Penny Keeps Proclaiming Currency Devaluation: FT

Penny Keeps Proclaiming Currency Devaluation: FT

They pile up in drawers. They’re taken or left on a whim at store counters....

US Annualized Debt Costs Exceed $800 Billion

US yields have ongoing upside pressure from the debt-ceiling debate. Even if a one-year extension...

As Credit Card Debt Soars And Personal Savings Dwindle As Fed Tightens (GOLD Rises Above $2,000)

Hand to mouth should be Biden’s Presidential re-election theme song. 70% Of Americans Are Financially...

Unfortunately, Commercial Real Estate Is A BIG BUBBLE And Is Unraveling

I wish The Federal Reserve had created only tiny bubbles. But after Bernanke/Yellen’s zero interest...

Commercial Real Estate Will Crush The Economy & “Force The Fed To Restart QE

Note the rapid decline in office vacancies just prior to the financial crisis (often mislabeled...

The Most Splendid Housing Bubbles in Canada: Spring Selling Season in a Housing Bust

Prices rose in March, but are down 17.5% year-over-year, the second-worst in the data. Sales...

What Would Happen if the Fed Caves to 4%-5% Core PCE Inflation, Gives up on 2%, as some Folks are Clamoring For?

The economy would muddle through, but in the markets, all heck would break loose. Here’s...

California Utilities Seek to Charge People Based On Income, Not Energy Usage

Under a new utility proposal, monthly bills in California will include a fixed charge based...

A Costly De-Globalization is Underway, It Just Doesn't Look Like It Yet

We have gone from just in time manufacturing to just in case hoarding. Or have...

Banking Turmoil Creates Uncertain Outlook for Bond Yields: FT

Turmoil across the banking sector, sparked by the collapse of Silicon Valley Bank, has ignited...

Charles Schwab Lost $41 Billion in Deposits, Meeting Expectations

Charles Schwab (SCHW) on Monday said it lost $41 billion in deposits in the first...

The IMF Is Wrong Yet Again on Interest Rates

Much ink has been spilled over the IMF’s recent forecast that the UK economy will...

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