Germany bailout could lead to UK-style bond collapse

German Chancellor Olaf Scholz last week announced a package worth 200 billion euros ($198 billion) intended to help rising energy prices. The “defensive shield” includes a brake on gas prices and a cut in fuel sales tax. Steffi Loos | Swimming pool | Reuters Amid bleak forecasts of a recession in Germany and the wider … Read more

Why the Federal Reserve Won’t Ease Its Fight Against Inflation So Soon?

Jerome Powell, chairman of the US Federal Reserve, speaks at a Fed Listens event in Washington, DC, US, on Friday, September 23, 2022. Federal Reserve officials gave their clearest signal yet this week that they are prepared to enter a recession if the necessary trade-off to bring inflation back under control. Al Drago | Bloomberg … Read more

Barry Sternlicht Says ‘Incredible Calamities’ Ahead if Fed Continues to Walk

Billionaire Barry Sternlicht says the Federal Reserve’s aggressive rate-raising path — an attempt to curb its highest inflation rate in decades — will hurt the global economy if the central bank continues. “They are going to cause unbelievable disasters if they continue their action, and not just here, around the world,” the chairman and CEO … Read more

10- and 2-year Treasury yields fall as traders wait for PMI data

10-year and 2-year Treasury yields fell Monday as markets entered a new quarter and investors looked forward to the release of Purchasing Managers’ Index (PMI) data for the manufacturing sector. The 10-year Treasury benchmark fell 1 basis point to 3.7926% around 4:30 a.m. ET. The return on the policy-sensitive 2-year Treasury was 4.2022%, a decrease … Read more

‘The Fed Is Breaking Things Up’ – Here’s What Is Putting Wall Street On The Edge As Risks Grow Across The Globe

Jerome Powell, chairman of the US Federal Reserve, at a Fed Listens event in Washington, DC, US, on Friday, September 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up its efforts to tame inflation, sending the dollar soaring and sending bonds and stocks into a tailspin, concerns are mounting … Read more

Erdogan says Turkey will continue to cut interest rates, mocking the British pound

Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting in parliament in Ankara, Turkey, May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE IS PROVIDED BY A THIRD PARTY SIDE. NO RESALE. NO ARCHIVES. MANDATORY CREDIT Murat Cetinmuhurdar Reuters Turkey will continue to cut interest rates, its … Read more

Jim Chanos Says This Is The Biggest Investment Story No One Is Talking About

Amid all the buzz about Russia’s invasion of Ukraine and efforts to curb inflation, investors are largely missing out on a huge story in China, famed short-seller Jim Chanos said on Wednesday. The problems in the Chinese real estate market are a distant third of the war and interest rate hikes designed to contain inflation. … Read more

Larry Summers denounces the UK’s ‘utterly irresponsible’ tax policy

Larry Summers Cameron Costa | CNBC LONDON – Former US Treasury Secretary Larry Summers warned on Tuesday that the UK has lost its sovereign credibility after the new administration’s fiscal policies sent markets into a tailspin. The British pound hit an all-time low against the dollar in the early hours of Monday morning before recovering … Read more

The ‘real cure’ for inflation has been ignored, says Steve Forbes

The British pound plunged to a record low in Asia on Monday morning, following last week’s announcement by the new British government that it would implement tax cuts and investment incentives to boost growth. By focusing on raising interest rates to cool inflation, central banks and governments have overlooked the importance of maintaining stable currencies, … Read more

How India is trying to turn itself into a semiconductor powerhouse

The government of Indian Prime Minister Narendra Modi has sought to increase the country’s chip production. Money Sharma | AFP | Getty Images India could play a big role in the semiconductor industry, analysts say, as the world’s fifth largest economy looks to boost its domestic chip sector. Along with other countries such as the … Read more