In the wake of the first interest rate hike since 2018, Deutsche Bank became the first major bank to forecast a U.S. recession for next year. The report co-authored by the bank’s chief economist David Folkerts-Landau and former Fed official Peter Hoope…
The Biden administration is planning to extend its moratorium on student debt repayments once again. According to and administration official cited by Politico, the relief program, which paused payments and interest accrual for borrowers with federal s…
Elon Musk is the billionaire with the highest net worth in the world according to Forbes’ annual billionaires list, pushing Amazon chairman Jeff Bezos off his throne. The Tesla founder accumulated $219 billion to-date, while Bezos actually lost $6 bill…
If the planned merger of Spirit Airlines and Frontier is indeed finalized (and not derailed by an offer from JetBlue), an ultra-low-cost carrier would become the fifth-largest airline in the United States. According to CNN Business, JetBlue’s offer for…
Originally posted at Capitalstool. This chart illustrates the point that the Fed doesn’t set rates by waving a magic wand and saying, “Abracadabra, rates go…
On Wall Street, there’s no sun up in the sky, stormy weather.
Nice has a Mediterranean climate, nothing like Paris. Paris has real winters. In Nice, it’s mostly sunny throughout the winter with daytime highs typically in the 50s. When there’s a c…
As I have said before, I don’t think there is a stock level trigger. But there is a ten year treasury rate trigger. I think…
Those trusting the Fed to be visibly weak, corrupt and incompetent forever might be in for an unwelcome surprise.
I went through the 73 items in my Bear Pen and plucked out the handful of them that struck me as having the largest, most impressive rounded tops. Here ya go…….
The ridiculous March 14-29 bullgasm lifted all stocks, most particularly the absolutely trash stocks that should have never gone public in the first place. As shown below, it seems to bloom is off the proverbial rose, since the bounce in this garba…