More
Oil rises to $70 from $49 – Middle East Turmoil to blame Argentine inflation goes wild, interest rates above 40% Excessive corporate debt could be the next global financial crisis CLICK HERE FOR OUR GOLD AND THE THIRD WAVE SPECIAL REPORT The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “You don’t have to […]
[BloombergQ] Dollar Advances, Oil Declines Before Iran Decision: Markets Wrap [Reuters] Italian bond yields hit six-week high on election jitters [CNBC] Trump may leave the Iran nuclear deal Tuesday. Here’s what comes next [BloombergQ] Powell Says Emerging Markets Equipped to Navigate Turbulence [CNBC] China says last month’s trade surplus with the US was nearly $7 […]
[BloombergQ] Dollar Advances With Stocks; Oil Extends Gain: Markets Wrap [Reuters] U.S. oil cracks $70, dollar heads towards 2018 high [Reuters] NAFTA talks enter critical week with U.S. still pushing hard line [Reuters] Dollar surge bringing emerging market rate cut cycle to a halt [Bloomberg] China’s trade imbalance with U.S. a long-term problem, says central […]
[CNBC] Asian shares poised for positive start after strong gains on Wall Street [NYT/CNBC] US-China trade talks end with strong demands, but few signs of a deal [Reuters] Fed’s Quarles says paying ‘a lot’ of attention to spread of machine learning in finance [CNN] Iran warns US abandoning nuclear deal would be ‘historic mistake’ [WSJ] […]
[CNBC] Trump will meet with China trade delegation Saturday as they return from tough talks [CNBC] Buying back stocks is a ‘horrible’ thing for banks to do: Analyst Dick Bove [WSJ] Analysis: Falling Unemployment Could Pressure Fed to Move Faster on Rates [WSJ] Saudis Move to Push Oil Prices Higher, in Break From Past Policy […]
One hundred and six months. The current expansion, having emerged in the aftermath of the collapse of the mortgage finance Bubble, is now the second-longest on record (lagging only the 120-month 1990’s Bubble period). The unemployment rate dropped to 3.9% last month, the lowest level since the 3.8% print in April 2000. Corporate earnings are […]
[Reuters] Wall Street opens lower after U.S. jobs data [Reuters] U.S. job growth rebounds; unemployment rate falls to 3.9 percent [CNBC] US reportedly lays down a list of trade demands to China [Reuters] China, U.S. reach some deals in trade row but Beijing says differences still relatively big [Reuters] Treasury Secretary says having good trade […]
The FED leaves rates unchanged after yesterday’s FOMC meeting. Jerome Powell left rates as is but caused market confusion as some think that the FED is spooked. Gold held its 1304 level, the DOW continues to show weakness as it compresses downward towards a decision point. Oil continues upwards. Goldman Sachs’ workforce is now made […]
