How does one chronicle a week like this one? “Sam Bankman-Fried’s $32bn FTX Crypto Empire Files for Bankruptcy.” “What’s Next for Crypto as FTX [...]
The guy sounds like a discerning traditional central banker. Powell is an admirer of Paul Volcker’s fortitude, and he’s clearly drawing inspiration from [...]
The S&P500 jumped 4.0% this week, boosting the index’s two-week rally to 8.9%. The small caps rose 6.0% (two-week gain 9.8%), with the average stock [...]
Please join Doug Noland and David McAlvany this coming Thursday, October 27, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q3 recap [...]
It would have been a nonevent; inconsequential. Confirming New Cycle Dynamics, the Truss government’s “mini budget” has unleashed absolute mayhem. [...]
Adapted from my Friday, October 7, 2022, presentation at the annual McAlvany Wealth Management Client Conference in Durango, Colorado. I fell in love with [...]
Global de-risking/deleveraging has taken A Threatening Turn. It’s no exaggeration to write that the UK pension system was this week at the brink of [...]
It really got going Tuesday. Chinese “big four” bank CDS each surged about 10 bps, the largest single-session gains since the July 15th peak “risk [...]
Hotter-than-expected August CPI and quarterly options/derivatives expiration made for a toxic mix. “Core” CPI was reported up 0.6% for the month (7% [...]
Reuters headline: “U.S. Household Wealth Suffers Record Drop in Second Quarter.” Bloomberg: “US Household Net Worth Falls Most on Record on Slump in [...]
Global “Risk Off” gathers momentum by the week. Crisis Dynamics fester, as global central banks coalesce around a united front for battling inflation. The [...]
I appreciate that Jay Powell is no ideologue. His Fed has made some historic missteps, and Powell as Chair has sometimes flailed. But I’m willing to cut him [...]
