Independent thinking for complex markets and current events
Investing.com– Gold prices hit record highs in Asian trade on Tuesday, extending a recent run of gains amid persistent optimism over U.S. interest rate cuts, with focus turning to more upcoming cues this week. Among industrial metals, copper prices rose sharply after the Chinese government announced a barrage of stimulus measures, raising hopes of an …
(Sept 24): Gold prices surged to a record high on Tuesday as a cocktail of factors, from hopes of further US rate cuts and China stimulus measures to elevated Middle East tensions, lifted demand. Spot gold steadied at US$2,628.63 per ounce as of 0903 GMT after hitting a record high of US$2,639.95 earlier in the …
Wow! #China just went all in on #stimulus, sending Chinese stocks 4% higher. China’s central bank: – Lowered policy #interestrates and signaled more cuts are coming. – Cut rates on over USD 5 trillion in #mortgages. – Eased rules for second-home purchases. – Lowered the required reserve ratio for banks, freeing up fresh #liquidity – …
The world’s second-largest economy has remained under pressure from a real estate slump and tepid consumer confidence. “We believe the risk that China will miss the ‘around 5%’ full-year GDP growth target is on the rise, and thus the urgency for more demand-side easing measures is also increasing,” Goldman Sachs analysts said in a report. …
It's hard to understate just how unprecedented the scale of US fiscal stimulus is at the moment. Not only is the deficit massive for a non-crisis period, but its financing is almost entirely via very short-term issuance, which has never been the case before in a non-crisis time. pic.twitter.com/3mQWWPb7ds — Robin Brooks (@robin_j_brooks) May 30, …
You can see the obvious impact of employment on casino gambling revenue in our casino gaming revenue index currently being constructed. pic.twitter.com/79rBybz3Vl — Don Johnson (@DonMiami3) May 20, 2024
The Federal Reserve ran an operating loss of $114.3 billion last year, its largest ever, a consequence of its campaign to aggressively support the economy in 2020 and 2021, then jacking up interest rates to combat high inflation. The losses added to already large federal deficits that have required bigger auctions of Treasury debt. The …
Even with $9t in stimulus, MASSIVE welfare programs for homeowners to avoid foreclosure, 3 years of not having to pay any bills (including your mortgage) Foreclosures have already returned to 2005 levels. Terrifying pic.twitter.com/8ggF7WShPG — Darth Powell (@VladTheInflator) October 19, 2023
by confoundedinterest17 Bidenflation, a name for the combination of reckless Federal spending and excess monetary stimulus related to Covid, is still causing severe pain for the middle class. The massive Federal spending splurge is still working its way through the economy and causing distortions, like surging new home sales despite higher mortgage rates. Some background …
With each passing crisis, the scale of economic interventions grows, yet the challenge of maintaining real incomes in the face of eroding purchasing power remains. Reflecting on the past 40 years, it becomes clear that inflation’s compounding impact may lead to even more significant price increases in the future, highlighting the evolving nature of financial …
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 28, 2023 Eurozone credit growth …
Lockdowns are coming. Be mentally prepared to own nothing, have nothing and be happy. https://t.co/qR9gSAHaPu pic.twitter.com/wKUzV0ZCU6 — Financelot (@FinanceLancelot) August 25, 2023 YAHOO: “Biden’s plot to send America back into lockdown must be stopped” Funny to see this on Yahoo of all places. Of course, it was originally from a UK site, and it is …
China’s Housing Slump Far Worse Than Reported; Half Of State-Owned Builders Warn Of “Widespread” Losses Earlier today, Goldman’s head of hedge fund sales Tony Pasquariello observed that “to this point in the sequence, I’d argue the slowdown in China had been a net positive for US equities — with specific regard to the disinflationary impulse and the flow …
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 terms. As I said a …
by confoundedinterest17 Yes, there is a Dark Side to Federal stimulus! And it isn’t Dark Side of the Moon, but the dark side of who benefits from Federal stimulus. Its all about money. Example? Take Checkable Deposits of the to 1% (blue line) of wealth compared to the bottom 50% of wealth (red line) after The Fed …
by confoundedinterest17 Bidenomics, the term for “Government Gone Wild! in terms of spending and EPA regulations, is a disaster for the US middle class and low wage workers. Even the 1% are now hurting if bought into Biden’s green lunacy. Ford is now down -48% since January 14, 2022 as The Fed started raising rates …
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 well-paid, middle-management employees are replaced …
https://twitter.com/senorceecee/status/1685890429009747968 Retirement Confidence Among Americans Has Hit An All-Time Low – ProfessPost According to a recent research released this week, there was a significant decline in the percentage of Americans who believe they will be financially prepared for a comfortable retirement. Credit : BlackRock According to BlackRock’s findings, the percentage of people feeling on track for retirement …
by confoundedinterest17 The Case-Shiller home price numbers are out for May. The national home price index is down -0.46% YoY as The Fed slows M2 Money growth into negative growth territory. No doubt Biden (and Karine Jean-Pierre) will take credit for slowing home price growth, although The Federal Reserve slowing monetary stimulus is mostly responsible. …
by confoundedinterest17 Thanks to The Federal Reserve, office property values have gone crazy despite rising vacancy rates. US office space vacancies (white line) have soared since 2008 as The Fed’s massive monetary expansion (blue and green line) has not helped. But Fed monetary expansion DID help drive office prices! At least until 2022, when office space …
by Cautious_Kamakazi It is worth noting that despite deflation worsening, China's #credit impulse is declining again, showing a #TIGHTENING of #monetary conditions. Many investors had hoped that, as usual, Chinese monetary loosening would lead a US recovery. Some hope. – @albertedwards99 pic.twitter.com/qVitUH1xhM — Lance Roberts (@LanceRoberts) July 20, 2023 During the 2008 Global Financial Crisis, …
Doubling support for war-torn Ukraine is the “single best thing” to help the global economy. Source: US Treasury Secretary Janet Yellen said on Sunday, 16 July, speaking on the sidelines of the G20 Finance Ministers’ Summit in India, as reported by European Pravda, citing AFP. Details: Yellen said a “key priority” is to “redouble our …