Recession

Bond-Market Chaos is Fueling Concerns About a Crisis. Here’s What You Need to Know

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Bond-market chaos is fueling concerns about a crisis. Here’s what you need to know. © MarketWatch photo illustration/iStockphoto Chaos in the U.S. stock market has infected the bond market, fueling speculation about a potentially destabilizing shock to the global financial system. The U.S. 10-year Treasury yield has climbed as much as 65 basis points over the […]

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Bitcoin is more like mortgage-backed securities than gold, and 2008 may be repeating itself – Wharton

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MSN While Bitcoin is often compared to gold, crucial differences in their value structures and ownership transparency mean the cryptocurrency carries the same kinds of risks seen in mortgage-backed securities during the 2008 financial crisis, and history may now be repeating itself, according to two academic researchers. “Bitcoin is now priced at almost a hundred thousand dollars

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Consumer Sentiment Tumbles as ‘Recession-Like’ Symptoms Spread Among Americans

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The major reason is stubborn inflation cutting into people’s paychecks. Consumer sentiment in the U.S. dropped to an eight-month low in July, according to the Consumer Sentiment Index from the University of Michigan. In a 2024 poll, Gallup found that one-third of Americans mentioned economic issues as the nation’s most important problem. Consumer sentiment in

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The Yield Curve and Christine Lagarde Agree – Don’t Expect a “Soft Landing”

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An inverted Treasury yield curve has historically been associated with economic downturns, preceding every recession since the late 1960s. Earlier this year, it set a new record for remaining inverted for more than 624 days, which was the 1978 record. The Wizards of Global Finance themselves like European Central Bank President Christine Lagarde are warning

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The Fed’s Rate-Cut Projections Are Pointing to an Imminent Recession, Economist Says

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“The Fed doesn’t want to say this explicitly, but it is actually saying (in not so many words) that a recession is very likely coming our way,” economist David Rosenberg said in a note on Thursday. In previous soft landings, the Fed usually cut rates by 75 basis points, but they’re forecasting a 150 basis-point

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Unemployment Will Double by the End of the Year with an Economic Hard Landing Inevitable, Strategist Says

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Unemployment will reach 6% or 7%, and a hard landing will hit by the end of 2024, a strategist says. Declining inflation is set to shrink company profits and force layoffs.  Mizuho’s Dominic Konstam said declining inflation wasn’t a “benign indicator” of a soft landing. Those trying to read the tea leaves in inflation data

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Spotify’s Layoffs Show There’s a Debt-Market Time Bomb Awaiting Many Companies

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Spotify cut 1,500 jobs – or around 17% of its employees – on Monday. CEO Daniel Ek pointed to higher debt-refinancing costs as one factor driving the layoffs. It’s a reminder of the debt-market time bomb looming for many companies, with interest rates having surged in recent years. As many as 561 US companies had

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The Fuse on America’s Debt Bomb Just Got Shorter

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The Treasury is on track to borrow over $3 trillion this fiscal year, 50 percent more than previously estimated by the Congressional Budget Office. Bidenomics, perhaps best defined as the government spending, borrowing, and printing too much money, not only made the bomb larger but also caused inflation, which forced up interest rates. That was the

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Nation’s Largest Commercial Banker Blasts World’s Largest Central Banker

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Jamie Dimon said, “I want to point out the central banks 18 months ago were 100% dead wrong,” he added, “I would be quite cautious about what might happen next year….” The last time US government bond yields climbed so far, so fast, the nation plunged into back-to-back recessions. The Fed’s record of predicting recessions

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