The stock market’s ongoing rally is the calm before the storm, according to JPMorgan Asset Management’s CIO. Bob Michele told CNBC that current market conditions remind him of the March-to-June period of 2008. “We’re seeing things that […]
After a solid 3Y auction this morning, expectations were for smooth passage in the day’s second note sale at 1pm, when the Treasury would sell $32BN in a 9-Y 11-Month reopening of benchmark 10Y paper. […]
If Powell was on the fence about a Fed “hawkish skip” or whatever the June pause is now called, the latest monthly data just released by the NY Fed Consumer Survey should help allay his […]
Authored by Pepe Escobar, U.S. Think Tank Land hacks are not exactly familiar with Montaigne: “On the highest throne in the world, we still sit only on our own bottom.” Hubris leads these specimens to […]
Authored by Mike Shedlock via MishTalk.com, Interest-only loans as a share of new commercial mortgage-backed securities issuance increased to 88% in 2021, up from 51% in 2013, according to Trepp… Share of Interest Only Commercial […]
It’s been a while since the market considered the possibility of a yuan devaluation: after the latest Chinese trade data it’s time to start seriously thinking about it once again. Overnight, China reported May trade […]
The year 2020 marked parity between the total GDP of the G7 (the U.S. plus allies) and the total GDP of the BRICS group (China plus allies). Since then, the BRICS economies grew faster than […]
(Bloomberg) — For an illustration of how wildly different the debate around ESG is in Europe and the US, look no further than the German state of Baden-Württemberg. One of the richest regions in Europe’s […]
Authored by MN Gordon via EconomicPrism.com, Much of legislative activity is grossly overcomplicated. This is because honest governance is missing from the process. The simple and honest way to put headspace between the debt […]
Video Duration 28 minutes 00 seconds 28:00 Foreign ministers of the BRICS nations have been meeting in Cape Town with South Africa hosting fellow members Brazil, Russia, India and China. The group began somewhat informally […]
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