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"The Biggest Story No-One Is Talking About": "Something In The Market Is About To Snap"Apr 25, 2022 - 12:36:50 PDT
It was exactly one month ago - on March 24 - when we first laid out the big dilemma facing the Bank of Japan, which on one hand was hoping to avoid a currency collapse (for obvious reasons) and prevent a crash in the yen, while on the other hand, was also hoping to keep the 10Y yield below its extremely dovish 0.25% yield curve control rate ceiling. The problem is that while the BOJ can control one or the other, it can't control both; this is what we said then:
Apr 25, 2022 - 12:29:20 PDT
The Federal Reserve (the Fed) is the central bank of the United States. It sets monetary policy, including control of the benchmark short-term interest rate known as the Federal Funds rate, or in Wall Street jargon, the “Fed Funds” rate. This is a key rate because it signals the rate at which overnight loans are made between financial institutions and the direction of interest rates in general.
Elon Musk and Twitter have agree to a sale of the social networking site for $44 billion.
The Federal Reserve is poised to raise interest rates at the fastest pace in 40 years after policy makers’ hawkish rhetoric turned more aggressive last week. The problem, though, is that bond traders keep boosting their longer-term inflation expectations in a very concerning development for the central bank, the economy and financial markets.
As interest rates on U.S. Treasury securities rise, so too will the federal government’s borrowing costs.
"A shift to a more restrictive monetary policy to control inflation is likely to result in a recession. One can only hope that the Fed is able to handle this transition better than it has handled the monetary policy of the recent past."
Apr 25, 2022 - 11:43:43 PDT
Slippin’ into darkness! M2 Money stock YoY skyrocketed during the Covid mini-recession, peaking at 21% during February of 2021. The Dallas Fed manufacturing outlook grew to 38.1 in March 2021…
Apr 25, 2022 - 11:38:11 PDT
As The Fed sings “No sugar tonight” exemplified by the number of expected Fed rate hikes by February 2023 has grown to 10.4. Mortgage rates are now the highest since 2009, but inflation is the highest in 40 years. The result? The REAL 30-year mortgage rate is -3.25%.
Soaring inflation and snarled supply chains are crushing small businesses owners, who are struggling to maintain their bottom line and retain workers, according to a new survey published by Goldman Sachs.
Apr 25, 2022 - 11:30:03 PDT
The country's finance minister said in an interview that the funding is necessary for Ukraine's immediate economic needs.
Apr 25, 2022 - 11:27:37 PDT
I wish we were meeting under different circumstances. But the reality is that we are facing rising global food insecurity .Even before the war, over 800 million people were suffering from chronic food insecurity. That’s 10 percent of global population, and more than the populations of our panelists’ five home countries combined.
Recession warnings are on the rise. As the media focuses on the inversion of the yield curve, other indicators are suggesting caution.
Apr 25, 2022 - 08:59:17 PDT
The Piper Sandler chief global economist warns the world is in the early stages of a 'very significant' recession.
Another Housing Bubble? ‘We’re Skating Close to One,’ Says Realtor.com EconomistApr 25, 2022 - 08:50:14 PDT
The stubbornly hot U.S. housing market now has economists flirting with the real estate industry’s most feared word: bubble.
Global military spending rose again in 2021, setting new records as Russia continued to beef up its military prior to its invasion of Ukraine, researchers said Monday, predicting the trend would continue in Europe in particular.
Adding to this, scientists have warned us that we just have 27 years until we are out of food completely. This means we are heading towards a food crisis. They have launched a doomsday countdown and say we have exactly 27 years and 251 days left as of Sunday (April 24).
Dow Drops About 300 Points As April Sell-Off Continues, Global Slowdown Fears LoomApr 25, 2022 - 08:23:53 PDT
Investors are looking ahead to a packed week of corporate earnings, including reports from Amazon, Apple and Microsoft.
This may be one of many revaluations of capital vis a vis labor and resources and core vis a vis periphery.
Nonfarm Payrolls: The payroll survey (sometimes called the establishment survey) is the headline jobs number. It is based on employer reporting. Employment Level: Employment numbers and the unemployment rate are from the BLS household survey. It's is a phone survey conducted by the BLS.
FBI Warns of Targeted Cyber Attacks On Food Plants After Mysterious Rash Of FiresApr 25, 2022 - 08:02:44 PDT
The FBI's Cyber Division published a notice this past week warning about increased cyber-attack threats on agricultural cooperatives, which comes at a time when a curious string of fires and explosions damage major food processing plants across the country.