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The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “I hear of Trump’s desire to spend trillions and replace our infrastructure, and spend capital to create growth. And the question that always comes to my mind is “Whose capital?” Government creates nothing. Government has never created anything. Where does the money come from? Answer […]
[Bloomberg] Stocks Rally as Italian Banks Lift Europe, Yen Falls Before Fed [Reuters] Asian shares, dollar wobble as investors brace for Fed outcome [Bloomberg] China Stocks Drop as Dollar Stalls on Fed Countdown, PBOC Watch [Bloomberg] China Home Sales Rose 16% in November at Slowest Pace This Year [Bloomberg] SNB to Savor Christmas Quiet Before […]
[Bloomberg] Crude Soars as Output Deal Weighs on Bonds; China Shares Tumble [Bloomberg] China’s Stocks, Bonds, Yuan Slump in Unison on Liquidity Concern [Reuters] China stocks tumble the most in 6 months as regulator slaps curbs on insurers [Bloomberg] Treasury 10-Year Yield Tops 2.5% Amid Global Bond Selloff [Reuters] Italy hurries to form new […]
[Bloomberg] Italy’s Gentiloni Heads for Prime Minister Job After Renzi Quits [CNBC] Dollar debt issuance soars as central banks take a back seat: BIS report [Reuters] Shrinking FX market could pose stability risk: BIS [Bloomberg] OPEC Doomed to Repeat History [FT] China: Renminbi stalls on road to being a global currency [FT] Large investors pull […]
[Bloomberg] Non-OPEC Said to Join OPEC in First Global Cut in 15 Years [Reuters] Parties make their cases to Italy president for new leader [Reuters] Ping An’s overseas investments impacted by China’s capital outflow crackdown-CFO [Reuters] Trump packs trade team with veterans of steel wars with China
Italian bank stocks (FTSE Italia bank index) declined a modest 2.3% Monday on the back of Sunday’s resounding defeat of Italian Prime Minister Renzi’s political reform referendum. The bank index then proceeded to surge 9.0% Tuesday, 4.5% Wednesday and another 3.6% Thursday, for a stunning 27% rally off November 28th trading lows. “Par for the […]
[Reuters] World stocks hold near 16-month highs after strong week [Dow Jones] Global Bond Yields Rise As Chinese Inflation Accelerates [Bloomberg] European Stocks Rise for 5th Day in Biggest Rally in 10 Months [Reuters] Asian shares flat but on track for weekly gains [Reuters] Exclusive: ECB rejects Monte Paschi’s request for more time to raise […]
[Bloomberg] Euro Drops; ECB Says Smaller Monthly Asset Buys Not Tapering [Reuters] Major stock indexes rise again to new records [Reuters] U.S. household net worth rose to $90.2 trillion in the third-quarter: Fed [CNBC] Market indicator hits extreme levels last seen before plunges in 1929, 2000 and 2008 [Bloomberg] ECB Expands Stimulus to $2.4 Trillion […]
