Jerry OConnor

From Inflation to Deflation: Navigating Impending Recession Realities

From Inflation to Deflation: Navigating Impending Recession Realities

Key Takeaways: 1. Inflation metrics are currently above target but rapidly declining due to a plunge in indices like PPI. 2. Central banks' tightening policies and leading indicators suggest an impending global economic contraction. 3. An inverted yield curve, rising interest rates, and liquidity concerns indicate a potential severe

Week Ahead: Key Inflation Report Due

Week Ahead: Key Inflation Report Due

This should offer guidance on whether the Fed will continue raising rates or take a break. Key takeaways: * US Inflation date is to be released on Wednesday, May 10th at 8:30 AM ET. * The report is significant to the future decisions of the Fed on further hiking interest rates.

Why Mohamed El-Erian believe the Fed is in a “Trilemma”

Why Mohamed El-Erian believe the Fed is in a “Trilemma”

Top economist Mohamed El-Erian stated that the US central bank is facing a "trilemma" of price stability, maximum jobs, and financial stability.

From Sound to Stress: The State of the Banking System in Today's Financial Challenging Times

From Sound to Stress: The State of the Banking System in Today's Financial Challenging Times

Inflation and the Federal Reserve: Why Rate Hikes May Not Address Root Causes Key Takeaways * The Federal Reserve's tenth interest rate hike may not reduce inflation, and the current financial crisis could be worse than 2008 due to structural changes in the economy. * The banking system is under

First Republic Bank on the Brink: FDIC Prepares to Seize and Sell Troubled Lender

First Republic Bank on the Brink: FDIC Prepares to Seize and Sell Troubled Lender

Key Takeaways: * The Federal Deposit Insurance Corp. is considering taking over First Republic Bank and facilitating a sale after a $100 billion deposit withdrawal severely impacted the bank's business model. * First Republic Bank's business model was built around gathering big deposits from wealthy customers and offering

What does the Mortgage Fee Change Mean for You?

What does the Mortgage Fee Change Mean for You?

Are there really higher fees for higher credit score? Key Takeaways: * The Federal Housing Finance Agency has created a new rule effective May 1, 2023, which adjusts mortgage fees depending on the homeowner's credit score. Those with good credit scores will have slightly higher fees, while those with

The Demise of the Dollar: De-dollarfication Worldwide

The Demise of the Dollar: De-dollarfication Worldwide

Key Takeaways: * The de-dollarfication of the worldwide payment system refers to the shift away from the U.S. dollar as the primary currency for payments and transactions worldwide. * The de-dollarfication is motivated by political, economic, and financial reasons. Countries such as China, India, and Russia are actively working to create