China Economy Crashes Worse Than Expected Amid Covid Lockdowns
Following Friday's catastrophic new credit data, which saw the fewest new loans in half a decade, and after this morning's report that Chinese authorities allowed a further cut in mortgage loan interest rates for first-time homebuyers in another push to prop up its property market and revive a flagging engine of the world…
"Dangerous Nonsense": Larry Summers Warns Democrats' Price-Gouging Bill Could Backfire
Former Clinton Treasury Secretary Larry Summers slammed moves by Democratic lawmakers to introduce legislation that would counter alleged price gouging, calling it "dangerous nonsense."
"There is no material prospect that, in any enduring way, gouging legislation can have any substantial effect…
One of the main elements of my Trend Asset Allocation Model is commodity prices as a real-time indicator of global growth. As well, John Authers recently wrote, "The commodity market is a real-time attempt to assimilate geopolitical developments, growth fears, and shocks to supply and demand, so it’s an important place to look for the next few weeks." So far, commodities have been elevated even…
Foreigners Sold The Most US Stocks On Record In March, China Dumps TSY Holdings To Lowest Since 2010
Bonds were bid and stocks offered globally in March according to the latest TIC data...
Foreigners bought $48.8BN in TSYs, down from $75.3BN in Feb
Foreigners bought $32.4BN in Agencies, up from $21.3BN in Feb
The Biggest Crash In History Is Coming? Kiyosaki Says So...
Authored by Lance Roberts via RealInvestmentAdvice.com,
Robert Kiyosaki recently tweeted, “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. The bad news is the next crash will be a long one.”
Is Kiyosaki…
The Race To Break The Russia-China Alliance & The "Ukraine Of The Asia Pacific"
Authored by Matthew Ehret,
There is a window of opportunity open for the west to recognize the total failure of the unipolar model before the point of no return has passed.
It has become commonplace western media and armadas of geopolitical think tankers to paint today’s Russia-China…
Gold Tumbles Below $1800, Erases All YTD Gains
The paper price of the yellow rock sjust tumbled back below $1800 for the first time since early Feb...
This is well below pre-Putin-invasion levels and Gold is now underwater for 2022...
...because nothing says 'sell paper gold' like raging global inflation...
And don't blame the dollar's rise. With DXY at 100, Gold has traded…
The Clean Energy Minerals Reform Act Is The Wrong Solution For American Mining
Authored by Pete Stauber via RealClear Energy (emphasis ours),
Everything in this world is either grown or mined, and if we don’t grow it or mine it in America, we import it. Events from the past few years, namely the COVID-19 pandemic and the Russian invasion of Ukraine, have highlighted America’s hunger…
But the organization representing Canada’s news media industry says the wording of the bill is tight and specifically excludes outlets that promote the interests of an organization
In this latest installment of Real-Time with Jordi Visser, Jordi takes us through the current market conditions as the S&P 500 closes down for the 6th week in a row. Jordi believes that we are on the brink of an important inflection point in the Fed and inflation-driven market where now fears about growth will begin to shift the dynamic in markets.
Today, G3 speaks with Weiss' president and CIO Jordi Visser on the volatile markets and the accompanying rhetoric that has been causing widespread agita, doomsday predictions, and plenty of sleepless nights. We'll also do a quick recap on the exciting outcome of this year's Kentucky Derby. Because while the race only happens once per year, the lessons can last all year long. If you like what you…
Germany Says Russia 'Weaponizing' Energy After Gas Supplies Cut To Seized Gazprom Unit
Germany, which has long remained the largest buyer of Russian natural gas, has belatedly and bluntly stated as fact what's long been among its greatest 'worst case scenario' fears, that Moscow is using its energy exports as a "weapon".
However, Moscow is arguing that its latest actions to reduce…
A Google Recession
As we reported yesterday, the new market regime where yields are now falling alongside stocks, suggests that consensus shifting away from stagflation and toward a pure recession (one where the Fed will have to cut rates/launch QE much sooner than expected), aligning with what was then the first out-of-consensus "2023 recession call" instigated by Deutsche Bank 5…
Samsung Set To Imminently Hike Semiconductor Prices By 20%
Samsung Electronics is preparing to increase prices for chip contract manufacturing in the second half of this year which comes as no surprise given skyrocketing cost pressures eating away at the company's margins.
Samsung's contract-based chip prices are set to increase between 15-20% given the level of manufacturing…
SEI’s Womack talks ETFs
Submitted
By Beverly Chandler | 13/05/2022 - 10:59am
SEI recently announced it has expanded its suite of models in the US featuring Capital Group’s recently-launched ETFs and American Funds mutual funds to include 12 new tax-sensitive solutions. This is the first time…