Precious metals are apparently waking up. And here is where you can find the best deals.
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New data shows that 2023 is shaping up to be the biggest year for Chapter 11 filings in more than a decade.
'Most of the time, when these two plots disagree, copper usually ends up being right about the direction in which both end up heading.'
(Bloomberg) -- Volatile currencies once again wreaked havoc on North American corporate profits in the fourth quarter, underscoring the importance of hedging and risk management for firms that do business overseas.Most Read from BloombergSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsHere’s How Much Wealth You Need to Join the Richest 1% GloballyWall Street Fears $1 Trillion Aftershock From Debt DealSam Zell, Billionaire Real Estate Investor, Dies at 81Mercedes Sets Out
Hike Again? Take a Pause? Fed Officials Are Split About What to Do Next to Fight InflationMay 18, 2023 - 11:57:15 PDT
The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed's policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes beginning in March 2022. Many Fed watchers have expected the central bank's officials to forgo another increase in their benchmark rate when they next meet in mid-June.
US Manufacturers Can’t Shake That Inflation Feeling Even as Supply Snarls EaseMay 18, 2023 - 11:54:53 PDT
When prices go up, it tends to stick," said Prange, who oversees $3 billion worth of purchases of electronic parts, plastics, and metal as the top supply chain manager at Milwaukee Tool, a venerable Wisconsin toolmaker owned by Hong Kong-based Techtronic Industries Co.\
Wall Street appears to be sleeping through Washington’s latest debt ceiling crisis. It should wake up.
Debt Ceiling: Support for 14th Amendment Solution Mounts on Capitol HillMay 18, 2023 - 11:35:35 PDT
The support on Capitol Hill for what was once a fringe legal theory is growing by the hour as the debt ceiling talks head into their final days.
May 18, 2023 - 08:37:05 PDT
Forward rates and forward rate spreads have substantially deteriorated since March. They were already more inverted than at any time in 2007 leading up to 2008. How could they be so much worse in 2023? You have to understand what forward rate spreads are telling us and why.
US Leading Economic Indicators Tumble For 13th Straight Month, "Weaknesses Were Widespread"May 18, 2023 - 08:36:18 PDT
This is the 13th straight monthly decline in the LEI (and 14th month of 16) - the longest streak of declines since 'Lehman' (22 straight months of declines from June 2007 to April 2008)
Breaking: Fed Futures Now Show a 40% Chance of a 25 Bps Rate Hike in June, up From ~5% Last WeekMay 18, 2023 - 08:04:26 PDT
In a week with 14 Fed speakers, expectations are shifting rapidly. Futures now see just a 4% chance of rate cuts beginning in July and 26% chance in September. Fed expectations have rapidly shifted in the hawkish direction. The Fed is not convinced the fight again inflation is over.
And if bonds can’t rally, whether the economy falters in a meaningful way or not, that too could prove problematic for a stock market that appears far out of equilibrium with competing financial assets. In short, it looks like Mr. Market is still in denial over TINA’s passing.
Living in Biden’s economy. The ongoing train wreck is slow motion. US existing home sales tanked -23.16% year-over-year (YoY) as the economy slows and The Fed tightens.…
Not satisfied with the billions in interest they're earning on excess reserves, or the unlimited facilities The Fed opened up with the BTFP to bail out regional banks' losses on their bond portfolios, The Wall Street Journal reports that banks have spent the past week or so testing a cunning plan to push more losses on to the US taxpayer.
Global Debt Nears Record Highs as Rate Hikes Trigger ‘Crisis of Adaptation’May 18, 2023 - 07:03:51 PDT
Global debt grew by $8.3 trillion in the first quarter of 2023 to a near-record high of $305 trillion.
The global financial system is fragile and could collapse anytime due to excessive debt, derivatives, and artificially low-interest rates followed by the insane pace of recent hikes in too short of time.
The current lull in inflation offers the perfect opportunity to take advantage of cheap inflation hedges before price growth starts to accelerate again.
Gold prices inched lower on Thursday as the dollar held firm and optimism over U.S. debt-ceiling talks reduced the metal's safe-haven appeal.
After the prior week's jump in jobless claims (which was later excused by Massachusetts explaining their data was all fraudulent), last week saw initial claims drop notably to 242k (lower than the 251k exp).
May 18, 2023 - 06:05:38 PDT
Discover the factors shaping the US dollar's status, the growing trend of de-dollarization, and what history reveals about its potential future.
U.S. inflation is cooling and the Federal Reserve may pause its interest rate hikes next month. One is that a range of worries - about the U.S. debt ceiling negotiations, the health of banks, and the global economy's outlook - are burnishing the dollar's safe-haven credentials. Meanwhile, there are some signs that the Fed may have to raise rates again,...