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Austrian economists have been conclusively demonstrating for many decades that economics is not about complex equations, government control, and meticulous planning, it’s about people. Keynesianism, Marxism, fascism, crony capitalism, mercantilism, colonialism, and the rest are about power exercised through government control. Moral capitalism, meaning the free exchange of goods and services within a morally upright […]
[Yahoo/Bloomberg] Fallout From European Election Hits Euro, Bonds: Markets Wrap [Reuters] French shock election news adds to unease in event-packed week [Reuter] Euro and French markets roiled by shock Macron election call [Yahoo/Bloomberg] Emerging Currencies Drop as EU Elections Add to Political Risks [Yahoo/Bloomberg] Oil Steadies After Weekly Loss as Market Looks Ahead to Fed […]
[Yahoo Finance] Inflation reading and a Fed meeting: What to know this week [Reuters] Two vessels catch fire after missile strikes off Yemen’s Aden [Yahoo/Bloomberg] Fed Dot Plot Is Set to Offer Glimpse of Rate-Cut Resolve [Yahoo/Bloomberg] EM Traders Flock to Local Debt as Election Shocks Upend FX Bets [Reuters] European Parliament poised for rightward […]
Some Time Off for Family This week HAI is just prices. This author is receiving a most welcome visit from family, and time is tight. HAI will be back next week! Weekly performance: The S&P 500 was up 1.32%. Gold was down 0.89%, silver was down 3.29%, platinum was down 6.80, and palladium was up […]
[Reuters] Wall St Week Ahead Inflation, Fed meeting to give clues for US market direction [Yahoo/Bloomberg] Charting the Global Economy: ECB Cuts Rates, US Payrolls Surge [Reuters] Israel rescues four hostages in Gaza; Palestinians say 50 dead in Israeli assault [Yahoo/Bloomberg] Bitcoin Rally and ‘Short Memories’ Reignite Everything In Crypto [Reuters] ECB’s Holzmann voices caution […]
It was another important week – and I’m not referring to Nvidia’s market cap surpassing Apple’s to reach $3.0 TN (or Roaring Kitty’s podcast touting GameStop attended by 600,000). There were market-surprising/shocking election results in Mexico, India, and South Africa. Volatility was notable across international markets. The ECB and Bank of Canada cut rates this […]
[CNBC] Stocks slide after better-than-expected jobs report boosts yields: Live updates [CNBC] 10-year Treasury yield shoots higher after May payrolls top expectations [Yahoo/Bloomberg] Gold Slumps as China’s Central Bank Halts 18-Month Buying Spree [CNBC] U.S. job gains totaled 272,000 in May, more than expected [Yahoo/Bloomberg] Moody’s May Cut Six US Banks on Commercial Real Estate […]
Here’s our weekly recap of the precious metals markets for June 6. As of this recording, here is where precious metals stand: The price of gold is flat at $2,350. Gold has been in a trading range between about $2,320 and $2,360. This is after gold peaked at $2,450. The price of silver had declined […]
