Why is OPEC Cutting Oil Output?

Why is OPEC Cutting Oil Output?

by | Apr 5, 2023 | Economy

Here are the main reasons why OPEC+ is cutting output: CONCERNS ABOUT WEAK GLOBAL DEMAND Saudi Arabia has said voluntary output cuts of 1.66 million bpd on top of the existing 2 million bpd cuts were made as a precautionary measure aimed at supporting market...
Inflation Hits Stocks, Bonds…and Your Wallet

Inflation Hits Stocks, Bonds…and Your Wallet

by | Mar 29, 2023 | Economy

We commit a lot of editorial space in MoneyLetter to the effects of high inflation on equity and fixed income prices. But what about the effects of inflation on your wallet? Everything from food to gas to home repair products seems to be increasing in price every day....
The SVB Situation and Your Financial Picture

The SVB Situation and Your Financial Picture

by | Mar 17, 2023 | Economy

You’ve heard the news that Silicon Valley Bank (SVB) has experienced a financial shock. In a matter of a few short days, Silicon Valley Bank went under. So, let’s get into the facts that can help put this event into context. The series of events Before interest rates...
What the Banking Panic Means for Fed Rates Next Week

What the Banking Panic Means for Fed Rates Next Week

by | Mar 15, 2023 | Economy

As markets recovered on Tuesday, the banking crisis that kicked off on Friday looked a little less scary, though the turmoil may not be over yet. There is optimism that the problems that sank Silicon Valley Bank and others in the U.S. won’t spread. Of course, there...