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The Latest Breaking News from Joseph Brusuelas

Forget AI, debt has become the main character on Wall Street as markets just now decided that it's gotten out of control after years of warnings

"When does debt become unsustainable? When the global financial markets say it is. That appears to be happening."

Fortune

The stock market may be doing so well that it's causing more baby boomers and Gen Xers to drop out of the labor force

“My hunch is that this is as at least partially attributable to wealth effects from record highs in the stock market.”

Fortune

After a nearly 1,000% surge, the AI debt orgy can’t last forever, while hidden borrowing has exploded to $1.65 trillion

“At some point, the rivers of capital financing private and government debt issuance will flow less freely.”

Fortune

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U.S. debt suddenly draws weaker demand as $10 trillion must be rolled over this year amid Iran war. 'The bond market remains undefeated'

"The need for additional spending to finance the war would increase U.S. debt, sparking a bond market selloff as investors require additional compensation to cover potential losses."

Fortune

White House worries as gas prices jump amid ongoing US-Israel war on Iran

US drivers are largely insulated from higher oil prices caused by Middle East turmoil – but only to a point

The Guardian - US

'We might need more than a few grains of salt': Top economists pan inflation report that effectively assumed housing inflation was zero

The culprit, several economists say, is the extended government shutdown.

Fortune

Like Javier Milei, Trump also can't stop Argentina's peso from falling — 'Will the U.S. get paid back?'

"If history has taught us anything about Argentina, it is that past bailouts, when political support wanes, have proven futile."

Fortune

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Is the Fed ready to go big? Analysts debate jumbo rate cut after soft jobs data

A half-point cut is “now in play,” some analysts say.

Fortune

Stocks fall as Trump administration waffles on trade deals

Trump downplayed progress on Tuesday as investors await the Federal Reserve.

Fortune

RSM chief economist: 'Recession will start on the docks of Los Angeles'

“The price of those policies will be first paid at the ports and then spread to the rest of the economy,” RSM’s Joseph Brusuelas wrote, referring to the president’s tariff and trade policies.

Fortune

Trump Tariffs To Test Resiliency Of US Consumers

In unveiling tariffs this week challenging the decades-old international trade order, President Donald Trump lambasted globalization as a raw deal for the United States that has devastated US manufacturing towns.

International Business Times

Dollar, Treasury Yields, Stocks Fall In Tandem After October Inflation Uptick

U.S. dollar falls as inflation rises, tech stocks hit hard, while yen surges on speculation of Bank of Japan rate hike in December.

Benzinga

US growth likely picked up last quarter after a sluggish start to 2024, reflecting resilient economy

The American economy, boosted by healthy consumer spending, is believed to have regained some momentum this spring after having begun 2024 at a sluggish pace

The Independent UK

Fed official says banking rules are under review in the wake of SVB failure

Michael Barr, the nation’s top banking regulator, said Silicon Valley Bank was warned in the fall of 2021 that its interest rate model was not ‘aligned with reality.’

Chicago Sun-Times

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Los Angeles Times

Michael Hiltzik: The Fed's anti-inflation work is almost done, with an assist from the banking crisis

The Federal Reserve Board may owe the banking crisis a thank-you note.

Benzinga

4 Experts On What The 8.2% CPI Print Means For The Fed & The Markets: Could 'Supersize' Rate Hike Spark 'Rude Awakening'?

The Labor Department on Thursday reported an 8.2% year-over-year increase in the consumer price index for September, which sent the SPDR S&P 500 (NYSE: SPY) tumbling lower.

Benzinga

3 Pros On What 8.3% CPI Inflation Number Means For The Fed: 'A Strategic Error Of Epic Proportions'

The Labor Department on Tuesday reported an 8.3% year-over-year increase in the consumer price index for August, which sent the SPDR S&P 500 (NYSE: SPY) and the Invesco QQQ Trust (NASDAQ: QQQ) spiraling lower.

Benzinga

US Adds 390,000 Jobs In May: 'Little Solace In These Numbers'

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1% Friday morning after the Labor Department reported strong U.S. jobs market numbers from May.

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Benzinga

US Adds 428,000 Jobs In April: 'Growth With Less Wage Pressure'

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.5% Friday morning after the Labor Department reported strong U.S. jobs market numbers from April.

Benzinga

'Warning Sign': Experts React To Surprise 1.4% Drop In US GDP

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 2.1% on Thursday after the Commerce Department said U.S. GDP declined 1.4% in the first quarter.

Benzinga

Why Price Controls Are Not The Answer To Soaring Gasoline Prices

Skyrocketing oil and gasoline prices have some Americans calling for a return to the pricing controls of the 1970s.

Benzinga

US Adds 431,000 Jobs In March: 'Labor Market Dynamics Remain Robust'

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.4% Friday morning after the Labor Department reported lackluster U.S. jobs market numbers from March.

Benzinga

Why Inflation During Times Of War Is Typical And Could Get Even Worse

For more than a year, the U.S. Federal Reserve reassured investors that post-COVID-19 pandemic inflationary pressures were transitory. However, Joseph Brusuelas, principal and chief economist for RSM US LLP, said Tuesday that the Russian invasion of Ukraine may have assured investors inflation is here to stay for at least the next…

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