For the last few decades we have been in a low interest rate environment where deficit spending would not cause major issues. However, a 40-year high in inflation prompted the Fed to tighten monetary policy at a fast pace. Higher rates mean the cost of servicing US debt will follow higher.
A larger portion of ETH's total supply continues to be moved off centralized exchanges to be used in smart contracts.
The average 60/40 portfolio is down over 20% this year, more than any year of the past three decades.
The midterm elections are Tuesday. Polls and betting markets continue to favor Republicans.
Energy costs in the United States have risen substantially in the past 18 months, contributing significantly to the rise in inflation. Natural gas accounts for the largest percentage of US energy generation and inventory levels are below trend.
As Xi's common prosperity initiative continues, the net worth of the richest Chinese citizens has dwindled.
A long-term look at P/E ratios
Some interesting charts from our recent posts.
Powell delivered a hawkish press conference, focusing on a higher terminal rate. Risk markets, like stocks, reacted with bitter disappointment.
Today's topics include the FOMC meeting, understanding Fedspeak, Lagarde's hawkish rhetoric, questioning the Fed's 2% goal, inflation & debt paradigm, updating Japan's bond purchases, higher pay vs. work-life balance, hedges are driving the dollar, mystery gold buyers, more on China being unreliable trading partners, and nowcasting inflation
Big tech, specifically social media companies, have struggled recently as investors realize growth doesn't last forever. Is this the end of big tech's dominance in indices?