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The content creators referenced below continue to stress that, even if Trump’s counterrevolution is proceeding apace and accomplishing good things, the challenge of a 37-trillion-dollar national debt is more than an elephant in the room, it’s the Himalayas on the highway. Debt, of course, seriously retards productivity unless it has been used to tool and […]
[CNBC] Stocks Jump after Trump says China situation ‘will all be fine’: Live updates [Reuters] Gold, silver hit record highs after Trump threat of fresh China tariffs [Reuters] Asia shares suffer trade whiplash, Wall Street futures rally [Yahoo/Bloomberg] Silver Roars Higher as Short Squeeze Rocks the London Market [Yahoo/Bloomberg] Bessent Still Sees Xi-Trump Meeting, Says […]
[Yahoo/Bloomberg] China tells US to back off threats, warns of retaliation [Reuters] Beijing blames US for raising trade tensions, defends rare earth curbs [AP] China vows to stand firm against Trump’s 100% tariff threat [BBC] China accuses US of ‘double standards’ over tariff threat [Reuters] Partisan shutdown standoff ignores key risk to US stability: rising […]
Thanks to All Our Clients! McAlvany Wealth Management enjoyed its annual client conference in Durango this week. I’d like to express my deepest thanks to all our clients! It’s such a pleasure for me, personally, and for the rest of the team to have these few days of in-person interaction. Given the happenings this week, […]
[Yahoo/Reuters] Trump threatens China with export controls on Boeing parts [Barron’s] ‘China Isn’t Afraid’: Beijingers Shrug Off Trump Tariff Threat [Politico] China’s rare earth gambit reveals the next phase of its economic warfare [Yahoo/Reuters] China hits back on US port fees with retaliatory levies [Reuters] White House lays off thousands of US government workers, blaming […]
Ominous week. October 10 – Financial Times (Ryan McMorrow and Demetri Sevastopulo): “China has unveiled sweeping export controls on rare earths and related technologies, as it boosts its leverage over critical minerals ahead of an expected meeting this month between Presidents Donald Trump and Xi Jinping. Under the new commerce ministry rules, foreign companies will […]
[CNBC] Stocks are little changed after S&P 500, Nasdaq pullback from record highs: Live updates [Yahoo/Bloomberg] Shutdown Pain Ripples Through US Economy With No Deal in Sight [Yahoo/Bloomberg] Trump Renews Threats With Congress Mired in a Shutdown Brawl [Yahoo/Bloomberg] China Targets Qualcomm, US Ships as Xi and Trump Seek Leverage [Yahoo/Reuters] China steps up customs […]
Gold and silver have reached remarkable highs, with gold breaking through $4,000 and silver nearing $50, marking new all-time price records as of this week. Forecasting remains challenging, with analysts believing gold could push toward $5,000 before experiencing significant corrections, but sentiment is far from the euphoric “manic” phase that marks the end of a […]
