A hub for independent voices and hard truths
Been saying this for several months now. The Fed didn't finish the job. They got spooked in late October (along with Treasury) about the rise in yields and term premiums and thus orchestrated a significant loosening of financial conditions to help the US govt finance its… https://t.co/5lMScZGtDD — Craig Shapiro …
2/2 Comparison of GDP per capita between Slovakia which joined Eurozone in 2009 and Poland which did not adopt Euro. Any comments? Chart @Pekao_Analizy pic.twitter.com/bnHBuZNyum — Michael A. Arouet (@MichaelAArouet) February 7, 2024
In a surprising turn of events, UK inflation has accelerated for the first time since February of the previous year, according to official data released by the Office for National Statistics on Wednesday. Consumer prices in December rose by 4% compared to the same period a year ago, surpassing the …
via schiffgold: Bills filed in Florida and Oklahoma for the 2024 legislative session would create state precious metals bullion depositories. State-run bullion depositories would not only create a place to store precious metals; they could also encourage the use of sound money in those states and set the stage to …
via creditbubblebulletin: ….I know the “soft landing” and “immaculate disinflation” narrative has become conventional wisdom. It’s widely believed these days that there is no price to pay for years of monetary and speculative excess, for deeply flawed monetary management, and for fiscal recklessness. That structural maladjustment is a nonissue. I …
Japan faces a significant economic shift as bankers grapple with the challenge of learning to raise rates, prompted by a back-to-back wage bonanza. The move is seen as opening the door for a potential exit from the ultra-loose monetary policy by the Bank of Japan (BOJ), with Pimco already positioning …
Japan’s state pension fund, the world’s largest, just reported a staggering $4.5 billion loss for the quarter. The financial situation in Japan is growing increasingly precarious, and the market is feeling the heat as the 10-year breakeven rises, putting significant pressure on the yen. To combat the surging inflation, Japan …
https://twitter.com/NorthmanTrader/status/1699771572180090967 China dumping its US Treasuries while converting Yellen Bux into gold doesn’t bode well for the dollar’s long run as the world’s reserve currency Estimated Chinese Official Gold Reserves Cross 5,000 Tonnes via Gainesville Coins: My estimate for China’s official gold reserves reached 5,029 tonnes by the end of …
So many economies around the world are in completely opposite situations. Some central banks are cutting rates, some are pausing, and others are hiking. The next few months are going to be really interesting. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August …
by Dismal-Jellyfish https://www.fitchratings.com/research/banks/further-cut-to-us-bank-oper-environment-score-would-require-structural-change-17-08-2023 Fitch Ratings-New York-17 August 2023: Fitch Ratings lowered the operating environment (OE) score for U.S. banks in June to ‘aa-‘ from ‘aa’ mainly due to structural uncertainty around the path and rate of monetary tightening and gaps in in the regulatory framework. The lowering of the OE score did …
by confoundedinterest17 Well, its now August 2023 and US Industrial Production for July increased … to 2007 levels. This comes after the massive spending out of Washington DC and massive Federal Rerserve stimulus. Is that all there is?? US Industrial Production is DOWN -0.23% YoY while up slightly in MoM …
https://twitter.com/NorthmanTrader/status/1691133559824699395 https://twitter.com/NorthmanTrader/status/1691142197314207744 Most recently, the Fed said they no longer expect a recession. JP Morgan agreed with them. Can the Fed really achieve a soft landing with 7%+ mortgages, $1 trillion in credit card debt and soaring bankruptcies? Follow us @KobeissiLetter for real time analysis as this develops. — The …
Perfect for who? Oh wait I know 👇 pic.twitter.com/pwSqCLIvL5 — Mr. D (@Dalernaz) August 1, 2023 Good Morning Everyone! Fitch just gave the U.S. a credit rating haircut – from AAA to AA+! They point to “expected fiscal deterioration over the next three years”. They also highlight the rising government …
by confoundedinterest17 The wheels are coming off the Bidenomics recovery. US job openings (JOLTS) keep declining as The Fed withdraws its Covid sugar splash of monetary stimulus and raise The Fed’s target rate. For those enthralled by the narrative that AI will cause a margin-busting corporate revolution as millions of …
