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Especially from the Credit Bubble perspective, it was a troubling week. A more hawkish Fed Chair in the face of escalating systemic risk. Two bank failures, including a spectacular bank run dooming an institution with assets exceeding $200 billion – the largest failure since Washington Mutual’s September 2008 collapse – and the second largest in […]
[CNBC] Stocks rise after jobs report show payrolls growth, slight wage gain [Reuters] Global shares hit by jittery banks ahead of U.S. payrolls [Reuters] Europe’s banks sucked into global rout as high rates reality hits home [Reuters] SVB Financial shares slide again on concerns over balance sheet [CNBC] Payrolls rose 311,000 in February, more than […]
Gold has hit its short-term bottom now at $1805 based on recent trading, with slight RSI divergence on the 4-hour charts signaling a likely short-term reversal. The US Dollar Index stalled right above the 382 fib with multiple indicators lining up around the 107 mark. Silver saw a decline on Tuesday during the Fed testimony, […]
[Yahoo/Bloomberg] Stocks Retreat in Anticipation of Higher Fed Rates: Markets Wrap [Reuters] Oil steadies as French strike and weaker dollar balance recession fears [Barron’s] Jobless Claims Rise to Highest Level Since Christmas [Reuters] U.S. job cuts over Jan-Feb hit highest since 2009 – report [Reuters] Factbox: What’s in Biden’s budget: taxes on buybacks, rail […]
[Yahoo/Bloomberg] Stocks Steady After Powell-Shock Selloff: Markets Wrap [Yahoo/Bloomberg] China Bears Brunt of Asia Tech Selloff After Hawkish Powell Talk [Reuters] Powell’s warning on higher U.S. rates pushes dollar to 3-mth high [Reuters] U.S. private payrolls increase in February -ADP [Yahoo/Bloomberg] US Mortgage Rates Increase for a Fourth-Straight Week [Yahoo/Bloomberg] Global Investors Contemplate Fallout From […]
Aggressive Private Equity Companies See Conservative Insurance Companies As Cash Cow Dramatic Sudden Increase In Mortality Numbers Stymie Actuaries Xi’s China: A People Control Machine Insurance Companies Targeted By Fast & Loose Profiteers March 8, 2023 “What the Fed is telling you this week, what they have been telling you: higher for longer. What they’re […]
[Yahoo/Bloomberg] Stocks Edge Higher as Treasuries Hold Below 4%: Markets Wrap [Yahoo/Bloomberg] Oil Steadies Near Five-Week High Ahead of Fed Chair Testimony [Yahoo/Bloomberg] European Bonds Get a Respite From Softer Inflation Expectations [Reuters] Fed’s Powell, in Hill appearance, to update views on status of ‘disinflation’ [AP] Senate will grill Powell over Fed efforts to […]
The Ukraine war notwithstanding, most wars in the modern era have been waged with dollars and credit rather than jets and tanks—within the First and Second Worlds at any rate. And while the dogs of war are clearly—and disconcertingly—licking their chops, dollar diplomacy (or its modern heir) remains the preferred strategy. How long will that […]
