Credit Bubble Bulletin
Presented by Doug Noland since 2012
Credit Bubble Daily
[AP] Egypt media cite progress in truce talks as Israel downplays chances of end to war with Hamas
[Yahoo/Bloomberg] Bond Market Parties On as Jobs Data Revive Fed Rate-Cut Bets
[Reuters] Fed's Williams says 2% inflation target 'critical'
[Yahoo/Bloomberg] Traders Spooked by Intervention Risk Trim Record Yen Shorts
[AP] Houston braces for flooding to worsen in wake of storms
[FT] Can the strong dollar be tamed?
[FT] Panama Canal traffic recovers from drought caused by El Niño, study finds
[AP] Egypt media cite progress in truce talks as Israel downplays chances of end to war with Hamas
[Yahoo/Bloomberg] Bond Market Parties On as Jobs Data Revive Fed Rate-Cut Bets
[Reuters] Fed's Williams says 2% inflation target 'critical'
[Yahoo/Bloomberg] Traders Spooked by Intervention Risk Trim Record Yen Shorts
[AP] Houston braces for flooding to worsen in wake of storms
[FT] Can the strong dollar be tamed?
[FT] Panama Canal traffic recovers from drought caused by El Niño, study finds
[Reuters] Wall Street sharply higher on soft jobs data
[Yahoo/Bloomberg] Yen Volatility Threatens to Derail One of the Year’s Best Trades
[Yahoo/Bloomberg] Oil Set for Biggest Weekly Drop Since February as War Risk Fades
[Yahoo/Bloomberg] Asian Currencies Set for Best Week in Two Months on Intervention
[CNBC] U.S. job growth totaled 175,000 in April, much less than expected
[Reuters] India's foreign exchange reserves drop to seven-week low
[Bloomberg] Carry Trades Wobble as Yen Swings Roil One of Year’s Best Bets
[WSJ] Eurozone Jobless Rate Remains at Record Low
[FT] Japan used $59bn to prop up the yen. Consumers are still cutting back
[FT] Who’ll buy all the Treasuries? You’ll buy all the Treasuries
[Yahoo/Bloomberg] Stocks Gain as Rates Relief Sets In: Markets Wrap
[Reuters] Yen weakens, paring sharp rise after suspected intervention
[Yahoo/Bloomberg] Yen Bears Push Back on Japan’s Suspected Intervention Again
[Yahoo/Bloomberg] Oil Rises After Dropping to Seven-Week Low on US Inventory Gain
[Reuters] US weekly jobless claims unchanged; layoffs decline in April
[Dow Jones] U.S. trade deficit clings to the highest level in almost a year
[Yahoo/Bloomberg] Blackstone Taps Vast Source of Cash in $1 Trillion Credit Push
[Yahoo/Bloomberg] Japan Tries to Maintain Mystery on Whether it Intervened on Yen
[Reuters] Japan's May 1 intervention may have cost $23.6 bln, BOJ data shows
[Yahoo/Bloomberg] Yen’s Sustained Weakness Frustrates Even Japanese Exporters
[CNBC] World’s largest olive oil producer says the industry faces one of its toughest moments ever
[Bloomberg] US Labor Costs Rise by Most in a Year as Productivity Cools
[NYT] What Will It Take for the Fed to Lower Rates?
[WSJ] Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver’s Seat
[WSJ] The Treasurys Market Is Getting Squeezed From All Sides
[WSJ] The Exodus of China’s Wealthy to Japan
[FT] Jay Powell’s dilemma: the US economy is too strong to cut rates
[FT] Bond market liquidity squeeze keeps regulators alert to risks
[FT] Japan is haunted by a return to emerging-economy status
[Yahoo/Bloomberg] Stocks Slide With Markets Bracing for Powell: Markets Wrap
[Reuters] Dollar near five-month high ahead of Fed policy decision
[Yahoo/Bloomberg] Oil Slumps Below $85 With US Inventories Seen Rising Before Fed
[CNBC] Bitcoin nosedives below $57,000 to two-month low ahead of U.S. Fed decision
[Yahoo/Bloomberg] Traders Count Down to Fed With No Relief in Sight for Bonds
[Yahoo/Bloomberg] Fed to Signal Delay of Interest-Rate Cuts
[CNBC] Private payrolls increased by 192,000 in April, more than expected for resilient labor market
[CNBC] Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
[Reuters] US Treasury announces $125 bln refunding for May to July quarter
[Yahoo/Bloomberg] Banks Rent Rivals’ Balance Sheets to Skirt Capital Rules
[Yahoo/Bloomberg] Bank of America Sounds Warning on Options-ETF Boom as Day Traders Plunge In
[Reuters] Ukraine launches drone attacks on several Russian regions, officials say
[Reuters] Philippines says Chinese coast guard elevating tensions in South China Sea
[Reuters] Taiwan on alert for post-inauguration Chinese drills
[NYT] What to Watch as the Fed Makes Its Interest Rate Decision
[FT] Microsoft to power data centres with big Brookfield renewables deal
[FT] Why Xi Jinping is afraid to unleash China’s consumers
[Yahoo/Bloomberg] Stocks Set for Monthly Drop as Traders Await Fed: Markets Wrap
[Yahoo/Bloomberg] Oil Recovers Near $83 With Focus on Middle East Cease-Fire
[Reuters] US labor costs increase more than expected in first quarter
[Reuters] Fed's balance sheet plans could take center stage this week
[Reuters] Quagmire anyone? Fed watchers try to divine a confusing state of play
[Reuters] Inflation hasn't lost its grip on bond markets yet
[Yahoo/Bloomberg] Treasury Yields to Stay Elevated on Supply Deluge, Barclays Says
[CNBC] Young Americans’ wealth grew by nearly 50% over the last 4 years—it’s not just from buying homes
[Reuters] Japan's top FX diplomat says ready to deal with yen around the clock
[Yahoo/Bloomberg] BOJ Accounts Suggest Japan Intervened Monday to Support Yen
[Reuters] Five charts on the Japanese yen's decades-long drop
[Reuters] Houthis attack four ships in Indian Ocean, Red Sea
[Reuters] Israel will enter Rafah with or without Gaza hostage deal, Netanyahu says
[Reuters] Residents of northern Israel brace for possible all-out war with Hezbollah
[Reuters] China to step up support for economy, flexibly use policy tools, Politburo says
[Yahoo/Bloomberg] China’s Leaders Hint at New Plan to Fix Biggest Drag on Economy
[Reuters] China's slow April factory, services activity dents economic mom
[Reuters] China's coast guard expels Philippine vessels from Scarborough Shoal, state media says
[Bloomberg] Why AI Is So Expensive
[Bloomberg] TikTok, Tesla Show US-China Battle Over Data Is Just Beginning
[NYT] High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.
[WSJ] Office-Loan Defaults Near Historic Levels With Billions on the Line
[WSJ] BOJ Data Suggest Yen-Buying Intervention of Tens of Billions of Dollars
[WSJ] Japan Govt to Respond Firmly to Excessive FX Movements, Top Currency Official Says
[WSJ] China Hints at Rate Cuts, Property-Market Support as It Warns of Rising Uncertainties
Q4 Review - 2023 Preview
Thursday, January 19, 2023 – 4:00pm Eastern / 2:00pm Mountain
David McAlvany
Doug Noland
Credit Bubble Weekly
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