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Stories substitute for reality in 2024. Movies or video games define reality for some people, political messages for others. Things long considered inviolate—such as gender, ability, or character—can be established by assertion rather than substance. Economic systems are advocated and chosen based on what true believers say they’ll do rather than what history has proved […]
[Yahoo/Bloomberg] Stocks Rally as Wall Street Set to Build on Record: Markets Wrap [Yahoo/Bloomberg] Oil Treads Water as Libyan Field Restart Counters Red Sea Risks [Reuters] Exclusive: China moves to support yuan as stock markets tumble [AP] Iran is ‘directly involved’ in Yemen Houthi rebel ship attacks, US Navy’s Mideast chief tells AP [BBC] Red […]
[Reuters] Middle East missile attacks raise Gaza escalation risk [MSN/WP] As Houthis Vow to Fight On, U.S. Prepares for Sustained Campaign [Reuters] Deadly winter weather keeps icy grip across much of the US [Yahoo/Bloomberg] US Fourth-Quarter GDP to Crown Vigorous Second Half [CNBC] The buy now, pay later holiday debt hangover has arrived, as consumers […]
Danger Zone Recent HAIs have chronicled the breakdown of Goldilocks economic conditions that has occurred in the post-Covid timeframe. Historically unprecedented massive government economic manipulation ultimately resulted in a 9.2% peak CPI inflation reading. Contrast that with the 2% inflation target that represents the Fed’s price stability mandate. Since conceding that inflation was not transitory […]
[Reuters] Iranian and Hezbollah commanders help direct Houthi attacks in Yemen [Reuters] Israeli strike on Damascus kills four Iranian Revolutionary Guards [Yahoo/Bloomberg] The Oil Market Is Making Plans for Red Sea Chaos to Last Weeks [Yahoo/Bloomberg] Five Charts Showing the S&P 500’s Wild Ride Back to Record Highs [Yahoo/Bloomberg] Fed to Begin Rate Cut Discussions […]
Please join Doug Noland and David McAlvany this coming Thursday, January 25th, at 3:00 pm Eastern/ 1:00 pm Mountain Time (one hour earlier than normal) for the Tactical Short Q4 recap conference call, “Prospects After a Market Melt-Up.” Click here to register. Too much ice, not enough electricity. For others, brutal cold. Weather extremes were […]
[Yahoo/Bloomberg] US Stocks Gain as Chipmakers Extend Rally: Markets Wrap [Yahoo/Bloomberg] Oil Gains From Highest Close This Year on Middle East Turmoil [Yahoo/Bloomberg] China’s $6.3 Trillion Stock Selloff Is Getting Uglier by the Day [Yahoo/Bloomberg] China Swap Market Goes Into Overdrive as Traders Seek FX Bypass [Yahoo/Bloomberg] UK Inflation Shock Sets Gilts Up for Worst […]
The gold price remained steady at $2,017 this Thursday, with silver sitting at $22.64. Gold continues to beat inflation with strong fundamentals sitting behind the metal in 2024. US housing fell in December as weekly jobless claims slid to 187k. This week will cover the pertinent updates in the precious metals investing space, along with […]
