Inflation in Asia has peaked compared to other major economies like the US and Europe, according to Morgan Stanley’s chief Asia economist. “Definitely, inflation has peaked when you look at the data that is already indicative of that. More importantly, we think you should see downside risks to inflation going forward,” said Chetan Ahya of … Read more
Trucks at the entrance to the Port of Oakland in Oakland, California, USA, on Thursday, July 14, 2022. David Paul Morris | Bloomberg | Getty Images U.S. freight rates were up 28% year over year but fell nearly 2% month-on-month in July, a likely signal that the U.S. market has reached peak freight rates, according … Read more
A worker drills plywood into a single-family home under construction in Lehi, Utah, on Friday, January 7, 2022. George Frey | Bloomberg | Getty Images Construction sentiment in the single-family market fell into negative territory in August as builders and buyers grapple with higher costs. The National Association of Home Builders/Wells Fargo Housing Market Index … Read more
In the current recent euphoria of the markets, Michael Burry has to appear as a bummer. In addition, as “Cassandra BC”, he chose as a handle in the microblogging website Twitter. This suggests he doesn’t mind often going against the grain of the general trend if he ends up being right. Major financial indices closed … Read more
Market strategists say the Federal Reserve is unlikely to change its aggressive rate hikes, despite positive signs this week that US inflation could ease. On Thursday, the producer price index fell surprisingly 0.5% in July from the previous month, compared to an estimate of 0.2% gain, according to a Dow Jones survey. Year-over-year, the index … Read more
This expenditure will inevitably stimulate demand. Inflation in the US is already above 9 pc. and shows little sign of coming under control. And, unlike in Europe, price increases are driven by increased demand, not limited supply. While European prices have been pushed up by the war in Ukraine, the US has not. It is … Read more
A sign stands outside a luxury home for sale in the Lake Pointe Subdivision of Austin, Texas. Ed Lallo | Bloomberg | Getty Images Consumer confidence in the housing market has fallen to its lowest level since 2011, as both potential buyers and sellers have become more pessimistic, according to a monthly survey published Monday … Read more
Treasury yields fell Monday after unexpectedly robust jobs data increased the likelihood of aggressive rate hikes by the Federal Reserve. The benchmark 10-year Treasury yield declined 4 basis points to approximately 2.7993%, while the 30-year Treasury yield declined 2 basis points to 3.0383%. Yields move inversely to prices and a basis point equals 0.01%. That … Read more
Companies are not afraid to pick up and move. Many states offer companies tempting incentives such as lower taxes if they relocate their operations, but a superior business environment does not always equate to a superior work environment. “Things that benefit employers when it comes to their profit or their margin, in terms of economic … Read more
Poliovirus particle, computer illustration. Kateryna Kon | Science photo library | Getty Images According to state health officials, polio has been found in wastewater samples taken from two counties outside New York City, indicating that the virus is spreading in the community. Wastewater samples taken in June and July at two different locations in Orange … Read more