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Jason MaFortune |
The cost of insurance against a French default is now the highest among the major EU countries and the UK.
"Folks, at this point in time, any exports Saudi achieves via the Red Sea is just icing on their $100/barrel cake."
"Buying a home also bundles two very important, but very different, decisions: where to live, and how to invest a large chunk of your life savings."
The legal channel the administration is using to seize the tankers is known as prize law and has its roots in the Middle Ages.
"With interest rates on new Treasury bonds and notes at around 5% and medium-term nominal economic growth expected to be closer to 4%, the U.S. is...
Tanker Trackers estimated that the total amount of crude oil exiting the U.S. blockade line is now 13 million barrels per day.
Publicly held debt would explode to 222% of GDP by 2056, under a scenario where interest rates rise by 1 percentage point.
"But at present, their main concern is not our well-being. Their main concern is to achieve whatever goal you give them."
The Senior Citizens League estimated the COLA for 2027 will be 3.5%, while the AARP projected a 3.6% hike.
Saudi Arabia's central bank dropped out of China's mBridge digital payment platform last year.
"We’re seeing a pivotal shift in the US economy: investment is shifting away from residential investment and towards computers."
“Under these circumstances, there is little alternative but to find a way to restore and maintain the southern trade corridors.”
"Having 2,000 items at or below $1 is very meaningful for the consumer, always has, but especially in this environment."
"If interest begets debt, and debt begets interest, eventually debt will spin out of control. A fiscal crisis, once unthinkable, is now a distinct...
"We will not in any way hinder or stifle the Growth of this incredible Industry," Trump posted on Truth Social.
"The explosive growth of the state’s billionaires over the past few decades has made it one of the most unequal places in America."
"Serving as your Chairman has been the privilege of a lifetime, and I have never taken your trust for granted. Father Time always wins. He has,...
The 10-year topped 5% for the first time since 2023 as the war in its seventh month chokes oil supply — with the U.S. debt above 100% of GDP..
“I’m willing to look at the tax rate. I am willing to raise the amount of income through tax.”
"Most of the factors we consider are at, or close to, levels that have preceded past stock market peaks."
"So these AIs are getting smarter, very, very quickly. And in particular, in the next six months to a year, I expect the capabilities of our AI...
"These changes helped to reduce delinquencies and defaults but also made it more difficult for many Americans to qualify for a mortgage."
Foreign ministers from the Gulf Cooperation Council—which is comprised of Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman—will meet their...
The anomalous recent behavior of the 10-year yield is actually as sign that "demand for Treasury debt is weaker than first meets the eye."
"The result is an industrial machine that cannot stop and cannot slow down—but that, owing to the limits of demand, cannot keep going."
"There is the need to seriously address the chain of economic and livelihood challenges, such as inflation, unemployment, management of prices and the...
The healthcare and social assistance industry, which will expand employment by 2.2 million over the next decade.
“Why did we make a single currency and an ECB together? We can do it and I bet we’d find allies in Europe.”
"Attempting to strike U.S. warships enforcing the blockade therefore crosses a different threshold."
The overall exposure to dollar-denominated assets would remain largely unchanged at 52.5% versus 52.9% under the current portfolio.
"The concentration of wealth among older generations suggests that consumer spending is increasingly being supported by the spending of accumulated...
"If this continues, it would suggest the labor market is losing strength despite what we may see in the headline unemployment numbers."
"Children don’t need school to become more like the digital world. They are already immersed in that world for much of the time outside school hours."
"People are on the edge now; if I put more pressure on them, they might fall off the edge. We have to be careful that no one falls off."
"Capital flowing into corporate bonds is capital not flowing into Treasuries, and Treasury yields have had to rise to clear the market."
"Digital assets and gold are how ordinary Iranians protect their savings from inflation."
The federal government will hold a 55% stake in the company, consisting of equity ownership and oil production.
"And any nation that serves as a financial artery of a withering regime should expect to share in its isolation."
"And if the Strait is not fully closed, Iran’s leverage is weak. Thus, Iran has reasons to escalate."
The financial sector's loss of deposits has created a liquidity crunch so severe that it's threatening Russia's ability to fund its war.
"If the market price of USTs is not 'allowed' to adjust down, the foreign exchange price of UST owned by foreign investors has to adjust via a...
"When does debt become unsustainable? When the global financial markets say it is. That appears to be happening."
"Taming inflation is the key to restoring stability in Venezuela, and all the other progress flows from that."
"As someone who has experienced war, we understand the true value of peace."
"Markets are primed for Dollar debasement to resume and — as Japan shows — it can be next to impossible to stabilize a currency once it enters a...
Thrive Capital founder Joshua Kushner's $12.5 billion deal with former Disney CEO Bob Iger to buy the Los Angeles Lakers vaults him into an elite...
Unless the U.S. implements the June ceasefire deal in a few weeks, Iran will launch a "timely and precise" attack to break the blockade, an Iranian...
"My guess is he is preparing to offset a boatload of carried interest income. If you own a sports team, done correctly, you can get a deduction...
"I think by far the most accurate criticism of AI companies including Anthropic is that we haven’t yet delivered on our big promises to benefit the...
Satellite images revealed that Saudi ships on both sides of the Strait of Hormuz are preparing to transport oil out of the Persian Gulf.