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Mar 15, 2022 - 13:14:29 PDT
Russians have been left with few places to turn to preserve their wealth as the ruble tumbles and Western companies pull out of the country.
Takeaway: very wide gaps between Treasury yields and inflation occur when geopolitical events such as the 1973 Saudi oil embargo or the 1979 Iranian Revolution cause both a spike in energy prices/inflation and a sharp decline in investor confidence.
Mar 15, 2022 - 12:35:39 PDT
Hoover Institution distinguished visiting fellow Kevin Hassett weighs in on inflation and the possibility of a recession.
Billionaire Supermarket CEO: Buy Now, Food Inflation Will Only Get Much WorseMar 15, 2022 - 12:22:28 PDT
John Catsimatidis says food prices could increase 20% by summer.
Some massive news broke in the last couple of hours in regards to the US dollar - Join Mike Maloney and Adam Taggart in today’s video update as they discuss what happened, what it means, and where we could be headed next.
The US debt is at a precarious new level, quickly approaching historic highs not seen since the end of World War II. Now, the nation has faced three costly crises in the last 15 years— the financial crisis, the pandemic, and the war in Ukraine. These events demonstrate that this nation must be fiscally prepared...
White House Says U.S. Will Run Out of Money To Fight Pandemic if Congress Doesn't Pass COVID FundingMar 15, 2022 - 11:58:06 PDT
The White House is urging Congress to pass $22.5 billion in Covid spending, warning the U.S. is running out of money to fight the virus.
Biden Signs Government Funding Bill That Includes $13.6 Billion in Ukraine AidMar 15, 2022 - 11:55:42 PDT
Biden signed a funding bill that will keep the government running through September and send $13.6 billion in aid to Ukraine.
Big banks fear that Swift faces a growing threat of Russian cyberattacks after seven of the country’s lenders were kicked off the global payments messaging system over the weekend.
Runaway Inflation Flashes Recession Warning on Euro Zone’s Edge: BloombergMar 15, 2022 - 11:47:18 PDT
Estonian central bank says GDP may shrink as war also weighs Russia’s invasion is damaging sentiment, stoking energy costs
The Federal Reserve is facing the fastest inflation most Americans have ever seen. Its chair says policymakers will do what it takes to tame prices.
Global Economy Sinks Deeper into Turmoil as Fed Prepares to Raise Rates: NYTMar 15, 2022 - 11:32:30 PDT
Federal Reserve officials are set to raise interest rates to control inflation, but the return to normal they had hoped to see remains painfully elusive.
Wall Street Mood Turns Apocalyptic: Optimism Lowest Since Right Before LehmanMar 15, 2022 - 11:19:21 PDT
In late 2021 we noted a gaping divergence in one of Wall Street's most closely watched surveys, the BofA Fund Manager Survey: while the number of respondents seeing a stronger economy had collapsed, the allocation to stocks remained near record high levels, resulting in what we called a "historic divergence".
Deflation: A Decline in Prices That Often Signals Hard Economic Times AheadMar 15, 2022 - 09:14:22 PDT
Deflation is when the cost of goods and services decreases over a period of time. It often coincides with a significant weakening of the economy.
Forecasters Sees Growing Chance of a Recession As Fed Hikes Rates This Year To Fight InflationMar 15, 2022 - 09:10:53 PDT
The probability of recession in the U.S. was raised to 33% in the next 12 months, up 10 percentage points from the Feb. 1 survey.
NATO has amassed 30,000 troops and 50 warships near Russia’s border for military exercises. The drill named Cold Response, has kicked off today in Norway amid escalating tensions between Russia and the West over the invasion of Ukraine..
"If we want to understand inflation, we need a framework to organize our thoughts. Economies are fiendishly complex; without a model that helps us focus on the relevant details, we’re lost in the woods." ~ Alexander William Salter
The Russia-Ukraine conflict could push U.S. inflation into double-digit territory, according to Allianz chief economic adviser Mohamed El-Erian, who cited the disruptive impact of the war on supply chains, shipping, and commodity prices.
Corruption is “a cancer that eats away at a citizen’s faith in democracy,” said a certain vice president, back in 2014. Now commander in chief, Joe Biden must confront a corruption problem unfolding on his watch: the spiraling costs of misspent Covid funds.
The Wall Street Journal notes more than a dozen states are investigating rent controls as rent spiral higher.