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[Reuters] Stocks sink on dismal economic data, mixed trade signals [Reuters] European stocks sink after weak business surveys [CNBC] Chinese theft of trade secrets on the rise, the US Justice Department warns [MarketWatch] Stock market’s eerie parallels to September 2007 should raise recession fears [Reuters] ECB’s Knot: New economic stimulus program ‘disproportionate’ [AP] Travel chaos, […]
[Reuters] China needs to change way it finances economy, think tank says [Reuters] Indian shadow bank Altico says evaluating options after default [CNBC] More $10 billion software companies are being minted than ever before — here’s why [Reuters] Pompeo says U.S. mission is to avoid war with Iran but measures in place to deter [Reuters] […]
[Reuters] United States sending troops to bolster Saudi defenses after attack [Reuters] Hong Kong police fire tear gas after protesters throw petrol bombs [NYT] From Underwear to Cars, India’s Economy Is Fraying [WSJ] Fed Mulls Lessons of Money-Market Spike After Curbing Volatility [Reuters] Distressed Debt Trading Overshadows Corporate Bond Market
September 20 – Wall Street Journal (Daniel Kruger): “The Federal Reserve Bank of New York will offer to add at least $75 billion daily to the financial system through Oct. 10, prolonging its efforts to relieve funding pressure in money markets. In addition to at least $75 billion in overnight loans, the New York Fed… […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Markets Focus on Energy and Precious Metals; So Do We, but Details Matter It was great to see so many of you here in Durango last week, and we greatly appreciate your joining us. We were delighted for […]
[Reuters] Stimulus soothes stocks as oil heads higher [Reuters] Gold edges higher on soft dollar, heads for first weekly gain in four [Reuters] U.S. repo rate rises ahead of Fed repo operation [Reuters] China cuts new loan rate for second month but struggling economy likely needs more [Reuters] China’s new one-year lending benchmark rate cut […]
FED Rate Cut Blowback, How Did Gold & Silver React? JP Morgan Rigging Metals Market as JP Morgan traders are charged by DOJ with market manipulation. How did gold, silver, platinum, and palladium react to the interest rate cut that took place this week? We also examine the price movements of the US Dollar Index, […]
[Reuters] Shares inch higher after Fed cut, BOJ keeps powder dry [Reuters] U.S., Chinese trade deputies face off in Washington amid deep differences [Reuters] BOJ keeps policy steady, signals chance of easing in October [Reuters] Repo chaos tests Wall Street confidence in NY Fed’s Williams [Reuters] U.S. bankers seize on repo-market stress to push for […]
