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Clarity In the Fog of War According to the latest UMich consumer sentiment data, fear is now very real among Americans. U.S. consumer sentiment has fallen to one of the lowest readings on record, and long-term inflation expectations have surged to the highest level since 1991. At the same time, year-ahead inflation expectations are the […]
After three decades, I remain as skeptical as ever. Unconstrained Credit is destabilizing. Market-based (as opposed to traditional bank) finance took hold during the nineties and never looked back. Between July 1990 and September 1992, the Greenspan Fed slashed rates 525 bps to an at the time unprecedented 3.0%. It was desperate times. The eighties […]
[CNBC] Stock futures slide after 3-day winning streak: Live updates [Yahoo/Reuters] Oil prices set for weekly loss on potential for more global supply [Yahoo/Bloomberg] Xi Seeks Detente With Europe as Trump Tariffs Alienate Bloc [Yahoo/Bloomberg] Trump ‘misjudged’ China on trade war, Chinese adviser says [Yahoo/Bloomberg] Trump Sees Trade Deals Coming in Three to Four Weeks […]
Gold reached a new all-time high, finally hitting $3,500 as predicted. Silver gained ground, recovering from recent losses, while other metals remained flat. Let’s take a look at where the prices of precious metals stand as of Wednesday, April 23: The price of gold is up around 2% as of this recording. Intraweek, gold rose […]
[Yahoo/Bloomberg] Stocks Fluctuate on Tariff Concern as Dollar Slips: Markets Wrap [Yahoo/Bloomberg] US Officials Mull Easing Tariffs Targeting the Auto Industry [AP] US filings for jobless benefits inch up as labor market remains strong despite fears of downturn [AP] Most Americans expect higher prices as a result of Trump’s tariffs, a new AP-NORC poll finds […]
[CNBC] Dow futures jump 700 points after Trump says he doesn’t plan to get rid of Fed chief: Live updates [CNBC] 10-year Treasury yield dips after Trump backtracks plans to axe Fed chief [Reuters] Oil prices down about 1% after Kazakhstan defiance on high crude output [AP] US Treasury secretary says trade war with China […]
Outflows Out Of U.S. Assets Going Into Gold Goldman Sachs Increases Gold Price Prediction China Increases Gold Imports On High “So this is why I would say equities are a sideshow, the weakness in equities, the current compression across the indices. Relative to the bond market and currency market, that’s what it is. It’s a […]
[Yahoo/Bloomberg] Gold Hits $3,500 as Trump’s Fed Broadside Sparks Flight to Haven [Yahoo/Bloomberg] US Stocks Climb as Global Volatility Eases: Markets Wrap [Reuters] Asia fights drag from Wall St as US assets buckle [Reuters] Oil prices climb on short-covering, but tariff concerns linger [Axios] Trump tariffs will undercut U.S. growth and drag the world down, […]
