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Japanese consumer confidence and Australian inflation are the main points of focus for markets in Asia on Wednesday, as investors ponder the broader implications of a widespread rise in bond yields. U.S. Treasury yields, the benchmark for global borrowing costs, rose to four-week highs on Tuesday in the wake of a weak U.S. debt auction, leading to a mixed ...
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Danielle DiMartino Booth has been beating the drums for weeks that the US is in recession and has been since October. No so fast says Jim Bianco. The lead chart shows Booth’s view. Expansions do not die of old age; they are murdered. This has been true for the last 50 years: 2020 = COVID 2008 = Financial Crisis, $145 crude oil 2001 = Tech crash/9/11 1991 = ...
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