Following the COVID era, we have entered a period of fiscal dominance among major developed economies. Hence, the escalating debt burden is already near historical levels and compounding at an alarming pace. — Otavio (Tavi) Costa (@TaviCosta) July 22, 2023 Quantitative tightening policies are the central banks' own version of …
Interest rates are at levels comparable to that seen during the Financial Crisis Tight monetary policy is going to be a major headwind for the economy in H2 2023 pic.twitter.com/i7eXcI5Lxf — Bravos Research (@bravosresearch) July 12, 2023 This is the first S&P 500 new (52 week) high that is not …
by Dismal-Jellyfish https://www.rbnz.govt.nz/hub/news/2023/07/official-cash-rate-remains-on-hold Highlights: The RBNZ has decided to keep the Official Cash Rate (OCR) at 5.50%. Remember, this is the rate of interest which the RBNZ charges on overnight loans to commercial banks. The RBNZ expects the OCR to remain at this level for a while to ensure inflation …
Everyone should enjoy the relatively quiet 🤫 🗓️ period as the @federalreserve lag #interesteate hike effects take hold — while at the same time also respecting the fact that there is a lag, as we’ve likely (yet) to see the full effects of monetary tightening rise to the… https://t.co/gxyTYcu4bq — …
“Back in 2017 when the Fed Balance sheet was $4.5 trillion … this was their forecast going forward, shrinking the balance sheet to $2 trillion by 2022. Instead we are at $8.3 trillion today. With the US govt running deficits over $2 trillion and a recession coming, we are going …
Musk, Zuckerberg Lead a $852 Billion Surge Among World’s Richest People “The world’s 500 richest people added $852 billion to their fortunes in the first half of 2023. Each member of the Bloomberg Billionaires Index made an average of $14 million per day over the past six months, according to …
via Gloom Boom Doom: Monthly Market Commentary: July 1, 2023 America Still Leads But Its Allies Are Uneasy, is the title of a recent Bloomberg opinion piece by Niall Ferguson. I have some reservations about Ferguson as an historian but to be fair to him, he is extremely knowledgeable and …
My banker just said they are doing tons of home equity loans. It's mostly to pay off the 20% credit cards with 8 to 10% home equity loans. Ask yourself if it's going to actually change the spending habits of people? Getting scary out here….. — ChatSOB (@TheSOBofAIChat) June 30, …
Tight monetary policy has significantly deteriorated the housing market % of houses featuring price cuts reached record levels in 2022 Even though the % has reduced since, it's still historically very elevated pic.twitter.com/lnrApBVay0 — Bravos Research (@bravosresearch) June 29, 2023 Stronger than expected GDP. Rate hike odds now 90%, market's …
by TheReignOfChaos Raise interest rates so the ‘sensible’ investment decision is to hold cash; why would they invest in assets and risk a market crash when cash is returning 5, 6, 7%? Meanwhile, buy assets as the currency inflates. Finally destroy the currency, leaving everyone holding money destitute. Force everyone …
The United States needs to have a greater leadership role in the International Monetary Fund (IMF) and other international financial institutions to support impoverished countries and limit China’s influence, says Treasury Secretary Janet Yellen. Yellen appeared before the House Financial Services Committee, defending a proposal to bolster the government’s participation …
by BoatSurfer600 The unprecedented pace of monetary tightening by the world’s largest central banks in the West has led to some unintended consequences globally. Countries that face the twin problems of “higher current account deficit” and “low foreign reserves” have seen their currencies tumble. Source: Sagar Singh linked in
Authored by James Rickards via DailyReckoning.com, On Aug. 22, about 2½ months from today, the most significant development in international finance since 1971 will be unveiled. It involves the rollout of a major new currency that could weaken the role of the dollar in global payments and ultimately displace the …
From commercial loans to the corporate bond market. Things look fragile. The "experts" tell us it's nothing like 2009 yet they said we had nothing to worry about back then either. I think things are going to get messy. — Jason Stapleton ☕️ ✍🏼 🎙️ (@Jason_Stapleton) June 2, 2023 Default …