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Wagers against consumer discretionary stocks registered the biggest jump, up 74 basis points to 5.24% during the three month period. The rise in short positions came as consistently higher monthly inflation prints pressured demand for goods.
We recently posted Part 1 of our interview with copper expert Simon Hunt. In it, he warned of an economic crash he sees arriving by 2025. How should investors position for that? Simon answers this here in Part 2 of our interview with him, laying out his projected timeline & highlighting what he projects will be the best moment to "cash out before the bust".
China offered the European Union assurances on Friday that it would seek peace in Ukraine but said this would be on its own terms, deflecting pressure for a tougher stance towards Russia.
RT talked to Sergey Kopylov, a junior partner at consulting company BSC and a lead researcher at Plekhanov Russian University of Economics, to find out what it means and whether Western countries could really freeze Russian bullion holdings.
Some reports say Putin backed down on his demand for rubles for energy. Those reports are essentially wrong.
According to the BLS, the economy added 431k jobs in March. February was revised up to 750k from an original 678k. The unemployment rate fell to 3.6%.
Since when is a “billionaire” someone who has a net worth of $100 million? What happened to the other $900 million? Nevertheless, envy politics is back again under the Biden Administration. Rich politicians, who are supported by rich individuals and rich corporations are going to tax themselves (even more) ... for you! The dreaded Income Tax was 'only for the rich' at first too. Look how that worked out over the last 100 years.
It’s finally here. QE has pretty much come to an end as the Fed added only $9B to the balance sheet during March. This was accomplished with moderate purchases of short- and long-term debt, while 5–10-year notes had a $20B runoff. MBS (light green) was surprisingly quiet with a net $2B runoff, but this disguises the typical volatility seen in MBS weekly purchases.
"Despite affirmations to the contrary, the Fed appears to have abandoned its average inflation target. Excessive nominal spending has pushed prices well above the level consistent with the Fed’s average inflation target." ~ William J. Luther
Russia’s huge gold industry is searching for new ways to sell its metal, such as exporting more to China and the Middle East, as sanctions choke off its traditional sales routes.
Apr 1, 2022 - 07:18:10 PDT
Which is a long way of saying that it’s not just that rates will go up, it’s that some trade routes won’t get funding at all. At least not in dollars. Full PDF Here: https://plus2.credit-suisse.com/shorturlpdf.html?v=51io-WTBd-V
“Real” Spending by Americans Dips to Second Highest Ever. But Income Walloped by InflationApr 1, 2022 - 07:16:44 PDT
Spending shifts slowly back to services. But spending on goods still massively above trend, despite supply shortages.
Here are four measures of inflation plus a discussion as to why all of them are understated.
ISM Manufacturing Unexpectedly Slumps To Lowest In 18 Months, Prices Paid SpikesApr 1, 2022 - 07:11:53 PDT
With unemployment rates tumbling, business surveys rising and earnings growth soaring, does The Fed have any excuises but to start hiking 50bps at a clip?
When you change the definition of words, it can create confusion. This is exactly why politicians have worked so hard to change the definition of inflation. As a result, a lot of people are very confused. In this Friday Gold Wrap podcast, host Mike Maharrey explains how the meaning of inflation has changed and why it matters. He also talks about signals flashing from the bond and real estate markets.
Commentators are trying to make sense of Russian moves. However, there is a back story which differs from much of the speculation, which this article addresses.
“Importers can now hide behind trade secrecy and are not accountable to anyone regarding the origin of the raw material and associated risks,” warns the Society for Threatened Peoples.
An inflationary wave unleashed by the war in Ukraine and the response to COVID may be hard to stop because of an energy price shock, sanctions that are exacerbating supply chain problems and labour shortages, Deoktsche Bank Wealth Management said.
Market sentiment turned south yesterday, in part on a stand-off in Europe over payment for Russian natural gas, as Russian leader Putin renewed calls for sanctioning countries to pay for the gas in rubles, which Germany, among others still refuses to do. Elsewhere, US President Biden announced a sustained release of 180 million barrels of strategic oil reserves...
"I think it's time for us to move in that direction," the Democratic senator told NBC's Chuck Todd in an interview to be aired Thursday night.