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‘The Whole Market Is in Danger of Collapsing’: Germany Warns of a ‘Lehman Moment’Jun 24, 2022 - 05:56:28 PDT
Russia’s fiddling with gas flows to Europe could create an economic spillover effect, warns Germany’s top economy minister.
Europe Is Now in Its Worst Corporate-Bond Selloff in Decades, Surpassing the 2008 Financial CrisisJun 24, 2022 - 05:53:59 PDT
By almost any metric, this is Europe’s worst corporate-bond selloff in decades, surpassing even the 2008 financial crisis.
Norway's Central Bank Hikes Rates by 50 Basis Points Amid Inflation FearsJun 24, 2022 - 05:51:27 PDT
Norges Bank said the unanimous decision to raise its policy rate to 1.25% from 0.75% came amid worries that prices may continue to rise due in part to tight spare capacity in the Norwegian economy and a weaker local currency.
The Bank of Mexico on Thursday increased its benchmark interest rate by a record 75 basis points to 7.75%, saying it would hike rates again and by as much if necessary to tame inflation that has surged to double its target. Inflation in the year through mid-June hit 7.88%, data showed earlier in the day, well above the central bank's target of 3%, plus or minus one...
The BOJ Will Continue To Support the Economy With Monetary Easing To Achieve Its Inflation TargetJun 24, 2022 - 05:48:49 PDT
The Bank of Japan must closely watch the impact currency moves could have on the economy, its deputy governor Masayoshi Amamiya said on Friday, reiterating a warning over the damage the currency's fall to 24-year lows may have on a fragile recovery.
That’s according to Societe Generale, which calculates the benchmark gauge may need to tumble as much as 40% from its January peak in the next six months to hit bottom. That comes out to 2,900. The upper end of the range the firm gave is for the index to slump by roughly 34% from its top, to 3,150.
Global equity funds saw their biggest outflows in nine weeks as investors piled into cash amid fears that the US economy could be headed for a recession.
Futures are pointing to solid close to the week - now that a recession and earlier rate cuts are assured...
This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail.The Comex has signaled weakness in the silver market but has been some activity bubbling under the surface. What's really going on with silver?
They tried to deny it for months, but now everybody knows we have an inflation problem. The president, Congress and all of the central bankers at the Fed are trying to find ways to solve this problem. But as host Mike Maharrey explains in this episode of the Friday Gold Wrap, all of their solutions are the equivalent of dumping buckets of water on a drowning man.
SRSROCCOREPORT UPDATE FOR SUBSCRIBERS: Explaining Shale Oil Decline Rate & My Upcoming Twitter Chat Why CPM Group Anal...June 24, 2022
In this update, I wanted to share my screen with subscribers to explain the Shale Oil Decline Rate & my upcoming Twitter Spaces chat about the CPM Group and why its analysis is faulty. Interestingly, Tom from Palisades Radio reached out to Jeff Christian for an invite, but he declined (LOL). I also invited Philip Newman of Metals Focus, who does the World Silver Surveys...
Jun 23, 2022 - 12:55:23 PDT
Rogers knows a thing or two about making money in turbulent times.
Despite the ongoing rout in energy names and the broader commodity sector, the longer-term outlook for commodities remains exceptionally positive - whether there’s a US recession or not.
These are all warning signs that property markets could be keeling over and, with many people leveraged up, it might not be long before debt-deflation starts to be seen.
The biggest risk is not significantly higher inflation. Rather, the greater risk is credit default and financial markets implosion.
It’s ‘Uncomfortably Possible’ That the Fed Will ‘Push Us Into Recession’: El-ErianJun 23, 2022 - 12:30:23 PDT
The Federal Reserve’s ability to achieve a “soft landing” in its fight against inflation is looking increasingly less likely, a growing number of economists are suggesting.
Oil price reversions are never expected but happen regularly as high prices create demand destruction in the economy.
Jun 23, 2022 - 11:22:24 PDT
Slippin’ Into Darkness! Despite what Biden and his muppets say, there is a good chance that the US will slip into recession over the next 24 months. And with that, we are seeing a slight drop…
And why are banks stashing so much money at The Fed in the form of reverse repos? Fear of recession, perhaps?
Americans hammered by rising inflation should brace for the economy to become even more precarious, an economist has warned. Inflation comes in several stages, and based on historical precedent, the next one the United States is facing won’t be pretty, he said.