- Despite Rising Inflation, Experts Say the Fed Won’t Budge on Rates
The U.S. Federal Reserve won't step in to temper rising inflation any time soon, market watchers have said, despite surging yields that have roiled global stock markets.
- 2 hours ago, 5 Mar 21, 4:11pm -
- #MacroView: The Feedback Loop Between The Fed & The Elite.
Years of profligate monetary policy has created a feedback loop between the Fed and the elite. While the rich own assets, the bottom 90% own the debt.
- 3 hours ago, 5 Mar 21, 4:02pm -
- Dollar Jumps as U.S. Jobs Growth Beats Expectations
The dollar jumped on Friday after data showed jobs growth beat expectations in February, backing up the view of Federal Reserve officials who have said that a recent rise in U.S. government bond yields is justified by an improving economic outlook.
- 3 hours ago, 5 Mar 21, 3:55pm -
- The $1.9 Trillion Biden Spending Plan Is Even Worse Than You Think
This so-called stimulus plan directly rewards states that performed dismally and corruptibly over the past year.
- 3 hours ago, 5 Mar 21, 3:42pm -
- Fed's Balance Sheet Going to Infinity and Beyond @Econimica
- 3 hours ago, 5 Mar 21, 3:27pm -
- US Debt on Track to Double by 2051, Raising Risk of Financial Crisis, CBO Says
The U.S. federal debt burden will double over the next 30 years, reaching 202% of economic output in 2051, as deficits grow and interest rates eventually rise, the Congressional Budget Office said on Thursday in its latest long-term budget projection…
- 3 hours ago, 5 Mar 21, 3:12pm -
- US Trade Deficit Widens in January as Imports Accelerate
The US trade gap increased slightly in January as imports grew at a faster pace than exports and economic activity continued to pick up after the pandemic shutdowns, according to government data released Friday.
- 3 hours ago, 5 Mar 21, 3:07pm -
- Doing Too Little in This Moment of Crisis Will Come Back to Haunt the U.S.
The $1.9 trillion American Rescue Plan (ARP) is essential to a robust and equitable recovery. The risk of doing too little is far greater than the risk of doing too much, and the American Rescue Plan meets the scale of the crisis.
- 4 hours ago, 5 Mar 21, 2:56pm -
- Legendary Investor Jim Rogers Warns of 'Bubble Stocks,' Predicts a Gold-and-Silver Boom
"Both gold and silver are going to go through the roof. History shows that whenever people lose confidence in governments and money, all of us peasants buy gold and silver. Peasants like me have some gold in the closet. We like to have some silver un…
- 5 hours ago, 5 Mar 21, 1:52pm -
- Gold’s Slump Boosts Indian Buying Ahead of Wedding Season
Indian gold buyers sidelined for most of the past year due to surging costs are now snapping up bullion as a drop in prices unleashes pent up demand.
- 5 hours ago, 5 Mar 21, 1:45pm -
- 10-Year Treasury Yield Jumps to New High for the Year of 1.62% after Strong Jobs Report
The yield on the benchmark 10-year Treasury note rose to 1.61% at 8:30 a.m. ET. The yield on the 30-year Treasury bond rose to 2.348%. Yields move inversely to prices.
- 5 hours ago, 5 Mar 21, 1:39pm -
- U.S. 10-Yr Treasury Yield to Hit 1.9% by Year End -Goldman Sachs
Stronger economic data should push the benchmark 10-year U.S. Treasury yield up to 1.9% by the end of 2021, according to Goldman Sachs' latest forecast released on Thursday.
- 5 hours ago, 5 Mar 21, 1:37pm -
- Covid Live Updates: CNBC
The U.S. is averaging roughly 64,400 new Covid-19 cases per day, according to a seven-day average calculated by CNBC using Johns Hopkins University data.
- 5 hours ago, 5 Mar 21, 1:31pm -
- 10-Year Treasury Yield Holds Above 1.5% Ahead of February Jobs Report
The 10-year U.S. Treasury yield held above the 1.5% level on Friday, ahead of data out later in the morning showing the number of jobs added in February.
- 5 hours ago, 5 Mar 21, 1:25pm -
- 10Y Treasury Hits A Stunning -4.25% In Repo As Yields Blow Out
Effectively, it meant that an investor in the repo market lending money so others could short the 10Y ends up paying rather than getting paid. Needless to say, this is a clear breach of one of the most fundamental relationships in the repo market, wh…
- 5 hours ago, 5 Mar 21, 1:23pm -
- Senate Takes First Step Toward Passing $1.9 Trillion COVID Relief Bill
Senate Democrats hope to pass the $1.9 trillion coronavirus relief bill by this weekend as they try to renew unemployment aid programs.
- 5 hours ago, 5 Mar 21, 1:18pm -
- Too Much Stimulus in the U.S. May Bring 'Imported Inflation' to China, Economists Warn
Worries over “imported inflation” come as China considers how to manage growth in an economy recovering from Covid-19, while still dealing with problems of high debt levels and a housing bubble.
