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There’s Never Been a Worse Time to Buy a Home in a Poll of U.S. HouseholdsFeb 7, 2022 - 07:47:47 PST
The share of Americans who say it’s a good time to buy a house hit an all-time low of 25% in a monthly Fannie Mae survey.
Feb 7, 2022 - 07:43:03 PST
By Pam Martens and Russ Martens: February 3, 2022 ~ New details have emerged to provide a fuller picture of the turmoil that was taking place in the dark
Jay Powell traded during restricted blackout period; failed to disclose most trade dates; apparently lied about muni conflict; directed massive Wall St bailouts despite conflicts
Over the past two weeks, a much brighter light has been shone on how and why the world’s most influential central banks are scrambling to regain control of the inflation narrative and contain further damage to their credibility. Politics.
The helter-skelter playing out on U.S. factory floors from labor and supply shortages, transportation bottlenecks and the coronavirus looks likely to persist into the second half of the year.
Fresh inflation data could fuel further market volatility in the week aheadFeb 7, 2022 - 07:16:18 PST
After January's strong jobs report, focus swings to consumer inflation in the week ahead and what it could mean for the Federal Reserve's plan to hike rates.
Tyson Foods Soars To Record After Hiking Beef, Chicken And Pork Prices By Double DigitsFeb 7, 2022 - 07:08:51 PST
Stock of Tyson Foods, the world's second largest processor and marketer of chicken, beef, and pork after Brazil's JBS S.A., is soaring 9%, hitting an all time high and is one of the S&P's best companies this morning...
The markets continue to brace for the Fed's impending inflation fight. But as Peter explained in his podcast, they're not bracing for the Fed to lose that fight.And the Fed is going to lose that fight.
Gold Futures Look To Add to Gains Monday After Sharpest Weekly Rise in MonthsFeb 7, 2022 - 05:33:42 PST
Gold futures extend a rise early Monday, after bullion notched the steepest weekly gain since mid November, following last Friday's the jobs report.
I believe Fed officials are largely responsible for the cycles of bubbles, booms, and busts over the last 30 years. Further, they share some of the blame (clearly not all) for the growing divisions and tribalism in our society. Much of it springs from the wealth disparity they aided and abetted.
States with higher income tax rates saw significant population declines, whereas states with lower taxes had accelerated population growth.
Surprising labor market strength and expectations for interest-rate increases have lifted U.S. Treasury yields to their highest levels since 2019.
Dollar Up, Euro Near Three-Week High as Central Banks Continue Hawkish ToneFeb 7, 2022 - 05:13:18 PST
The dollar was up on Monday morning in Asia, with the euro near a three-week high hit during the previous week. Investors continued to digest the European Central Bank (ECB)’s hawkish turn while saying further short-term gains are less likely as the U.S. Federal Reserve’s imminent interest rate provided support...
The European Central Bank could end its stimulus programme earlier than planned but it is unlikely to raise its main interest rate in July as investors are expecting, ECB policymaker Martins Kazaks told Reuters. Investors have brought forward their bets on the bank’s first rate hike in more than a decade after ECB President...
The global bond rout extended Monday, stoked by expectations for aggressive interest-rate hikes around the globe.
Borrowing costs are soaring across global credit markets as investors prepare for the end of an era of loose monetary policy.
Jeff Currie, the closely-followed head of commodities research at Goldman Sachs Group Inc., says he’s never seen commodity markets pricing in the shortages they are right now.
Inflationary pressures in the U.S. continued to heat up at the start of the year, data are expected to show, likely putting a Federal Reserve interest-rate increase next month on autopilot.
Refinance applications were up 18% for the week ending January 28, according to the Mortgage Bankers Association.
ICECAP DIAMOND UPDATE FEB 7th: Supply-Demand & Natural vs. Synthetic Diamond PricesFebruary 7, 2022
In this IceCap Update, Jacques explains the current supply and demand forces in the diamond market, including the differences between synthetic and natural diamond prices. Last year, the fourth-largest diamond mine in the world, the Argyle Mine, closed operations after 37 years...