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Presented by Doug Noland since 2012
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[CNBC] S&P 500 little changed as traders digest strong GDP report, await Fed decision: Live updates
[Reuters] Oil pauses rally as markets weigh Trump's ultimatum to Russia
[AP] Trump announces 25% tariff on India starting Aug. 1, unspecified penalties for buying Russian energy
[AP] Trump’s latest tariff deadline is approaching. Here are the trade deals the US has announced so far
[AP] US economy rebounds a surprisingly strong 3% in the second quarter
[Yahoo/Reuters] US private payrolls increase in July
[Yahoo/Reuters] US economic growth likely rebounded in Q2, but with weak underlying details
[CNBC] Mortgage demand drops to lowest level since May, as interest rates stall
[Reuters] Fed to hold rates steady despite Trump's push for big cuts
[Axios] There's a massive bipartisan housing bill moving forward in Congress
[NYT] What to Watch at the Federal Reserve’s July Meeting
[Bloomberg] Trump’s ‘Napkin’ Trade Deals Are Worry for SE Asia, Analyst Says
[Bloomberg] Microsoft, Meta Face Investor Scrutiny Over AI Spending Binge
[Bloomberg] Wall Street’s Big Loans to Emerging Markets Spark Risk Worries
[Bloomberg] China Prepares to Unseat US in Fight for $4.8 Trillion AI Market
[Bloomberg] Angry Farmers Vow to Fight If Korea Leader Bows to Trump Demands
[Bloomberg] ‘Dumb’ AI Bots Collude to Rig Markets, Wharton Research Finds
[Bloomberg] Japan Records Highest Temperature Ever as Heat Wave Lingers
[WSJ] Fed Governors Could Break Ranks as Trump Intensifies Powell Pressure
[WSJ] How China Is Girding for an AI Battle With the U.S.
[WSJ] In This Frothy Market, It’s Boom Times for Brokers Like Robinhood
[WSJ] China Politburo Holds off on Further Stimulus
[FT] What could a Trump appointee do at the Fed?
[FT] Will Mark Zuckerberg’s secret, multibillion-dollar AI plan win over Wall Street?
[FT] Donald Trump’s tariffs spread alarm among Brazilian farmers and ranchers
[FT] ‘Pervasive sense of fear’: China steps up exit bans as US tensions flare
[CNBC] S&P 500 little changed as traders digest strong GDP report, await Fed decision: Live updates
[Reuters] Oil pauses rally as markets weigh Trump's ultimatum to Russia
[AP] Trump announces 25% tariff on India starting Aug. 1, unspecified penalties for buying Russian energy
[AP] Trump’s latest tariff deadline is approaching. Here are the trade deals the US has announced so far
[AP] US economy rebounds a surprisingly strong 3% in the second quarter
[Yahoo/Reuters] US private payrolls increase in July
[Yahoo/Reuters] US economic growth likely rebounded in Q2, but with weak underlying details
[CNBC] Mortgage demand drops to lowest level since May, as interest rates stall
[Reuters] Fed to hold rates steady despite Trump's push for big cuts
[Axios] There's a massive bipartisan housing bill moving forward in Congress
[NYT] What to Watch at the Federal Reserve’s July Meeting
[Bloomberg] Trump’s ‘Napkin’ Trade Deals Are Worry for SE Asia, Analyst Says
[Bloomberg] Microsoft, Meta Face Investor Scrutiny Over AI Spending Binge
[Bloomberg] Wall Street’s Big Loans to Emerging Markets Spark Risk Worries
[Bloomberg] China Prepares to Unseat US in Fight for $4.8 Trillion AI Market
[Bloomberg] Angry Farmers Vow to Fight If Korea Leader Bows to Trump Demands
[Bloomberg] ‘Dumb’ AI Bots Collude to Rig Markets, Wharton Research Finds
[Bloomberg] Japan Records Highest Temperature Ever as Heat Wave Lingers
[WSJ] Fed Governors Could Break Ranks as Trump Intensifies Powell Pressure
[WSJ] How China Is Girding for an AI Battle With the U.S.
