The all-important (when it’s rising) Manufacturing ISM survey (green line) fell to its lowest of 2021, with the ‘soft’ survey data starting to catch down to ‘hard’ data’s reality (red line)… Source: Bloomberg This prompted a plunge in Treasury yields… Source: Bloomberg This sparked a
Via SchiffGold.com, We’ve been talking a lot about rising prices. The CPI has come in hotter than expected every month this year. We’re paying more to buy less. We see the impacts of inflation on price tags, but sometimes it squeezes us more subtlety. It’s known as “shrinkflation.”
Stealth QE Is Over: Treasury Projects Adding $300BN In Cash By Dec 31, Reversing “Liquidity Tsunami”
Three months ago, at the start of May when the Treasury was busy spending hundreds of billions of cash parked in the Fed’s Treasury General Account in a form of stealth QE, the US government surprised markets when it announced that it expected to release
The world’s largest pension fund, Japan’s Government Pension Investment Fund, made a record cut to the weighting of Treasuries in its portfolio last fiscal year, sparking a global debt selloff. GPIF slashed it US government bonds and bills to 35% of foreign debt holdings in
By Nick Colas of DataTrek Research The rising interest in remote work is largely an American phenomenon and an important trend to understand for its long-run impact on US productivity growth. The bottom line is that remote work is here to stay; workers hate commuting.