Housing prices have surged at rates not seen since the lead-up to the 2008 financial crisis, according to global data. This has led to questions of whether the housing market is in a bubble that could burst. However, there is one thing that is very clear. This is an entirely different run-up than the 2007-2009 […]

In Germany, they have now determined that 40% of all cash in the system is currently being hoarded. The German press, DWN, is also reporting that “Because of the rampant delta variant of the coronavirus, investors are again increasingly heading for the ‘safe haven’ dollar.” The three largest deaths are usually cardiovascular (17.79 million), cancer […]

ASIA: China has scrapped its population control policy. Families in China can have as many children as they like without facing fines or other consequences. The announcement ended, in practice, decades of restrictions on the number of children each household could have, as authorities attempt to encourage births in the face of a rapidly aging […]

Governor Andrew Cuomo has used campaign cash to pay nearly $285,000 in bills from the lawyer defending him against sexual harassment allegations. This is how the corruption in politics unfolds. Can you imagine a fund manager being sued and using the fund money to defend him personally? That would be 20 years in jail for […]

ASIA: Shares of Didi plunged more than 7% in US pre-market trade on Friday after officials from seven Chinese government departments visited the ride-hailing giant’s offices to conduct a cybersecurity review. The ride-hailing giant was forced to stop signing up new users and its app was also removed from Chinese app stores. The Cyberspace Administration […]

ASIA: China’s central bank cut the amount of cash most banks must hold in reserve. The People’s Bank of China will reduce the reserve requirement ratio by 0.5 of a percentage point for most banks, according to a statement published Friday. That will unleash about 1 trillion yuan ($154 billion) of long-term liquidity into the […]

  COMMENT: I’m a Canadian and just turned 60 this year and after receiving paperwork about the Canadian Pension here is what I learned. If I take early pension at 60 I’ll receive 489. a month. If I wait till 65 it will be 760. a month. If I wait till 70 it jumps to […]

ASIA: China will cut the amount of cash that banks must hold as reserves, releasing around 1 trillion yuan ($154.19 billion) in long-term liquidity to underpin its post-COVID economic recovery that is starting to lose momentum. The People’s Bank of China (PBOC) said on its website it would cut the reserve requirement ratio (RRR) for […]

QUESTION: Why is the Fed doing so much Reverse Repo? Do you think it will hit $2 trillion? JE ANSWER: I understand that people seem to be talking up the reverse repo activity as doom and gloom. The Federal Reserve has been raising interest rates and boosted the return to fight inflation. The reverse repo […]

ASIA: Japanese bank lending rose at its slowest annual pace in more than eight years in June as corporate fund demand to weather coronavirus-linked cash constraints subsided, central bank data showed on Thursday. Total deposits parked at commercial banks continued to rise and hit a fresh record last month, the data showed, as companies and […]