[WSJ] In This Frothy Market, It’s Boom Times for Brokers Like Robinhood
[WSJ] China Politburo Holds off on Further Stimulus
[FT] What could a Trump appointee do at the Fed?
[FT] Will Mark Zuckerberg’s secret, multibillion-dollar AI plan win over Wall Street?
[FT] Donald Trump’s tariffs spread alarm among Brazilian farmers and ranchers
[FT] ‘Pervasive sense of fear’: China steps up exit bans as US tensions flare
[CNBC] Stocks move higher after S&P 500 ekes out another closing record: Live updates
[Reuters] Explainer: What's at stake for Japan's fragile bond market this week
[AP] Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump
[Reuters] Fed's policy toolkit may be headed for fundamental changes
[Reuters] US, China resume talks in Stockholm to ease tariff hostilities
[Reuters] What's in Trump's trade deal with Europe?
[AP] Trump’s tariffs could squeeze US factories and boost costs by up to 4.5%, a new analysis finds
[Politico] Trump got his tariff hike. The rest remains murky.
[Axios] Drug prices likely to rise with tariffs on EU
[AP] Cheyenne to host massive AI data center using more electricity than all Wyoming homes combined
[Yahoo/Reuters] Ex-BOJ deputy chief Nakaso sees 'cracks' in dollar's supremacy
[Yahoo/Reuters] UBS orders bankers to scale back sale of complex currency products, FT reports
[Yahoo/Bloomberg] Taiwan Leader Calls Off US Stopover as Trump Seeks Xi Summit
[Bloomberg] The Boom in AI Is Stressing the Largest US Power Grid
[Bloomberg] US Needs More Negotiations With India for Trade Deal, Greer Says
[Bloomberg] Lutnick Sees Likely 90-Day Extension of China Trade Truce
[Bloomberg] US Credit Conditions Deteriorate Following Tariffs, Moody’s Says
[Bloomberg] Japan Ruling Party to Discuss Prime Minister Ishiba’s Fate Soon
[Bloomberg] China’s Social Spending Hits Highest Level in Nearly Two Decades
[Bloomberg] PBOC Finds Consumer Mood Is Turning Darker Even as Economy Grows
[Bloomberg] Taiwan Investors Turn to Europe as US Assets Lose their Allure
[Bloomberg] Villain of 2008 Crisis Gets New Life in Europe’s Push for Growth
[NYT] Powell Under Siege as Fed Plans to Stand Pat on Rate Cuts
[WSJ] A Divided Fed Eyes Future Rate Cuts but Won’t Move This Week
[WSJ] The Fed Chair Doesn’t Set Rates by Himself. Here Are the Other Voting Members.
[WSJ] Trump’s New Trade Order Is Fragile
[WSJ] Trump’s Tariffs: Where He Started, What He Threatened, Where He Ended Up
[WSJ] Who Pays? AI Boom Sparks Fight Over Soaring Power Costs
[WSJ] AI Is Wrecking an Already Fragile Job Market for College Graduates
[FT] Donald Trump’s tariff blitz brings US levies to highest levels since 1930s
[FT] China struggles to break its addiction to manufacturing
[CNBC] Stocks show small gain as U.S.- EU trade deal kicks off a hectic week for markets: Live updates
[Yahoo/Bloomberg] Bond Traders Await Fed Meeting, Refunding and Jobs Report
[Yahoo/Bloomberg] For Bond Dealers, It’s Now All About Bills at Bessent’s Treasury
[AP] US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year
[Axios] Trump's tariffs start August 1, no extensions, Lutnick says
[Yahoo/Bloomberg] The EU’s $750 Billion Energy Deal With Trump Looks Hard to Reach
[Reuters] EU's pledge for $250 billion of US energy imports is delusional
[AP] US and China officials meet in Stockholm to discuss how to ease trade tensions
[Axios] Tariff revenue is spiking. But who exactly is paying?
