ASIA: China’s imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened domestic demand, while export growth slowed, prompting analysts to expect a worsening in trade … Read more
When 2-year and 10-year yields invert, ‘you’re supposed to be on recession watch, and we are,’ says DoubleLine chief A “calamity” may be coming for markets, potentially in 2023, Jeffrey Gundlach, chief executive officer, and … Read more
ASIA: China’s producer inflation for March was higher than expected. The producer price index surged 8.3% as compared with a year ago, official data showed Monday, above expectations for a 7.9% increase in a Reuters … Read more
Chancellor Olaf Scholz’s attempt to mandate vaccinations for everyone over 60 was blocked by Parliament in a 378-296 vote. The bill would have forced all Germans over the age of 60 to receive three vaccinations before … Read more
While Gold continues to hit the snooze button, trapped in a range from 1900-1967, I thought I would talk about something that should have gotten a lot more attention than it has: Russia announced that … Read more
ASIA: China’s five major state-owned banks have adopted a slew of measures to ease the residential mortgage burden for individual borrowers affected by the COVID-19 epidemic. These steps include postponing mortgage repayments, extending repayment periods, … Read more
There’s a new Zoltan Pozsar of Credit Suisse report out… and he starts off by saying: …you can print money, but not oil to heat or wheat to eat. I’m so glad because this rather … Read more
Rentals are soaring across the US to unsustainable levels. Gone are the days when people stuck to the tradition of spending less than one week of income on housing. According to a Rent.com report, the national … Read more
ASIA: Core consumer prices in Japan’s capital rose at the fastest pace in more than two years in March, propelled by energy costs that have hit a four-decade high following Russia’s invasion of Ukraine. The … Read more
Again, the Fed managed to force stocks to new all-time highs during an economic shutdown. You can focus on value investing, momentum investing, day-trading… but whatever you do, DO NOT fight the Fed. And right now … Read more