The Real Story Behind The Fed’s “Soft Landing” Narrative
The Real Story Behind The Fed’s “Soft Landing” Narrative Authored by Ryan McMaken via The Mises Institute, The Federal Reserve’s Federal Open Market Committee (FOMC) left the target policy interest rate (the federal funds rate) unchanged at 5.5 percent last week. The target rate has now been flat at 5.5 percent since July of 2023—as […]
Pool Plunge: Leslie’s Crashes After Full-Year Outlook Slashed Amid Consumer Slowdown
Pool Plunge: Leslie’s Crashes After Full-Year Outlook Slashed Amid Consumer Slowdown Leslie’s shares crashed as much as 38% in the early US cash session after the swimming pool supplies retailer announced preliminary third-quarter results that missed the average analysts tracked by Bloomberg and slashed its full-year forecast on continuing consumer weakness. Here’s a snapshot of the preliminary third-quarter […]
The EU Is Facing A Looming Gas Supply Crisis
The EU Is Facing A Looming Gas Supply Crisis Authored by Rystad Energy via OilPrice.com, The end of the Russia-Ukraine gas transit agreement in 2024 will disrupt gas supplies to several European countries, particularly Slovakia, Austria, and Moldova. To replace Russian gas, the EU will need to increase LNG imports and utilize alternative pipelines, such […]
Protectionists Add Vance
Protectionists Add Vance By Michael Every of Rabobank Markets are moving on trade news, tech stocks hit by the White House considering draconian moves against the Netherlands’ ASML and Japan’s Tokyo Electron for continuing to sell semiconductor equipment to China. The US can, if it chooses, prevent any entity selling items involving US tech. One […]
Kamala Nomination Odds Soar After Reports Biden To Drop Out This Weekend
Kamala Nomination Odds Soar After Reports Biden To Drop Out This Weekend Update (1130ET): It appears the situation is escalating fast in Democratic Party central this morning. Axios reports that President Biden may decide to drop out of the presidential race as soon as this weekend, according to several top Democrats who believe the rising […]
India's Gold Market: ETFs and Central Bank Buying Shine Amid Jewelry Slump
India’s gold market in June 2024 showed a mixed performance, with investment demand and central bank purchases offsetting weak jewelry sales. Despite a slight decline in June, gold prices remained high, with year-to-date gains of 16%. Gold ETFs continued to see strong inflows, with assets under management reaching INR344bn, a 54% year-over-year increase. The Reserve […]
5 Out Of 12 Fed Districts Show Flat Or Declining Economic Growth
5 Out Of 12 Fed Districts Show Flat Or Declining Economic Growth Authored by Mike Shedlock via MishTalk.com, Let’s tune into the Fed’s Beige Book summary of economic activity in the twelve Federal reserve districts. Summary below from The Beige Book Summary of Commentary on Current Economic Conditions. Beige Book Overall Activity Key Points Seven Districts […]
China's Gold Market: ETF Inflows Surge Despite Weak Wholesale Demand in June
China’s gold market in June 2024 showed mixed signals, with wholesale demand remaining weak while ETF inflows continued to strengthen. Gold withdrawals from the Shanghai Gold Exchange increased slightly from May but were significantly lower year-over-year, indicating persistent weakness in overall demand. However, Chinese gold ETFs saw their seventh consecutive monthly inflow, reaching record-high assets […]
Decoding the Drivers Behind Bullion's Sudden Ascent
Gold’s recent surge to record highs has puzzled market observers, as the traditional explanations for its rise – geopolitical tensions and expectations of interest rate cuts – don’t fully account for the timing or magnitude of the increase. Since early March, gold has risen 14%, setting new records despite no significant changes in global tensions […]
“The Black Man, Ketanji”: Biden Lost In Racial Jungle Of His Own Mind
“The Black Man, Ketanji”: Biden Lost In Racial Jungle Of His Own Mind Joe Biden glitched hard whilst trying to pander to black voters, forgetting the name of his own Secretary of Defense, Lloyd Austin, and instead referring to him as “the black man.” Then, struggling to remember any black person’s name, he whips out […]