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IEA, OPEC Divergence On Oil Demand Becomes Too Big To Ignore

Reuters this week reported that the divergence between IEA and OPEC demand numbers is the largest in 16 years. The IEA predicted last year that oil demand would peak before 2030. OPEC has a vested interest in stronger global demand, so there may well be an overestimation bias in its outlooks. Ever since the International [...] READ MORE

JPMorgan Sees Gold Soaring to $2,500

Executive summary   The price of gold is often driven by a complex interplay of factors, including the U.S. dollar exchange rate, real yields, supply/demand dynamics and sentiment. In recent years gold has exhibited a tendency to react to real yields in an asymmetric manner, supported by strong central bank purchases. We are constructive on [...] READ MORE

U.S. Office Market Faces Major Glut, Warns BrookfieldExecutive

A person stands on the Hudson River shoreline as heavy fog hangs over the skyline of New York City and midtown Manhattan in the background, in Weehawken, New Jersey, U.S., February 27, 2024. CANNES, France, March 13 (Reuters) - The troubled U.S. office market is the world's most oversupplied and property investors have taken on [...] READ MORE

STOCK BUBBLE: You Need To See This Data – 1929Again?

Is the stock market on the brink of a major correction? Join Alan Hibbard as he navigates through historical data, drawing eerie parallels between today’s stock market and the prelude to the 1929 crash. From tech trends to valuation metrics, find out why experts are raising red flags and discover the disconnect between stock prices [...] READ MORE

Dimon Warns: US Economic Outlook Uncertain, Recession RiskLingers

Jamie Dimon (File Photo) Jamie Dimon said he wouldn’t take the prospect of a recession in the US “off the table,” but that the Federal Reserve should wait before it cuts interest rates.   “The world is pricing in a soft landing, at probably 70-80%,” the JPMorgan Chase & Co. chief executive officer said via [...] READ MORE

Summer Oil Spike Looms, Morgan Stanley StrategistAlerts

KEY POINTS Investors could be caught off guard by the strength of an oil price rally this summer, according to Morgan Stanley’s Martijn Rats. His comments came as oil prices rose on Wednesday amid fears of potential supply disruption. “Look, we’re not calling for the super cycle, but we could have a bit of strength [...] READ MORE

The Fight Against Counterfeit Dollars: What You Need toKnow

(NEXSTAR) — Americans are increasingly using less cash, but fake money is still all the rage.   In 2023 alone, the Secret Service says it seized $21.8 million in counterfeit currency, leading to nearly 200 arrests. (Yes, the Secret Service is tasked with protecting the president, vice president and others, but the agency also investigates [...] READ MORE

CNBC’s February Inflation Breakdown

KEY POINTS Consumers still grappled with price growth in February, new government data shows. Here’s which goods and services went up the most. Shoppers are seen in a Kroger supermarket in Atlanta on Oct. 14, 2022. Consumers continued to contend with higher inflation in February, according to new government data.   The consumer price index [...] READ MORE

Homeownership Hopelessness: Renters Doubt FuturePossibilities

The rise in home prices coincides with a severe drop in new housing construction after the Great Recession, the report said. Photograph: David Paul Morris/Bloomberg via Getty Images The American dream of owning your own home is dead, according to the majority of renters surveyed in a new poll shared exclusively with the Guardian, and [...] READ MORE