Notable Weekly News


September 2022

09/24/2022

Bonds are in the midst of their worst crash since 1949, and the fallout could unravel some of the market’s most crowded trades, Bank of America says

“Bond crash in recent weeks means highs in credit spreads, lows in stocks are not yet in,” Bank of America’s Michael Hartnett said.
09/23/2022

Steve Hanke says the chance of a U.S. recession just shot up to 80%

There is an 80% chance of the U.S. going into a recession, says Steve Hanke, a professor of applied economics at Johns Hopkins University.
09/22/2022

Jamie Dimon on how the government can solve inflation: It can’t

“I think a little less fiscal spending would be good,” JPMorgan CEO Jamie Dimon told Congress, noting that the last two years have been “literally unprecedented.” 
09/22/2022

Jerome Powell has a tough message for investors: Tighten your seatbelts, because recession and unemployment are coming

Powell said the “soft landing” looks to be kaput and all but admitted the Fed will cause a recession in its inflation fight. “I wish there […]
09/22/2022

‘You’re starting to see all the classic early signs’: Legendary investor Ray Dalio says the stock market has further to fall before a recession hits

With the Fed making its third 75-basis-point hike this year, Dalio says greater economic contraction is on the horizon.
09/20/2022

Another jumbo Fed rate hike poised to add $2.1T to national debt, CRFB says

As the Federal Reserve raises interest rates to fight inflation, the federal government’s borrowing costs on its nearly $31 trillion in debt are expected to skyrocket.
09/15/2022

Billionaire investor Ray Dalio predicts the Fed will hike interest rates to at least 4.5% – and warns a major recession is likely

The Bridgewater Associates boss forecasted long-term inflation of 4.5% to 5% and warned it could be even higher.
09/14/2022

Nomura forecasts historic 100-basis-point Fed rate hike after hot inflation data

Hotter-than-expected inflation data released this week could force Federal Reserve policymakers to take historic action and approve a 100-basis-point interest rate hike.
09/09/2022

Fed’s Own Economist Warns of “Severe Recession” From Chair Powell’s Rate Hikes

Federal Reserve Chair Jerome Powell insists he won’t cause a deep recession but that “pain” is necessary to fight inflation.

June 2021

06/22/2021

Central banks to keep buying Gold

The move away from the Federal Reserve Note as the global reserve currency of choice has continued in recent years, with fresh developments increasing
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