A recession in the US market has already arrived as mortgage rates soar, according to ING chief economist James Knightley. Demand for mortgages has fallen 30% year-to-date and sale transactions are beginning to slow. “A housing market downturn will weaken the US growth story, but it is also important to remember it will dampen inflation… Continue reading A US housing recession has arrived and it could lead to a 20% decline in home prices and Fed interest rate cuts by 2023, chief economist says
The ‘disorderly’ moves in the pound and loss of confidence in UK policy makers is historic, and point to the paradigm shift markets are headed towards, Mohamed El-Erian says
The drop in the pound and the loss of confidence in policy makers is part of a larger paradigm shift, Mohamed El-Erian said. The economist reiterated that the era of high-liquidity and low-interest rates was over. But it could be painful for economies to dig themselves out of overly-iquid conditions, possibly resulting in stagflation. Loading… Continue reading The ‘disorderly’ moves in the pound and loss of confidence in UK policy makers is historic, and point to the paradigm shift markets are headed towards, Mohamed El-Erian says
Saudi Arabia’s sovereign wealth fund invested $2 billion in Russia before the Ukraine war, report says
Saudi Arabia’s sovereign wealth fund invested $2 billion in Russia before the Ukraine invasion. A prospectus for the fund revealed investments in Russia’s infrastructure, manufacturing, logistics and retail sectors, the Wall Street Journal said. The Public Investment Fund, which is run by Saudi Crown Prince Mohammed bin Salman, oversees $600 billion in assets. Loading Something… Continue reading Saudi Arabia’s sovereign wealth fund invested $2 billion in Russia before the Ukraine war, report says
Provenance Blockchain Foundation Announces Appointment of Joshua Maddox as Director of Developer Community
Talented Marketing and Blockchain Expert Brings Developer Outreach Expertise, External Affairs, and Marketing to Provenance , /PRNewswire/ — Provenance Blockchain Foundation, a leading organization focused on enabling financial services firms to adopt blockchain solutions and reimagine how their businesses operate, announced today the appointment of Joshua Maddox as Director, Developer Community. In this role, Joshua… Continue reading Provenance Blockchain Foundation Announces Appointment of Joshua Maddox as Director of Developer Community
The Fed doesn’t have to go ‘full Volcker’ on inflation and any pivot on its rate hike policy could end the stock market’s downward spiral, Fundstrat says
The Fed doesn’t need to go “full Volcker” on raising interest rates to combat inflation, according to Fundstrat’s Tom Lee.Leading indicators suggest financial conditions are tightening and inflation is coming down, Lee said.”Compared to 1970s-1980s, today’s inflation is nascent,” Lee said, adding that inflation in 2022 is “hardly out of control.” Loading Something is loading.… Continue reading The Fed doesn’t have to go ‘full Volcker’ on inflation and any pivot on its rate hike policy could end the stock market’s downward spiral, Fundstrat says
How to Get Rich Investing in the Stock Market
The stock market is not a casino. That’s at least partly because casinos actually have fixed odds. When you play a single number in roulette, for example, your odds of winning are 37-1. If you play blackjack using basic strategy, you should over time lose only about 51% of the time. Even slot machines have… Continue reading How to Get Rich Investing in the Stock Market
Keeping Financial Documents Safe in a Hurricane
With the southeast U.S. and the Caribbean in the middle of hurricane season, the top priority is revered for helping the elderly and infirm and keeping home and business structures safe when a major storm approaches. Hurricane season, defined as between June 30 and Nov. 30 in 2022, can also wreak havoc on a household’s… Continue reading Keeping Financial Documents Safe in a Hurricane
Goldman, Other Banks Are Paying More for Your Money
Inflation, which is at its highest for 40 years, is a headache for consumers. From food to gasoline to just about everything else, inflation is burning household budgets. Aware of how reduced household spending could hobble the economy — consumption is, after all, the engine of American growth — the Federal Reserve has started to raise interest… Continue reading Goldman, Other Banks Are Paying More for Your Money
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