War clouds seem to be gathering over the Taiwan strait. Since at least October 2021, the island nation of 23 million people has been at the centre of protracted military tension with the People’s Republic of China determined to press its claim to Taiwan. However, these doldrums risk spiralling into conflict and threatening the… Read...Read More
President Joe Biden said in a “60 Minutes” interview that aired Sunday that inflation is showing signs of easing. While inflation didn’t increase as much last month as it did earlier in the year, it still remains high. And consumers are showing mixed signs about their confidence. Do you feel like the economy is getting...Read More
Daniel Grizelj What was support is now most likely resistance, as the S&P 500 rallied back to the 3,900 level in what was a surprisingly strong day for stocks to start the week. This was even more impressive considering that the 10-year Treasury yield rose to a new 11-year high of 3.5%, while the 2-year...Read More
Federal Reserve officials are under pressure to prove they are serious about stamping out elevated inflation by backing up their hawkish rhetoric with a new set of interest rate projections set to be published this week. Following its two-day policy meeting, the Federal Open Market Committee is on Wednesday expected to raise interest rates by...Read More
‘Clearly what IMF had characterized as a global economic slowdown has only intensified in recent weeks and months’ By Kiran N. Kumar On Friday, Sep 16, the US market sent out signals of an imminent economic slowdown with FedEx Corp registering a sharp drop in package deliveries, its shares suffering a loss of 21%, its...Read More
Week-end Wrap – Political Economy – September 18, 2022 by Tony Wikrent Economics as cultural warfare Our Ancestors Thought We’d Build an Economic Paradise. Instead We Got 2022 Brad DeLong [Time, via Naked Capitalism 9-11-2022] Adapted from DeLong’s new book, Slouching Towards Utopia: An Economic History of the Twentieth Century, published by Basic Books…. …the first...Read More
Stubbornly high inflation and the sagging economic growth have left investors worried, as the Federal Reserve has signaled more rate hikes could come. “Rich Dad, Poor Dad” author Robert Kiyosaki took to Twitter on Sunday to warn of what lies ahead for the economy and investors. The best-selling author highlighted the huge debt pile of the U.S. He...Read More
A tough year in markets is leading some investors to seek refuge in cash, as they capitalise on higher interest rates and await chances to buy stocks and bonds at cheaper prices. The Federal Reserve has roiled markets in 2022 as it implements huge rate hikes in an effort to moderate the steepest inflation in...Read More
Wall Street is daring Fed Chairman Jerome Powelll to stop raising rates. But without a real … [+] recession and with inflation at 40 year highs, why stop now? (Photo by Kevin Dietsch/Getty Images) Getty Images The global economy, led by the Western world, looks pretty broken, does it not? Vanguard’s not worried. They don’t...Read More
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