Existing home sales plunged a bigger than expected 7.2% MoM in February – the biggest MoM drop in existing home sales since May 2020…
Mortgages and other interest rates are rising and likely to keep going up with the Federal Reserve ending easy-money policies adopted during the pandemic.
Newsfeed: The Fed got inflation badly wrong — and now it admits there’s no quick fix Read More »
Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk posted in a Twitter thread on Monday advising followers to own “physical things” when inflation is high. In the tweet, Musk said “As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.
Peter Schiff doesn’t hold anything back … Yes, he’s outspoken and opinionated … But in a good way. He’s also highly intelligent, insightful, and always willing to share his irrepressible passion for economics and investing in his signature no-nonsense, easy-to-understand manner. Whether you’re Team Peter or not, we think it’s wise to listen to
Podcast: The Road Ahead – A Candid Conversation with Peter Schiff Read More »
Russia’s invasion of Ukraine and the sanctions that have been levied against it have sent shockwaves through global energy markets. Inventories in major oil-consuming developed economies, including in the United States, have been falling steadily.
Newsfeed: Oil Could See Its Biggest Supply Shock Since 1973 Read More »
After two soggy coupon auctions earlier this week, which saw both the 3Y and 10Y sales tail modestly with subpar internals, moments ago the US Treasury sold $20BN in a 30 year paper (technically a 29-year 11 month reopening of CUSIP TD0), in what can only be described as a stellar auction.
Newsfeed: Stellar 30Y Auction Sees Foreign Demand Surge To 2nd Highest On Record Read More »
Santelli sums up Democrats in 20 seconds …
Newsfeed: Rick Santelli nails it… Read More »
U.S. consumers paid more for a variety of goods and services in February compared to the prior month and year, with prices climbing across the economy amid lingering supply and demand imbalances.
Newsfeed: Inflation sets fresh 40-year high: February CPI rises 7.9% over last year Read More »
Consumer prices rose 7.9% in February, as compared to the same month in 2021, according to data from the Labor Department released in January.
With the Biden administration already setting the narrative yesterday that today’s inflation print could be ‘high’, and expectations for a headline print of +7.9% YoY (from +7.5% YoY in January), the bar was high for any surprises and the headline print came in right in the dot at +7.9% YoY – the highest since Jan 1982.
Newsfeed: US Consumer Prices Are Rising At Their Fastest Pace In Over 40 Years Read More »