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China’s Lockdowns Could Trigger a Logistics Snarl That May ‘Dwarf’ 2020 and 2021Apr 13, 2022 - 07:35:33 PDT
Products are not moving out of China at the moment and a "big problem looms" for the global economy, says IMA Asia's Richard Martin.
"The markets have been pricing in the Fed's new hawkish stance and the prospect of inflation stabilization will reduce the scope for further dollar gains," which will be positive for greenback-priced gold, Ricardo Evangelista, a senior analyst at ActivTrades, said in a note.
With elevated risks to sovereign debt, a global cooperative approach is needed to reach an orderly resolution of debt problems and avoid defaults.
The federal government ran a $192.68 billion deficit in March, according to the latest Treasury statement. Somehow, this is supposed to be good news.
Apr 13, 2022 - 06:10:58 PDT
James Bullard, president of the St Louis branch of the Fed, said the central bank needed to be more aggressive in its efforts to root out the highest inflation in four decades as he called for rates to rise to a point where they actively curtail growth.
The yen fell to a 20-year low against the dollar as the Bank of Japan’s ultra-loose monetary policy piles pressure on the Japanese currency at a time when US policymakers at the Federal Reserve are signalling their intent to raise interest rates. The BoJ’s pledge to continue stimulus measures in order to bolster Japan’s...
It’s the next big market call that could enrich traders across Wall Street: The raging global energy crisis and ever-more hawkish central banks knock key economies into 1970s-style stagflation.
Producer Prices Soar At Record Pace, 'Pipeline' Suggests Peak Inflation Far OffApr 13, 2022 - 05:53:28 PDT
But of course, The Fed hiking rates will tamp down this forest fire... and spark a stagflation storm in the meantime.
“How long that takes will be very difficult to estimate,” Brainard said.
Apr 13, 2022 - 05:45:51 PDT
Hourly wage data from BLS, chart and real calculations by Mish via St. Louis Fed (Fred).
The inflation freight train is still hurtling down the track at breakneck speed.Everybody expected a big Consumer Price Index number for March. When it was all said and done, we got what was expected. And then some.
The Fed is in a tough situation having to fight inflation all the while the economy slows and yields curves warn of recession.
British consumer price inflation leapt to its highest level in three decades last month, intensifying the pressure on embattled Prime Minister Boris Johnson and his finance minister Rishi Sunak to ease the cost-of-living squeeze.
Bankers Lower Their Mortgage Demand Outlook for the Year As Rising Rates Hurt AffordabilityApr 13, 2022 - 05:39:42 PDT
Rising rates are causing a drop in home loan demand, so mortgage bankers are lowering their forecast for the year.
JPMorgan Chase Reports $524 Million Hit From Market Dislocations Caused by Russia SanctionsApr 13, 2022 - 05:38:24 PDT
JPMorgan said Wednesday that first-quarter profit fell because of increased costs tied to bad loans and market upheaval caused by the Ukraine war.
Producer Prices Rose 11.2% From a Year Ago in March, the Biggest Gain on RecordApr 13, 2022 - 05:35:45 PDT
The producer price index was expected to rise 1.1% in March, according to Dow Jones estimates. This is breaking news. Please check back here for updates.
Apr 13, 2022 - 05:31:15 PDT
The island nation is in the grip of its worst economic crisis since independence in 1948, with severe shortages of essential goods and regular blackouts causing widespread hardship.
The Treasury ran a budget deficit of $193B in the month of March. This exceeded the 12-month average of $144B.Over the last year, the Treasury has seen a massive influx of Individual tax revenues that have helped support the ballooning Federal Deficit. Unfortunately, spending has been so high that the additional revenue did not give much reprieve, causing the Treasury to borrow $2.27T over the last 12 months.
While the Mainstream media reports positive news about Europe and the West's transition away from Russian energy, there continue to be breakdowns in the Global Energy Market, hidden away from the public. I call this the Global Energy Denial Phase, which will only get worse...
Join Mike Maloney as he examines the latest inflation news and projects what is likely to follow - a deflationary bust that could make 1929 look like a mere bump in the road. Don’t miss this one.