High Interest Rates Not Stopping Americans from Running Up More and More Debt
June 12, 2023 by Michael Maharrey 0 0 Despite the high interest environment intended to slow down borrowing, American consumers continue to run deeper and deeper into debt...
Forget inflation – deflation is the real danger
MSN-The Telegraph/Ambrose Evans-Pritchard/6-8-20-23 “The global inflation shock of the last two years is over bar the shouting. Legacy effects will generate much noise for a...
New Data Shows Inflation Is Still Hot, Hot, Hot
Kind of like the uncle who keeps sticking around long after dinner has ended, inflation is proving hard to say goodbye to. Ten interest rate...
Euro zone enters recession after Germany, Ireland growth revision
The German economy entered a recession in the first quarter. Bloomberg | Bloomberg | Getty Images The euro zone entered a recession in the first...
Billionaire bond investor Jeffrey Gundlach dials up his warning of a US recession, pointing to signs of falling demand
DoubleLine CEO Jeffrey Gundlach speaking at the 2015 Delivering Alpha event on July 15, 2015.David A. Grogan/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images “Bond King” Jeffrey...
US at Beginning of Late Big-Cycle Debt Crisis, Ray Dalio: video
Bridgewater founder Ray Dalio says interest rates probably won’t rise much from current levels while talking with David Westin at Bloomberg Invest New York 2023....
The End of Easy Money: Bankruptcy Filings Pile Up at Fastest Rate since 2010
A cleansing process, long overdue, to whittle down the corporate debt overhang and clear out deadwood, at the expense of investors. By Wolf Richter for WOLF STREET. It’s...
Initial Jobless Claims Surged To Highest Since Oct 2021
Initial jobless claims surged last week to 261k (up from 233k prior and well above the 235k exp) – its highest since Oct 2021. Source:...
Bonds Everywhere Suffer as Rate-Hike Fears Swamp Traders
(Bloomberg) — Global bonds are slumping after two shock interest-rate hikes this week served traders a reality check that central banks are far from done...
JPMorgan Grows Even Bigger as US Bank Giants Soak Up Assets
(Bloomberg) — The Goliaths of US banking are getting even bigger after a series of regional lender failures funneled assets into giants such as JPMorgan...