- 5 hours ago, 5 Mar 21, 1:14pm -
- European Markets Pare Losses After Fed Comments Reignite Global Stock Jitters
U.S. Federal Reserve Chair Jerome Powell said the economic reopening could “create some upward pressure on prices,” noting that he expects the central bank to be “patient” on policy action even if the economy sees “transitory increases in i…
- 5 hours ago, 5 Mar 21, 1:12pm -
- Gold Settles at 9-Month Low as Powell’s Comments Help Strengthen the Dollar, Bond Yields
Gold futures decline Thursday, with bullion settling at its lowest in nine months, amid a weekly rise in the U.S. dollar and U.S. Treasury yields holding...
- 21 hours ago, 4 Mar 21, 9:14pm -
- Doubling Down: Silver & Commodities
Join Mike Maloney, Jeff Clark and Adam Taggart as they discuss the most recent events in silver. You’ll hear news on a new book, see a chart that proves silver is manipulated, and one of the guests will be ‘honked’ for referring to currency as…
- 21 hours ago, 4 Mar 21, 9:13pm -
- 28 Trillion Reasons to Have a Plan B
At the close of business on Monday March 1st, just a few days ago, the US national debt crossed $28 trillion for the first time in history. To the penny, in fact, the national debt hit $28,004,376,276…
- 22 hours ago, 4 Mar 21, 9:00pm -
- Powell: Disinflationary Pressures Not Going to Go Away Quickly
Says we are committed to staying on playing field with our tools until 'job is really done'...
- 22 hours ago, 4 Mar 21, 8:23pm -
- Cost of Borrowing U.S. Treasuries in Repo Market Goes Negative
The cost of borrowing U.S. Treasuries in the overnight repurchase agreement, or repo market, went negative on Thursday caused by the recent sell-off in rates, traders said.
- 23 hours ago, 4 Mar 21, 7:58pm -
- Here's Why Inflation Is Kryptonite for Bonds as Powell's Comments Rock Markets
Powell said the recent leap in yields was “notable and caught my eye,” but didn’t sound any alarm. Instead, he said he would be concerned only by “disorderly conditions” in the market, which he did not indicate to be case even though yields…
- 23 hours ago, 4 Mar 21, 7:54pm -
- Eviction Moratorium Leaves Small Landlords Struggling
While the moratorium technically doesn’t apply to every residential tenant, qualifying for it is relatively easy. According to the National Low Income Housing Coalition, a tenant needs to give the landlord a written declaration, subject to the pena…
- 23 hours ago, 4 Mar 21, 7:51pm -
- Amazon Launches Its First Cashierless Store in Britain
Amazon Fresh uses the same technology pioneered by the tech giant's Amazon Go stores in the U.S.
- 23 hours ago, 4 Mar 21, 7:42pm -
- The Expanded Permanent $3,000 Child Tax Credit Would Help 10 Million Kids Living in Poverty
Democrats push to make $3,000 child tax credit permanent as new research shows expanded credit lifts 10 million children above or closer to the poverty line.
- 23 hours ago, 4 Mar 21, 7:39pm -
- When Does This Travesty of a Mockery of a Sham Finally Implode?
The mutually reinforcing crises aren't in the future, they're here now, and Jay Powell's shuck-and-jive has lost its magical powers to cloak the rot with speculative bubbles.
- 23 hours ago, 4 Mar 21, 7:15pm -
- Democrats Propose a "Fair Way" Forward. Who Gets the Free Money?
Democrats revised their $1.9 trillion Covid "American Rescue Plan of 2021". Let's investigate the details.
- 23 hours ago, 4 Mar 21, 7:10pm -
- Was That the IPO Stocks Bubble that Just Popped?
When there are suddenly second thoughts in this market powered by so much blind and crazy exuberance, the entire foundation begins to wobble.
- 24 hours ago, 4 Mar 21, 7:06pm -
- Mall Owner Washington Prime Reportedly Preparing to File for Bankruptcy Protection
Last month, Washington Prime skipped a $23 million interest payment and said it would be entering a 30-day grace period to continue negotiations with lenders.
- 24 hours ago, 4 Mar 21, 6:59pm -
- Sell-off Intensifies After Powell’s Inflation Remarks, Dow Drops 650 Points and Nasdaq Falls 2.5%
U.S. stocks fell in volatile session Thursday, headed for a third straight losing day after Federal Reserve Chair Jerome Powell’s comments on inflation sparked a jump in bond yields.
- 24 hours ago, 4 Mar 21, 6:55pm -
- Will Bond Yields Fastest Rise In 50 Years Rattle Markets?
The waterfall decline of bond yields (and interest rates) has been met with an equally steep rally. In fact, the 10-Year US Treasury bond yield is up 131% in 45 weeks, making it the biggest rally in 50 years! See the chart
- 24 hours ago, 4 Mar 21, 6:49pm -
- The Great Reset Is Coming for the Currency
No technology or government mandate can change the fact that gold and silver have universally recognized, inflation-resistant value.
