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Investors Withdraw Over $7 Billion From Tether, Raising Fresh Fears About Stablecoin’s BackingMay 17, 2022 - 08:09:06 PDT
Tether's circulating supply has slipped from about $83 billion a week ago to less than $76 billion on Tuesday.
Turkey’s lira tumbled for a ninth day, hitting a brand new low for the 12 months, as state lenders decreased the quantity of greenback gross sales to prop up the forex.
Surging inflation will pile £2,370 ($2,900) on to the bills of the average UK household this year, according to a new study, raising fresh pressure on the Bank of England and government to step up their response to the cost of living crunch.
May 17, 2022 - 07:33:11 PDT
You will notice that Fed monetary tightening occurs when capacity utilization hits 80%, indicating an overheated (or OVERSTIMULATED) economy. Yes, we still have The Fed Funds Target Rate (Upper Bound) at only 1% and The Fed Balance Sheet still near $9 trillion. So, Fed stimulypto is still in play.
The disinflationary impact of Fed policy on equities is coming. There is currently much debate in the mainstream media suggesting investors should ignore Fed rate hikes. To wit:
Walmart Tumbles After Missing Earnings, Slashing Guidance On Soaring InflationMay 17, 2022 - 06:18:50 PDT
The post-covid tailwind for big box retailers is officially dead and buried and the hangover is officially here.
The concern is particularly acute for low-income countries hampered also by high food and energy inflation...
While the US dollar typically strengthens when a recession is looming, all bets are off once it hits.
Investors are piling into cash as the outlook for global growth plunges to an all-time low and stagflation worries mount, according to a Bank of America Corp. fund manager survey that points to continued stock market declines.
Amid a record surge in revolving consumer credit (i.e. credit card spending), and soaring inflation, analysts expected another monthly rise in retail sales (which is reported in nominal dollars) and they were right but the headline print modestly disappointed (+0.9% MoM vs +1.0% MoM exp) but that was offset by a huge upward revision in March data from +0.5% MoM to +1.4% MoM....
Way back in 2007 I charted five long-wave cycles that I reckoned consequential:
1. Public debt (accumulating federal deficits)
2. Inflation
3. Oil (energy)
4. Interest rates
5. Speculative fever
On May 4, the Fed released its plan achieve balance sheet reduction of $60 billion a month in Treasuries and $35 billion a month in MBS. The latter is fake.
Bernanke Helped the U.S. Recover After 2008 & Now Sees Huge Warning Signs on Inflation, StagflationMay 17, 2022 - 05:34:34 PDT
According to Bernanke, it's all headed towards a possible scenario in which the U.S. economy could enter a period of “stagflation,” or a combination of economic stagnation and high inflation, coupled with increased unemployment.
List of 23 Major US Office Markets, by Vacancy Rates Ranging from Abysmal to Just TerribleMay 17, 2022 - 05:32:01 PDT
Commercial Real Estate hit by construction boom, oil bust, pandemic, working from home, now hiring freezes and layoffs. Older office towers dish out huge losses.
DLB Financial Services CEO Debbie Boyd joins Yahoo Finance Live to discuss rising mortgage rates, the costs homebuilders and lenders are taking on, investors taking their money out of the real estate market...
Oh for the good old days of a nice, clean housing bubble and bust as in 2004-2011: subprime lending expanded the pool of buyers, liar loans and loose credit created speculative leverage, the Federal Reserve provided excessive liquidity and the watchdogs of the industry were either induced (ahem) to look away or dozed off in a haze of gross incompetence.
If you want freedom, you need sound money.So, argues economist Ludwig von Mises.It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of right."
With a surge in April tax receipts, the federal government ran a record budget surplus last month. This seems like good news. And the mainstream spun it as such. But record government revenue is papering over a spending problem that isn't going away.
While Europe has been dealing with energy shortages since the fall of 2021, it seems that the United States isn't too far behind. Even with rising U.S. natural gas production, storage levels are considerably lower than during the same period last year. This is bad news for Americans because power bills will get a lot more expensive...
Speaking to the Investing News Network, Frank Holmes, CEO and chief investment officer at US Global Investors (NASDAQ:GROW), pointed out that the yellow metal's decline is a buying opportunity.