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[Reuters] Stocks hit as DOJ aims antitrust probe at tech [Reuters] Trade talks buoy stocks, gloomy data sink euro [Reuters] Euro plumbs two-month low ahead of ECB, pound under pressure [Reuters] Gold rises on expected economic stimulus [Reuters] U.S., China to hold trade talks early next week: U.S. Treasury chief [CNBC] AG Barr’s promise to […]
This week James Grant of the Grant’s Interest Rate Observer joins the weekly commentary. Buy James Grant Latest Book: Bagehot: The Life and Times of the Greatest Victorian Gold now pays better interest at 0 than $13 trillion in negative paying bonds! Socialized Risk: Big boys get winnings & tax payer takes all losses Bagehot: […]
[Reuters] Stocks rise after better-than-expected earnings [Reuters] Carmakers drive Europe higher, Johnson batters sterling [Reuters] Britain’s new leader Johnson vows to get Brexit done [MarketWatch] IMF cuts its global growth forecast again [Yahoo/Bloomberg] UBS CEO Warns of ‘Dangerous’ Bubbles Spurred by Central Banks [Reuters] PBOC chief says current interest rate level is appropriate: Caixin [Reuters] […]
David: This is our 2nd quarter 2019 Conference Call for Tactical Short. I am David McAlvany. With me today is Doug Noland. What an exciting quarter to have been witness to. We are seeing some amazing things in the markets which the context is frankly unprecedented in all of financial history. We titled the […]
[Reuters] Wall St. higher as earnings season gathers steam [Reuters] Stocks struggle, oil jumps on Middle East tensions [Reuters] Oil prices rise more than 1% after Iran seizes British tanker [Reuters] Dollar drifts higher as Gulf tensions bolster safe-haven bid [Reuters] Did someone say rate cut? Five questions for the ECB [Reuters] China says U.S. […]
[Reuters] Chinese companies looking to buy U.S. farm products: Xinhua [Reuters] Sink-or-swim showdown beckons for Italy’s fractious coalition [Reuters] Iran warns UK against escalating tensions, says crew of seized ship safe [AP] Hong Kong residents deface Chinese emblem in latest protest [AP] US concerned over China’s ‘interference’ in South China Sea [Bloomberg] China Plans U.S. […]
[Reuters] Wall Street Week Ahead: Prospect of Fed cut pushing dividend investors into tech, energy [Reuters] A rally and a redirect: why the markets are so focused on the Fed [CNBC] ‘It never stops’: US farmers now face extreme heat after floods and trade war [Reuters] BOJ’s Kuroda says he disagrees with modern monetary theory […]
There must be members of the FOMC feeling they are about to be railroaded into a 50 bps cut a week from Wednesday. Chairman Powell essentially pre-committed to a reduction last week in testimony before Congress. For a Federal Reserve preaching “data dependent” for a while now, the less dovish contingent at the Fed must […]
