Tag: federal reserve
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Global stocks fall as oil hits a 3-year high and China’s energy crunch fans fears of inflation
Wang Ying/Xinhua via Getty Images Global stocks fell Tuesday as China's energy shortage hit factories, a risk to the supply of goods. That shortage and a natural gas squeeze helped drive Brent crude's price above $80 a barrel. Soaring Treasury yields were weighing on US stocks, with techs under particular pressure. Sign up here for…
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Why climate change will keep interest rates low for decades, according to Carson Block
AP Photo/Noah Berger Interest rates will stay at "ridiculously low levels" for decades, Muddy Waters' Carson Block said in a letter to investors.Block believes rates will stay low to combat climate change, according to the letter."Interest rates will be at these levels in order to stimulate investment in technologies to de-carbonize [the economy]," Block said.Sign…
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‘Big Short’ investor Michael Burry predicted the inflation spike a year ago – and sounded the alarm multiple times in February
"The Big Short" investor Michael Burry. Jim Spellman / Getty Images Michael Burry called post-reopening inflation in April 2020. "The Big Short" investor cautioned prices could spike earlier this year too.Burry trumpeted the value of profitable companies during extended periods. See more information on Insider's business page. Michael Burry cautioned the post-pandemic reopening could cause…