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Dow Futures Fall More Than 100 Points after FDA Recommends Pausing J&J COVID VaccineApr 13, 2021 - 05:07:10 PDT
U.S. stock futures dropped in a sudden move after the U.S. Food and Drug Administration said it’s recommending a pause in the Johnson & Johnson Covid vaccine after reported cases of blood clotting.
This is a Trade Update and information on why some stocks are in a massive bubble while other stocks in the same sector are merely inflated along with the broader markets. By understanding the difference, we can spot excellent opportunities. And, I must say, John Deere, is most certainly an excellent opportunity...
Gold fell on Monday as an uptick in U.S. Treasury yields weighed on bullion's appeal, while
investors awaited key U.S. inflation and retail sales data to gauge the health of the economy.
Apr 12, 2021 - 12:42:15 PDT
Jerome Powell said the Fed is running experiments looking at how exactly a digital dollar might work, as China presses on with its digital yuan.
While ebullient markets have briskly moved on, I’m not done with Archegos. The thesis holds that speculative leverage evolved into an integral source of liquidity throughout historic global market Bubbles. The spectacular collapse of Archegos marks a significant inflection point, ushering in a tightening of lending conditions at the “margin” for increasingly vulnerable Bubbles.C
The Dollar Looks 'Vulnerable' Until the Reopening Is Fully Priced In: Standard CharteredApr 12, 2021 - 12:29:47 PDT
Steve Englander of Standard Chartered Bank talks about the downside risk for the U.S. dollar, while saying markets will be able to handle a gradual climb in U.S. Treasury yields.
A day of reckoning is coming, and it seems most unlikely that it will come via a hyperinflation that would effectively stiff creditors and allow all who owe to skip free.
For most people, buying a home is the biggest single purchase they ever make. It continues to represent the largest part of their net worth. It is also the most leverage most people ever take on. The risk of loss is very high if you have little equity in the home and need to sell it.
The Third Round of Stimulus Checks Helped, but Millions of Americans Are Still StrugglingApr 12, 2021 - 11:59:38 PDT
While the number of Americans going hungry and unable to pay their bills fell last month, new data shows that millions are still struggling.
March Deficit Blowout: US Spends 3.5x More Than It Brings In; YTD Deficit Is Biggest EverApr 12, 2021 - 11:56:48 PDT
One thing is certain: the US will never again be able to fund itself using taxation alone, which is now to fund just 50% of the total US budget deficit.
New tax increases proposed by President Joe Biden would kill one million jobs and harm the economy, a new study released by the nation’s largest manufacturing association states.
Treasury Secretary Janet Yellen has proposed that governments around the world require payment of at least a uniform “global minimum corporate tax.” A motivation for Yellen's push for a global minimum corporate tax is fear that the Biden administration’s proposed increase in the US corporate tax will cause some American corporations to flee the US for countries with lower corporate taxes.
Apr 12, 2021 - 10:55:06 PDT
'I see substantial risk that the amount of water being poured in vastly exceeds the size of the bathtub. That could manifest itself, as a much smaller period of excess did during the Vietnam war, in rising inflation and inflation expectations.'
'This is a possible policy mistake in the making. Long taught that monetary policy operates with "long and variable lags," such a sequencing of policy actions would risk a bout of inflation that could prove harder to control and reverse.'
Overseas Gold Purchases Increased More Than Sevenfold to 98.6 Tons Last MonthApr 12, 2021 - 10:34:25 PDT
Gold imports by India surged in March to the highest monthly total in nearly two years as a slump in prices stoked demand for jewelry during the ongoing wedding season. Overseas purchases increased more than sevenfold to 98.6 tons last month from 13 tons a year earlier, according to a person familiar with the data, who asked not to be identified...
President Xi Jinping is confronting the Biden administration with a new world view, that Beijing’s decades of not challenging the U.S. as the global leader are over; “no room for compromise” on Taiwan.
The Biden administration is stepping up scrutiny of China’s plans for a digital yuan, with some officials concerned the move could kick off a long-term bid to topple the dollar as the world’s dominant reserve currency, according to people familiar with the matter.Now that China’s digital-currency efforts are gathering momentum, officials at the Treasury, State...
GOP Warns Biden’s $2.7t Infrastructure Plan Will Ultimately Crush AmericansApr 12, 2021 - 09:52:58 PDT
They called the rest of the bill a "wish list of non-infrastructure spending" on failed Obama-era policy proposals and Democratic pet projects with no "accountability or transparency."
CEO of a Top Bitcoin Exchange Warns a Crackdown on Cryptocurrencies May Be ComingApr 12, 2021 - 09:44:41 PDT
Jesse Powell, CEO of bitcoin exchange Kraken, said there "could be some crackdown" on cryptocurrencies.
The March jobs report showed a whopping 916,000 new jobs. Interestingly, there were some anomalies in the data and millions missing from the official count.