That surge in the economy that has been falsely promised for five years in a row and that was supposed to solve all problems and rationalize the sky-high stock prices? The Fed has wiped it from its vision of the future.
This is not to say that it won’t go on longer or won’t get wilder. There are already people with lampshades on their heads. And girls are dancing on the tables.
The word “gloomier” inconveniently shows up to describe CEOs’ outlook.
Doctor’s insight: Bookies call it the “vig,” insurance companies call it a “PPO Repricing Fee.” It allows them to go around state insurance laws.
Even venture capital is worried. ‘The crazier things get, the worse people execute’
By birth I am English, with Scottish and Welsh ancestry. I like that our cultures are rich, intertwined, yet different. But if I were Scottish and had the opportunity to escape the politics of Westminster, I’d vote for independence in a heartbeat.
Targeted by an ever tightening sanction spiral, Russian companies and individuals decided not to be sitting ducks.
This is what’s not happening in the housing market: young people buying homes — even though there are falling mortgage costs and rising rents.
The “New China?” Mexico has been there before. It led to the devastating Tequila Crisis and the bailout of foreign banks. But this time, it’s going to be different.
The American Dream? Not for millennials.
By ISA Intel: OPEC, other major oil suppliers are more worried than they are letting on. They need high oil prices to fund their governments.
Rents and housing costs make up 30% of the Consumer Price Index. They’re its largest component. They’re soaring in real life. But not in the CPI.
The spike came with no trader buzz. The buying was all electronic and instantaneous. But what will algos do when momentum flips?
Sweet Spot: Homes above $15 million.
LBO volume plunges to the lowest level since crisis year 2009.
San Francisco Fed: Investors are pricing in “a later liftoff date” for the federal funds rate and a slower pace of tightening than FOMC participants themselves.
An impoverished nation now finds a commodity to be too expensive though it really hasn’t changed in price in over four decades – in terms of silver.
The Fed’s policies have rewarded financial engineering at the expense of job creation.
Abenomics soothsayers and apologists are worried: the August debacle is hard to explain away, even for them.
Intended to provide a sense of serenity and security for wealthy city dwellers, gated communities are sprouting like transgenic mushrooms around the world.
Something has to give. And it’s not going to be the maxed-out American middle class.
In other words, oil is back. Big time. Along with a little noticed but crucial shift in White House rhetoric.
Financial engineers have taken over; actual engineers are relegated to an expense category that must be cut.
A whole system with convenient low-cost tools.
Even the comrades in Beijing know that China’s credit tsunami has unleashed a dangerous speculative mania that has no parallel in human history.
“We run carelessly to the precipice after we have put up a façade to prevent ourselves from seeing it.”
Subprime giveth, subprime taketh away.
Hapless American consumers appear to have hit a limit.
In China’s debt-fired economy, lenders are going to take the heat.
The tide may well be subtly turning against Monsanto and its fellow GMO oligopolies and in favor of independent food growers and consumers.