“We’re the Sucker”: Rickards
The Central Bank of Russia recently reported a gain of 30 metric tonnes in its gold reserves. That’s after a year of flatlining, more likely...
The Most Splendid Housing Bubbles in America, March Update: Biggest Monthly Price Drops Now in Las Vegas, San Francisco, Seattle, Phoenix, Dallas, Denver
Double-digit drops from peak in San Francisco Bay Area, Seattle, San Diego, Phoenix, Las Vegas. By Wolf Richter for WOLF STREET. View of Housing Bubble 2 in the...
Don’t Let the Headlines Fool You about a Tiny Month-to-Month Uptick in Pending Home Sales: Still -21% from a Year Ago, -25% from 2 & 3 Years Ago. Have a Look at the Chart
Spring selling season volume lowest since Housing Bust 1. By Wolf Richter for WOLF STREET. So you read in the headlines today that pending home sales rose “unexpectedly”...
A Federal Reserve Pivot is not Bullish
An old saying cautions one to be careful of what one wishes for. Stock investors wishing for the Federal Reserve to pivot may want to...
I love how everyone pretends the bank crisis is over…
Practically on cue, politicians began their public hearings yesterday about the recent banking crisis. This was so predictable; every time there’s a major crisis, Congressmen...
Aftershock! – The Daily Reckoning
Anyone who thinks the banking crisis is over has never lived through one. This is my tenth, starting with Herstatt. And this one is just...
Inflation data spurs stocks rally, drop in U.S. yields
U.S. inflation cools in February Two-year U.S. Treasury yield set for biggest monthly drop since 2008 S&P 500 records back-to-back quarterly gains NEW YORK, March...
Kashkari Says Unclear If SVB Collapse Will Cause Credit Crunch
(Bloomberg) — Federal Reserve Bank of Minneapolis President Neel Kashkari said it was premature to judge what impact the collapse of Silicon Valley Bank will...
BlackRock’s Jewell Sees Big Earnings Dispersion in Inflation Era
(Bloomberg) — Slowing growth and relentless inflationary pressures mean there will be a big divide between winners and losers this earnings season, according to a...
Flight to Money Funds Is Adding to the Strains on Small Banks
(Bloomberg) — After the most tumultuous month since the 2008 financial crisis, banks are finding themselves in an impossible position. Most Read from Bloomberg Keeping...