by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Swiss Rates Can Be Lowered Further, SNB’s President Says By Catherine Bosley Bloomberg News Saturday, April 20, 2019 The Swiss National Bank can lower its subzero interest rates even further, President Thomas Jordan told …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter There is plenty of supply, but it’s the wrong supply, priced too high. Across the US, hot and cold housing markets all thrown into one bucket: Sales of “existing homes” (single-family houses, townhouses, condos, and co-ops) …
by Graham Summers of Gains, Pains, & Capital As I warned last week, while most of the investment world has been glued to their trading screens watching the stock market rally.. something nefarious has been unfolding behind the scenes. That “something” is the …
global 40 ft shipping container rates so far don't support 2h19 rebound story pic.twitter.com/SHvUawcZzu — Alastair (@StockBoardAsset) April 21, 2019 probably not a good thing pic.twitter.com/aOUIRhrg2h — Alastair (@StockBoardAsset) April 20, 2019 can't ignore what's happening to the auto industry …
RT, Released on 4/20/19 Max interviews Wolf Richter of WolfStreet.com about interest rates, property markets, Uber’s IPO and the future outlook for Amazon and Netflix. Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program …
via @Schuldensuehner: #ECB officials lack enthusiasm for any revamp of their negative-interest rate tool and some doubt it will actually happen. https://www.bloomberg.com/news/articles/2019-04-16/ecb-officials-are-said-to-lack-enthusiasm-for-sub-zero-tiering …
Via The Market Once again, the expedition to go back to normal has been postponed. After the big market scare at the end of 2018, central banks have abolished their plans to tighten interest rates further. Wall Street loves it. …
from Zero Hedge Almost five years ago, in May 2014, when he was setting the scene for the biggest asset bubble trap in history – trap because his own policies made it impossible to undo the Fed’s monetary policies without bringing …
via CNBC: One long-lasting impact from the crisis — caused in part by irresponsible bank behavior — is suppressed interest rates, Wells Fargo analyst Mike Mayo wrote. “It’s absolutely a wealth transfer from prudent savers to the borrowers and risk …
by Shaun Richards Today brings this subject to mind and let me open with the state of play in Switzerland. The Swiss National Bank is maintaining its expansionary monetary policy, thereby stabilising price developments and supporting economic activity. Interest on …
by inspurious View the interactive version here. This chart shows the suicide rate (per 100,000 persons) in California between 1999 and 2017 for 5 separate age groups. Data source: Multiple Cause of Death, 1999-2017 dataset from the Centers for Disease Control and Prevention. …
Another month passes and another month of declines. Here we are watching the slow and steady fall. It’s not exciting because it’s expected. As I mention in the video towards the end, a drop in interest rates aggressively, a tax …
via upfina: The MBA mortgage applications index in the week of March 29th was very strong mostly because of the growth in refinancing due to the drop in interest rates. The composite index increased 18.6% on top 8.9% growth in the prior …
by nastynagle Used a Kaggle data set: Link Code posted on GitHub: Link Used ggplot and geom_line in r
by confoundedinterest This week, Turkey further roiled markets by preventing foreign banks from accessing the liras they need to close out their swap positions. That’s made it almost impossible for bankers to short the lira or exit carry trades, and forced the overnight lira …
The central banks are STUCK. Raising rates simply can’t happen anymore. It will crash the markets. Lowering interests are more likely but that signals that conditions are worsening. Poor little central banks. What ever will they do? Warning signals have …
via Zerohedge: While some are ignoring the looming economic crunch and instead blame mortgage convexity hedgers for the sharp move lower in yields in the past week which led to the first inversion in the recession signalling 3M-10Y curve since 2007, even …
Economists tend to think of central-bank interest rates purely in terms of their effect on macroeconomic benchmarks such as inflation, output and unemployment. The Federal Reserve’s dual mandate, for instance, directs it to seek stable prices and maximum employment. Mainstream macroeconomic …
via marketwatch: The European Central Bank this month said it would keep record-low interest rates for longer. The news comes shortly after the U.S. Federal Reserve gave in to the stock market and held off on further interest-rate increases. While investors …
Narayana Kocherlakota, former president of the Minneapolis Federal Reserve Bank, discusses the Fed’s upcoming policy meeting. Fed should cut rates, says former Minneapolis Fed president from CNBC. https://www.cnbc.com/video/2019/03/18/fed-should-cut-rates-says-former-minneapolis-fed-president.html
by Simon Black Europe’s leading economic policy makers have officially thrown in the towel. Last week, the European Central Bank admitted economic conditions are so dire that it already has to reverse its monetary policy. I’ll get back to that in a minute… …
via euronews: FRANKFURT (Reuters) – The European Central Bank pushed out the timing of its first post-crisis rate hike until 2020 at the earliest and offered banks new rounds of multi-year loans in a bid to revive the currency bloc’s …
By Tsvetana Paraskova The all-time high U.S. crude oil exports have been pushing demand and rates for very large crude carriers (VLCCs) higher since the middle of February as American exports are attractive thanks to the wide Brent-WTI spread in …
by John Rubino Chris Martenson: “Ben Bernanke is the father of both Donald Trump and Alexandria Ocasio-Cortez” … Bethany McLean on the fraud that is fracking … Michael Pento: Falling interest rates are “rocket fuel for gold” … Harry Dent …
by Simon Black It’s not enough to hand over your money to the government anymore. Now you have to pay them for the privilege to do so. That’s the basic premise behind negative interest rates: investors around the world are crazy …
Money manager Michael Pento gives his simple economic road map. Pento says, “We’re going to have one final whoosh down in stock prices and in the economy. That’s going to bring Jerome Powell (Fed Head) back to 0% interest rates …
by these-things-happen The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning April 1, 2019. The rates are: • six (6) percent for individual overpayments (refunds) • six (6) percent for individual …
A litany of problems, from too much debts to deflating housing bubbles in Vancouver and Toronto. By Steve Saretsky, Vancouver, Canada, Vancity Condo Guide: With the Bank of Canada’s overnight interest rate stalled out at 1.75%, lower than the rate of …
by dwpeterson Article link: https://towardsdatascience.com/level-of-education-and-the-poverty-line-an-analysis-of-the-largest-us-cities-interactive-309e6c3e9f46 Dashboard Link: https://data.world/dwpeterson/poverty-in-the-united-states Tool Used: Tableau Public Data Source Used : https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?src=bkmk
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The hope in early January has been unwound. A month ago, mortgages reappeared in the housing-hype circus, when it was widely reported that mortgage applications “soared” and “jumped.” Both types of mortgage applications did so: those …