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Thursday, June 4, 2020

[Reuters] S&P, Nasdaq lower after four-day rally [Reuters] Global Markets – ECB’s super stimulus salvo sends stocks, euro higher [Reuters] U.S. new weekly jobless claims drop below 2 million [Yahoo/Bloomberg] ECB Unveils Bigger-Than-Expected Boost to Crisis Bond Buying [Yahoo/Bloomberg] Fed to Stay the Course With Yield-Curve Control Likely Ahead [Reuters] Exclusive: U.S. to impose restrictions […]

Wednesday, June 3, 2020

[Yahoo/Bloomberg] Stocks Prolong Rally; Dollar Weakens to March Low: Markets Wrap [Reuters] Global shares hit three-month highs on economic recovery hopes [Reuters] Euro set for seventh day of gains, dollar loses to riskier assets [CNBC] Private payrolls down another 2.76 million in May, ADP says [CNBC] Negative interest rates could be needed for a ‘V’ […]

The Late, Not So Great, 1968… Is This A Repeat Only Louder?

We are living in the early stages of failed central planning Bear markets unfold when social mood turns decidedly negative Past episodes of currency destruction have been sponsored by academic elite   The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick The Late, Not So Great, 1968… Is This A Repeat Only Louder? June […]

Tuesday, June 2, 2020

[Reuters] Wall St. higher on prospects of economic recovery [Reuters] Global shares cruise to three-month highs, dollar shows the strain [Reuters] Oil prices rise ahead of OPEC+ meeting on output cuts [Reuters] Five police shot during U.S. protests, Trump says he could bring in military [CNBC] Live updates: Tensions rise after another night of protests […]

Monday, June 1, 2020

[CNBC] Stocks are slightly lower to begin June as Wall Street aims for third straight monthly advance [Reuters] Global stocks buoyant, dollar slips as economies start to unlock [Reuters] Trump, attorney general to meet as U.S. cities smolder amid protests [Reuters] China warns U.S. it will retaliate on moves over Hong Kong [CNBC] China asks […]

Sunday, May 31, 2020

[AP] ‘We’re sick of it’: Anger over police killings shatters US [AP] Massive US protests raise fears of new virus outbreaks [CNN] Protesters break curfew on another night of fury and frustrations over George Floyd’s killing [CNBC] Live updates: Police and protesters clash in another night of violence after killing of George Floyd [CNBC] Coronavirus […]

Saturday, May 30, 2020

[CNBC] Protests and rioting erupt in cities across the U.S. as anger boils after the killing of George Floyd [AP] Trump strikes China over virus, Hong Kong and student visas [Reuters] Trump administration to study ways to protect for U.S. investors from Chinese firms [AP] China says U.S. action on Hong Kong ‘doomed to fail’ […]

May 29, 2020: The Scourge of “Whatever it Takes” Monetary Mismanagement

A global pandemic and historic economic downturn. A rapidly escalating U.S./China cold war. Surging U.S. unemployment and economic depression. A deeply fragmented society with intensifying animosity and conflict. Heightened social instability, with mounting protests (and even a number of ugly riots). Friday Drudge headline: “A Society On Brink of Complete and Utter Chaos…” A booming […]

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