Hours ahead of today's "historic" final Yellen FOMC rate hike, CPI disappointed and traders are bidding bonds and bullion while dumping the dollar...
The odds of two rate hikes next year just tumbled...
Gold jumped and the dollar dumped...
And Treasury yields are tumbling...
Authored by Nick Schmitz via Verdad Capital
We’ve done a National Geographic–style deep dive into the world of the Japan bears, reading the scare stories about demographic decline, old people dying alone, underrepresentation of minorities on corporate boards, and other anecdotal “evidence” of stagnant economic prospects. We tried to find the best examples of Japan bearishness: the scariest pieces of evidence we could find, stuff that portrays the world’s third largest economy as a zombie death trap for equity investors.
Following producer prices' surge in November, consumer prices rose 2.2% YoY (as expected).
October producer price pushed to its highest since Dec 2011 but consumer prices are not being pushed higher for now...
The energy index rose 3.9 percent and accounted for about three-fourths of the all items increase; indexes for motor vehicle insurance, used cars and trucks, and new vehicles also increased. The indexes for apparel, airline fares, and household furnishings and operations all declined in November
UK Stagflation Risk As Inflation Hits 3.1% and House Prices Fall
True to its perpetually optimistic form, OPEC, which last month for the first time conceded the threat posed by rising US shale production...
... sharply raised its demand forecast for cartel oil in 2018, ahead of the OPEC meeting at the end of November.