Charts of the Week
A Long-Term Look at Real House Prices
June 30, 2023
A Long-Term Look at Real House Prices
A Long-Term Look at Real House Prices
A Long-Term Look at Government Finances
A Long-Term Look at P/E Ratio and Interest Rates
Today's topics include Powell reiterates at least two more hikes this year, Dudley sees more bond pain ahead, BofA made a bad bet on bonds, the commodity supercycle vs. stocks, Russian gas flows, will housing keep recession at bay?, and inching closer to a spot Bitcoin ETF?
Today's topics include Timiraos conveys uncertainty at central banks, the never-ending recession debate, annual decline in home prices, is QE back?, gold as a hedge, almost a quarter of Americans still have mortgage under 3%, natural gas storage, goodbye Libor, making the case for a digital Euro, and crypto market depth
Today's topics include a note of caution from the Fed, the decline in productivity, stock market volatility, the fight against inflation is not over, U.S. stocks vs. foreign stocks, China back to censoring negative stories, and leveraged bitcoin futures ETF launches today
Inflation grew 1.2% in June 2022, one of the highest monthly readings ever. When this gets dropped off the year-over-year calculation with the June 2023 report, inflation bottoms around 3%. Barring any severe economic downturn or price shock, inflation is likely to rise through year-end. The Fed will find this unacceptable.
Today's topics include QE creating balance sheet issues in Germany, survey expects yield curve to remain inverted, the muted effects of central bank hikes, divergent central bank policy, Treasury issuance, gauging stock market sentiment, gasoline demand, trading the open vs. the close, and the latest on work from home