'The market could reach an โinvestableโ bottom after analysts cut earnings estimates' - Jim Cramer 6/23/22
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Federal Reserve Alert! Federal Reserve Board releases results of annual bank stress test, which according to the Fed shows that banks continue to have 'strong capital levels'
Source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20220623a.htm
The Federal Reserve Board on Thursday released the results of its annual bank stress test, which showed that banks continue to have strong capital levels, allowing them to continue lending to households and businesses during a severe recession.
All banks tested
SEC Alert! Commissioner Hester M. Peirce comments: Rip Current Rulemakings: Statement on the Regulatory Flexibility Agenda
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Chair Genslerโs Regulatory Flexibility Agenda[1] for the Securities and Exchange Commission sets forth flawed goals and a flawed method for achieving them. The agenda, if enacted, risks setting off the regulatory version of a rip currentโfast-moving currents flowing away from shore that can be fatal to
Fed looks 'dead set' on tightening financial conditions until the economy slows, warns BlackRock
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Housing Alert! According to the National Association of Realtors Existing-Home Sales Fell 3.4% in May; Median Sales Price Surpasses $400,000 for the First Time.
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Highlights
* Note that fewer homes are being sold but at higher prices:
As you can see in the graph, sales of homes below $500k just really aren't happening!
On the surface, this makes sense. 1st time buyers are getting squeezed out of the market due to rising
Former U.S. Treasury Secretary Larry Summers says there needs to be a surge in unemployment to curb inflation. Summers said in a speech on Monday there needs to be a lasting period of an unemployment rise to contain inflation.
Source Source 2
Former U.S. Treasury Secretary Larry Summers says there needs to be a surge in unemployment to curb inflation, which Federal Reserve policymakers say doesnโt need to happen for price growth to cool off.
According to Bloomberg News, Summers said in a speech on Monday from
Indiana Jones and the Raiders of the Synthetic Shares! As of April 30, 2022 โ Retail investors have Direct Registered over $1,903,095,000 worth of GameStop stock. I think itโs time to ask yourself; what do you believe in?
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