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‘Threading The Needle’ Without Vision…Or A Needle
Article By:
Michael Ashton
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Tuesday, June 25, 2024 5:12 PM EDT
The Fed’s first 475bps of rate hikes corresponded with a rise in median inflation from 4.56% to 6.94%, over a period of more than a year, along with accelerating economic growth.
Opinion: “An (Almost) Inverted Yield Curve Is Worrying China”
Article By:
Menzie Chinn
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Tuesday, June 25, 2024 2:41 PM EDT
There’s no inversion at maturities 1 year to 30. However, the 10yr-3mo spread is inverted.
In this article: GXC
ZIRP-Addicted Japan Is Crumbling Under Higher Rates
Article By:
SchiffGold
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Tuesday, June 25, 2024 1:59 PM EDT
The message is loud and clear: The Japanese economy has no tolerance for higher interest rates after the Bank of Japan has kept them artificially near zero for decades.
EU-China Trade Talks To Shape Tariff Impact
Article By:
ING Economics
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Tuesday, June 25, 2024 1:43 PM EDT
China and the EU will start trade talks amid tensions over possible punitive tariffs.
Deficits Put Dollar At Risk
Video By:
Alhambra Investments
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Tuesday, June 25, 2024 11:53 AM EDT
A discussion about whether deficits put the role of the US dollar reserve currency at risk.
In this video: UUP
Oil Is Trading At A 2-Month High
Article By:
JustMarkets
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Tuesday, June 25, 2024 7:00 AM EDT
WTI crude oil prices held just below $82 a barrel on Tuesday, at their highest levels in nearly two months, as geopolitical risks in Eastern Europe and the Middle East continue to support oil prices.
CNB Preview: Past And Future Inflation Perceptions Set The Pace Of Easing
Article By:
ING Economics
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Tuesday, June 25, 2024 5:30 AM EDT
The residual inflationary hotspots have been broadly extinguished, but future price pressures seem to be building, warranting a more cautious approach with a 25bp cut to 5%.
Japan Is Buying Massive Amounts Of Junk Credit
Video By:
Jeffrey P. Snider
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Tuesday, June 25, 2024 5:15 AM EDT
Japanese banks have been bulking up on US junk corporate credit for the last year, driven entirely by an increasingly difficult reach for yield.
WTI Consolidates Gains Near $82.00 Amid Hope For Strong Summer Driving Demand
Article By:
Lallalit Srijandorn
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Monday, June 24, 2024 11:49 PM EDT
WTI, the US crude oil benchmark, is trading around $82.00 on Tuesday. The rise of the WTI price is bolstered by the hope for a strong summer driving demand and oil supply concerns amid the ongoing geopolitical tensions in the Middle East.
U.S. Budget Disaster Ahead Will Impoverish Americans
Article By:
Daniel Lacalle
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Monday, June 24, 2024 2:17 PM EDT
The latest Congressional Budget Office (CBO) budget and economic outlook estimates show the extent of the challenges of the United States fiscal nightmare.
Is Globalization Dead? Two Views, Brad Setser’s And Mine
Article By:
Mish Shedlock
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Monday, June 24, 2024 9:26 AM EDT
Brad Setser challenges the notion that globalization has turned to “slowbalization”. To me, globalization may not be “dead” but it’s increasingly perverted rather than alive and well.
The Internal Contradictions Of Nationalism
Article By:
Scott Sumner
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Monday, June 24, 2024 6:23 AM EDT
I am certainly no expert on artificial intelligence. But people much smarter than me insist that military supremacy in the 21st century will be determined by which country achieves AGI first.