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Non-Financial Debt (NFD) expanded $408 billion during Q1 to a record $53.015 TN. This was down from Q1’s $765 billion expansion. On a seasonally-adjusted and annualized (SAAR) basis, Q2 NFD growth slowed to $1.652 TN from Q1’s booming $3.061 TN. The slowdown was chiefly explained by the timing of federal government borrowings. Federal debt expanded […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: The Nitty-Gritty of Prudent Investing This week we’ll take a bit of a break from discussion of the week-to-week in hard assets. Instead, we’ll take a deep dive into the idea generation process. That process takes place long […]
[Reuters] Shares rise as trade optimism muffles impeachment noise [CNBC] Oil prices head for big weekly loss as supply fears wane [Reuters] U.S. consumer spending slows in August; incomes rise [AP] US durable goods orders edge up slight 0.2% in August [Reuters] China’s August industrial profits fall as headwinds hit firms [Yahoo/Bloomberg] The ECB Is […]
The Fed pumps another $75 billion into financial markets, continuing capital-injection plan. Impeachment talks begin but do they impact the markets past the initial days? We review the price movements of platinum, palladium, and the US Dollar index in relation to gold & silver. Thanks for listening if you enjoy be sure to subscribe to […]
[Reuters] U.S.-China trade optimism lifts stocks, dollar shrugs [MarketWatch] U.S. trade deficit in goods widens slightly in August [AP] US economy grew at modest 2% rate in second quarter [Reuters] U.S. business investment much weaker in second-quarter than previously estimated [Reuters] Dallas Fed’s Kaplan says global economy ‘fragile’ but U.S. will ‘skate through’ [Yahoo/Bloomberg] U.S. […]
[Reuters] Shares stumble over Trump impeachment threat, China jibes [CNBC] Higher interest rates send weekly mortgage applications tanking 10% [AP] China rejects Trump criticism on trade [CNBC] US-China cold war and rising protectionism could split world order [Reuters] China says has no intent to play ‘Game of Thrones’ but warns on sovereignty [Reuters] PM Johnson […]
Quantum Computing makes giant leap – good or bad? Does quantum decryption impact cryptocurrency? Repo Market: Fed provides $50-75 billion per day in emergency liquidity The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Google & NASA Solves 10,000 Year Problem In 400 Seconds September 25, 2019 “You’ve had debt issuance which has […]
[Reuters] Trade optimism bolsters shares, pound whipsawed by Brexit drama [Reuters] Oil prices fall due to weak economic data, Saudi output recovery [MarketWatch] New York Fed term repo operation twice oversubscribed [CNBC] Signs point to re-heating in housing market as home price gains stop slowdown, S&P Case-Shiller July index says [Reuters] Brexit crisis deepens as […]
