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Inflation Will Be Long-Term Problem if Fed Doesn't 'Wake Up and Smell the Coffee': Art LafferMar 17, 2022 - 07:55:27 PDT
"This Fed has not a clue as to how to stop inflation," Laffer said on "Mornings with Maria" Thursday. "And as such, I think we're dealing with a long-term problem until they wake up and smell the coffee."
Mar 17, 2022 - 07:53:44 PDT
The yield curve is nearly flat as a pancake between three years and ten years. The curve has two inversions.
"The Worst Of All Worlds": "Paralyzed" Fed Will Move "Too Slowly" To Raise RatesMar 17, 2022 - 07:49:29 PDT
The dollar is bad, but less bad than most of its alternatives, giving it kneejerk safe haven status in a pinch. But this could be the beginning of the end. Having reserve status and playing political games with a foreign power’s central bank is probably a game one can play only once.
Mar 17, 2022 - 07:44:03 PDT
As America’s central bank raises its target interest rate for the first time in four years, we break down the challenges facing central bankers. In the fourth instalment of our French election series, we look at how the conflict has changed the race
Central Banks Experimenting With CBDCs, Have Come to the Conclusion That There To Be 1 Global SystemMar 17, 2022 - 07:28:33 PDT
With digital IDs attached to make it work. The common term used for this is "multi-CBDC" or “mCBDC" Collaboration projects are already well underway.
The government wants your money. It will beg, steal or borrow if necessary, but it wants your money any way it can get it.
This may be the dumbest thing you read today. Not my words, but this CNN article I'm about to tell you about.
Gold $10,000? Death of 40-Year Bull Market in Bonds? What's Next for the Global Financial System: MWMar 17, 2022 - 05:51:42 PDT
The shockwaves are still being felt by the incredible Western sanctions on Russia that have rendered the $630 billion in reserves the Russian central bank accumulated virtually unusable.
Gold Rises As Weaker Dollar Boosts Bullion Appeal, Higher Yields Cap GainsMar 17, 2022 - 05:49:45 PDT
Spot gold rose 0.4% to $1,936.26 per ounce by 0805 GMT, after touching its lowest since Feb. 28 at $1,894.70 on Wednesday. U.S. gold futures rose 1.3% to $1,934.20.
CEO Of Top Consumer Investment Firm Warns 1970s-Style Stagflation To ReturnMar 17, 2022 - 05:47:54 PDT
"We believe we are now seeing a tectonic shift to a completely different macroeconomic and investment environment that most leaders and investors of today have not seen or experienced in their professional lives. We see the rise of inflation which, in our view, is not transitory as a major threat to the...
Weekly Jobless Claims Total 214,000, Better Than Expected for Tight Labor MarketMar 17, 2022 - 05:46:00 PDT
Initial filings for unemployment insurance totaled 214,000 for the week ended March 12, better than the Dow Jones estimate for 220,000 and a decline of 15,000 from the prior week.
After January's surprise drop in Housing Starts MoM, analysts expected February to see a rebound and vice verse, following Jan's rise, February was expected to see Permits drop MoM, and that is what we saw with Starts surging 6.8% MoM (better than the +3.8% exp) and Permits dropped 1.9%...
Oil prices may have eased, but gasoline at the pump hasn’t -- a familiar problem for the Biden administration grappling with elevated inflation in the U.S.
Guggenheim Partners Chief Investment Officer Scott Minerd said the Federal Reserve is in an “inflation panic” as it begins to tighten monetary policy in response to inflation.
The Federal Reserve wrapped up its March meeting, delivering a 25 basis-point interest rate hike in the face of a 7.9% CPI. Peter Schiff called it the most anticipated and probably the most meaningless rate hike in history.
The Fed penciled in 7 rate hikes this year and 4 more next year. Who believes this?
The Fed Got Inflation Badly Wrong — And Now It Admits There's No Quick FixMar 17, 2022 - 05:33:18 PDT
Higher prices of gas, groceries, new cars and mortgage rates got you down? Americans may have to get used to it. The rate of inflation might not return to pre-pandemic levels of less than 2% for at least another three years.
America’s biggest lenders, including JPMorgan Chase & Co., Bank of America Corp. and Citigroup, are emerging as major winners from the Federal Reserve’s most aggressive campaign to increase borrowing costs in years. Most Read from BloombergIn a Chilling Threat, Putin Vows to Rid Russia of ‘Traitors’Ukraine Update: U.S. House Set to Revoke Russia’s Trade StatusRichest Russian Built NYC Power Over Decades and Lost It in WeeksPowerful Quake Off North Japan Kills 4, More Than 90 Injur
Jeffrey Gundlach, the CEO of DoubleLine Capital, does not have a base case of a recession this year but thinks there could be one in 2023 as the Federal Reserve is behind the curve in pulling off a soft landing.
Homebuyers are facing the worst affordability conditions, according to two analysts who expect the housing market will get harder to break into this year.