Stagflationary pressures are building in the US manufacturing sector. Powell: “Energy hasn’t even peaked yet, and we’d want to see the backside of that and progress on tariffs before we even thought about reducing rates”

ISM manufacturing prices paid index spiked to 84.6 points in April, a 4-year high. Over the last 3 months, prices paid have SKYROCKETED over 20 points, marking one of the biggest spikes in history. Meanwhile, the employment index dropped to 46.4 points, the lowest level in 2026. Employment has now …

READ MORE

Why Top Investors Are Drastically Reducing Dollar Exposure

By Peter Reagan As a general rule, I don’t recommend blindly following institutional investors. After all, their incentives are different from yours. They manage quarterly performance pressure. They answer to boards and beneficiaries. They navigate regulatory frameworks most of us never think about. But I also don’t ignore them. When pension funds, sovereign wealth …

READ MORE

BRICS Pay card demo hints at broader ambitions; Kazan summit to discuss reducing dollar reliance.

The BRICS Pay card demo was recently showcased at the BRICS working groups meeting at the World Trade Center in Moscow, marking a significant step towards creating an alternative payment system. The card, pre-loaded with 500 rubles, is already functional for purchases at select locations within the center. This demo …

READ MORE

The rate cut boosts bank profits but fails to lower mortgage rates, while the US 30-year and 3-month yield spread edges up.

https://twitter.com/RJRCapital/status/1836734007062470665 US 30 Yr minus the 3-month pic.twitter.com/f1UqwiYV2Z — Michael J. Kramer (@MichaelMOTTCM) September 19, 2024 https://twitter.com/RJRCapital/status/1836735432463102043 hedge funds starting to hedge with short bonds ETFs Macro furus long bonds in shambles — Alessio (@AlessioTMAD) September 19, 2024 Cuts ✂️ & Returns 📉 📈 pic.twitter.com/x4wS2qdlNp — Win Smart, CFA (@WinfieldSmart) …

READ MORE

Small Businesses Reducing Workers for the Last Four Months

by Mike Shedlock ADP data shows small businesses with 1-49 workers have been reducing workers for four months. Those with 20-49 workers have shed workers for 7 straight months. The ADP Employment Report shows the economy added 99,000 jobs in August. That is a considerable slowdown. Importantly, a breakdown of jobs by …

READ MORE

Apple expected orders to jump by 10%. And let me guess, in two months they’ll be reducing them. Every. Single. Year.

Apple expected orders to jump by 10%. And let me guess, in two months they'll be reducing them. Every. Single. Year. https://t.co/cSOUi8xfDj pic.twitter.com/hnieKIiIuj — Kakashii (@kakashiii111) July 10, 2024 $AAPL rallying on a Bloomberg report that it "expects" a 10% jump in iPhone shipments in the second half of 2024. …

READ MORE

Costco to offer Fat reducing drugs

ostco, the membership warehouse club known for its $1.50 hot dogs and $2,000 gold bars, is now offering its members prescriptions to Ozempic, Wegovy, and other weight loss drugs. Starting Tuesday, U.S. Costco members will be able to get prescriptions for these highly-sought after medications through the company’s health care …

READ MORE

The West is intentionally reducing energy, increasing unemployment, and increasing food costs.

🔊 … 🚨🚨🚨 Senator Matt Canavan explains why net zero will result in massive unemployment and much more expensive food. Our food production requires fossil fuels. Meat/dairy products are becoming unaffordable already due to net zero. China, Russia and India reap the… pic.twitter.com/NdtlHOfumu — Wall Street Mav (@WallStreetMav) September 11, …

READ MORE

High interest rates drive people to money market funds, reducing banks’ lending capacity and increasing caution

People are moving money from banks to money market funds due to high interest rates This means banks will have less money to lend and they will be more careful with who they lend to pic.twitter.com/jmdzNAqR56 — Bravos Research (@bravosresearch) August 4, 2023 Capital Economics predicts 40% decline in commercial …

READ MORE