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[Reuters] Global stocks nearing record highs on trade hopes [Reuters] Dollar boosted by trade deal optimism, Swedish crown hits 4-month high [CNBC] US GDP rose 2.1% in the third quarter, vs 1.9% reading expected [CNBC] US durable goods orders rebound in October, rising 0.6% [CNBC] Weekly mortgage refinance applications surge over 300% from a year […]
Unelected power of central bankers challenges representative government Is there a way to limit the continually growing leviathan of centrally managed markets? Technocracy & the “overmighty citizen” The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick The FED Is Now The Fourth Branch of The U.S. Government November 27, 2019 “We have what was […]
[Reuters] Wall Street opens flat, eyes on consumer data [Reuters] World stocks edge off highs to await U.S.-China progress [Reuters] Dollar hits two-week high on yen, yuan up after China-U.S. trade call [Reuters] China trade deal close, sticking points remain: White House adviser [CNBC] China’s top trade negotiator Liu He talks to Lighthizer, Mnuchin about […]
[Reuters] World shares climb on trade hopes [Reuters] Dollar boosted by trade progress signs, Brexit promise lifts sterling [Reuters] Oil kicks off week with gains on fresh hopes for U.S.-China trade talks [Reuters] Trump says administration to take ‘good look’ at Hong Kong rights bill [Reuters] China central bank warns high financial risks amid rising […]
[CNBC] US wants China trade deal but won’t turn blind eye to Hong Kong, Trump national security advisor says [Reuters] Still hope for U.S.-China deal this year: U.S. official [CNBC] Hong Kong vote hits record amid calls for democracy [MarketWatch] Why are markets ignoring escalating conflict in Hong Kong? [Reuters] China meddling allegations roil Taiwan […]
[Reuters] China attacks U.S. at G20 as the world’s biggest source of instability [CNBC] Iran faces its most critical moment since the 1979 Revolution [Reuters] Time to calm down’: Hong Kong protests simmer ahead of local elections [Bloomberg] California’s Housing Crunch is Pushing Developers Deeper into Dangerous Fire Zones [WSJ] Fed Adds $80.6 Billion to […]
Last week from The Institute of International Finance (IIF) (a summary from a members-only report): “Global debt has topped $250 billion – 320% of GDP: emerging market debt hits a new record of $71.4 trillion (220% of GDP); With limited room for further easing, debt service costs will be an increasing constraint on fiscal policy… […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Is There a Doctor In the House? Copper is often referred to as “Doctor Copper” because it is looked to as a barometer of the health and direction of the global economy. The moniker also applies because copper […]
