Sudden and Violent Pains
While gas went down, food prices rose by more than 10%…the most since 1979. And rents are still going up, so much that a group of rent activists has asked the feds to declare yet another emergency!
Macroeconomics: Global Central Banks News & Highlights
Strike Three
Three things generally spelled doom for human societies — government, war, and inflation. And by the 21st century, all three were working against the US and its global empire
A Lollapalooza of Boondoggles
As is common for boondoggles of this sort, the spending is front-loaded — so the insiders get their money right away. As for the deficit and inflation reduction, they’re barely loaded on the truck at all…and will never actually be delivered.
Why We May See a Fed Rate Cut — Not Hike — in 2022
US inflation for July has officially cooled to 8.5%. That’s a decent reprieve from the 41-year high figure of 9.1% in June. For investors, this is a good sign that ‘peak inflation’ may really be behind us.
Stocks Haven’t Bottomed — the RBA Will Keep Raising Rates
It’s hard to believe but the tech-heavy Nasdaq is close to bull market territory. As research firm Bespoke pointed out last week, the index is up 19% from its closing low on 16 June. Our own S&P/ASX 200 is up 9% since a closing low on 20 June. And the S&P/ASX 200 Information Technology Index […]
The Markets Have Pivoted. But Have the Central Banks?
Markets have been waiting with bated breath for the Powell pivot. When would plunging stocks, bonds, property, and GDP trigger the strike price of the Powell put as they had triggered the Greenspan, Bernanke, and Yellen Put in crashes past?
