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We suspect things are about to accelerate rather notably in claims data as layoffs have very recently started to accelerate dramatically...
Consumer price inflation accelerated to a four-decade high, adding pressure on the Bank of Canada to deliver more aggressive interest rate hikes in coming weeks.
Inflation and Recession Dominate Outlook, Increase Risk of Accidents: PIMCOJun 23, 2022 - 05:38:24 PDT
Central banks' focus on fighting persistently high inflation could lead to a recession over the next two years and raise the risk of 'financial accidents', U.S. investment firm PIMCO said on Wednesday. Rising prices have dominated the global financial markets this year, pushing central banks to increase interest rates to contain demand. But uncertainty around the pace of tighter...
The last time the housing market suffered a major meltdown in 2006, it took the entire U.S. economy with it. But history never follows the exact same script twice.
Deutsche Bank AG’s chief executive officer warned the global economy may be headed for a recession as central banks step up efforts to curb inflation, joining a growing chorus of executives and policy makers who are painting a pessimistic picture.
Investment bankers in the US and Europe are bracing for potentially billions of dollars in total losses on big-ticket leveraged buyouts as they struggle to offload risky corporate debt that’s plunging in value amid a sweeping market selloff.
Govt Panel Member Says BOJ’s Yield Cap Causing ‘Negative Spiral’ of Yen FallsJun 23, 2022 - 05:30:31 PDT
The Bank of Japan's resolve to keep borrowing costs ultra-low is causing a "negative spiral" of yen weakness that highlights the need to tweak its yield cap policy, said Yuri Okina, a member of a key government panel, adding to criticism of the BOJ's policy. BOJ Governor Haruhiko Kuroda has vowed to defend the bank's 0.25% cap for the 10-year Japanese government bond (JGB)...
\Ray Dalio’s Bridgewater Associates has built a $10.5 billion bet against European companies, almost doubling its wager in the past week to its most bearish stance against the region’s stocks in two years.
Government bonds extended a global rally as swirling concern that Federal Reserve interest-rate hikes will push the US into recession sent investors scurrying for the safety of sovereign debt.
The S&P 500 Index is poised for its worst first half since Richard Nixon’s presidency as red-hot inflation and Federal Reserve interest-rate hikes batter stocks.
U.S. stock futures crept higher early Thursday ahead of weekly employment data and Federal Reserve Chair Jerome Powell’s second day of testimony on Capitol Hill.
The Federal Reserve recently delivered the largest interest rate hike since 1994 in an effort to combat inflation that turned out to be not so transitory.Economists and policy wonks continue to debate the effectiveness of these rate hikes in the face of historically high inflation, but what do they mean for you? Should you care about rising interest rates?Here are three ways Fed rate hikes will impact your wallet.
After a weak swipe at inflation at its May meeting, the Federal Reserve delivered the biggest rate hike since 1994 at its June FOMC gathering. But is it enough to tackle persistently red-hot inflation?Ron Paul doesn't think so. He notes that the recent rate hikes have only raised rates to the level they were before the pandemic.The Federal Reserve cannot increase rates to anywhere near the level they would be in a free market because doing so would increase interest payments to unsustainable levels for debt-ridden consumers, businesses, and the federal government."
Divers Find ‘Priceless’ Hoard of Gold Coins off Israel’s Mediterranean CoastJun 22, 2022 - 13:11:10 PDT
Record haul of 2,000 coins found in an ancient harbour and belong to era of Fatimid Caliphate which ruled much of the Middle East and North Africa from 909 to 1171...
Jun 22, 2022 - 13:09:34 PDT
Crypto is crashing, equities are sliding, currencies are cratering, but gold is holding steady...
Russia’s government and parliament are seeking to change rules on the sales and management of the state’s precious metal and gem stockpiles amid the war with Ukraine.
Strange how campaign season leads to the usual political drama over taxes. Republicans have learned the hard way that they should never raise them, at least not in ways that are noticeable. They accuse Democrats of plotting secret increases.
US families may have been patient these past months, but they cannot perform miracles. If inflation persists, the trend of real wages and savings will inevitably lead to a slump in demand and a higher recession risk.
The billionaire argues that while the Fed's tightening reduces inflation because it results in consumers spending less, it also takes away their buying power. "The only way to raise living standards over the long term is to raise productivity and central banks don’t do that," he added.
Price pressures build with wholesale prices up most since 1977 Bank of England expects rate to rise above 11% in October...