A “market riot” won’t stop until the Fed reverses course on its aggressive tightening strategy, Societe Generale global strategist Albert Edwards said. UK gilts “have crashed horribly,” forcing the Bank of England to temporarily halt its quantitative tightening by buying long-dated bonds, he said Thursday. The “markets are still in charge and they just won’t… Continue reading The ‘market riot’ won’t stop until the Fed pivots from quantitative tightening, Societe Generale strategist says
Larry Summers warns that the risks building in the market look similar to the onset of the Great Financial Crisis as volatility in the UK threatens to spread globally
Former Treasury Secretary Larry Summers sees today’s market risks as similar to those seen right before the 2008 Great Financial Crisis.A series of inflation, interest rate, and currency shocks have led to increased market volatility around the world.”In the same way that people became anxious in August of 2007, I think this is a moment… Continue reading Larry Summers warns that the risks building in the market look similar to the onset of the Great Financial Crisis as volatility in the UK threatens to spread globally
Natural gas supplies will grow even tighter in 2023, and its ‘very obvious’ who was behind the Nord Stream pipeline sabotage, IEA chief says
Gas supplies will tighten into next year as constraints continue to mount, IEA chief Fatih Birol said. Birol’s supply warning came shortly after the Nord Stream explosions, which caused gas prices to surge 11%. “It is very obvious … who was behind this issue,” Birol said at a Paris energy conference. Loading Something is loading.… Continue reading Natural gas supplies will grow even tighter in 2023, and its ‘very obvious’ who was behind the Nord Stream pipeline sabotage, IEA chief says
The stock market’s failure to hold its June lows would reset a 4-step bottoming process that needs to be completed for a new rally to take shape
The stock market’s four-step bottoming process is facing a crucial test, according to Ned Davis Research.A retest of the stock market’s mid-June low is the third step necessary for markets to establish a new uptrend.”The retest has not failed yet, but the persistent selling pressure of the past week suggests it is a distinct possibility,”… Continue reading The stock market’s failure to hold its June lows would reset a 4-step bottoming process that needs to be completed for a new rally to take shape
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
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
Recent Post
