Debt-Fueled Demand and Oil Price Inflation Brings Airfares Roaring Back
If you’ve purchased any airline tickets lately, you’ve probably noticed that prices are up. It’s quite a reversal from the days of covid lockdowns, when...
Goldilocks and the Crack-Up Boom
For everyone left out of the Fed’s hyper-financialized, hyper-globalized, hyper-inequality “new prosperity,” there’s always the bargain salmon cassarole. The latest issue of New Prosperity Magazine...
Black Night Reports Least Affordable Housing Market in 16 Years – Mish Talk
Case-Shiller home prices via St. Louis Fed, chart by Mish Black Knight’s Mortgage Monitor sheds more light on how much the Fed exacerbated the housing...
THE WOLF STREET REPORT: Dotcom Bust 2, New & Improved
by Wolf Richter • Jun 5, 2022 • 147 Comments But we’ve had it so good for so long. And it was so easy, and it made everyone look...
Yen Slides to Two-Decade Low, Reigniting Focus on Intervention
(Bloomberg) — The yen extended a twenty-year low against the dollar Tuesday, weighed down by the widening gap between yields in Japan and the US,...
Morgan Stanley Sees Earnings Risks Weighing on Stocks
(Bloomberg) — Weakening corporate profit forecasts may provide the latest headwind to US stocks, which are likely to fall further before bottoming during the second-quarter...
There’s No Immediate Cure For Sky-High Gasoline Prices
Since gasoline prices started surging at the end of last year, the U.S. Administration has been saying that it would consider and potentially use every...
How Close Are We To Peak Oil Demand?
Two years ago, British oil and gas supermajor BP Plc. (NYSE:BP) sent shockwaves through the energy markets after it declared that the world was already...
Why the global soil shortage threatens food, medicine and the climate
Soil can be considered black gold, and we’re running out it. The United Nations declared soil finite and predicted catastrophic loss within 60 years. “There...
Private Equity Deflation is Coming
But not quite yet. An article in the Financial Times got my attention thanks to the eye-catching headline, “Amundi warns that parts of private equity...