The rapacious rise of the dollar is set to wipe more than $10bn from US corporate earnings in the third quarter, analysts estimate, piling pressure on companies that are already grappling with high prices and a gloomy domestic outlook. The dollar’s strength has been eating into US earnings all year, taking its toll on makers of everything from children’s toys to cigarettes. The trend is becoming increasingly difficult for investors to ignore as concerns grow about its knock-on impact on demand. Read More...
MarketWatch
Why I don’t want I-bonds
Investors who bought before Friday’s deadline locked in an interest rate of 9.6% (briefly), which will tumble to an estimated 6.5% if you missed it. And right now, while I-bonds are paying a “real” rate of interest of 0%, or inflation plus 0%, long-term TIPS are beating that by nearly 2 full percentage points a year.
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