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One of the most helpful and thoughtful analysts writing an electronic newsletter these days has recently pooh-poohed the buying of gold. He’s proof, perhaps, that, while even a blind hog finds an occasional acorn, even a sharp-eyed eagle misses an occasional hare. He writes that, “The biggest purveyors of economic collapse are those selling gold […]
[Yahoo/Bloomberg] Bonds Yields Climb as Traders Look Ahead to Powell: Markets Wrap [Reuters] BOJ discussed factors for exiting easy policy at Sept meeting; 10-yr JGBs falter [Reuters] Japan stocks soar as yen hits 1-year low [Reuters] Oil prices climb as investor risk appetite grows [Reuters] In the Market: US bond market signals the end of […]
[Yahoo/Bloomberg] Market Stress Rises Over Wild Week Ahead Even Without a Shutdown [Reuters] US Congress passes stopgap bill to avert government shutdown [Reuters] Shutdown near-miss illustrates Washington dysfunction [Reuters] House Speaker McCarthy faces ouster threat for avoiding shutdown [Yahoo/Bloomberg] US Consumer Spending Is Signaling Pain Ahead: Credit Weekly [Yahoo/Bloomberg] Once Unthinkable Bond Yields Now the […]
Energy Reality vs. Goldilocks Fantasy As HAI has described several times, the Fed is trapped. Inflation hasn’t given the monetary maestros credible cause to abandon higher interest rate policy, and now high energy prices are freezing the Fed into a losing position. Make no mistake, higher for longer is a major problem for the consumer, […]
[Reuters] US House leader McCarthy to test his Republican majority with funding vote-source [Reuters] Wall St Week Ahead US stock market’s powerhouses tested by soaring bond yields [AP] United Auto Workers strikes spread as 7,000 more workers at two plants join the picket line [Reuters] Italy plans 21-billion euro asset sell-off to keep debt in […]
The 25-year anniversary of the Russia/LTCM collapse offers a timely reminder of the perils of leveraged speculation. A series of Wall Street Journal articles touched on key issues. “Naturally things are completely different today. Back in 1998 there was a massive auto worker strike, Russia was a financial pariah, America’s unemployment rate was at a […]
➡️ October 26th, 2023 – at 10:00 am MT / 12:00 pm EST. ⬅️ Are your investments ready for the coming recession? Discover the Hard Asset Difference David and the McAlvany Wealth Management team are offering a free, high-value presentation that reveals the hidden opportunities of investing in hard assets. Learn how we position your […]
[Yahoo/Bloomberg] Stocks, Bonds Rebound After a Quarter of Losses: Markets Wrap [Yahoo/Bloomberg] Oil Edges Higher to End Blistering Quarter on Front Foot [Yahoo/Bloomberg] Biggest Selloff in 25 Years Hits Japan Bonds as BOJ Loosens Grip [Reuters] Hardline Republican holdouts push U.S. government closer to shutdown [AP] McCarthy rejects Senate spending bill while scrambling for a […]
