September 6, 2023
“…With food and energy costs on the rise, the pace of annual price gains soared to 58.9% last month from almost 48% in July, according to Turkey’s statistical office. The median estimate in a Bloomberg poll of economists was 55.9%.… Continue Reading…
September 4, 2023
“Money-market fund assets reached a new all-time high this week as interest rates above 5% continue to attract investors at a time when the Federal Reserve appears determined to keep rates elevated for some time… Since the beginning of January deposits at… Continue Reading…
September 4, 2023
“…Europe’s main bank stock index fell almost 3% on Aug. 8, after the Italian government announced plans to impose a 40% windfall tax on banks’ profits. The move caught traders off guard and sent shockwaves throughout the continent. The market… Continue Reading…
August 30, 2023
“Britain’s broad money supply has stopped growing for the first time in at least 13 years, a reading that will deepen concerns among monetarists urging the Bank of England to show restraint in its battle against inflation… King warned in… Continue Reading…
August 30, 2023
“…In late July, the central bank estimated that it would require the U.K. Treasury to backstop £150 billion ($189 billion) of losses on its asset purchase facility (APF)… Raja concluded that the cost to the Treasury of indemnifying the central bank over… Continue Reading…
August 25, 2023
“On the final day of the annual BRICS summit in Johannesburg on Thursday, leaders of the group announced Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the United Arab Emirates (UAE) will join their ranks starting Jan. 1… But Gregory Daco,… Continue Reading…
August 18, 2023
“…The benchmark 10-year yield BX:TMUBMUSD10Y finished at its highest close since Nov. 7, 2007, at 4.307%, while the 30-year rate BX:TMUBMUSD30Y ended at 4.411% or its highest since April 28, 2011. The 30-year rate has jumped 87.3 basis points since April, while its 10-year counterpart… Continue Reading…
August 15, 2023
“A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades on dozens of U.S. banks that could even include the likes of JPMorgan Chase“ https://www.cnbc.com/2023/08/15/fitch-warns-it-may-be-forced-to-downgrade-dozens-of-banks.html How does it feel JPMorgan?… Continue Reading…
August 14, 2023
“One of China’s largest private wealth managers has triggered fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield investment products. The turmoil at Zhongzhi Enterprise Group Co., a secretive financial conglomerate that… Continue Reading…
August 9, 2023
https://finance.yahoo.com/m/1f9b0a3e-858d-3724-bcb4-0dfe23a5d302/u-s-credit-card-balances.html This article is behind a pay wall but I want to comment on something. Now is the worst time ever to have bad debt. This is prime time to pay debt off. Keep some reserves. The biggest investment opportunity… Continue Reading…
Recent Comments