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Ray Dalio’s Bridgewater Says Stocks Will Crash Another 25% if Fed Stays on Its CourseJun 10, 2022 - 10:36:36 PDT
Bridgewater Associates co–chief investment officer Greg Jensen said inflation is not going away, which could force the Fed to continue hiking interest rates, likely more than Wall Street currently anticipates.
The latest inflation numbers are out and have startled investors around the world. In this latest update Mike Maloney answers the question “Is this over with yet? Are we going to see more high inflation month after month?”
Economist Art Laffer Slams Biden Admin Over Inflation: This Is a ‘Catastrophic Economy’Jun 10, 2022 - 08:51:52 PDT
ART LAFFER: Inflation is not only not peaking and not coming down, it is accelerating. And this is the worst news of all the Biden administration could have. And when you combine that with the GDP decline in the first quarter by 1.5%, and now the forecast for the second quarter out of Atlanta is only 9/10 of 1% growth. That's atrocious. Total employment today is 800,000 people lower than it was in February 2020.
Let's investigate "I didn't see that coming" and other nonsense from Treasury Secretary Janet Yellen.
But we’ve had it so good for so long. And it was so easy, and it made everyone look like a genius.
Even Deep-Pocketed Buyers Are Starting to Back Away From the U.S. Housing Market: WSJJun 10, 2022 - 08:04:41 PDT
After an epic two-year run—not just in Austin but in major cities around the country—the luxury real-estate market is finally cooling.
Surging home prices and rents are cascading down to the country’s mobile home parks, where heightened demand, low supply and an increase in corporate owners is driving up monthly costs for low-income residents with few alternatives.
Global investors resumed selling bond funds in the week to June 8, after purchasing them in the previous week, as strong employment numbers in the United States and soaring European inflation rekindled fears of aggressive monetary tightening by major central banks.
GDP evidence is falling head-over heals into recession, not showing any evidence of climbing out.
In a stunning miss, University of Michigan Sentiment collapsed in preliminary June data, crashing from 58.4 to 50.2 (massively below the 58.1 expectations). The current conditions gauge sank to a record-low 55.4 from 63.3, while a measure of expectations decreased to 46.8 from 55.2.
Well that's not what the market wanted to see... The hotter than expected CPI print has sparked turmoil in markets with the Treasury curve inverting once again (now its most inverted in over 2 months)...
Greenlight Capital hedge fund manager David Einhorn said on Thursday that the Federal Reserve is pretending it can tame inflation and that the price of gold is likely to go higher amid the current environment of rising prices. Einhorn has long been betting that gold is a critically important asset in portfolios. Einhorn's fund is up 20.9% this year, thanks to investments in gold...
“My best guess is that we’re six months into a bear market,” Druckenmiller, who runs Duquesne Family Office, said Thursday at the 2022 Sohn Investment Conference. “For those tactically trading, it’s possible the first leg of that has ended. But I think it’s highly, highly probable that the bear market has a ways to run.”
Mohamed El-Erian, who almost a year ago accurately forecast that elevated US inflation would be persistent, says it hasn’t peaked.
China’s inflation moderated in May as global commodity prices cooled and consumer demand weakened, leaving room for authorities to ease monetary policy and add stimulus to shore up the economy.
‘We Are Edging Into Serious Global Food Security Issues’: Former NATO Supreme Allied CommanderJun 10, 2022 - 06:03:49 PDT
Former NATO Supreme Allied Commander Admiral James Stavridis discusses the impact the Russian invasion of Ukraine is having on the world’s food supply.
The war in Ukraine and drought fuelled by climate change has sent global prices for grains, cooking oils, fuel and fertilizer soaring.
Rising prices are leading many to adjust their behavior by bargain-hunting, cutting back on entertainment or putting off planned purchases
INFLATION: President Biden says, "There's nobody suggesting there's unchecked inflation on the way, no serious economist."
Dow Futures Slide Over 350 Points After May Inflation Report Is Worse Than FearedJun 10, 2022 - 05:34:07 PDT
Futures tied to the Dow Jones Industrial Average shed 230 points, or 0.7%. Those for the S&P 500 fell 0.8%, while Nasdaq 100 futures sank 1%.