I’ve held the view that Chinese finance has been at the epicenter of international market unease. The U.S./China trade war was not the predominant global [...]
Please join Doug Noland and David McAlvany Thursday, October 17th, at 4:00PM Eastern/ 2:00pm Mountain time for the Tactical Short Q3 recap conference call, [...]
This week’s disappointing ISM reports dominated business headlines: “US Manufacturing Survey Shows Worst Reading in a Decade.” “U.S. Factory Gauge [...]
Non-Financial Debt (NFD) expanded $408 billion during Q1 to a record $53.015 TN. This was down from Q1’s $765 billion expansion. On a seasonally-adjusted and [...]
September 20 – Wall Street Journal (Daniel Kruger): “The Federal Reserve Bank of New York will offer to add at least $75 billion daily to the financial [...]
For the Week: The S&P500 gained 1.0% (up 20.0% y-t-d), and the Dow rose 1.6% (up 16.7%). The Utilities were unchanged (up 18.8%). The Banks surged 7.8% (up [...]
After an extraordinary August, markets are showing no inclination for stability to begin September. Jumping 1.3% Thursday on news of an October restart of [...]
What a fascinating environment; each week bringing something extraordinary. Yet there is this dreadful feeling that things are advancing toward some type of [...]
August 23 – Reuters (Se Young Lee and Judy Hua): “China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, [...]
The Chinese Credit machine sputtered in July. Growth in Total Aggregate Financing dropped to $144 billion, almost 40% below consensus estimates. This was less [...]
In the People’s Bank of China’s (PBOC) Monday daily currency value “fixing,” the yuan/renminbi was set 0.33% weaker (vs. dollar) at 6.9225. Market [...]
Twenty-four hours that confounded – as well as clarified. Chairman Powell has, again, been widely criticized for his messaging. With the markets and [...]
