Biden’s Trip To Saudi Arabia Won’t Solve The Oil Market’s Problems
When news broke last week that President Biden was planning a Middle East visit that would include Saudi Arabia, many an industry observer saw in...
White House Struggles to Talk About Inflation, the ‘Problem From Hell’
WASHINGTON — President Biden was at a private meeting discussing student debt forgiveness this year when, as happens uncomfortably often these days, the conversation came...
Why Inflation Is Hitting American Households Like Never Before
(Bloomberg) — Economists like to strip food and energy out of their inflation calculations. They’re too volatile to be meaningful, they say. But for everyday...
Yen at 150 May Risk Rerun of Asia Financial Crisis, O’Neill Says
(Bloomberg) — The yen’s slide may spark turmoil on the scale of the 1997 Asian Financial Crisis if it declines as far as 150 per...
UN Warns of Global Wave of Hunger and Food Crisis | News
The Secretary-General of the United Nations (UN), António Guterres, declared on Wednesday that the world is facing “an unprecedented wave of hunger and misery”, which...
Labor Market On Edge: Jobless Claims Jump Most Since Last July, Hit 5 Month High
Just days after we reported that “Real-Time Indicators Show The Labor Market Just Cratered”, suggesting that the last pillar propping up the US economy (with...
Recession Outlook Update, Where Do Things Currently Stand? – Mish Talk
GDPNow data from the Atlanta Fed, Chart by Mish The latest GDPNow Forecast for the second quarter of 2022 stands at 0.9 percent as of...
German Trade Surplus Has Evaporated. Eurozone Headed for Recession
Taps Coogan – June 9th, 2022 Enjoy The Sounding Line? Click here to subscribe for free. Beleaguered by the soaring cost of energy imports, Germany’s famed trade...
EU ‘Fragmentation’ Accelerates As Markets Test Lagarde’s ‘Whatever It Takes’ Moment
ECB president Christine Lagarde went full hawktard yesterday with her promise to end bond-buying and hike rates (all in the face of staglfationary threats as...
US Retail Shortage Turns to Glut
The following chart, from Chartr via Lance Roberts, shows the magnitude of the inventory pileup at big-box stores Walmart and Target. [ad_2] Source link...