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[Reuters] Stocks jump as investors hold out for recovery [Reuters] Gold gains as bleak economic outlook stokes safe-haven demand [Reuters] Oil up on lower U.S. stocks, firmer demand [CNBC] Weekly mortgage applications point to a remarkable recovery in homebuying [Reuters] China stands pat on benchmark rate, signals brief pause in easing efforts [CNBC] China stocks […]
Politicians recognize C19 “cry for help” is their huge career opportunity Many furloughed employees making more than when working Will Corona virus finish the retail reckoning that Amazon started? The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick UBI: Money For Nothing & Your Checks For Free May 20, 2020 David: COVID is […]
[Yahoo/Bloomberg] U.S. Stocks Fluctuate; Crude Oil Edges Higher: Markets Wrap [Reuters] Euro, Italian bonds cheer EU recovery fund plan [Reuters] Powell, Mnuchin to face Senate grilling on U.S. coronavirus response [CNBC[ U.S. housing starts drop to 891,000 in April, vs 927,000 expected [CNBC] Coronavirus live updates: U.S. cases surpass 1.5 million; retail earnings show strong […]
[Reuters] Wall Street jumps on stimulus, vaccine hopes [Reuters] Oil and European shares rise as lockdowns ease; gold jumps [Yahoo/Bloomberg] Gold Climbs to 7-Year High After Fed’s Stocks, Growth Warnings [CNBC] Oil jumps 9% to $32 as June futures contract nears expiration [CNBC] Moderna reports ‘positive’ data on early-stage coronavirus vaccine trial, shares surge 39% […]
[AP] China warns US of ‘all necessary measures’ over Huawei rules [Reuters] A month after negative oil prices, U.S. crude contract expiry looms [Reuters] China says opposed to latest U.S. rules against Huawei [CNBC] Coronavirus live updates: India’s cases top 90,000; Brazil’s outbreak surpasses Spain and Italy [Reuters] China central bank should shun risky bond […]
[Reuters] Wall Street Week Ahead: Investors prepare for more U.S. stock swings as states reopen [Reuters] China asks United States to stop ‘unreasonable suppression’ of Huawei [CNBC] Coronavirus live updates: Trump plans to restore a sliver of WHO funding; working grandmas worry about retirement [CNBC] House Democrats pass $3 trillion coronavirus relief package [Yahoo/Bloomberg] Google […]
“Bubble” is commonly understood to describe a divergence between overvalued market prices and underlying asset values. And while price anomalies are a typical consequence, they are generally not among the critical aspects of Bubbles. I’ll start with my basic definition: A Bubble is a self-reinforcing but inevitably unsustainable inflation. Bubbles, at their core, are fueled […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Just Because Culture Can’t Be Quantified Doesn’t Mean It Should Be Ignored One of the great tragedies of the COVID-19 pandemic is the plight of the average worker. As of yesterday, since the pandemic began, 36 million Americans […]
