Dow plunges 650 points after bond market flashes a recession warning, Citigroup tanks 5%

Dow plunges 650 points after bond market flashes a recession warning, Citigroup tanks 5%

The yield on the benchmark 10-year Treasury note on Wednesday broke below the 2-year rate, an odd bond market phenomenon that has been a reliable indicator of economic recessions. Investors, worried about the state of the economy, rushed to long-term safe haven assets, pushing the yield on the benchmark 30-year Treasury bond to a new record low on Wednesday.
August 14, 2019 0 Comments
SILVER PRICES BOOK LARGEST DAILY RISE IN 3 YEARS AS GOLD ENDS 2.4% HIGHER

SILVER PRICES BOOK LARGEST DAILY RISE IN 3 YEARS AS GOLD ENDS 2.4% HIGHER

Silver prices on Wednesday surged by the most in nearly three years and gold settled sharply above an important psychological level at $1,500, amid a round of easy-money policies that helped to stoke fresh appetite for the perceived safety of precious metals.
August 7, 2019 0 Comments
Morgan Stanley: "The Divergence Between Markets And The Economy Has Never Been This Great... And Algos Are Behind It"

Morgan Stanley: "The Divergence Between Markets And The Economy Has Never Been This Great... And Algos Are Behind It"

Is the outlook, in the words of ECB President Mario Draghi, “getting worse and worse” or is there cause for optimism? Based on the evidence at hand and our assessment of the key drivers of the outlook, we think it is more the former than the latter, and we hold on to our base case prognosis of sub-par global growth.
July 29, 2019 0 Comments
Housing Bubble Reblown: Last Chance for a Good Price Was 7 Years Ago

Housing Bubble Reblown: Last Chance for a Good Price Was 7 Years Ago

Housing prices have far outstripped wage growth and rental prices. Something must give. So, it will.

Every month I am amused by the comments from NAR chief economist Lawrence Yun regarding housing fundamentals, especially job growth.
July 12, 2019 0 Comments

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