*This interview was recorded on July 9thJim Grant, founder of editor of Grant's Interest Rate Observer, joined "Squawk Box" last Friday to discuss what could be next for the bond market.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depressi...Read More
The unthinkable just happened, junk bond yields fell below the rate of official inflation. This historic first and is letting you know that the system is almost dead. You might not know what this means so please allow me to explain. First, junk bonds are issued by vulnerable companies (junk). Typically, people buy them because they pay more, since you are taking more risk. Well now, even presuming...Read More
Harry Dent shows how economic momentum for the US peaked in late 2007 as he forecast way back in the late 1980s. Why? The massive Baby Boom passing their peak spending at age 46. Ever since we have been living off of never-ending monetary, and now since Covid, escalating fiscal stimulus. He shows why unprecedented home prices are the first to kill home sales and weigh on this "something for nothin...Read More
0:00 - The CPI is very 'inaccurate'3:18 - Technology vs inflation4:17 - Money supply6:15 - The best inflation hedges8:40 - "Gold is a good haven to save assets"9:55 - Prioritize buying a home first, then invest in stocks11:20 - Another "taper tantrum" will likely occur12:20 - Cryptocurrencies, tech stocks14:30 - Rising interest rates will "devastate" leveraged companies16:00 - Emerging markets deb...Read More
"We are in regular touch with the social media platforms and those engagements typically happen through members of our senior staff and also members of our COVID-19 team - given as Dr. Murthy conveyed, this is a big issue,Continue...Read More
There was little interest in imported scrap in the Vietnam market during the week to Friday July 16 due to the Covid-19 pandemic causing an almost complete shutdown of the local long steel and scrap markets, sources said.Offers for bulk Japanese H2 were mostly at $490-500 per tonne cfr Vietnam, with one offer at $505 per tonne cfr Vietnam, sources told Fastmarkets."There's not much interest in pur...Read More
"I'm sick and tired of this dictatorship."Read More
Biden is now paying farmers not to grow crops and was perhaps directed by Bill Gates, who has become the biggest farmland holder Continue...Read More
If we had a real government that was truly on the side of the people, they would be investigating what is going on, drag the people out, and put them on trial for crimes against humanity.Continue...Read More
This attack will be Xi Jinping's legacy and his attempt to rival the reputation of Mao Zedong. Will Team Biden be able to see it coming?Continue...Read More
"What the Fed is doing by purchasing mortgage-backed securities is eliminating the forces of the market in housing."Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business School in Madrid and Chief Economist at Tressis SV. Ranked as one of t...Read More
Are you ready for this week's absurdity? Here's our Friday roll-up of the most ridiculous stories from around the world that are threats Continue...Read More
"I understand the desire to have a 'nice summer,' but we are shooting ourselves in the foot," said Ross. "We see the handwriting on the wall here."Continue...Read More
"This is an all hands on deck moment.""We're seeing the rates go up too high. We all need to do our part to try and prevent the need to do something else."Continue...Read More
State Senator calls for new election... Wants Biden electors recalled...Stunning details..."I have heard enough. With the tens of thousands of ballots mailed without being requested, the over ten thousand people who voted after registering after November 3rd, the failure of Maricopa to turn over the 40% machines, the passwords that Dominion still refuses (1/2)Continue...Read More
For our final episode of the trading week, we are joined on the Daily Dive by that of Tavi Costa, Partner & Portfolio Manager for Crescat Capital. Tavi joins us this afternoon to discuss the great rotation from tech firms to natural resource firms within the market, inflation expectations, the impact of inflation on stocks and real estate, and the risk of P/E deflation among equities.Tavi Costa is...Read More
The Fed's official balance sheet is up another $104 billion in the last week and now up to over $8.2 trillion in total. Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy http://www.patreon.com/wallstformainst?EUR< Please visit the Wall St for Main St webs...Read More
China's domestic rebar prices halted its upward trend on Friday July 16 due to market participants' concern of price supervision from government offices.Domestic Eastern China (Shanghai): 5,200-5,240 yuan ($804-811) per tonne, unchangedNorthern China (Beijing): 5,070-5,120 yuan per tonne, up by 120-130 yuan per tonneEastern rebar prices were 180-190 yuan per tonne higher than on July 9, mainly due...Read More
The price of austenitic stainless steel scrap remained steady in the week to Friday July 16 ahead of the summer slowdown, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK was ?1,700-1,800 ($2,352- 2,491) per tonne on July 16, unchanged week on week.In the UK and in Europe, there is a summer slowdown in July and Aug...Read More
"While the declines in these asset prices has been rapid, their levels are still historically elevated, which could lead to further pain in theContinue...Read More