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Gen X Is Least Confident About Retirement – Inflation, Higher Interest Rates on Debt Are ConcernsMay 9, 2022 - 08:23:26 PDT
An annual survey finds that most workers have a positive outlook about retirement savings, but will that soon change?
The growing risk of stagflation is leaving investors without many places to hide, with havens looking few and far between, according to Standard Chartered Plc.Most Read from BloombergPhilippines Election: Marcos Jr. Widens Lead in Vote CountU.S. Futures Signal Equity Plunge; Dollar Jumps: Markets WrapDay Trader Army Loses All the Money It Made in Meme-Stock EraEU Push to Ban Russian Oil Is Stalled by Hungarian DemandsUkraine Latest: Japan to Phase Out Russian Oil; Crude SwingsRisk
Gold prices retreated 1% on Monday as a firmer dollar and elevated U.S. Treasury yields weighed on the appeal of non-yielding bullion.
In the near-term, volatility in cryptocurrencies is expected to continue, and a turnaround may not be coming any time soon.
White House Asks For Another $20 Billion In COVID Money To Stop Winter WaveMay 9, 2022 - 06:03:39 PDT
...the Biden Administration will need to authorize another $20 billion+ in COVID spending to pay for the next round of shots needed to stop another brutal winter wave later this year.
Did the Fed Wait Too Long: What’s the Psychological Effect on the Housing MarketMay 9, 2022 - 05:49:43 PDT
My take also on the strength of the dollar and the impact of fuel prices on the economy.
State of the American Debt Slaves: Borrowing More to Buy Less due to Raging InflationMay 9, 2022 - 05:48:31 PDT
Credit card balances up 3.0% from 2019, CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases.
Mortgage Rates Hit 5.64%, 10-Year Treasury Yield 3.12%, Long-Term Treasury Bond Fund Gets MassacredMay 9, 2022 - 05:47:46 PDT
So the Fed Gets Ready to Walk Away from the Bond Market, and All Kinds of Stuff Happens.
Shocking Consumer Credit Numbers: Everyone Is Maxing Out Their Credit Card Ahead Of The RecessionMay 9, 2022 - 05:45:06 PDT
Here are the shocking numbers: in March, one month after the February print already came in more than double the $18 billion expected, consumer credit exploded to an absolutely blowout $52.435 billion, again more than double the expected $25 billion print, and the highest on record!
May 9, 2022 - 05:40:05 PDT
As crooner Dean Martin once said, “Let ’em have it!” Ain’t this a kick in the … head.Perhaps Joe Biden and Fed Chair Jay Powell are channeling Dean Martin by letting us have it.
Southeast Asia will face a "big risk" of social unrest if there are "big surges" in food prices, an ASEAN economist at Bank of America Securities told CNBC.
May 9, 2022 - 05:35:50 PDT
After the hottest March on record, India looks at wheat export restrictions.
ECB’s President Christine Lagarde says "Stagflation Isn’t the Base Case." I suggest that should just about seal it. Include the US as well.
Let's tune into an amusing video clip on the "all powerful" Jerome Powell and a market that headed for "major, major bounces"
"We Live In The Most Chaotic, Hard-To-Predict Macroeconomic Times In Decades”: Morgan StanleyMay 9, 2022 - 05:29:04 PDT
Fears of a global recession abound, and in the past three months we have revised our global growth forecast down 170bp while inflationary pressures have risen.
European stocks were lower on Monday as global investors continued to mull over persistently high inflation.
There is more talk of student loan forgiveness. Supporters of these schemes argue that the whole system is inherently unfair, although they rarely talk about who would pay for student loan forgiveness. They also seem oblivious to the fact that the federal government created this problem to begin with.
Back in 2019, CNBC commentator Jim Leventhal said he had no interest in gold because it has no uses as a metal. This comment was a real head-scratcher because, besides its extensive use in jewelry, gold is an increasingly important industrial input, particularly in the technology sector.
With the current broader market sell-off, investors want to know what is in store for the precious metals prices? While we are likely to see lower prices in the short term, it may be difficult to access physical bullion when investor demand comes back with a vengeance. In this update, I provide my technical & fundamental analysis...
With the impact of sanctions tanking the ruble, the Russian central bank announced it would buy gold from local banks at a fixed rate. The move had the desired effect. The ruble quickly recovered. But the Central Bank of Russia abandoned the de facto gold standard almost as fast as it implemented it.Why?