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Bank Lending Drops 90% In Q1 Is Taiwan In The Crosshairs By Year End? China Announces Big Gold Purchases As It Sells Treasuries China Puts Its Big Listening Ear In Cuba June 14, 2023 “There is something very compelling to cryptocurrencies in terms of their appeal to freedom of choice and privacy of transaction. And […]
[Yahoo/Bloomberg] Stocks Rise Amid Fed-Pause Bets; Yuan Down on PBOC: Markets Wrap [Yahoo/Bloomberg] UK Two-Year Yield Rises to Highest Since 2008 After Jobs Data [Yahoo/Bloomberg] Oil Rises From Three-Month Low as China Weighs Stimulus [Yahoo/Bloomberg] Yuan Pares Loss, Bonds Rally as Stimulus Report Boosts Sentiment [AP] US consumer price growth slowed last month, though underlying […]
Investing in a time of immense cultural and political change is like trying to rope a cow during an earthquake. (This is a theoretical analogy. The writer is no cowboy, even when the earth is not moving.) It’s hard enough when the cow, your horse, and your lariat are moving, when the earth moves too, […]
[Yahoo/Bloomberg] Stocks Edge Higher Before Slew of Rate Decisions: Markets Wrap [Yahoo/Bloomberg] Oil Slumps on Demand Woes as Goldman Cuts Outlook Again [Yahoo/Bloomberg] Iron Ore Sheds Nearly 5% After Goldman’s China Property Warning [Yahoo/Bloomberg] Fed Backs Away From Wages Focus, Bolstering Case for Rate Pause [Reuters] Factbox: Wall Street banks expect ‘hawkish pause’ from Fed […]
[Yahoo/Bloomberg] As Fed Signals Rate Pause, Powell Will Have to Placate Hawks [Yahoo/Bloomberg] Bond Traders Brace for Fed Meeting Fraught with Wildcards, Risks [Yahoo/Bloomberg] Crypto Weekend Slump Compounds Jitters of Investors Already on Edge [Reuters] US West Coast port workers shut down Port of Seattle [Yahoo/Bloomberg] Smoky Air Returning to NYC, US Northeast After a […]
Trading Places This week in 1983, the hit film Trading Places was released in theaters. Forty years later, financial markets may be preparing for some trading places of their own as bulled-up markets, higher year-to-date and now excessively exuberant for the first time in more than a year, are at increased risk of reverting back […]
[Yahoo/Bloomberg] Crypto Markets Slump as SEC Regulatory Crackdown Spooks Investors [Yahoo/Bloomberg] New York and East Coast Get Reprieve From Smoke as Skies Clear [Yahoo/Bloomberg] Fed Is First to Reach Crucial Junction in Global Inflation Fight [AP] Intense fighting reported in Ukraine as last nuclear reactor is shut down amid flooding [Yahoo/Bloomberg] Charting the global economy: […]
Not surprisingly, considering the March banking crisis, Non-Financial Debt (NFD) growth was tepid for the second straight quarter. At a 3.50% rate, Q1 NFD growth (from the Fed’s Z1 report) was up somewhat from Q4’s 3.19%, though it was notably slower than the annual rates in 2022 (5.72%), 2021 (6.35%) and 2020 (12.40%). Seasonally-adjusted and […]
