Economics
Macro Briefing: 27 October 2022
* US mortgage interest rates rise to 7.16%, highest since 2001* Ukraine war will accelerate shift to cleaner energy sources, IEA forecasts* Oil giant Shell…
* US mortgage interest rates rise to 7.16%, highest since 2001
* Ukraine war will accelerate shift to cleaner energy sources, IEA forecasts
* Oil giant Shell set to hike dividend after quarterly profit surges
* Europe now has glut of natural gas, sending prices lower
* American middle class facing biggest decline to its wealth in a generation
* New US home sales fell 11% in September after sharp rise in mortgage rates
* US broad money supply continues to slide in real terms in September:
The 3-month/10-year US Treasury yield curve has inverted, suggesting the risk is rising that the US economy will slip into recession. “A one- or two-day inversion is not enough,” says Campbell Harvey, the Duke University finance professor who’s credited with the bond-market yield curves for predicting shifts in the business cycle. He explains via MarketWatch.com that the 3-month/10-year spread must stay below zero through December for a high-confidence signal that a recession is near. “Just because it inverted yesterday and today is not sufficient to go on the record and say it’s flashing ‘code red,’ but it’s definitely ‘code orange.’”
Argentina Is One of the Most Regulated Countries in the World
In the coming days and weeks, we can expect further, far‐reaching reform proposals that will go through the Argentine congress.
Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar
Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar
A weird week of macro data – strong jobless claims but…
Fed Pivot: A Blend of Confidence and Folly
Fed Pivot: Charting a New Course in Economic Strategy Dec 22, 2023 Introduction In the dynamic world of economics, the Federal Reserve, the central bank…