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The intricate dance of economic indicators has unveiled a story of shifting tides in residential construction spending, mortgages, and job cuts. Let’s delve into the latest data and decipher the narrative. As the residential construction spending spotlight dims, a critical …
The fusion of the stock market with the crypto market is now complete. Bitcoin is 90% correlated with Nvidia. It's a $4 trillion financial weapon of mass destruction. Sponsored by artificial intelligence. Which is now rampant. And also in computers. …
In a chilling turn of events, Germany’s Deutsche Pfandbriefbank AG has sounded the alarm, declaring the current state of affairs as the “greatest real estate crisis since the financial crisis.” The contagion that started in the troubled US commercial property …
(Bloomberg) — Federal Reserve Chair Jerome Powell will appear on CBS News’s 60 Minutes this Sunday and will discuss inflation risks, expected rate cuts and the banking system, among other topics, the network said. CBS announced his appearance on the …
China has overtaken India as the world’s number 1 consumer of gold jewellery. China understands the era of gold very well. — Gold Telegraph ⚡ (@GoldTelegraph_) February 3, 2024 China’s gold rush: world-leading jewellery surge shows how other investments have …
Recent revelations suggest unconventional practices within the Federal Aviation Administration (FAA), where students associated with the Black Caucus of Federal Aviation Employees were allegedly given secret code words for their resumes. This practice aimed to fast-track their applications to the …
Good Morning Everyone! US companies added fewer jobs than forecast in January, according to the ADP jobs report. Private payrolls increased 107,000 in January from a downwardly revised 158,000 (was 164,000) gain in December. Nominal wage also growth continued to …
The Dallas Federal Reserve’s somber report reveals a slight contraction in the service sector in January. Retail, in particular, nosedives with the fastest sales drop since April ’20, casting a shadow on the overall health of the economy. The modest …
The probability of an outright contraction keeps getting higher and higher with each successive release. Ford projecting a *30%* decrease in commercial chassis orders: What this means: If you're ordering fewer chassis, you're likely producing fewer vehicles. But 30% is …
Recent indicators suggest a potential shift as M2 money supply contracts sharply. While inflation has been the norm in recent years, notable declines in asset prices, such as a 25% drop in used car prices and a 50% decrease in …
The Federal Reserve finds itself in a bind, hesitant to acknowledge potential rate cuts in March due to concerns about the draining of reverse repo and the looming reserve constraint for small banks. The housing market, a reliable barometer of …
The US high-yield bond market is currently facing its swiftest sell-off since March, triggering concerns reminiscent of worries about a banking-market collapse. Spreads in this market have widened by almost half a percentage point since December 28, marking the fastest …
The intricate dance of Japan’s economic landscape unfolds as the weak yen propels a robust equity rally, fueled by foreign demand in 2023. However, a notable twist in the narrative emerges as asset managers, for the first time since May, …
In a surprising development, CITIGROUP has decided to exit the distressed-debt trading business, sending shockwaves through financial markets. This move is not just a business decision; it’s a signal that the economy might be entering a distressed cycle. Several indicators …
With gold setting the stage for a significant move, 2024 is likely to be the year for precious metals. Investors remain gun-shy about deploying capital into the mining industry, which is poised to be one of the best segments of the …
via DAVID JENSEN: On December 13, 2023 the Fed U-turned from a staunch inflation fighting policy stance two weeks prior to signaling that it was preparing for rate cuts. This raised the question of what could have changed in two …
Ann Carlson’s unexpected departure as acting administrator for NHTSA raises questions about the continuity of EV regulations. While the DOT cites the Vacancies Reform Act as the reason, her role in shaping regulations to promote electric vehicle usage makes this …
Geert Wilders has begun the process of halting the fake refugee invasion into the Netherlands. Next step, mass deportations. https://t.co/ihwU64OWzZ — Wall Street Mav (@WallStreetMav) December 15, 2023
by Chris Black Last Friday the Secured Overnight Financing Rate (SOFR), a repo rate serving as the Fed’s new target reference rate , jumped 6 basis points (6 bps, 0.06) to above the Fed’s target range… Continue reading by subscribing. …
Despite a decline in the value of the Japanese yen, the Producer Price Index (PPI) in Japan continues to indicate a deflationary trend. In other words, the prices that producers receive for their goods and services are still experiencing a …
The financial landscape is in tumult as repo rates soar, with banks heavily borrowing to address liquidity concerns and a looming specter of potential economic deflation. Adding to the complexity, Chinese banks have entered the scene, issuing an extraordinary volume …
In the last 120 years, when a country’s debt got really high, 98% of them ended up not being able to pay it back. Ken Griffin says the government can avoid this by printing more money, but it would mess …
The dwindling demand for oil-based lubricants, reaching its lowest point in over four decades, is a stark indicator of the challenges facing the manufacturing sector in the United States. This decline in demand is far from indicative of a ‘soft …
Corporate bankruptcies in the U.S. have surged by 30% over the past year, signaling the end of the easy money era and a sobering wake-up call for companies. Good Morning Everyone! Corporate bankruptcies in the U.S. rose by +30% over …
The recent change in Jerome Powell’s approach is indeed noteworthy. Having refrained from criticizing Congress during the extensive $6 trillion COVID spending period, his newfound willingness to do so suggests a shift in tone and approach. 5 years late, Jerome …
from Joseph Brown: The Reverse Repo facility has seen $1 trillion drain out in just the last 6 months What happens when it runs out? Its important to remember what this account is for, and where this money came from …
by confoundedinterest17 So much for The Federal Reserve raising rates until it gets inflation to 2%. Yesterday, the left their target rate unchanged. But yesterday, The Fed released their dot project showing their target rate is expected to decline in …
The 10-year Treasury yield has been rising aggressively on the back of stronger-than-expected economic data This is a major headwind for equities pic.twitter.com/C0Xc2ZAf8x — Bravos Research (@bravosresearch) August 14, 2023 https://twitter.com/WinfieldSmart/status/1691087531813515264 #Bonds are starting to look bad… US Treasury term …
