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Friday was one of those market days that left an uncomfortable feeling in the pit of my stomach. U.S. markets have been resilient thus far, with the S&P500 teasing near record highs. But something is amiss globally. The STOXX Europe 600 Bank Index sank 3.7% Friday (4.8% for the week), to near two-month lows. Deutsche […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “That’s the choice that’s coming. There will be a revolution. We will go either in the direction of the American Revolution or the French Revolution, which has always been called a Reign of Terror, and quite logically so. And I really think that’s going to […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “Options are closing off, and pressure is building. And in a moment of crisis, people or nations will do what they wouldn’t ordinarily do because of the pressure. So, global debt to GDP at 210%, moving to 240%, at a certain point you have the […]
About this week’s show: The current wars in the Middle East originated hundreds of years ago Wars are usually bad guys vs bad guys, we should stay out The goal of government is to grow, not solve issues About the guest: Richard Maybury is widely regarded as one of the top free-market writers in America. His […]
With markets on the rather quiet side, I awoke Friday anticipating a more theoretical focus for this week’s CBB. But then May’s surprisingly dismal jobs report – 38,000 seasonally-adjusted jobs versus consensus expectations of 158,000 – threw the markets for a loop. Bond yields sank – at home and abroad. Currency markets went haywire, with […]
About this week’s show: Global debt to GDP 240%, higher than before Lehman Negative yielding debt now 9.9 trillion Saudi is shifting alliances after nuclear Tehran Agreement The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “Options are closing off, and pressure is building. And in a moment of crisis, people or nations will […]
For the week: The S&P500 jumped 2.3% (up 2.7% y-t-d), and the Dow gained 2.1% (up 2.6%). The Utilities increased 1.0% (up 11.7%). The Banks jumped 3.2% (down 2.8%), and the Broker/Dealers surged 4.5% (down 5.8%). The Transports gained 1.3% (up 3.5%). The S&P 400 Midcaps advanced 2.9% (up 6.7%), and the small cap Russell […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “This is the nature of central banks creating targets. The targets aren’t for them, the targets are for us. The targets are for us to know that someone is in control and on track, and that allows us to live with a sense of progress […]
