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[Reuters] Iran navy receives new cruise missiles amid growing regional tension [Reuters] Pentagon says Iranian drone ‘attack’ hit chemical tanker near India [BBC] Who are the Houthi rebels and why are they attacking Red Sea ships? [CNN] Covid-19 variant JN.1 is now the leading cause of infections in the US. Here’s what you need to […]
Key to the survival of a civilization is its ability to function in the face of disagreements. Any group of people will contain a variety of opinions, some of which might differ fundamentally. If disagreements on them cause their holders to turn their attention from the job at hand to thwarting or destroying those holding […]
Great Expectations & What Isn’t Priced In? The major market event this week was still the same major market event of last week. In this week’s light holiday trading, the market was still processing the hangover from last week’s big FOMC event, Jay Powell’s all-but policy pivot 2.0 towards unveiling a red-carpet welcome mat for […]
[Reuters] Israel-affiliated merchant vessel hit by aerial vehicle off India [Reuters] Iran threatens Mediterranean closure over Gaza, without saying how [AP] Key takeaways from AP’s look at the emerging wave of sports construction in the US [BBC] Ukraine says it downed three Russian Su-34 warplanes [Reuters] Indian government says IMF debt warning a worst case […]
From an analytical perspective, it’s fascinating how things can turn wild at the end of cycles. While mortgage Credit expanded at double-digit annual rates between 2001 and 2005, terminal phase Bubble excess went into overdrive with 2006’s $1 TN of subprime mortgage derivatives. Wall Street alchemists worked overtime to create sophisticated structures that intermediated increasingly […]
[Yahoo/Bloomberg] US Stock Futures Struggle for Direction After Data: Markets Wrap [Reuters] Gold climbs to near three-week high on Fed rate cut bets [Yahoo/Bloomberg] Oil Set for Weekly Gain as Red Sea Attacks, OPEC Unity in Focus [CNBC] Fed’s favorite inflation gauge shows prices rose at 3.2% annual rate in November, less than expected [Dow […]
This week we look at the gold price performance, silver price performance, US Dollar index, equities, platinum & palladium, and other markets. 2023 was quite the year for the precious metals and it is shaping up to be an even bigger year in 2024. Thank you for listening to Golden Rule Radio this last year.
[Yahoo/Bloomberg] Stocks Rebound on Wall Street: Markets Wrap [Reuters] Gold prices rebound as weaker US yields, dollar lift demand [Yahoo/Bloomberg] Oil Steadies as Red Sea Risks Weighed Against Record US Output [AP] Weekly US unemployment claims rise slightly but job market remains strong as inflation eases [Yahoo/Bloomberg] US Considering Hiking Tariffs on China EVs, Solar […]
