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Another unsettled week for global markets. Japan’s Nikkei equities index rallied 6.5%. Italian bank stocks surged 10%, with the Europe STOXX 600 Bank Index up 8.1%. Germany’s DAX equities index rallied 4.5%, with Spanish stocks up 5.0% and Italian 4.3%. Hong Kong’s Hang Seng Financials index surged 5.9%. The EM market rally continued. U.S. bank […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “You have earnings that are in decline, you have a corporate profit cycle which has rolled over. You have stock investors who are marching into a very bleak environment. And you know what they’re doing? They’re just following the Pied Piper of Wall Street, as […]
About this week’s show: From $35 to $190 to $105 to $875…Now add a zero Yen carry trade unwind causing economic earthquake Build your war chest of gold and cash: Prepare to strike! The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “You have earnings that are in decline, you have a corporate profit […]
In America, we think of economics as dry and academic. It’s just mathematical models and a reduction to dollars and cents. But in fact it involves love and hate, gift and sacrifice, slavery. It’s the poetry of mythology.
Archimedes told us that with a long enough lever, he could move the world. This month Dr. Frieden tells us how governments move, if not the world at least world markets, with currencies and exchange rates.
“The US economy has made tremendous progress in recovering from the damage from the financial crisis. Slowly but surely the labor market is healing. For well over a year, we have averaged about 225,000 jobs (gains) a month. The unemployment rate now stands at 5%. So, we’re coming close to our assigned congressional goal of […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “The reason that we have been seeing what looks like currency weakening moves within the country is really for domestic purposes. They have to expand the domestic money supply. But it’s not being interpreted that way abroad. So, every time there is weakness in the […]
About this week’s show: Huge debt adjustment impending in China Debt problems lead to slow growth Under fiat currency, debt gets out of control About the Guest: Wall Street veteran, merchant banker, equities trader, economist, finance professor, entrepreneur — iconoclast — Michael Pettis is a unique individual living and working in China, at the heart […]
