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Corporate bonds outstanding >$10T. Primary dealer inventory $33B -not a liquid market. When credit markets quiet & calm, it gives impression liquidity's fine, but if many want to sell, liquidity disappears. Even in quiet markets, finding a bond can take several days @apolloglobal pic.twitter.com/6tx1U6jNH6 — Danielle DiMartino Booth (@DiMartinoBooth) March …
Russia and China announce plan to build shared nuclear reactor on the moon by 2035, ‘without humans.’ Russia’s space agency Roscosmos has announced plans to work with China to build an automated nuclear reactor on the moon by 2035. The proposed reactor will help power a proposed lunar base that …
Table is from December's report. Check out this supplementary table & the Reasons for Default – notice the uptick in both unemployment and NO Contact Those "no contact" are a combo of people who feel embarrassed and investors…these days less people are embarrassed pic.twitter.com/J7Sk7oqYuT — Melody Wright (@m3_melody) March 11, …
BREAKING: ⚡ 🇮🇱Netanyahu to Politico: We will enter Rafah, and the red line for us is not to repeat the October 7 attack We are about to end the last part of the war, and the fighting will not take more than two months and perhaps 6 or 4 weeks …
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 player takes center stage: borrowing. A decline in borrowing echoes …
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. pic.twitter.com/X3bjYwkzVI — Mac10 (@SuburbanDrone) February 28, 2024 Bulls, these central …
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 market is now making waves in Europe, prompting concerns about …
(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 social media platform X on Thursday, the same day that …
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 lost their shine China has overtaken India as the world’s …
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 front of the line. Even more astonishing is the claim …
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 slow. This… pic.twitter.com/lDOZGumoP1 — Genevieve Roch-Decter, CFA (@GRDecter) January 31, …
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 employment gains in non-retail services provide only marginal relief, painting …
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 a big number. Image below is a layoff notice (WARN) …
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 egg prices in 2023, raise questions about deflation risks. Examining …
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 economic trends, is signaling a foreboding outlook for unemployment in …
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 pace of widening since March 16. This sudden development has …
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, express bullish sentiments towards the Japanese yen. This intriguing shift …
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 point to an economic downturn on the horizon. Employment growth …
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 market in the coming year. Silver,… pic.twitter.com/JZaRMU1pLl — Otavio (Tavi) …
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 weeks to cause such a reversal. If we look at …
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 move significant. The memo emphasizes her leadership achievements, including advancements …
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. Username Password Remember Me Forgot Password
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 decrease, despite the currency’s depreciation. This scenario can have implications …
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 of short-term debt at penalty rates, coinciding with unusual activities …
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 up the economy really bad. A simple solution could be …
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 landing,’ and while circumstances may differ this time, historical data …
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 past 12 months. "We're already on track to double …
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 Powell finally admits maybe federal spending is a problem. When …
