NEW YORK/ LONDON, Aug 22- Gold prices edged up on Friday as U.S. equities slipped, but gains were limited by fears over deflation after Federal Reserve Chair Janet Yellen said U.S. labor markets remain hampered by the effects of the Great Recession. Gold prices continued to hover just above a two-month low reached on Thursday.» Read More
A year ago, spreads between the long bond and the 2-year note were close to zero. At the start of February 2007 we were looking at a slightly inverted yield curve, often a predictor of a recession. Now, a year later, the spread is approaching 300 basis points, hitting 292 on Friday. We haven't hit spreads that wide since 2004. Here is a 10 year history of treasury yields...
Warren Buffett told CNBC that by a "common sense definition", the U.S. economy is already in a recession...
In a series of exclusive live appearances on CNBC's Squawk Box this morning, Warren Buffett told us that by a "common sense definition", the U.S. economy is already in a recession, even if it hasn't met the technical definition of two consecutive quarters of negative growth. He restated, however, his view that over the long-run the U.S. economy will do fine and that each generation will live better than the one before it.
The economy skidded to a near halt in the final quarter of last year, clobbered by dual slumps in housing and credit that caused people and businesses to spend and invest more sparingly...
Federal Reserve Chairman Ben Bernanke said the U.S. central bank will act as needed to ensure beleaguered housing and credit markets do not further undermine an already sluggish economy...
Do the grim economic reports point the U.S. economy towards stagflation? The markets seem to be shaking them off...Today the producer price index (PPI) monthly report showed that producer price inflation surging in January to 1.0%, and that the core rate, ex. food and energy also firmed at 0.4%. The year-over-year PPI is at 7.7%, up from 6.5% in December, and is at the highest rate since September 1981.
This week the Philadelphia Federal Reserve reported contraction in its business activity index, hitting a minus 24 for the month and down further from the minus 20.9 reading in January. As a slowdown in the Mid-Atlantic region worsens, one of our editors wondered what is happening to Philly Feed (i.e., the Philly Cheesesteak) as the Philly Fed points to a slowing economy.
Was last week's rally just a momentary respite from the bear's roar? Find out what the charts suggest!
See what people are saying about "Fast Money." Bob writes, (Who says) you can't separate the speculators from the legitimate homeowners. This type of non-thinking is what's wrong with our government.
With a 5.6% dividend yield, Pfizer is currently the highest yielding stock in the Dow Jones Industrial Average and ranks 20th in yield on the S&P 500. As a point of comparison, 30 Yr treasuries and the Lehman Aggregate Bond Index are yielding about 4.5%. The Lehman Corporate Bond Index is yielding 5.55%. So is it the time to buy PFE?
Cramer is standing by the beleaguered housing stock. Also, his take on Warren Buffett's bond insurer band-aid and why GM could go to $50.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
See what people are saying about "Fast Money." "I think the best bet is that we will not have a recession," St. Louis Federal Reserve Bank President William Poole said Monday. Is he right? Tell us now!
How can you make sense of charts in a market as wild as this one? Find out from esteemed market technician, Louise Yamada.
Richmond Federal Reserve Bank President Jeffrey Lacker Wednesday said policy-makers are worried about the possibility of recession, but that persistent inflation remains a worry for the central bank.
"The recession has indeed arrived," said Jane Caron, chief economic strategist at Dwight Asset Management in Burlington, Vermont. See what other people are saying on Tuesday Feb. 5th.
Bears are arguing that the ISM Services report--well below expectations--is the final nail in the rescission coffin. We now have several very weak data points in the last week: ISM Services, nonfarm payrolls, and new home sales. Only durable good orders recently have been above expectations.
Today's ISM non manufacturing number of 41.9 is the second lowest ever reading for the 10 year old index.
The bad news is baked in, Cramer says. BDK is ready to run.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The multinational trade is thriving as global growth continues unabated and regardless of the U.S. economic slowdown. But the best way to play the world’s booming economies can be right here at home. Guy Adami highlights his favorite U.S.-based multinationals.
Recession chatter is reaching a crescendo The media is full of it. Wall street economists are predicting it. And companies are planning for it. But, the U.S. is not really in a recession yet, technically speaking. (or at least we don't know if we are.)