The price of the dollar acts like a “Global Fed Funds Rate”. A rising dollar tightens economic conditions globally, adding considerable deflationary pressure as is clear from the chart below.
I'm reading some scary headlines about the bond market crashing. Most Crowded Trade in Bonds is a Powder Keg Ready to Blow Goldman Says U.S. Bondholders Risk a $1.1 Trillion Hit if Rates Spike Bond Traders Suffer Worst Rout in Three Years as Selloff Deepens It sounds like bad news, but could it be good news for your retirement portfolio?…
A Record $375 Billion In US Paper. It wasn't just China: Saudi Arabia also continued to sell its TSY holdings, and in August its stated holdings (which again have to be adjusted for MTM), dropped from $93Bn to $89Bn, the lowest since the summer of 2014. This was the 8th consecutive month of Treasury sales by the Kingdom
According to data released by the Treasury Department yesterday, the US national debt has soared by a whopping $294 billion since the start of the 2017 fiscal year, just 45 days ago.
Wells Fargo agreed to pay $185 million in fines after employees opened as many as 2 million unauthorized customer accounts.
"We have received your check and are now working to get the requested documents out to you...."
over the last two weeks the 30-year mortgage rate jumped by a whopping 40 basis points to 3.94 percent, almost identical to the 39 basis point increase in the 10-year Treasury yield
Janet Yellen is opining on capital hill again today and if I could ask her one question it would be: How do you reconcile this… “Somehow we need to go to an economy that is using its re…
Mary Jo White is “establishment” all the way. She protected HSBC and Republic Bank, she gave them deals for returning the money they stole with NO FINES and no JAIL TIME.
The first inkling of whether Mr. Trump is truly on the side of Main Street may emerge when his administration sets out to change Dodd-Frank.
Forget all that talk about her leaving the Fed if Trump becomes president: The chair says she's not going anywhere.
Yellen is due to deliver her prepared remarks at 10am, Q&A will follow... Having warned of "excessive risk-taking" in her earlier released prepared remarks, [4] Janet Yellen's relatively hawkish testimony before the Joint Economic Committee (96% odds of Dec rate hike)
The number of employees has now contracted for 10 straight months and while new orders were marginally higher, the outlook for business tumbled to 9-month lows, which combined with the highest prices paid since July 2014 flashes a loud stagflationary warning that all is not well.
As Cost Of Living Surges Most Since 2007. While Core CPI printed slightly lower than expected, energy (up 3.5% MoM) dominated overall cost of living increases and Housing/Shelter rose by 3.5% Y/Y. This was the biggest annual jump since 2007.
1 unit housing starts are finally back to 1991 levels, before the start of the now infamous housing bubble. But it is the multifamily housing…
The US Economy Fell Into Recession Immediately After. After an ugly October, November has seen two straight weeks of improvements in initial jobless claims (plunging 11.6%, 31k - the most since Jan 2015 - to 235k).
China, the top buyer of U.S. Treasury securities, cut its holding in September for four months running, the latest data from the U.S. Treasury Department showed on Wednesday.
The head of the central bank also cites the dangers of waiting too long, which could result in the Fed having to move too quickly later.
It’s looking more and more like the post-election pop higher was a tad extravagant. Billionaire investor Carl Icahn has joined the chorus that’s cautioning the rally has become overdone, and the longtime Trump supporter provides our call of the day.
European stocks were searching for direction Thursday, with markets facing minutes from the European Central Bank’s October meeting while investors will watch for congressional testimony from Federal Reserve chief Janet Yellen.