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With the (king) U.S. dollar index trading Friday above 100 for the first time since 2003, the unfolding EM – ongoing “global reflation trade” – unwinds broadened and turned more disorderly. Brazil is now lurching toward crisis. Friday trading saw the Brazilian real slammed for 2.6% to the low since April 2003, boosting y-t-d losses […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “It was the view of the Fed that we would be raising interest rates when we got the employment number to 6.5. Now we are 5.5 and they haven’t done a cotton-pickin’ thing. And the difference between the investment community, it boils down to a […]
About this week’s show: When opinion is unified, prepare for the opposite Mario Draghi ramps up the currency war Two types of people: Believers in Fed success or gold buyers The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “It was the view of the Fed that we would be raising interest rates when […]
The U.S. unemployment rate has dropped to 5.5%, cut almost in half from the 2009 high. The rate is down 1.2 percentage points from a year ago, back to the June 2008 level. Yet the Fed funds rate remains stuck at near zero. The Fed’s balance sheet increased $325bn the past year, while having inflated […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “The nature of this business is that something always happens somewhere, and in the Middle East, especially, these things happen. So, until now, this volatility was complicated by the increase of production in the United States, but it will be hard to sustain the growth […]
About this week’s show: Over capacity in oil is very small compared to 1996 Saudi Arabia is dominant price-setter for oil Energy Tri-lemma: price, availability & environment About the guest: Dr. Landia was participated in key projects for Russian and international blue chip companies on strategy, mergers and acquisitions, corporate governance, transformation of processes and […]
There’s a natural ebb and flow to financial markets. It can be clear-cut Greed versus Fear – but often it’s more leaning Risk Embracement or Risk Aversion. Yet these days, little is typical or “natural” when it comes to market behavior. Speculative Dynamics rule: What evolved over time into an unstable, policy-induced Risk On, Risk […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “Government can pretend it doesn’t have responsibility for creating the wealth distortion via its wealth effect policies of zero rates and quantitative easing. They asked for the wealth effect! They got it! But they just hadn’t realistically appraised the landscape to see that a disproportionate […]
