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[Bloomberg] Yellen Calls Inflation the ‘Biggest Surprise’ in the Economy [WSJ] Yellen Says Gradual Rate Increases Should Help Sustain Economy’s Growth [WSJ] Draghi Says ECB Should Be Patient, Persistent With Monetary Policy [WSJ] Why Beijing Won’t Just Let the Yuan Go [Reuters] U.S. diplomacy with North Korea to continue until ‘first bomb drops’: Tillerson [FT] […]
[Bloomberg] China Credit Growth Exceeds Estimates Despite Debt Curb Vow [Reuters] Spain to take control of Catalonia if gets ambiguous reply on independence [Reuters] China confirms will amend party constitution, likely to include Xi’s theories [AP] Trump’s speech sparks a new war of words between US, Iran
Bloomberg: “Treasuries Surge as December Hike Odds Drop After CPI Miss.” Year-over-year CPI was up 2.2% in September, with consumer inflation above 2% y-o-y for six of the past 10 months. The Producer Price Index gained 2.6% y-o-y in September. Yet, apparently, the focus will remain on core CPI (along with core personal consumption expenditure […]
[Reuters] S&P, Nasdaq hit records on strong retail sales data [Bloomberg] U.S. Inflation Picks Up on Fuel Costs While Core Gauge Slows [Bloomberg] U.S. Retail Sales Rise Most Since 2015 on Storm-Related Lift [CNBC] Sen. Ted Cruz: Tax reform may not happen until early next year [Bloomberg] Trump Cuts Off Health-Insurer Subsidy, Threatening Obamacare Chaos […]
Gold and silver update 2017 we discuss the calm before the storm. Gold has pushed upwards again and sits in the 1290s. Silver broke above the downward resistance channel delivering a bullish indicator for the white metal. The US Dollar Index continues its waterslide decline, down over 10% this year alone. The bank of Japan […]
[Bloomberg] U.S. Stocks Slump, Dollar Gains as Crude Oil Drops: Markets Wrap [Reuters] U.S. producer prices increase as Harvey boosts gasoline prices [Reuters] New Fed chair could be set in next month: U.S. Treasury Secretary [CNBC] Powell odds-on favorite for Fed chair amid report Mnuchin is pushing for him [NYT] Fed Still Puzzled by Inflation, […]
About this week’s show: -There Is No Liquidity Left: See Chart (Credit: Alan Newman) – Ratio of Business Revenue To Stock Price At All Time High – Mood Investing Just Like Mood Rings… It Always Changes The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “On today’s show, does the over-extended market ever have to […]
[Bloomberg] Stocks Gain, With Japan at Decade High; Euro Rise: Markets Wrap [Bloomberg] Spain Turns Screws on Catalonia With Threat of Direct Control [Bloomberg] ECB Wrangling on Stimulus Find Common Ground on Rates, Sources Say [Reuters] Fed’s Kaplan says low 10-year yield an ‘ominous’ sign [Reuters] Fed’s Evans favors gradual approach to monetary normalization [Bloomberg] […]
