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The work of the great economist Joseph Schumpeter (1883-1950) has always resonated. When I ponder analytical frameworks pertinent to these extraordinary times, none are more germane than Schumpeter’s Business Cycle Analysis. Best known for “creative destruction,” Schumpeter’s seminal work materialized after experiencing the spectacular “Roaring Twenties” boom collapse into the Great Depression. Contrary to Milton […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Liquidity-Driven Growth and the Prospects for Gold It is difficult to reconcile what is happening in the capital markets with what is happening in the real economy. Today, we learned that there were 20.5 million jobs lost in […]
[Reuters] Stocks boosted to weekly highs as risk appetite improves [Reuters] Oil heads for another weekly gain on demand hopes and shut-ins [CNBC] A record 20.5 million jobs were lost in April as unemployment rate jumps to 14.7% [CNBC] Coronavirus live updates: WHO calls for research into Wuhan market, Indonesia eases travel restrictions [Reuters] Top […]
Gold & silver market update where we look at the price action of gold, silver, platinum, palladium, the DOW, and S&P 500 over the last week. Learn what the fundamentals are showing gold investors right now. We also explore the question: Is this the calm before the next big market storm? Are we in between […]
[Reuters] Wall Street jumps as China data fuels recovery hopes [Reuters] Stocks cheer China trade relief, bonds face debt deluge [Reuters] Oil jumps on China export bounce, longer term outlook weak [Reuters] Brazil’s real hits new low after bigger-than-expected rate cut [Yahoo/Bloomberg] Turkish Lira Falls to Record, Defying Efforts to Stem the Slide [AP] 33 […]
[CNBC] Stocks rise as investors bet on the economy reopening [Reuters] Euro falls amid worries about ECB bond-buying [CNBC] US private payrolls drop by 20.2 million in April, the worst job loss in the history of ADP report [CNBC] Coronavirus live updates: Global cases top 3.6 million, Trump says more deaths inevitable [Yahoo/Bloomberg] Bond Traders […]
Man on the street intuition: “I want some silver coins,”. Fed Intervention is about keeping bankers solvent. Warren Buffett Speaks: Beware of what he says but watch what he does… The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Save The Bankers! Sacrifice The Currency May 6, 2020 Start reading the Credit Bubble […]
[Reuters] Stocks climb on oil gains, easing of lockdowns [Reuters] Oil spurt lifts stocks out of three-day losing streak [Reuters] Euro drops after German court ruling fuels uncertainty [Reuters] Oil prices extend gains on demand hopes as lockdowns ease [Reuters] German court hands ECB three-month ultimatum to justify stimulus scheme [Yahoo/Bloomberg] German Court Issues a […]
