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[Yahoo/Bloomberg] Treasury Yields Climb With Debt Deal Elusive: Markets Wrap [Yahoo/Bloomberg] Crude Oil Fluctuates as Traders Weigh Unresolved US Debt Limit [Reuters] Biden and McCarthy aides hunt for bipartisan debt ceiling deal [Reuters] Biden, McCarthy meeting ends with no deal on debt ceiling [Yahoo/Bloomberg] Biden-McCarthy Debt Talk Ends With Optimism, But Without a Deal [Politico] […]
Given that so much public activity today is geared toward tearing down the pillars of Western Civilization and that sound money and free market capitalism are two of those pillars, it’s no surprise that economic stress continues in America and throughout the world. The disuse of sound money and the endless inflation of fiat money […]
[Yahoo/Bloomberg] Traders on Alert as Debt-Limit Deadline Draws Near: Markets Wrap [Yahoo/Bloomberg] Oil Steady as Markets Remain on Edge Over US Debt Cliffhanger [AP] Biden, McCarthy to hold pivotal meeting on debt ceiling as time to resolve standoff grows short [AP] Debt ceiling explained: Why it’s a struggle in Washington and how the impasse could […]
[Reuters] Biden says Republican debt ceiling offer ‘unacceptable,’ to talk with McCarthy [AP] Biden: GOP must move off ‘extreme’ positions, no debt limit deal solely on its ‘partisan terms’ [Politico] Debt ceiling talks break down and attacks escalate as deadline approaches [Yahoo/Bloomberg] Biden Seeks to Call McCarthy After Debt-Limit Talks Hit Impasse [Reuters] White House, […]
Thanks to All Our Clients! The MWM team members would like to express our gratitude to the clients who joined us this past Thursday for the Q1 2023 MAPS client call. Thank you! It’s a profound honor and a distinct privilege to serve all our clients. Due to Thursday’s call and Friday travel plans, HAI […]
[Reuters] White House, Republicans make no progress on debt ceiling [Axios] Debt ceiling deadlock centers on 2024 spending levels [Yahoo/Bloomberg] US Bank Deposits Fall for a Third Week While Lending Stays Little Changed [Reuters] Zelenskiy joins Japan G7 as democracies take aim at Russia and China [AP] G7 urges China to press Russia to […]
“Growing Debt Ceiling Deal Hopes Send Stocks Higher.” The S&P500 gained 1.6% this week, pushing the index to a nine-month high. The Nasdaq100’s 3.5% surge boosted y-t-d gains to 26.2%. The source of all the optimism wasn’t obvious. May 19 – Bloomberg (Billy House and Steven T. Dennis): “White House and Republican negotiators met Friday […]
[Yahoo/Bloomberg] DAX Nears Record as Wall Street Rally Bubbles Over: Markets Wrap [Yahoo/Bloomberg] China’s Yuan Jumps After Central Bank Vows to Curb Speculation [Reuters] Japan’s Nikkei powers to 1990 ‘bubble’ era high [Reuters] Oil rebounds on fading risk of U.S. debt default [Reuters] Fed’s Powell in the spotlight as pressure grows to ‘fish or cut […]
