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Labor Costs To Spike Worldwide Inflation Higher For Decades Long-Term Interest Rates Higher For Much Longer “The rise of China and demography created a sweet spot that has dictated the path of inflation, interest rates, and inequality over the last three decades. But the future will be nothing like the past, and we are at […]
[Yahoo/Bloomberg] Stocks Rise With Boost From Rates Outlook: Markets Wrap [Yahoo/Bloomberg] Oil Trades Near Two-Month High on Signs of US Inventory Drawdown [Yahoo/Bloomberg] Le Pen Seeks Majority as Rival Groups Team Up to Stop Her [Yahoo/Bloomberg] Americans look past fuel cost, bad weather to set July Fourth travel record [Yahoo/Bloomberg] Home Affordability in the US […]
[Yahoo/Bloomberg] Stocks Drop Ahead of Jobs Data; Nvidia Slips: Markets Wrap [Reuters] Dollar soars near 38-year yen peak as Trump risk lifts US yields [Yahoo/Bloomberg] Oil Trades Near Two-Month High on Mideast, Hurricane Concerns [Reuters] Morning Bid: Growth ebbs, curves steepen, Powell in Portugal [Reuters] Echoes of dotcom bubble haunt AI-driven US stock market [Yahoo/Bloomberg] […]
A few weeks ago we discussed in this space the value of excellent productive work. No nation can enjoy a high standard of living on a widespread basis without it. America used to have an excellent work ethic. Its products were the envy of the world. They were durable, functional, and aesthetically pleasing. When you […]
[Yahoo/Bloomberg] Stocks, Euro Rise in Relief After French Election: Markets Wrap [Yahoo/Bloomberg] French Markets Gain as Election Spurs Fragile Reprieve From Rout [Yahoo/Bloomberg] Oil Gains With Focus on China’s Economy and Geopolitical Risks [Yahoo/Bloomberg] China’s 10-Year Yield Falls to Record as Economic Gloom Deepens [Reuters] Morning Bid: Markets bet on French gridlock [Reuters] Historic win […]
For the Week: The S&P500 (up 14.5% y-t-d) and the Dow (up 3.8%) were little changed. The Utilities fell 1.3% (up 8.2%). The Banks rallied 2.5% (up 8.8%), and the Broker/Dealers rose 1.5% (up 13.3%). The Transports advanced 2.0% (down 3.0%). The S&P 400 Midcaps were little changed (up 5.3%), while the small cap Russell […]
[Reuters] France votes in election that could hand power to far right [Reuters] BIS sends government debt warning before important elections [Reuters] France election 2024: what happens if no one gets an absolute majority? [Reuters] Key party figures to know in the French election campaign [Reuters] Israeli tanks advance into areas in north and south […]
A New Era Writing of the period just before the Great Depression’s guillotine dropped in the late 1920s, Dr. Benjamin Anderson, in his tour de force Economics and the Public Welfare, wrote that “Every era of speculation brings forth a crop of theories designed to justify the speculation, and the speculative slogans are easily seized […]
