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CPI Number Is A Blatant Lie, Markets Love The Lie BLS Says We All Experienced A 34% Decline In Insurance Premiums Gold Under Lock & Key Is Your Defence From The Goldilocks Delusion “As we get ready for 2024 and an additional $2 trillion in budget deficit, it’s worth considering tax receipts. Will they be […]
[Yahoo/Bloomberg] Stock Rally Seen Stretched: Markets Wrap [Reuters] Gold hits over 2-week peak on softer dollar, Fed minutes in spotlight [Yahoo/Bloomberg] As US Dollar Weakens, Emerging-Market Currencies Are Back Up After Wild Year [Yahoo/Bloomberg] Treasuries Climb to Erase 2023 Losses as Fed Cut Bets Blossom [CNN] Israel-Hamas War Live Updates [Reuters] Rising US debt stokes […]
During the hyperinflation of 1921-23 in Germany, prices of food in a restaurant could rise several thousand papiermarks (paper marks) in a single day. People who sold a product early in the day and bought breakfast with the proceeds ate better than those who sold early and waited till the end of the day to […]
[Yahoo/Bloomberg] Dollar Extends Drop; Microsoft Gains on AI Hires: Markets Wrap [Reuters] Dollar drops to two-month low, yen hits 6-1/2 week high [Reuters] Oil rises on expectations of further OPEC+ supply cuts [Yahoo/Bloomberg] Argentina’s Dollar Bonds, Stocks Rally After Milei’s Victory [Yahoo/Bloomberg] Fed Officials Rely on Real-Time Anecdotes Over Data to Bolster Case for Patience […]
[Reuters] Hamas battles Israeli forces in north Gaza amid hopes of hostage deal [Yahoo/Bloomberg] Israel Latest: Iranian-Backed Houthi Rebels Said to Hijack Ship [Yahoo/Bloomberg] Speaker Mike Johnson Faces Hard-Right Discontent, Risking Disarray Ahead [Yahoo Finance] China’s neighbors are wooing American CEOs. The CEOs are listening. [WSJ] How a Hack Shook Wall Street’s Multitrillion-Dollar Foundations [WSJ] […]
Confidence Bubbles and Pipe Dreams This week, the stock market boomed. The number one instigator for the bullish surge in equity prices was a weaker-than-expected consumer price index (CPI) inflation report. How much weaker was CPI than expected? Year-over-year (Y/Y) CPI missed expectations by just one tenth of one percentage point for both the headline […]
[Reuters] Wall St Week Ahead: After breathtaking surge, US stocks’ path may rest on economic soft landing [Politico] How a flood of congressional retirements is rocking the 2024 elections [AP] Israeli drone fires missiles at aluminum plant in south Lebanon [Reuters] China vows to support property sector, tackle local debt [Reuters] Russian drone attack hits […]
Good to see U.S./China tensions ease. It’s clearly in both countries’ interest. Especially with war raging in Gaza, President Biden could sure use a boost. And China’s faltering Bubble is in more desperate need of a boost than even the President’s poll numbers. The Xi Jinping charm offensive was a thing of beauty. “Planet Earth […]
