In the oil market, the strong dollar is the world’s problem
Bloomberg/Javier Bias/6-7-2022 “The greenback is hovering at a 20-year high against its fellow major currencies, creating a huge problem for everyone outside America buying dollar-denominated...
‘Train Wreck’ Economy or Red-Hot Inflation Is Big New Bond Call
(Bloomberg) — A wild year on Wall Street has traders fretting one of two extreme scenarios will engulf the $23 trillion Treasury market ahead: Either...
‘I don’t think the Fed can solve it alone,’ strategist says
At next week’s Federal Open Market Committee (FOMC) meeting, investors are anticipating the Fed to hike interest rates by an additional 50 basis points. In...
US Balance of Trade Improves the Most on Record (Guess What That Means) – Mish Talk
Balance of Trade data from Commerce Department, chart by Mish The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the Goods...
Mounting debt means the ‘Fed put’ has shifted from the stock market to Treasurys: analyst
Why do stock-market investors seem to get a case of the jitters whenever the 10-year Treasury yield trades above the 3% threshold? A look at...
Mortgage Applications Crash To 22-Year-Low As Monthly Payments Rocket Higher
Another week, another collapse in the pace of mortgage applications as the Mortgage Bankers Association (MBA) reports a 6.5% week-over-week drop in mortgage applications –...
Biden’s Food and Fuel Crisis – It’s the Policy, Stupid
So, how about those fuel prices? Fun ain’t it to spend more on filling up your tank than it costs for a decent meal at...
Are Supply Chain Issues Driving Inflation?
A recent New York Times poll finds that Americans disagree about the cause(s) of inflation. The poll lists several supply-chain explanations, including supply-chain disruptions, COVID-19,...
Ray Dalio Says Central Banks to Cut Rates in 2024: AFR Reports
Billionaire hedge fund founder Ray Dalio said central banks across the globe will be required to cut interest rates in 2024 after a period of...
US Economy to Slow Due to Sticky Inflation, Persistent Supply Woes: OECD
The Organization for Economic Cooperation and Development (OECD) has cut its growth forecast for the U.S. economy, blaming high inflation that could take longer to...