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Wall Street’s Recession Reversal Echoes2007’s Optimism, Warns Expert

Economic forecasters on Wall Street are nearly unanimous in having abandoned their calls for a recession, which they saw as a near-certainty just one year ago.   But this doesn’t mean the economy is in the clear. Wall Street forecasters are often wrong, and the level of complacency and groupthink is reminding one longtime market [...] READ MORE

Rogoff Says Biden, Trump Favor ‘Blowing Up’ US Debt

Rogoff Says Biden, Trump Favor ‘Blowing Up’ US Debt (Bloomberg) -- Harvard University economics professor Kenneth Rogoff said both President Joe Biden and his predecessor and challenger Donald Trump risk sending US debt levels into dangerous territory as Washington fails to grasp that the era of ultra-low interest rates won’t come back.   “Washington in [...] READ MORE

India Grants RBI Levy-Free Gold Imports

Gold bars are displayed at a gold jewellery shop in the northern Indian city of Chandigarh May 8, 2012. MUMBAI, March 13 (Reuters) - India has allowed its central bank to import gold without paying import levies, the government said in a notification issued late on Tuesday.   Gold importers from the world's second biggest [...] READ MORE

JPMorgan Sees Gold Soaring to $2,500

Executive summary   The price of gold is often driven by a complex interplay of factors, including the U.S. dollar exchange rate, real yields, supply/demand dynamics and sentiment. In recent years gold has exhibited a tendency to react to real yields in an asymmetric manner, supported by strong central bank purchases. We are constructive on [...] READ MORE

IEA, OPEC Divergence On Oil Demand Becomes Too Big To Ignore

Reuters this week reported that the divergence between IEA and OPEC demand numbers is the largest in 16 years. The IEA predicted last year that oil demand would peak before 2030. OPEC has a vested interest in stronger global demand, so there may well be an overestimation bias in its outlooks. Ever since the International [...] READ MORE

U.S. Office Market Faces Major Glut, Warns BrookfieldExecutive

A person stands on the Hudson River shoreline as heavy fog hangs over the skyline of New York City and midtown Manhattan in the background, in Weehawken, New Jersey, U.S., February 27, 2024. CANNES, France, March 13 (Reuters) - The troubled U.S. office market is the world's most oversupplied and property investors have taken on [...] READ MORE

STOCK BUBBLE: You Need To See This Data – 1929Again?

Is the stock market on the brink of a major correction? Join Alan Hibbard as he navigates through historical data, drawing eerie parallels between today’s stock market and the prelude to the 1929 crash. From tech trends to valuation metrics, find out why experts are raising red flags and discover the disconnect between stock prices [...] READ MORE

Summer Oil Spike Looms, Morgan Stanley StrategistAlerts

KEY POINTS Investors could be caught off guard by the strength of an oil price rally this summer, according to Morgan Stanley’s Martijn Rats. His comments came as oil prices rose on Wednesday amid fears of potential supply disruption. “Look, we’re not calling for the super cycle, but we could have a bit of strength [...] READ MORE

Dimon Warns: US Economic Outlook Uncertain, Recession RiskLingers

Jamie Dimon (File Photo) Jamie Dimon said he wouldn’t take the prospect of a recession in the US “off the table,” but that the Federal Reserve should wait before it cuts interest rates.   “The world is pricing in a soft landing, at probably 70-80%,” the JPMorgan Chase & Co. chief executive officer said via [...] READ MORE