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The Kremlin’s top diplomat has warned that Western involvement in Ukraine is nearing "the point of no return," accusing the United States and the NATO bloc of attempting to transform the country into a "Russophobic military stronghold." Meanwhile, Moscow’s UN envoy declared that all of Russia’s "red lines" have already been crossed.
Consider all of this, then, a signature of America in our time. Under the guise of turning the century around, we underwrite violence in faraway lands and thereby dodge the actual challenges of changing our own culture. Unfortunately, when it comes to rehabilitating our own democracy, all the Abrams tanks in the world won’t save us.
Elon Musk Insists He’s Restricting Ukraine’s Access to Starlink Because Zelensky Could Start WWI IIIFeb 16, 2023 - 07:31:39 PST
The billionaire says he won’t allow Ukraine to launch long-range drones using SpaceX to hit targets in Russia.
A 2022 survey of risk experts at the insurance company AXA and other larger firms paints a pessimistic picture of the where the current geopolitical situation could be leading us.
Global liquidity conditions remain the tightest they have been for several decades, continuing to pose a formidable headwind for risk assets.
Feb 16, 2023 - 07:02:29 PST
The Wall Street Journal reports Lael Brainard’s Fed Departure Could Leave Immediate Imprint on Inflation Fight...
Total Number Of Americans Claiming Jobless Benefits Hovers Near One-Year HighsFeb 16, 2023 - 07:01:24 PST
While initial jobless claims continues to ignore the mass layoff announcements (due to severance etc for example), continuing claims ticked up modestly last week to 1.696mm Americans...
That said, considering how erratic all the various regional Feds have been in recent months, it’s becoming next to impossible hard to put any faith in any of these surveys.
Gold prices edged higher due to a slight pullback in the dollar and bond yields, although gains were kept in check by evidence of a resilient U.S. economy.
Barrick Gold Corp.’s top executive says inflation is going to be sticking around to hobble the mining industry for a while longer.
Producer Prices Surge More Than Expected In January As Gas Prices ReboundFeb 16, 2023 - 05:50:40 PST
After hotter than expected consumer price inflation, consensus estimates are for a notable rebound in producer prices in January after a big surprise 0.4% decline MoM in December. In fact, like CPI, PPI came in hotter than expected, up 0.7% MoM, which pushed the YoY rise to +6.0% (down from +6.5% in December)... This is not good news for Mr.Powell at all.
Has the housing market 'suffered enough pain' yet for Powell to back off?
US companies are set to continue spinning off business units this year in a push to boost margins and increase shareholder value, according to strategists at Goldman Sachs Group Inc.
Credit Suisse Group AG is exiting distressed debt and special-situations trading, as part of its broader exit from risky and capital-intensive businesses.
A $2 trillion swathe of China’s local bond market is approaching a risky inflection point as issuers struggle to refinance maturing debt.
US mortgage rates surged last week by the most in four months, reaffirming a retrenchment in housing demand that’s struggling for momentum.
The nonpartisan budget office also said that if tax receipts fall short of projections, and Congress fails to act on the debt limit, the U.S. could run out of cash before July.
Locked out of debt markets and facing significantly higher borrowing costs, executives at troubled companies are looking for help in an almost dormant corner of Wall Street.
A year ago the European Central Bank struggled to explain why it was not lifting interest rates even as inflation rose. Yet, the ECB has already promised another large rate hike in March and policymakers are also hinting at a move in May, pushing up mortgage costs, thwarting corporate investment and raising governments' debt burden just as consumers feel their first price relief...
The explosive rise of short-dated options is creating event risk on the scale of the stock market’s early-2018 volatility implosion, according to JPMorgan Chase & Co.’s Marko Kolanovic.