[Yahoo/Fortune] Meet the ‘masters of the universe’ heading up the private credit explosion
[Yahoo/Bloomberg] Trump Says He’ll Shorten 50-Day Deadline He Gave Putin for Truce
[Reuters] BOJ may paint less gloomy view, signal rate-hike resumption
[Yahoo/Telegraph] Beijing keeps up rare earths pressure on Trump
[AP] Thailand and Cambodia agree to “unconditional” ceasefire to end deadly border row, Malaysian PM says
[Bloomberg] Japan’s Ishiba to Face Crunch Meeting of LDP Lawmakers Monday
[NYT] Making Sense of the E.U. Trade Deal
[NYT] U.S. and China Meet as Trade Truce Nears Expiration
[WSJ] Trump and Bessent Bring New Style to Managing America’s Debt
[WSJ] Companies Welcome EU-U.S. Trade Deal as Least-Bad Outcome
[WSJ] Five Signs of a Market Bubble Investors Are Tracking
[WSJ] With Individual Home Buyers on the Sidelines, Investors Swoop into the Market
[FT] What have the US and EU agreed on trade?
[FT] The coming crypto crisis
[FT] Donald Trump freezes export controls to secure trade deal with China
[FT] Russia runs low on Soviet-era arms as North Korea fills gap
[Yahoo/Bloomberg] Pressure Mounts on Fed Chief Powell in Tee Up to GDP, Jobs Data
[Yahoo Finance] Federal Reserve meeting, July jobs report, and Big Tech earnings: What to watch this week
[AP] Threat of US-EU trade war looms as Trump and top European official plan talks in Scotland
[Yahoo/Bloomberg] Trump and Von Der Leyen Set to Meet With Trade Deal in Balance
[CNN] An emboldened China eyes more concessions from US at Stockholm trade talks
[Yahoo/Bloomberg] Rising Fiscal Deficits Drive Billions Into Credit
[Reuters] China's industrial profits fall further in June
[AP] Thai and Cambodian leaders to meet in Malaysia for talks to end deadly border dispute
[Bloomberg] Japan PM Ishiba Signals Intent to Stay On Despite Calls to Quit
[Bloomberg] Japan Investors Brace for BOJ, Earnings After Trump-Fueled Rally
[WSJ] Americans See Their 401(k)s Not Just as Nest Eggs but as Rainy Day Funds
[WSJ] Investors Are Flocking to the Stock Market’s Discount Rack
[WSJ] Beijing Pivots to Rein In Excess Capacity Amid Squeezed Industrial Profit
[WSJ] China Strong-Armed Japan Over Rare Earths. It’s a Lesson for the U.S.
[FT] EU and US locked in talks ahead of key Trump meeting with von der Leyen
[FT] Brazil to double down on Brics in defiance of Donald Trump
[Reuters] Investors eye possible US-Europe trade deal as deadline looms
[Reuters] Wall St Week Ahead: Tariffs, Fed, tech results headline jam-packed markets week
[Yahoo/Bloomberg] Trump Tariffs Leave Costly China Supply Question Unanswered
[Reuters] Huawei shows off AI computing system to rival Nvidia's top product
[AP] Thailand and Cambodia trade accusations as deadly border clashes enter third day
[Bloomberg] China Premier Warns of AI ‘Monopoly’ as US Effort Quickens
[NYT] Behind Trump’s War With Powell: A Battering Ram With 3 Million Followers
[WSJ] Trump’s Megabill Cut Taxes. Here’s Who Came Out Ahead.
[WSJ] The Hottest Business Strategy This Summer Is Buying Crypto
[WSJ] Trump Fast-Tracks Deregulatory Push at Consumer-Protection Bureau
[FT] The bond market maths does not add up for governments
[FT] China proposes global body to govern artificial intelligence
Q4 Review - 2023 Preview
Thursday, January 19, 2023 – 4:00pm Eastern / 2:00pm Mountain
David McAlvany
Doug Noland
Credit Bubble Weekly
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