By Tyler Durden, With a total GDP of $432.3 billion, Nigeria has become the biggest economy on the African continent over the last 30 years. While the five highest spots on this ranking have been more or less constant over the last three decades, Statista’s Florian Zandt notes that the rest of the top 8 are subject to bigger fluctuations […]

By Tyler Durden, Authored by Michael Lebowitz via RealInvestmentAdvice.com, The Fed’s liquidity fire hose supported the massive government fiscal response to Covid. Through unprecedented asset purchases, the Fed provided enough liquidity to allow the U.S. Treasury to increase its debt burden grossly at historically low yields. Its actions bolstered asset markets and weighed on the […]

By Tyler Durden, By Eric Peters, CIO of One River Asset Management Thermodynamics “The interaction of inflation-focused monetary policies in the west and China’s mercantilist model created what I call The Refrigeration Mode,” said the CIO, sitting atop his prodigious pile. “The process has been ongoing for twenty years,” he continued. “The inflation-focused policy framework is […]

By Tyler Durden, According to The New York Fed’s latest survey, the public’s short-term expectations for inflation surged to 6% – a new record high. Interestingly, longer-run expectations for inflation eased a bit in November (for the first time since June). The New York Fed noted that: “the decline in medium-term expectations was driven by respondents without […]

By Tyler Durden, Is the reality of a tightening Fed really starting to sink in? The market has priced a full rate-hike in for June 2022 (which means the taper is expected to accelerate from the current pace)… ‘Bubble’ markets are tanking… ‘Retail favorites’ are suffering big time… The broad market indices are finally losing […]

By Tyler Durden, Another month, another record high in consumer inflation expectations. While central banks, tenured economists and the financial media are doing everything in their propaganda power to convince ordinary  Americans (who don’t have the privilege of charging their Federal Reserve debit card when shopping at the grocery store) that the current phase of galloping inflation […]

By Tyler Durden, The Dow managed to get back to even from pre-Omicron levels today (NOTE in the chart that Nasdaq also touched the unchanged line very briefly before being rejected), but as the day worse on weakness hit and took everything back into the red since Omicron first hit… Small Caps were clubbed like […]

By Tyler Durden, By Tsvetana Paraskova of OilPrice.com, Upstream oil and gas investment must rise to the pre-pandemic levels of around $525 billion per year through the end of the decade so that the industry can ensure a demand-supply balance, Saudi Arabia-based International Energy Forum (IEF) and IHS Markit said in a new report this week. This year, upstream […]

By Tyler Durden, For much of 2021, long before the Fed chair retired the word “transitory” and when countless clueless macrotourists said that inflation is about to peak any… moment… now… we warned that while supply-chain bottlenecks may fade, they will be replaced by far stickier inflation in the form of rising home prices and rent, both of which […]

By Tyler Durden, Submitted by Bitcoin Magazine Cryptocurrency exchange Gemini will soon offer frictionless bitcoin trading in Colombia for customers of the country’s biggest bank, Bancolombia, the company said in a statement Monday. However, it is unclear whether users will be able to withdraw funds — a vital feature for achieving the financial sovereignty that Bitcoin enables. The partnership […]