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The news events that have been hyped for weeks are here now. The BRICs are going to be discussing a common currency. The Federal Reserve’s annual Jackson Hole symposium is currently going on. The precious metals saw a bump in pricing as the equities continued to slide. Thanks for listening.
[Yahoo/Bloomberg] Nasdaq Jumps 1% as Nvidia Stokes Tech Rally: Markets Wrap [Yahoo/Bloomberg] Oil Wavers as Venezuela Supply Outlook Eases Demand Concerns [Reuters] Fed coming up snake eyes in its battle with spend-happy consumers [AP] Summer spending at bars & restaurants surges as Americans shrug off inflation, recession fears [Yahoo/Bloomberg] KKR’s Latest Bankruptcy Deal Is a […]
[Yahoo/Bloomberg] Stocks Trim Gains on Results Gloom; Bonds Rise: Markets Wrap [Yahoo/Bloomberg] Oil Falls to Near One-Month Low on Bearish Signs in Euro Area [Yahoo/Bloomberg] US Mortgage Rates Jump to 7.31%, Highest Level Since Late 2000 [CNBC] Mortgage demand from homebuyers drops to a 28-year low as interest rates soar [AP] Surprisingly durable US economy […]
Gold Near All-Time High In Yen CPI Slight Of Hand To Change Again Need A Summary? Read Our Weekly McAlvany Recap Making BRICs Out Of Basket Case Currencies August 23, 2023 If we just use the old metrics that were used to construct CPI, we have, still, double-digit rates of inflation. The statisticians have […]
[Yahoo/Bloomberg] Stocks Rally as Nvidia Earnings Put Focus on Tech: Markets Wrap [Reuters] Global stocks extend comeback, U.S. yields touch new peaks [Yahoo/Bloomberg] China Ramps Up Fight With Yuan Bears to Stop Selloff Spiraling [Yahoo/Bloomberg] Yuan Shorts Hit as Funding Costs Up by Most Since 2017 [Yahoo/Bloomberg] Japan’s Benchmark Bond Yield Hits Nine-Year High in […]
Historically, people who have attained high levels of excellence, esteem, and estate have been noted for their high levels of discipline. All human activity is a mixed bag of success and failure, but minimizing failure and maximizing success is necessary for flourishing and progress in any area of life. And doing that requires discipline. People […]
[Yahoo/Bloomberg] US Stocks Bounce After Three-Week Slump: Markets Wrap [Reuters] Stocks, yields rise as traders balance China, oil supply [Yahoo/Bloomberg] Oil Rises for Third Day as Tighter Market Vies With Demand Risks [Reuters] China’s state banks seen mopping up offshore yuan liquidity – sources [Reuters] Morning Bid: Bonds burn on as China rate cut underwhelms […]
[Yahoo/Bloomberg] All Eyes on Fed Chief Powell in Jackson Hole [Yahoo/Bloomberg] Bruised Stocks Face Week Full of Tests, From Nvidia to Powell [Yahoo/Bloomberg] Bond Investors Brace for Supply Freight Train Before Fed Confab [Reuters] China vows to coordinate support to resolve local government debt risks [Reuters] Turkey begins rolling back costly FX-protected deposits [Reuters] Russia […]
