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What Happens When Central Banks Attempt to Tighten? Even More Resource MisallocationMay 13, 2022 - 09:16:08 PDT
After a prolonged period of easy monetary policy, the US Federal Reserve has embarked on a tighter monetary stance. On May 4, 2022, the Fed raised its benchmark interest rate by 0.50 percent, to a target range between 0.75 percent and 1.00 percent.
The Fed must stay the course in raising rates until inflation and inflation expectations abate.
During the past two years, home prices nationally have soared more than 30%. Rising mortgage rates make affording a home even harder. That has many people wondering if we're in another housing bubble.
Just today, as US inflation came in a touch hotter than expected, the Chinese Yuan is pulling lower, testing the lows of May 9, 2022. The five-day rate of change is fairly extreme by anything we’ve seen over the last few years. The last time...
May 13, 2022 - 08:34:18 PDT
Friend of Fringe Finance and well known financial news contributor - as well as 38 year veteran of markets Kenny Polcari has been kind enough to share his most recent thoughts on the market with our readers.
Metal Demand Seen Surging for Decades on Strength of Energy Transition: World BankMay 13, 2022 - 08:18:47 PDT
Demand for metals used in everything from wind-turbine blades to batteries will surge for decades to come, driven by efforts to decarbonize the global economy and shift away from fossil fuels, according to the World Bank.
Once considered a fringe “conspiracy theory,” the idea of preparedness has gone mainstream as global events unfold. Many online “preppers” have said that only a small percentage of Americans prepare for potential food shortages and civil unrest.
Rich countries have shown impressive unity in helping Ukraine counter the Russian invasion. They now need to demonstrate the same level of resolve to prevent the global economic fallout from the conflict from destroying the lives or livelihoods of many of the world’s most vulnerable people.
Amid constraints, shortages, and spiking diesel prices, freight volume slows, capacity opens up, freight rates may have peaked.
May 13, 2022 - 08:05:45 PDT
A picture is worth a thousand words. Nothing has been the same since Covid and The Federal Reserve’s massive overreaction to the government shutdowns of the economy. Notice how the University…
With "volatility' spiking and the Fed removing "liquidity," it is an excellent time to discuss the two terms and why they matter.
May 13, 2022 - 08:01:10 PDT
The Fed will curb inflation without raising unemployment. The odds of Recession are low. And It's all contained.
Odeon Capital Group chief financial strategist Dick Bove provides insight into how the Fed is handling inflation.
Will the inflation problem become so obvious that Americans clamor to jettison the fiat currency altogether?
Banks Make Billions Printing/Lending & Don’t Worry About Being Paid Back: Miller on the MoneyMay 13, 2022 - 05:53:55 PDT
Imagine a bank creating unlimited funds to lend, earning billions in fees and interest, with no worries about the borrower defaulting.
The deficit was $2 trillion in Biden’s first year in office and will reach another $1 trillion this year. Those are two of the largest deficits in American history.
Inflation Has Eroded 40% of Social Security’s Purchasing Power Since 2000May 13, 2022 - 05:47:50 PDT
In order to maintain the same purchasing power as there was 22 years ago, Social Security would have to increase by $539.80 per month.
A surprising lack of panic in the U.S. stock market as measured by Wall Street’s "fear gauge" is keeping some investors from calling a bottom on an already bruising equity selloff.
The US is heading into a new era of elevated inflation that’s likely to persist long after the red-hot prices of the past year or so come off the boil.
Powell Sees More "Pain" Ahead, Admits 'Soft Landing' Is 'Out Of Fed's Control' May 13, 2022 - 05:32:15 PDT
Did Fed Chair Powell just jump straight from 'denial' to 'acceptance' on his journey through grief at the death of 'transitory' inflation?