EXPLAINER: Why is a bear market close to Wall Street?

NEW YORK (AP) – The bears are rumbling toward Wall Street. The stock market’s skid has taken off this year with the S&P 500 close to what’s known as a bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have caused investors to reconsider the prices of … Read more

As inflation slows and ruble rallies, Russia is hoping to avoid a crisis

Russian President Vladimir Putin. Pool | Reuters Russia believes it has swerved a financial crisis as its currency rallies and economic data improves, but strategists say the numbers mask some ugly truths for Moscow. Although inflation in the country is running hot, there are signs that price rises are slowing and will continue to do … Read more

Market Mayhem and Calling the Bitcoin Price Bottom

Watch This Video On YouTube Or Rumble Listen to The Episode Here: In this episode of the “Fed Watch” podcast, Christian Keroles and I, along with the livestream crew, discuss macro developments relevant to Bitcoin. Topics include the recent 50 bps rate hike from the Fed, a consumer price index (CPI) preview – the episode … Read more

Indonesian farmers decry palm oil export ban as prices plummet | Food

Medan, Indonesia – Indonesia, the world’s largest producer of palm oil, has struggled with rising prices and low stocks of cooking oil amid a surge in global prices of the raw ingredient. Citing the need to control the price spikes, which have been exacerbated by the Ukraine war, disappointing harvests and the COVID-19 pandemic, Indonesian … Read more

The economic outlook may not be as bad as the market fears. Here’s where investors should look

Inflation is soaring, the stock market is tumbling and consumers are worrying more and more about their future. None of that is good, but it’s time to tap the brakes on a little worries that everything is crashing down. After a quarter of negative economic growth, Q1 GDP fell 1.4%. All it needs is a … Read more

The zombie economics of inflation and unemployment

Bad economic ideas can have a frustratingly long shelf life. Amid surging consumer and producer prices, the apparent tradeoff between inflation and unemployment is a hot topic. There’s just one problem: the tradeoff doesn’t exist. Economists have known for 40 years. Policymakers and commentators are the ones who should get the program done otherwise. The … Read more

The Slow Crash on Wall Street Likely Isn’t Over Yet

After six days in a row, US financial markets rebounded on Friday, with all major stock indices posting gains, and the Nasdaq enjoying its biggest rise in percentage terms — 3.8 per cent — since November 2020. Some beaten-up cryptocurrency Trading screens provided for much-needed relief. However, all this needs to be put into perspective. … Read more

The Economy About Nine Worrying Signs

Sign up for Derek’s newsletter here. The American economy isn’t looking great right now. US GDP shrank last quarter, most likely showing a heartbeat from American consumers. Inflation is high; markets are down; Both wages and personal-savings rates show some troubling statistical signals. Is the US destined to have a recession in 2022? For sure … Read more