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Thursday, March 7, 2024

[Yahoo/Bloomberg] Stocks Climb, Traders Seek More Clues From Powell: Markets Wrap [Reuters] Gold extends record run as Fed’s Powell hints at rate cuts [Yahoo/Bloomberg] Gold Just Notched Another Record: Here’s What to Watch Next [AP] Analysis: First fatal attack on shipping by Yemen’s Houthi rebels escalates risk for reeling Mideast [Reuters] US layoffs reach highest […]

Wednesday, March 6, 2024

[Yahoo/Bloomberg] Stocks Rise as Traders Seek Rate Clues From Powell: Markets Wrap [Reuters] Oil up as OPEC+ cuts override China, US demand concerns [CNBC] Powell reinforces position that the Fed is not ready to start cutting interest rates [Reuters] Fed’s Powell still expects rate cuts, but inflation progress “not assured” [Yahoo Finance] Rate cuts likely […]

The Price Of Time With Edward Chancellor

Author Edward Chancellor Talks With David McAlvany Interest Rates Tell The Story Of Civilization For 5,000 Years Money Is A Powerful Instrument Of Freedom “If you remember, the central banks justified their low—ultra low—rates, the zero rates and negative rates, on the grounds that they were fighting deflation. But actually, deflation, or falling prices, benefits […]

Tuesday, March 5, 2024

[Yahoo/Bloomberg] Wall Street Hit by Tech Slide, Hawkish Fedspeak: Markets Wrap [Yahoo/Bloomberg] Gold Rises Close to Record as Fed Pivot, Risks Underpin Momentum [Yahoo/Bloomberg] Oil Swings Near $83 as Macro Concerns Counter OPEC+ Supply Cuts [Yahoo/Bloomberg] Emerging-Market Stocks, Currencies Drop on China Growth Concern [Yahoo/Bloomberg] Houthi Missile Damages MSC Container Ship in Gulf of Aden […]

Power Corrupts

Hundreds of books have been written that chronicle man’s lust for power. Chief among them, of course, is the Holy Bible, but there are many classic works that amplify the point: Socialism by von Mises, Crisis and Leviathan by Higgs, and Lex, Rex by Rutherford are just a few. And for citizens of the US, […]

Monday, March 4, 2024

[Yahoo/Bloomberg] Stocks Pause After Rally, Seek Rate-Cut Signals: Markets Wrap [Reuters] Gold hovers near two-month peak as bets build for June US rate cut [Reuters] Oil inches lower amid profit taking on OPEC+ cut extension [Reuters] Japan’s Nikkei breaches 40,000 level for first time as tech stocks soar [Reuters] US corporate debt euphoria could stall […]

Sunday, March 3, 2024

[Reuters] Yemen’s Houthis say they will continue sinking British ships [Yahoo/Bloomberg] Yemen’s Houthis blame UK and US for ‘glitch’ in Red Sea undersea cables [Yahoo/Bloomberg] California Blizzard Snarls Traffic While Texas Continues to Burn [Yahoo Finance] February jobs report and Powell’s semi-annual testimony: What to know this week [Yahoo/Bloomberg] Fed’s Powell to Double Down on […]

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