Month: March 2022

US Pending Home Sales Decline -4.1% MoM In February (-5.4% YoY) As Mortgage Rates Rise, March Median Prices UP 17% YoY And Inventory Remains MIA

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by confoundedinterest17 US pending home sales for February surprised to the downside, down -4.1% MoM and -5.4% YoY, as mortgage rates soar. And inventory remains MIA. Not surprisingly, March median sales prices are up 17% YoY. University of Michigan buying conditions for housing is the lowest since the Carter inflation fiasco. Let’s see if The Fed will … Read more

Trouble In Potomac City! US Treasury 10Y-5Y Curve Goes Further Into Inversion As Mortgage Rates Keeps Rising

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by confoundedinterest17 We’ve got Trouble in Potomac City! The US Treasury 10Y-5Y curve is going deeper into inversion. The short end of the Treasury curve is rising, as expected, but declining at the 5 year tenor and beyond. The aggregate Treasury Index is plunging as Fed Funds Futures signal 8.341 rate hikes over the next year. … Read more

If You Believe This… Please Stop Reading Now

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By Graham Summers, MBA The bottom is in. As everyone knows… the Fed has saved the day again! On Tuesday, Fed Chair Jerome Powell announced that the Fed is NOT going to raise rates anymore. It’s not going to shrink their balance sheet either. And best of all… inflation which entered the financial system for … Read more

Are we Following the Path of Pearl Harbor?

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by Martin Armstrong The post-2024 period appears to be a significant global war – all-in sort of thing. But will also be intermixed with shortages in commodities thanks to also weather conditions. Currently, the Neocons who have control of the Biden Administration are totally insane. They have used an executive order to do these sanctions bypassing Congress for … Read more

In 2018, Chuck Schumer stood in front of a gas station selling $3.89 gas and demanded Trump lower prices. Today, the national average gas price is $4.23 and Schumer has demanded nothing from Biden.

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In 2018, Chuck Schumer stood in front of a gas station selling $3.89 gas and demanded Trump lower prices. Today, the national average gas price is $4.23 and Schumer has demanded nothing from Biden. pic.twitter.com/8L7CZrAO6L — Daniel Turner (@DanielTurnerPTF) March 24, 2022

Inflation Far Bigger Threat Than Investors Expect

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by Peter Schiff of Peter Schiff Podcast Everything-is-awesome attitude won’t last long much longer. Stagflation is here. This round of QE won’t be like the last 4. The economy has never been as addicted to cheap money as it is now. Bond investors will begin to realize that bonds are mispriced. We’ve been making our inflation bed for … Read more

Profitable Cryptocurrencies To Invest In

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There are numerous cryptocurrencies in the crypto market, including Bitcoin, Ethereum, Dogecoin, and Litecoin. If you want to start trading in cryptocurrencies, it can be very challenging to decide which one is the best and which one will be the most profitable, primarily because of the volatility in price.  Because of the popularity of cryptocurrency … Read more

Why Can’t We All Just Get Along?

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by Martin Armstrong COMMENT: Dear Martin, I am a frequent follower of your blog. I read your article tonight “ Putin puts Bidens King check mate” Being an economist myself with 30 years of experience I completely agree with your proposals of a two tier Ruble. I would fine tune it even further by backing the … Read more

OCC Quarterly Bank Derivatives Report: There is $177T notional value of derivatives in the US banks alone, with assets only $14T. Notional amounts for Holding companies is $234T, while assets at $19T. $140T are set in OTC swaps. OTC contracts account for ~96% of all derivative trades.

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by laflammaster https://occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr4-2021.pdf   https://occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr4-2021.pdf

No-one ever tells you to sell…

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It is always interesting when the #bullish media says:"Buy stocks because #rates are low (equity #risk premium high) which justifies overpaying for value."1) Rate spikes have fast which destroys that premise.2) No-one ever tells you to sell.h/t @thedailyshot pic.twitter.com/iHlHRYhlVv — Lance Roberts (@LanceRoberts) March 25, 2022 Surge In Bond Yields Says It's Time To Buy … Read more

Another actor collapses on stage

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'Rocketman' star Taron Egerton tests positive for COVID weeks after collapsing on stage https://t.co/RNrlOZwwBT pic.twitter.com/xVFaOkI1nb — New York Post (@nypost) March 25, 2022 Bob Saget's family attorney shuts down speculation about actor's death https://t.co/Ght8ZOj37u pic.twitter.com/k1yl5tSbZo — Yahoo Entertainment (@YahooEnt) March 25, 2022 Any predictions on what caused Comedian Heather McDonald to collapse? My bet is … Read more

‘The Americans are no longer the masters of planet Earth’ – ex-Russian president

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Dmitry Medvedev discussed fundamental geopolitical changes with RT and Sputnik (RT) The Deputy Chairman of the Russian Security Council Dmitry Medvedev has explained why he believes “the unipolar world has come to an end” and weighed the odds of the European Union abandoning Russian gas. In a wide-ranging interview with Sputnik and RT, the former … Read more

Make the most of the final rally before the Summer crash…

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https://twitter.com/David_Tracey/status/1507109326221193226 pic.twitter.com/Er7gPlNxFE — Hedgeye (@Hedgeye) March 25, 2022 BofA now sees *two* 50 bps Fed hikes this summer, raises terminal rate forecast to 3-3.25% by May next year.Also raises 2-yr yield forecast to 3.00%, resulting in "a deeply inverted 2s10s curve" as growth slows and recession risks rise. Doesn't see recession though. — Jamie McGeever … Read more