China’s crude imports from Russia hit an all-time high of 2.29 million barrels per day in May. Shipments were up 15.3% last month compared to the same time last year. Meanwhile, Europe has slashed Russian oil imports by 90% since the war in Ukraine began. Loading Something is loading. Thanks for signing up! Access your… Continue reading China is now importing more Russian oil than ever before – and Europe has almost entirely stopped buying crude from Moscow
A massive debt wall is about to hit Corporate America, and equity values will be ‘incinerated,’ Chamath Palihapitiya says
A massive debt wall is about to hit Corporate America, Chamath Palihapitiya tweeted. That’s as hundreds of billions worth of debt issued during the pandemic is about to mature. “Expect a bunch of articles about potential corporate bankruptcies starting this fall,” he wrote. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading A massive debt wall is about to hit Corporate America, and equity values will be ‘incinerated,’ Chamath Palihapitiya says
A collapse in used car prices could help drive inflation below the Fed’s 2% target rate
A decline in used car prices should help drive inflation lower, according to Fundstrat’s Tom Lee.The Manheim used car price index fell 3.2% in the first two weeks of June and is down 9.4% year over year.”Manheim price index shows completely opposite trend of CPI used cars [prices],” Lee said. Loading Something is loading. Thanks… Continue reading A collapse in used car prices could help drive inflation below the Fed’s 2% target rate
The housing market isn’t recovering and will send home sales to a new low as mortgage rates stay elevated, Pantheon Macroeconomics says
The housing market isn’t recovering yet, and home sales will notch a new low, Pantheon Macroeconomics said. That’s due to high mortgage rates, which have continued to shut out buyers and sellers from the market. Experts don’t expect the cost of borrowing to ease meaningfully anytime soon, postponing a recovery in housing. Loading Something is… Continue reading The housing market isn’t recovering and will send home sales to a new low as mortgage rates stay elevated, Pantheon Macroeconomics says
Best Water Stocks to Buy
Investors should take a few minutes to consider investing in water stocks. Most of us take water for granted. We think nothing of turning on the sprinkler to water the grass, filling the cooler with ice or running the dishwasher. But investors understand that H2O is a scarce resource. It’s big business and investing in… Continue reading Best Water Stocks to Buy
Vanguard Faces Competition and Criticism — Where Does It Go From Here?
Everywhere you look at Vanguard headquarters, the nation’s second-largest money manager, you see memorials to underdogs who won improbable victories. Vanguard’s verdant office park sits close to the historic Valley Forge site in Pennsylvania, where George Washington turned a disparate group of colonists into a force that would win American independence from the better-equipped British… Continue reading Vanguard Faces Competition and Criticism — Where Does It Go From Here?
Watch Out for Bad Hurricanes This Year Due to Warmer Seas: Kiplinger Economic Forecasts
Summer is peak hurricane season, and it’s never the same from one year to the next. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger… Continue reading Watch Out for Bad Hurricanes This Year Due to Warmer Seas: Kiplinger Economic Forecasts
Taking dollarization to the next level – here’s a look at countries using the greenback as local currency
Argentina’s presidential election may determine if the country adopts the dollar as its own currency. But a top analyst said that is unlikely to happen due to nationalism around its currency. Several other countries, including Panama and Zimbabwe, have adopted the greenback. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Taking dollarization to the next level – here’s a look at countries using the greenback as local currency
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