via wolfstreet: Food Inflation Raged at 19%. But energy prices plunged. In response, UK government bond yields spiked, pricing in higher BOE policy rates. No one ever seems to expect these nasty surprises that this inflation continues to dish out. …
At its peak in 2022 the Fed’s balance sheet hit a high of $8.9T. Over the last year they got this down to around $8.3T. However since the fallout of SVB, in under a week, the Fed’s balance sheet has …
Against a backdrop of mostly mild weather across the Lower 48, winter unleashed its fury on the West Coast a bit early this season. The frigid temperatures and unusually heavy precipitation have fueled natural gas demand at a time when …
https://www.msn.com/en-us/money/realesta…880a3a64f4 At a time when rising gasoline and food prices are already straining Americans’ budgets, many apartment tenants are grappling with soaring rents. The Miami-Fort Lauderdale-West Palm Beach metropolitan area in Florida saw overall median rent soar over 50% in …
New York (CNN Business)In the last few months, Yumekia Jones, a legal assistant at the Mississippi Center for Justice’s Indianola office, has fielded an unusually high number of calls — a roughly 400% spike — from people in dire need …
Democrats are growing increasingly concerned that a spike in ObamaCare premiums could hit this fall right before the midterm elections. The party is already facing major headwinds from inflation and President Biden’s lagging approval ratings, and a health care premium …
The war in Ukraine is set to cause the “largest commodity shock” since the 1970s, the World Bank has warned. In a new forecast, it said disruption caused by the conflict would contribute to huge price rises for goods ranging …
by David Brady via Sprott Money Today, we got the latest CPI numbers, and they were explosive. Headline expectations were for a 7.3% increase year-over-year. It came in higher at 7.5%. It may not sound like much, but that’s the highest CPI since …
Remember dogecoin? The meme-inspired cryptocurrency skyrocketed more than 20% Tuesday morning after Elon Musk said Tesla would accept dogecoin as payment for some of its merchandise. “Tesla will make some merch buyable with Doge & see how it goes,” the …
by confoundedinterest17 It used to be that capacity utilization was a signal for The Federal Reserve to raise or lower their key target rate. When capacity utilization rose above 80%, the economy was deemed to getting “hot” and The Fed would …
by Jason Burack of Wall St For Main St “Time to change the Changing Propaganda Index again…” FULL SHOW NOTES AND LINKS HERE Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top …
by confoundedinterest17 Pop goes the weasel! (Bloomberg) — The S&P 500 Index extended its decline past 2% Monday afternoon amid growing investor jitters about China’s real estate crackdown potentially sparking a financial contagion. And the Hang Seng fell 3.30% overnight. The benchmark gauge …
by Chris Vermeulen of The Technical Traders Chris joins Jim Goddard on Howestreet.com to discuss the latest moves in the markets. We are seeing a little bit of fear creeping into the market this week, which is a normal process that takes place roughly every …
The last few weeks we have seen more data confirming big increases in demand for physical metal in the form of gold imports into India, exported from Swiss gold refineries.
Inflation is coming has been the signal sent from bond markets. More money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped …
by Michael Markowski The chart below which covers the yields for US 10 year and 30-year Treasury bonds from January 1940 to March 2021, was pulled from a March 4, 2021 Elliot Wave report. The chart depicts the crashes for the Dow …
Oil hits 2019 high on U.S. plan to tighten squeeze on Iran LONDON (Reuters) – Oil topped $74 a barrel on Monday, the highest since November, as the United States announced a further clampdown on Iranian oil exports, raising concern …
via @chigrl: Official says banks safer since stricter rules but implications for market liquidity are worrying https://www.google.com/amp/s/amp.ft.com/content/50553c1a-5bd6-11e9-9dde-7aedca0a081a …
by John Rubino Looks like we just hit an inflection point. So far this morning: U.S. new home sales drop to more than 2-1/2-year low (Reuters) – Sales of new U.S. single-family homes tumbled to a more than 2-1/2-year low in October …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And it sure took a looong time. Palladium, a soft silver-white metal used largely in automotive catalytic converters but also in many other applications including dentistry, spiked to an all-time high today, at the moment I’m …
via confoundedinterest: Hong Kong, with a stressed housing market with staggeringly high prices, just saw a surge in interest rates. (Bloomberg) — The Hong Kong dollar’s surge reverberated across the city’s money market on Monday, with interbank rates climbing by the most …
https://www.youtube.com/watch?v=FCQZR77DYFU In this episode of the Keiser Report, Max and Stacy discuss how much pharmaceutical prices have shot up since ObamaCare passed and look, in particular, at rising insulin prices and how many diabetic patients are unable to afford their …
via fs All focus is on Turkey right now as their currency goes into freefall and 5-year credit default swaps (insurance against default) have now spiked to levels last seen during the 2008-2009 financial crisis. Emerging market risks accelerated with …
Alex Jones popularity has risen since the ban.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Prices of houses and condos across the US surged 6.3% from a year earlier (not seasonally-adjusted), according to the S&P CoreLogic Case-Shiller National Home Price Index for February, released this morning. The index is now 6.7% …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The US gross national debt jumped by $72.8 billion in one day, on Thursday, the Treasury Department reported Friday afternoon. This March 16 is a historic date of gloomy proportions, because on this date, the US …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And these are the good times. As of the latest reporting by the Treasury Department, the US gross national debt rose by $41.5 billion on Thursday, February 22, to a grand total of $20.8 trillion. Here’s …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Fed’s monetary policy shift is finally taking hold. It just took a while. The weekly St. Louis Fed Financial Stress index, released today, just spiked beautifully. It had been at historic lows back in November, an …
The White House Budget Office says the budget deficit is going to be larger than expected this year by $99 billion. The Office of Management and Budget points to worsening tax revenues to explain why its forecast two months ago …
By Michael Snyder Whenever the world starts going crazy, investors instinctively begin flocking to precious metals. So it wasn’t exactly a surprise when gold and silver prices started to move upward aggressively as global leaders continued to talk about the …