WASHINGTON — Deanna Hardy of Marshfield, Wisconsin, is stocking up on pricier food items like meat, eggs and salmon before her family’s monthly food stamp benefits are drastically reduced. “We’re really going to struggle,” the mom of two told ABC News. …
S&P 500 rally is a bull trap; bear market will resume in March – MS h/t throwaway273322
https://www.youtube.com/watch?v=hm2exWwJYho The Federal Reserve has made a huge mistake and the stock market will suffer the worst consequences. The volatily we’ve been witnessing in the past few days marks the beggining of the end. This bear market rally is rapidly …
by Chris Black Colonel MacGregor has been saying this for ten months. https://twitter.com/AZgeopolitics/status/1622176801098170370 https://twitter.com/aleksandraopal2/status/1602000671783456771 Zelensky wanted to end the war on Putin’s terms, and America went in and said “oh not so fast, you little dumpling – we’re doing war …
Source: https://wolfstreet.com/2023/01/25/bank-of-canada-were-pausing-to-assess-whether-weve-done-enough-hikes-by-1-4-to-4-5-qt-continues/ h/t BoatSurfer600
by mark000 If it takes 9 months for impact of Rate Hikes to be felt then the effects fully arrive in: Hike date New Rate Impact arrives 3.22 50 12.22 5.22 100 2.23 6.22 175 3.23 7.22 250 4.23 9.22 …
White House announces international ‘Summit for Democracy’ in March The White House on Tuesday announced an international “Summit for Democracy” to be held next March, co-hosted with Costa Rica, the Netherlands, South Korea and Zambia. The summit, which follows on …
by confoundedinterest17 Bloomberg Economics sees near certainty downturn will start Tightening conditions, inflation, hawkish Fed weigh on outlook A US recession is effectively certain in the next 12 months in new Bloomberg Economics model projections, a blow to President Joe Biden’s …
By Tsvetana Paraskova Crude throughput at Chinese refineries slumped in July to the lowest level since the height of the pandemic in March 2020, amid unplanned facility outages and lower processing rates at independent refiners due to declining refining margins. …
by confoundedinterest17 Fannie Mae’s Home Purchase Sentiment index has declined from 81.7 shortly after Biden was sworn-in as President to a meager 62.8 in July 2022. Of course, mortgage rates have risen quite rapidly and home price growth remains elevated as …
by confoundedinterest17 In the court of The Copper King! Copper, one of the economic measures of a growing economy, is down -27% since March 3, 2022 as recession looks more likely. Let’s compare copper with another famous asset, Bitcoin. Bitcoin, a …
According to monetary expert Zoltan Pozsar, the Fed wants to bring stock, home, and crypto prices down to get inflation down. If they don’t drop, the Fed is prepared to shock the markets and bring inflation down at any cost. …
Nancy Pelosi Monday lauded protesters expressing “righteous anger” in the wake of a leaked Supreme Court draft opinion that shows the court may be poised to overturn Roe v. Wade. “While we have seen and heard extraordinary anguish in our …
by confoundedinterest17 While headline inflation is growing at 8.6% YoY in March, flexible price inflation grew at a terrifying 25% YoY rate. Even with headline inflation of “only” 8.56% YoY, today’s Q1 real GDP growth checked in at -1.4% QoQ. Clearly, …
by Dismal-Jellyfish Inflation is not a sign of growth, nor is it a sign of anything positive. It’s an insidious sign of the loss of the purchasing power of our dollars, including the purchasing power of dollar-denominated labor (what we …
by silvertomars
The ruble has recouped most of its losses and become the top-performing currency globally. It continues to gain and is up 60 per cent against the US dollar from its lows in the first week of March. The ruble appreciated …
Russian President Vladimir Putin has authorized the government, the central bank, and Gazprombank to take the necessary steps to switch all payments for Russian natural gas from “unfriendly states” to rubles starting March 31. The measure targets “member states of the EU and …
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 …
No later than March 11, all servers and domains must be transferred to the Russian zone (.ru) Russia was reportedly able to disconnect itself from the global internet as a whole during tests that it launched back in June and …
#FantasticFinishes https://t.co/NrFsCgxGfX — Carl Quintanilla (@carlquintanilla) March 4, 2022
Wow. The FRA-OIS spread has only moved this much over 5 days *twice* since 2008. Only during the March 2020 crash and 2008 GFC crash has the spread widened as much and as fast. pic.twitter.com/7xjotjPeGN — Michael Goodwell (@MichaelGoodwell) March …
by confoundedinterest17 Like the old E.F. Hutton ads, when Fed Chair Jerome Powell talks, people listen. Stocks rose, while bonds fell after Jerome Powell said he was inclined to back a quarter-point U.S. rate hike in March to combat inflation that is “too high.” In …
By Lance Roberts A March stock market rally is likely, but does that mean the risk of a bear market is over? So far, 2022 has been challenging for investors who got lulled into complacency since the March 2020 lows. …
With consumer inflation at a 40-year-high, most shoppers — rich or poor — will seek out the best prices, CEO Doug McMillon explained. “During periods of inflation like this, middle-income families, lower middle-income families, even wealthier families become more price …
JPMorgan Now Expects Nine Straight Fed Rate Increases Until March 2023 25 basis points per meeting until March next year. Will this prevent my beans from going up in price 10 cents every 3 weeks? https://www.barrons.com/articles/jpmorgan-now-expects-nine-straight-fed-rate-increases-until-march-2023-51645298667
