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Inflation isn't coming down much further without a substantial economic downturn, former Treasury Secretary Larry Summers says

Wed, 04/26/2023 - 14:24

Larry Summers — Lawrence Summers.
Chip Somodevilla/Getty Images

Markets, MI Exclusive, markets outlook, Market Outlook, Larry Summers, Treasury Secretary, Inflation

The housing market downturn will send home prices 5% lower and help push the economy into a recession

Wed, 04/26/2023 - 12:23

A single family home is shown for sale in Encinitas, California May 22, 2013.
REUTERS/Mike Blake — Single family home is shown for sale in Encinitas
Thomson Reuters

Markets, MI Exclusive, Housing Market, housing crash, housing rebound, economic outlook, Recession

The US economy is slowing down. Just look at the freight recession that's sent diesel prices tumbling.

Wed, 04/26/2023 - 10:45

truck driver uber freight — Courtesy of Uber Freight
Truck drivers move 70% of America's goods by weight.

Markets, MI Exclusive, Truck, freight, Recession, downturn, economic outlook

Jeremy Grantham warned the 'everything bubble' is bursting, the S&P 500 could nosedive 50%, and a recession looks certain. Here are the elite investor's 12 best quotes from a recent interview.

Mon, 04/24/2023 - 08:27

GettyImages 1193640564 — Jeremy Grantham.
Boston Globe/Getty Images

Markets, MI Exclusive, Stocks, Jeremy Grantham, GMO, Stock Market Outlook, Stock market bubble

US house prices might slump 10% over the next 2 years as higher mortgage costs bite, Moody's economist says

Mon, 04/24/2023 - 06:30

A realtor sign advertises that the price of a house has been reduced — US house prices are under pressure from higher mortgage rates and other factors.
David McNew/Getty Images

Markets, MI Exclusive, Stocks, Real Estate, Housing Market, Housing Bubble, housing crash

Elon Musk spoke about crystal balls, bank lending, self-driving cars and lithium refineries this week. Here are his 10 best quotes from Tesla's Q1 earnings call.

Sat, 04/22/2023 - 06:30

Elon Musk — Elon Musk.
REUTERS/Mike Blake

Markets, MI Exclusive, Stocks, Elon Musk, tesla, twitter, spacex

Bank reserves could fall by $2.5 trillion as the Fed reduces its balance sheet, Fitch Ratings says

Fri, 04/21/2023 - 12:23

Tech Insider : Economy

Fed Chair Jerome Powell — Federal Reserve Chair Jerome Powell.
Win McNamee/Getty Images

Markets, MI Exclusive, Jerome Powell, Federal Reserve, quantitative tightening, Credit Crisis, Banking Crisis

Jeremy Grantham warns US house prices will drop, the S&P 500 could plunge 52%, and more banking problems may lie ahead

Fri, 04/21/2023 - 11:54

jeremy grantham — Jeremy Grantham.
REUTERS/Nicholas Roberts

Markets, MI Exclusive, Stocks, Real Estate, Jeremy Grantham, GMO, Housing Bubble

Larry Summers says the Fed has inflation on the ropes, calls out crypto frauds, and bemoans the debt-ceiling fiasco. Here are the ex-Treasury chief's 12 best quotes from a new interview.

Fri, 04/21/2023 - 07:18

Tech Insider : Crypto

Larry Summers — Larry Summers.
NICHOLAS KAMM/AFP via Getty Images

Markets, MI Exclusive, Stocks, Larry Summers, US Treasury, US Markets and Economy, Inflation

The I-Bond boom is about to end with rates on the inflation-protected assets set to plunge below cash yields

Thu, 04/20/2023 - 13:20

US stock market traders — Friday's inflation print shocked investors.
Xinhua News Agency/Getty Images

Markets, MI Exclusive, Bond Market, I Bonds, Interest Rates, Treasury bonds, Inflation

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