7 Ways Inflation Reduction Act Would Wallop Your Wallet
Masquerading as the “Inflation Reduction Act,” the bill passed Sunday by the Senate is nothing more than a Trojan horse for more of the same policies that created the stagflationary fire...
Jurassic MBS Market! Agency MBS Prices Swoon With Implied Fed Hikes (Duration Risk Increases Too) – Confounded Interest – Anthony B. Sanders
Agency mortgage-backed securities (MBS) prices started to degrade as The Federal Reserve started to try to combat inflation caused by Biden’s energy policies and rampant...
US Producer Price Index Cools To 9.8% YoY In July As M2 Money Growth Cools And Recession Probability Increases – Confounded Interest – Anthony B. Sanders
Somehow I doubt if Biden, Harris and Jean-Pierre (Biden’s Press Secretary) will go on the talk show circuit talking about the Producer Price Index Final...
Tennant’s Unions Demand Biden Declare a National Emergency to Stop Rent Gouging – Mish Talk
Please consider a People’s Action plea on the Rent Inflation National Emergency. The President must act immediately to regulate rents, as part of the Administration’s...
Housing Bubble Getting Ready to Pop: The Big Boys Leave, Waiting for Reset
Biggest investors in single-family houses: “We need to be patient and allow the market to reset.” By Wolf Richter. This is the transcript of my...
BofA Says Cash Racing to Stocks, Bonds as Inflation Fears Ease
(Bloomberg) — Bank of America Corp. says investors are rushing back into stocks and bonds, with signs that inflation has peaked spurring bets the Federal...
Powell Needs to Speak Up to Stop Ill-Fated Market Rally, Strategist Says
(Bloomberg) — Principal Global Investors’ Seema Shah is no stock market bull but says the rally that erupted Wednesday may continue until the head of...
Mexico Raises Key Interest Rate to Highest Ever as Inflation Accelerates
(Bloomberg) — Mexico’s central bank boosted its key interest rate to an all-time high after inflation hit the fastest pace in over 21 years, but...
Latin America Led World Into High-Rate Era. Now It’s Stuck There
(Bloomberg) — In the fight against pandemic inflation, Latin America led the world into a new age of tight money. Eighteen months later, there’s not...
Bank of Canada’s ‘soft landing’ scenario hits the rocks in bond market
By Fergal Smith TORONTO (Reuters) – Canada’s inverted yield curve is signaling the Bank of Canada may raise interest rates to a level that triggers...