- 1 day ago, 4 Mar 21, 6:02pm -
- Fed Chairman Powell Says Economic Reopening Could Cause Inflation to Pick up Temporarily
The Fed currently is buying $120 billion a month in Treasurys and mortgage-backed securities. Recent market chatter has revolved around the central bank potentially implementing a new version of “Operation Twist,” in which it sells short-term not…
- 1 day ago, 4 Mar 21, 5:47pm -
- Watch Live: Will Fed Chair Powell Give The Market What It Wants?
Will he or won't he? The bond and stock markets are definitely calling Jay Powell's bluff ahead of his speech as chatter of The Fed "losing control" of the yield curve and the potential disaster of the expiration of SLR exemption have the Fed Chair c…
- 1 day ago, 4 Mar 21, 5:02pm -
- Jim Grant: Fed Has Left Us With A Bond Market That's "All But Destroyed"
Jim Grant of Grant's Interest Rate Observer recently made an appearance on WealthTrack with Conseulo Mack to talk "Financial Bubbles of Historic Proportions". Grant covered numerous topics on the macroeconomic picture.
- 1 day ago, 4 Mar 21, 4:55pm -
- Market Cap to GDP: An Updated Look at the Buffett Valuation Indicator
With the Q4 GDP Second Estimate and the February close data, we now have an updated look at the popular "Buffett Indicator" -- the ratio of corporate equities to GDP. The current reading is 189.5%, up from 176.6% the previous quarter.
- 1 day ago, 4 Mar 21, 4:49pm -
- Don’t Put All Your Eggs in the Yield Curve Control Basket Just Yet': Steen Jakobsen, SAXO
Gold is your indicator for yield curve control and real interest rates. Speculative equities and those valued at nosebleed multiples of even the steadiest of free cash flow yields could be another.
- 1 day ago, 4 Mar 21, 4:41pm -
- Dr. Copper Delivers A Diagnosis Of Inflation: Felder
The recent breakout in the copper price suggests core inflation is likely too low at present and will soon begin to trend higher over the next couple of years. Because asset prices of all sorts have seemingly discounted a ‘lower for longer’ envir…
- 1 day ago, 4 Mar 21, 4:19pm -
- 'Inflation Is Likely to Increase Over the Course of the Year,': Economist
AllianceBernstein Senior Economist, Eric Winograd, joined Yahoo Finance Live to break down why inflation may increase over the course of the year.
- 1 day ago, 4 Mar 21, 4:10pm -
- JP Morgan Is Trying To Offload "Big Blocks" Of Corporate Manhattan Real Estate
And it isn't just corporations packing up their entire operations and moving to tax havens like Florida, as we have noted for the last year, it's also firms cutting back on the amount of corporate real estate they use in the city. JP Morgan is the la…
- 1 day ago, 4 Mar 21, 4:06pm -
- Biden Administration Singles Out China as 'Biggest Geopolitical Test' for U.S.
“It is the only competitor potentially capable of combining its economic, diplomatic, military, and technological power to mount a sustained challenge to a stable and open international system,” the national security document said of China.
- 1 day ago, 4 Mar 21, 4:00pm -
- U.S. Yields Put Emerging Bonds at Tipping Point
Emerging-market bonds are becoming increasingly vulnerable as Treasury yields climb with the level of 2% on the U.S. 10-year note likely to trigger major outflows, according to Man Group Plc, which oversees $124 billion.
- 1 day ago, 4 Mar 21, 3:53pm -
- Senate Republicans Plan to Exact Pain before COVID Relief Vote
Republicans are demanding a full, 600-page bill reading — and painful, multi-hour "vote-a-rama" — as Democrats forge ahead with their plan to pass President Biden's $1.9 trillion COVID-19 relief package.
- 1 day ago, 4 Mar 21, 3:50pm -
- Nasdaq Falls Another 1% Amid Rate Fears, Turns Negative for 2021
U.S. stocks fell for a third straight session Thursday as investors continued to dump high-flying tech shares amid fears about rising interest rates.
- 1 day ago, 4 Mar 21, 3:41pm -
- Facebook Trains A.I. to ‘See’ Using 1 Billion Public Instagram Photos
Facebook has built an AI program called "SEER" that can tell what it is looking at. It did this by feeding it over 1 billion public images from Instagram.
- 1 day ago, 4 Mar 21, 3:23pm -
- Dollar Is Increasingly Overvalued as Deficit Widens, IIF Says
The dollar has become increasingly overvalued thanks to a swelling U.S. current-account deficit, according to the Institute of International Finance. China’s yuan is the mirror image, becoming increasingly undervalued, the IIF found in a periodic a…
- 1 day ago, 4 Mar 21, 3:08pm -
- Longest Surge in Food Prices Since ‘08 Hits Poorest Nations Most
The surge in food prices that’s eating into consumer budgets and hitting some of the poorest nations shows few signs of abating. A United Nations gauge of global costs rose for a ninth straight month in February, the longest run since 2008, when th…
- 1 day ago, 4 Mar 21, 3:03pm -
- COVID Updates: CNBC
The U.S. is recording at least 65,400 new Covid-19 cases and at least 1,900 virus-related deaths each day, based on a seven-day average using JHU data.
- 1 day ago, 4 Mar 21, 1:46pm -
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