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Defying their stock-market counterparts, Treasury traders aren’t buying Jerome Powell’s upbeat pronouncements on growth. In fact, in the aftermath of Wednesday’s policy decision, one bond-market indicator of economic hardship is flashing red for the first time since the darkest days of the pandemic.
Soros is worried about Russia's alliance with China and hopes both Russia's Putin and China's Xi can be removed.
NATGAS ENERGY CLIFF CRITICAL UPDATE: USA & Russia Natgas Exports Not Keeping Up With Massive DemandMarch 17, 2022
This Critical Energy Update shows how the U.S. and Russia are not keeping up with the massive global demand for natural gas. Last year was a WAKE-UP call for the world that we are heading closer to the ENERGY CLIFF. Unfortunately, as the world adds more Green Energy, the faster we run over the Energy Cliff.....
Gold is undergoing a sharp setback after being capped near exactly at its $2075 record high. However, strategists at Credit Suisse still expect the yellow metal to break above here towards the $2,285/2,300 zone.
Fed monetary policy will not stop the inflation because the coming inflation is not “demand pull” inflation from consumers; it’s “cost-push” inflation from the supply side that the Fed cannot control. In the end, we may have 1970s style stagflation which includes both weak growth (due to monetary tightening) and...
The Fed announces the first rate hike since 2018. Now what?
Retail sales amid record worst inflation in durable goods and red-hot inflation in nondurable goods.
Bond traders haven’t moved so swiftly to get ahead of the Federal Reserve in at least four decades, underscoring the dramatic tightening in financial conditions that has rippled across markets even before the central bank starts raising interest rates.
Russia Stokes Fears of First Foreign Currency Default in More Than a Century As It Attempts PaymentMar 16, 2022 - 11:32:50 PDT
Russian Finance Minister Anton Siluanov said Wednesday it is up to the U.S. to decide whether crucial interest payments on two dollar-denominated eurobonds go through, ratcheting up fears of Moscow’s first foreign currency debt default in over a century.
Watch Powell Explain How A 25bps Hike Will Slay Runaway Inflation.
As President Biden tries to pin blame elsewhere on the rip-offs at the gas pump, the fact remains that the policies of his administration are the chief culprit. Yes, his administration has had some help, primarily from the counterfeiting Federal Reserve, but whether it's through domestic policies or the foreign policy of empire, the Biden Administration has hit American wallets where it hurts.
Letters: Feeding Britain’s Andrew Forsey on the alarming number of people on the edge of crisis, Pam Walker on sinking into fuel poverty, and Peter Carter on poor people being ripped off by energy firms
Mar 16, 2022 - 11:13:15 PDT
So, The Federal Reserve raised their target rate by … as expected … 25 basis points to 50 basis points. The Taylor Rule suggests that the target rate should be 11.96%. So, Powell and The Gang are getting closer! /sarc.
By now, enough has been said about what the Fed may do today: consensus expects that to fight soaring inflation, the Fed will enact a 25bps rate hike (but not 50bps unless Powell really wants to shock markets), the first since 2018, together with forward guidance for a string of hikes. Considering where inflation is, it is very clear by now that the Fed is far behind the curve - the list time CPI was here, the Fed Funds rate was 15%!
Federal Reserve Approves First Interest Rate Hike in More Than Three Years, Sees Six More AheadMar 16, 2022 - 11:03:12 PDT
The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, and said it expects to keep raising through the end of the year.
Warren Buffett and Elon Musk don't always see eye-to-eye. But when it comes to inflation, these two business titans agree: it's metastasizing into a major problem for both industry and society.
Central to fighting inflation is showing that a new paradigm is in place — and so far, the Fed hasn't been willing to do what's needed.
In reversing from its low two years ago, the 30-year yield has also formed a pretty clear inverted head and shoulders pattern so it appears we are at a crucial spot for the multi-decade bond bull market.
Mar 16, 2022 - 08:32:31 PDT
In this article I'll compare/contrast the US and Japanese demographics to explain why the US is far more "Japan-like" demographically than is typically acknowledged. I'll show the decelerating population growth by age groups, leading to decelerating employment growth.
Former Treasury Secretary Larry Summers said Wednesday the Federal Reserve is steering the U.S. toward "stagflation" and a "major recession" – the latest of several dire predictions from the Democrat economist.