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For the Week: The S&P500 gained 1.6% (down 4.7% y-t-d), and the Dow rose 1.5% (down 4.5%). The Utilities were little changed (up 6.5%). The Banks increased 1.3% (down 15.6%), and the Broker/Dealers rallied 2.9% (down 15.7%). The Transports gained 1.6% (down 1.4%). The broader market outperformed. The S&P 400 Midcaps jumped 2.6% (down 4.2%), […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “What do you share as an identity if you are a central banker or a socialist? It’s this issue of, ‘We believe we should control decision-making, and the market is not capable – people in the market are not capable – of doing these things. […]
About this week’s show: Larry Summers: “Big bills must go…burn the Franklins” Monetary policy impotent…Time for fiscal largesse? Gold and treasuries to play “life raft” role The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “What do you share as an identity if you are a central banker or a socialist? It’s this issue […]
The current global backdrop remains alarming and, especially on bad days, darn right frightening. Yet as a macro analyst of Credit, money and the markets, I’m the proverbial kid in a candy store. De-risking/de-leveraging and attendant market tumult (once again) reached the point of provoking concerted global crisis management measures (see “Global Bubble Watch”). Japanese […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “When you’re put under pressure, what do you revert to? You revert to what you’re most comfortable with. And although they have, in China, expressed many capitalistic characteristics and tendencies, you would have to say that the heart is still command and control. And if […]
About this week’s show: Global markets re-enter the world of wild swings Goldman Sachs recants 5 of 6 of its 2016 recommendations North Korea launches proof that it can hit Russia, China and US The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “When you’re put under pressure, what do you revert to? You […]
Credit is not innately good or bad. Simplistically, productive Credit is constructive, while non-productive Credit is inevitably problematic. This crucial distinction tends to be masked throughout the boom period. Worse yet, a prolonged boom in “productive” Credit – surely fueled by some type of underlying monetary disorder – can prove particularly hazardous (to finance and […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “This is a period of time where you want to be cautious, because of the character of the central planners, because of the trends in play which define you as an average investor – an average investor who is nothing more than fodder for the […]
