I find this fascinating Something astounding is happening in the financial system’s plumbing: Investors are parking a record-shattering $2 trillion worth of spare cash overnight at the Fed. That number blows past market-watchers’ expectations, after some argued activity would peak earlier this year. It’s stirred up fascination (and misinformation) among… Read More »The Fed Has All the Cash
The next couple of months may tell us more where we are at. Don’t look here for signs of a recession: New data shows some heat may be coming out of the labor market, but jobs are still plentiful. Why it matters: This is the ideal scenario for a Federal… Read More »Job Openings Still At Historic Highs
This as Scandinavian Airlines Systems files chapter 11. Bonds have sold off a ton this year — just look at Apple. It’s one of the most creditworthy U.S. companies — sitting on loads of cash — and you can pick up its bonds in the secondary market for a mere… Read More »Bond Markets Are Usually A Look Into The Future
Domestic oil supplies are dropping which most likely will increase the price of oil. The only way to lower the price of oil is lower the demand or increase the supply, else prices will adjust to where the demand matches the supply. American stockpiles of crude oil at the key… Read More »Oil Stockpiles at All Time Low
American wines are having a tough time making inroads in europe. Is it the marketing, price point, or style? When the United States and the European Union finally buried the hatchet in a long-simmering dispute over government subsidies to Boeing and Airbus in June 2021, wine lovers in the U.S. may well… Read More »Not Much Appetite for American Wines in Europe
The signs are beginning to look grim that we’ll avoid a recession if we are not already in one. Some key real-time indicators of U.S. manufacturing conditions are starting to flag worrying signs of a downturn — a canary of sorts in the macroeconomic coal mine. Why it matters: When… Read More »Manufacturing Activity Taking a Dip in Key Markets
Durable goods were up in May, however there are signs that are showing they may be down in the upcoming Report for June. U.S. factory orders rose 0.7% in May, surprising analysts, who expected a much smaller increase or even a decline, Nathan writes. That included a 1.1% increase in… Read More »Durable Goods Orders in May 2022
According to the Bond markets we are moving from stagflation to a recession. State of play: The two-year Treasury yield has fallen from a recent high of 3.44% on June 14 to 2.91% this morning. This implies the Fed will have to back off its rate-raising plans sooner than seemed… Read More »From Stagflation to Recession
A bump in tourism is good for Arizona, which still has a large part of its economy tied to turism. Coming off the worst year in tourism history, 2021 wasn’t much of an improvement, as travel remained subdued in the face of the persistent threat posed by Covid-19. According to the United… Read More »Tourism is Looking UP
Most of this is tik tok videos, but video is the new thing and higher and higher resolution pictures. With super-fast wireless connections, all-screen smartphones and apps like TikTok, YouTube and of course Netflix, people are consuming more video content than ever on the go. That increase in mobile video… Read More »We Keep Consuming More and More Mobile Data