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Tag Archives: interest rates
Banks Sputter After Hawkish Fed Raises Rates
Banks Sputter After Hawkish Fed Raises Rates In March we warned of continued Fed rate hikes. In May, we reported on more rate hikes and their potential impacton stocks. In August, the QT “time bomb” started ticking… On Wednesday, the Fed raised rates for the eighth time since tightening started. But the KBE Bank ETF — which holds Bank of America and Citigroup […]
Mike Pento Warns Global Central Banks Are Entering The Danger Zone
Mike Pento Warns Global Central Banks Are Entering The Danger Zone Authored by Michael Pento via PentoPort.com, Investors are experiencing huge moves in commodities, currencies, equities and in sovereign debt across the globe. And now the fall has arrived. Expect the volatility currently witnessed in markets to only surge. This is because global central banks […]
Emerging Markets Slammed By Soaring Oil Prices
Emerging Markets Slammed By Soaring Oil Prices US consumers may be cursing rising gasoline prices which are rapidly approaching an average of $3.00 across the nation as Brent hits a new 4 year high above $84, but that is nothing compared to the horror that motorists across most emerging markets are facing. With currencies across […]
Government Are Just Going Broke
Governments Are Just Going Broke The events in the Senate concerning the nomination of Brett Kavanaugh’s illustrates that career politicians are destroying our way of life because they are so intent on just beating the opposite party that nobody is paying attention to the real problems we are staring at straight in its eyes. We face a […]
Why Rising Mortgage Rates Threaten Canada’s Banks
Why Rising Mortgage Rates Threaten Canada’s Banks Wolf Richter with Jim Goddard on This Week in Money: Interest rates will continue to rise in the US and Canada. In both countries, potential buyers face affordability issues, which puts a damper on demand. But in Canada, variable-rate and adjustable-rate mortgages dominate (while ARMs are only 6% of […]
Getting Serious About Debts and Deficits
Getting Serious About Debts and Deficits Photo Source CafeCredit.com | CC BY 2.0 With the possibility that the Democrats will retake Congress and press demands for increased spending in areas like health care, education, and child care, the deficit hawks (DH) are getting prepared to awaken from their dormant state. We can expect major news […]
Druckenmiller: We’re At The Point In The Rate-Hike Cyle Where ‘Bombs Are Going Off’
Druckenmiller: We’re At The Point In The Rate-Hike Cyle Where ‘Bombs Are Going Off’ Despite the consensus view heading into 2018 that the Treasury yield curve would finally steepen as the Federal Reserve raised interest rates 4 times in 2018 (and possibly again in 2019), driving US stocks lower as higher interest rates brought the […]
One Step Closer to Recession
One Step Closer to Recession As you know by now, the Federal Reserve raised interest rates again yesterday, its eighth increase since the rate hike cycle began in 2015. In his post-announcement press conference, Jerome Powell cited a strong economy, low unemployment, solid growth, etc. He said that “It’s a particularly bright moment” for the […]
The Stock Market Just Crashed In Italy, And Argentina Has Panic-Raised Interest Rates To 65 Percent
The Stock Market Just Crashed In Italy, And Argentina Has Panic-Raised Interest Rates To 65 Percent In the 9th largest economy in the world, the financial markets are crashing, and in the 21st largest economy in the world the central bank just raised interest rates to 65 percent to support a currency that is completely […]
Marty Feldstein Warns “Another Recession Looms…” And The Fed’s Out Of Ammo
Marty Feldstein Warns “Another Recession Looms…” And The Fed’s Out Of Ammo Authored by Martin Feldstein, op-ed via The Wall Street Journal, And unlike in the past, the Federal Reserve has little room to encourage growth by reducing rates… Ten years after the Great Recession’s onset, another long, deep downturn may soon roil the U.S. […]
Argentina Hikes Rates To 65% As Peso Plunges To New Record Low
Argentina Hikes Rates To 65% As Peso Plunges To New Record Low It appears the market is willing to test BCRA’s mettle as it pukes pesos down to a new record low against the greenback and pushes towards the bottom of its new “no intervention” band. The new record low is now 41.54/USD… While not […]
How the Crisis Caused a Pension Train Wreck
How the Crisis Caused a Pension Train Wreck We’ve been writing for some time that one of the consequences of the protracted super-low interest rate regime of the post crisis era was to create a world of hurt for savers, particularly long-term savers like pension funds, life insurers and retirees. Even though the widespread underfunding […]
The Everything Bubble: When Will It Finally Crash?
The Everything Bubble: When Will It Finally Crash? Much like the laws of physics, there are certain laws of economics that remain constant no matter how much manipulation exists in the markets. Expansion inevitably leads to contraction, and that which goes up must eventually come down. Central banks understand this reality very well; they have […]
The World’s Fragile Economic Condition – Part 1
The World’s Fragile Economic Condition – Part 1 Where is the world economy heading? In my opinion, a large portion of the story that we usually hear about how the world economy operates and the role energy plays is not really correct. In this post (to be continued in Part 2 in the near future), I […]
Beware The Zombies: BIS Warns That Non-Viable Firms Are Crippling Global Growth
Beware The Zombies: BIS Warns That Non-Viable Firms Are Crippling Global Growth Ten years after central banks unleashed a period of record low interest rates, the central banks’ central bank is warning that this may not have been the smartest move. In the latest quarterly review from the Bank of International Settlements, the Basel-based organization […]
