The US stock and bond markets are finally starting to catch up with our views. We’ve always thought the last couple of years represented a fake bull market built on sand, not concrete. And frankly, we also remain steadfast in the opinion that Inflation scare will pass soon The bull market is extrapolated and hyperbolised … Read more
Members of the Federal Reserve, the central bank tasked with cutting inflation from 8.3% to its target of around 2%, are now raising interest rates in an effort to cool the economy. That’s okay: Medicine doesn’t have to go down easily if it works fast and works well. But Inflation rates rose sharply Since August … Read more
What’s happening: Inflation is already causing consumers to back away from spending on some items as they look to cut spending, a shift that will have dire consequences for the next phase of America’s recovery from the pandemic, the country’s major chains have revealed. Goal Reported a 52% drop in profits In the last quarter, … Read more
On Twitter and Reddit, Luna and TerraUSD investors who tried to assess their losses after the dramatic crash of cryptocurrency last week were stunned. The cryptocurrency took a hit as Terra — a supposed “stablecoin” that was supposed to hold the $1 price point — lost its peg, and the Luna cryptocurrency plunged 99% in … Read more
It’s rare to see Elon Musk and Jeff Bezos agree on things. The first is the world’s richest man, with an estimated fortune of $213 billion as of May 16, according to Bloomberg Billionaire Index. The second is the second richest man on the planet. His fortune is estimated at $135 billion. Musk and Bezos … Read more
But this morning, near-term futures WTI and Brent crude contracts are at nearly $115 a barrel – a sign of how the market has been affected by the pandemic and war in Ukraine ahead of the busy summer driving season. “This is an important development in my opinion,” Jeffrey Haley, chief market analyst at Oanda, … Read more
