More
Is a meaningful de-risking/de-leveraging episode possible with global central banks injecting liquidity at the current almost $2.0 TN annualized pace? Thus far, central bankers have successfully quashed every incipient Risk Off. Market tumult has repeatedly been reversed by central bank assurances of even more aggressive monetary stimulus. The flood gates were opened with 2012’s global […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “Sometimes, if you find a more opaque way of picking somebody’s pocket, you may get away with it for a while. I’ve had a very tough time with a lot of people convincing them that negative real rates are a tax, which to me seems […]
About this week’s show: The opaque transfer of wealth using negative interest and regulation Inflation is hidden by making the same priced potato chip bag even smaller Never underestimate the Government’s ability to create a “captive audience” About the guest: Carmen M. Reinhart is the Minos A. Zombanakis Professor of the International Financial System at […]
Commenting on Friday’s jump in global bond yields, a fund manager on Bloomberg Television downplayed the move: “Yields are back to where they were last week.” Such thinking badly misses the point. Greed and Fear ensure that markets have an inherent tendency to “overshoot.” Over-liquefied markets can significantly overshoot on the upside. Markets for years […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “When the mass is moving a certain direction, try to stand back and appraise it as objectively as possible, because history, as a guide, will tell you that the majority is always wrong. The majority is being clustered and focused by central planning in such […]
View a Printable PDF Click Here As Solomon was keen to advise, “Whoever walks with the wise becomes wise….” For that reason, I take special pleasure in speaking with many of our commentary guests, particularly including our recent guest Doug Noland. Doug’s background is quite impressive, but what really sets him apart is the quality […]
About this week’s show: ObamaCare now unaffordable for the people it was designed to help France looking at Brexit and thinking “should we Frexit”? Deutche Bank analysts conclude “Gold should be $1700 right now” The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “When the mass is moving a certain direction, try to stand […]
For the Week: The S&P500 added 0.5% (up 6.7% y-t-d), and the Dow increased 0.5% (up 6.1%). The Utilities gained 0.9% (up 14.7%). The Banks jumped 2.2% (down 0.7%), and the Broker/Dealers rose 2.0% (down 3.2%). The Transports advanced 1.6% (up 5.8%). The broader market was strong. The S&P 400 Midcaps gained 1.2% (up 12.9%), […]
