We shouldn’t read too much into one month of weak Chinese Credit data. July’s growth in Aggregate Financing (system Credit) slumped to $164 billion, [...]
The U.S. economy created 943,000 jobs in July. With upward revisions, there were 938,000 positions added in June and 614,000 in May – for a notable [...]
The Shanghai Composite sank 4.3% this week – and was down as much at 6.7% at intraday Wednesday lows. The Hang Seng China Financials Index was 5.7% lower [...]
July 20 – Reuters (Karen Pierog): “Risk-off sentiment that drove Monday’s sell-off on Wall Street and rally in U.S. Treasuries widened credit spreads on [...]
The week had an ominous feel. Ten-year Treasury yields dropped another seven bps to 1.29% – completely disregarding much stronger-than-expected reports [...]
Please join Doug Noland and David McAlvany Thursday, July 15th, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q2 recap conference call, [...]
Last week’s CBB focused on a fundamental flaw in contemporary central bank doctrine – using securities markets as the primary mechanism for managing system [...]
“When I refer to financial stability, I mean a financial system that is resilient to shocks. That is, one in which banks and nonbank financial institutions [...]
It was a fascinating set up. A pivotal FOMC meeting two days ahead of quarterly “quadruple witch” expiration of options and other derivatives. Option [...]
Total Non-Financial Debt (NFD) expanded $879 billion during Q1 to a record $62.032 TN. NFD expanded an unprecedented $7.671 TN, or 14.1%, over the past five [...]
U.S. Non-Farm Payrolls increased 559,000 in May, about double April’s 278,000 gain, but still below the 675,000 consensus forecast. Average Hourly Earnings [...]
It’s perhaps the greatest issue confronting today’s global markets. It didn’t work in the U.S. in the late-twenties. Arguably, it was an unmitigated [...]
