ASIA: OPEC’s share of India’s oil imports for the 2021/22 financial year remained almost flat year on year, arresting sharp declines over the past six years, as refiners snapped up short-haul crude from the middle … Read more
Fannie Mae forecasts a “modest recession in the latter half of 2023” and believes the house-buying frenzy will begin to cool in the US. The Federal Reserve’s hawkish direction to curb inflation has led the agency to … Read more
ASIA: China’s economy grew 4.8 percent in the first quarter, the National Bureau of Statistics said Monday, warning of “significant challenges” ahead as a resurgence of the coronavirus threatens Beijing’s ambitious annual target. China’s gross … Read more
Friend of Fringe Finance Lawrence Lepard released his most recent investor letter a few days ago with his updated take on the seismic changes occurring in monetary policy globally as a result of the Russia/Ukraine conflict. He … Read more
ASIA: The major Asian stock markets had a negative day today: NIKKEI 225 decreased 293.48 points or -1.08% to 26,799.71 Shanghai decreased 15.72 points or -0.49% to 3,195.52 Hang Seng closed ASX 200 closed Kospi … Read more
Home prices were up 19.2% in January according to the S&P CoreLogic Case-Shiller index. It is extremely difficult for Millennials and Gen Z to enter the housing market, as homes today cost 75% more than they did … Read more
Former Treasury Secretary Larry Summers, whose out-of-consensus views about the risks of persistent inflation have come true, is reiterating his concerns about a potential U.S. downturn: He now says a recession is “the most likely … Read more
Over the past weeks, gold prices showed remarkable resilience to the relentless rise in both nominal and real interest rates. For the first time since 2020, gold prices are now reflecting slightly higher long-term inflation expectations … Read more
ASIA: The World Bank cut its economic growth forecast for India and the whole South Asian region on Wednesday, citing worsening supply bottlenecks and rising inflation risks caused by the Ukraine crisis. The international lender … Read more
Walgreens announced that it has begun to ration baby formula amid the supply chain crisis. The rule will go into effect for all 9,021 locations. Customers may only purchase three infant and toddler formulas per visit due … Read more