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Real-time market analysis with charts, signals, and coverage of key financial and geopolitical developments.
by confoundedinterest17 Sweet Home Chicago? After the unexpected resurgence in April, Chicago PMI plunged in May from 48.6 to 40.4 (against expectations of 47.3). That is the ninth straight month below 50 (in contraction)… Source: Bloomberg That is the longest streak of prints in ‘contraction’ since the Great Financial Crisis. …
Guest Post by Simon Black from Sovereign Man: Paris. Such a romantic city. Sip cafe at a sidewalk bistro, while you take in the wafting smell of burning rubber from the street fires. Take a picture with the Eiffel Tower, as you dodge incoming tear-gas canisters. Enjoy the ambiance as …
Guest Post by Adam Hamilton at Zeal LLC: The gold miners’ stocks are soaring again, just blasting to new upleg highs this week! They are following their metal higher and amplifying its gains like usual. Yet despite their dramatic surges in recent weeks, both gold and gold stocks have lots …
Guest Post by Ryan McMaken, Editor of the Mises Wire at Mises.org: Last week, Fox News aired a segment discussing the possibility that the US dollar will cease to be the global reserve currency and what that would mean for Americans. The tone of the piece suggested that a “catastrophic” decline of …
Guest Post by Peter C. Earle at the American Institute for Economic Research: Last week, China and Brazil reached an agreement to settle trades in one anothers’ currencies. Over the past 15 years, China has replaced the United States as the main trading partner of resource-rich Brazil, and as such …
Guest Post by Jordan Roy-Byrne at thedailygold.com: Gold is on the cusp of a major breakout from its super-bullish cup and handle pattern. The measured upside target is $3000/oz, and the log target is roughly $4000/oz. These targets may sound extreme, but breakouts from multi-decade bases are rare but very …
Guest Post by Nick Giamburno at International Man: It’s been rightly said that “he who holds the gold makes the rules.” After World War 2, the US had the largest gold reserves in the world, by far. Along with winning the war, this let the US reconstruct the global …
Guest Post by Charles Hugh Smith at Oftwominds.com: This is how we’ll end up with severe shortages of truly skilled labor and high unemployment of those who lack the necessary skills. The labor force and the job market are referred to as if they were monolithic structures. But they’re not monolithic, they are complex …
Guest Post by Richard Mills from Aheadoftheherd.com: Earlier, we listed the various reasons why the US dollar is headed lower. But this doesn’t mean all safe-haven assets are in for a reality check. In fact, this might be an opportune time to invest in precious metals, in particular gold and silver, …
Guest Post by Michael Maharrey at SchiffGold.com: Could the commercial real estate market be the next thing to break in this bubble economy? The rampant money creation and zero percent interest rates during the COVID pandemic on top of three rounds of quantitative easing and more than a decade of artificially low …
55 Trillion in garbage derivatives + 16:1 naked short in Silver and 4:1 naked short Gold + 2-Week Jim Cramer Effect = DOOM! JP Morgan is a fortress — Jim Cramer (@jimcramer) March 10, 2023 Closer to 50 Trillion at the end of last year. https://www.usbanklocations.com/bank-rank/derivatives.html AC
via NYPOST: Bill Ackman in a tweet on Friday said Bank of America is going to acquire Signature Bank on Monday, without citing the source of the information. “I am hearing that @BankofAmerica is going to buy Signature Bank on Monday. Unless and until we can protect uninsured deposits, the cost of capital is going …
by Dismal-Jellyfish It gets even more interesting! 1 year ago: 3/16: 18,073.5395 Billion. High was hit 4/13/2022: 18,130.6814 Billion. Over half a trillion in deposits pulled in the last year! Board of Governors of the Federal Reserve System (US), Deposits, All Commercial Banks [DPSACBW027SBOG], retrieved from FRED, Federal Reserve Bank …
by recklessSPY The Fed was on track to keep raising rates to stop inflation. Unemployment still hot and retail still spending. No reason to abate – maintain rates. Some banks f’d up and didn’t hedge their interest rate risk. Runs on regional banks showed how fragile the system is. Fed …
Top Chart: Over the past +50 years, the inversions of the 50 day SMA of the 10 year treasury rates minus the 50 day SMA of the 3 month treasury rates have all preceded the start of a U.S. recession (there have been no false indicators or exceptions to …
Total deposits across all banks are much higher now, $17.6t now vs $6.7t in 2008. https://wolfstreet.com/2023/03/16/fed-loaned-160-billion-to-banks-and-142-billion-to-fdic-but-qt-related-roll-off-continued/ In 2008 banks had trouble because they were holding lots of mortgages and MBSs and their value went down a lot, losing them ton of money, forcing liquidation. In 2022, old TBills value went …
The bond market is showing the most fear outside of the 2008 crisis. Equity and currency volatility are at much lower levels, while the MOVE gauge of Treasuries volatility is at its highest level since 2011. This suggests that investors are becoming increasingly worried about the possibility of a sharp …
via justice.gov: Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, March 9, 2023 Former Wall Street Precious Metal Traders Sentenced for Wire Fraud Two former Wall Street traders were each sentenced today to one year and one day in prison for engaging in a multi-year fraud scheme …
I was gonna put some into the CD. 3.75 apr. Just today they pulled that offer from the website. This is not looking good folks. AC
by BoatSurfer600
via economist: Not long ago trading in American stock options was limited mainly to professional investors. Options are contracts that provide the right to buy or sell a security at a specified price over a fixed time period. They can deliver big payouts if a stock moves in the desired direction, …
Your California Privacy Rights & Do Not Sell My Personal Information The California Consumer Privacy Act (CCPA), also known as AB-375, provides California residents with the following rights (the following is copied from leginfo.legislature.ca.gov/): The right of Californians to know what personal information is being collected about them; The right of …
Egg prices are exploding in the United States as the food supply chain crisis spirals out of control. A new Bloomberg report exposed that food costs are rising uncontrollably all across America, reaching the highest level since May 1979.A few years back, American consumers could actually fill up an entire …
Inflation is still not over yet, despite lower a lower CPI report, according to Nathan Lewis, editor of the Polaris Letter.
View post on imgur.com https://nypost.com/2022/08/14/trump-calls-for-fbi-seized-documents-to-be-returned/ Former President Donald Trump on Sunday called for the Justice Department to return the reams of documents FBI agents seized at his Mar-a-Lago resort last week, pointing to a report that said the information was covered by attorney-client or executive privilege. “Oh great! It has …