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[Reuters] Stimulus optimism boosts stocks, eases pressure on bonds [Reuters] Argentine CDS jump 300 bps after opposition leader says to re-negotiate IMF loan terms [Reuters] Oil up after drone attack on Saudi field, but OPEC report caps gains [Reuters] U.S. grants Huawei another 90 days to buy from American suppliers: Ross [Reuters] U.S. President Trump […]
[CNBC] Fed’s Powell must signal a more aggressive stance on rates at Jackson Hole or stocks will tumble, James Bianco warns [Reuters] Argentina Treasury minister resigns, says ‘significant renewal’ needed amid economic crisis [Reuters] Germany has fiscal muscle to counter next crisis: Scholz [Reuters] Germany’s Scholz: Don’t expect higher interest rates for years [Reuters] Hong […]
[Reuters] Exclusive: Fed’s Mester weighing argument for U.S. rate cut [CNBC] Here’s what Powell could say at Jackson Hole to soothe the roller coaster markets [Reuters] China unveils rate reform to steer funding costs lower for firms [Reuters] Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources [Reuters] […]
The Chinese Credit machine sputtered in July. Growth in Total Aggregate Financing dropped to $144 billion, almost 40% below consensus estimates. This was less than half of June’s $320 billion increase and the slowest expansion since February. The sharp slowdown was beyond typical seasonality, with the month’s growth in Aggregate Financing 18% below July 2018. […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Careful Planning, Particularity, and Patience The melt up in gold and precious metals along with related stocks continued this week as collapsing global yields and the threat of a slowing global economy sent investors seeking safe havens. Of […]
[Reuters] Stocks gain on stimulus hopes but still head for third losing week [Reuters] U.S. housing starts drop for third straight month [CNBC] Fed may not have enough firepower to prevent a recession [Reuters] To spur consumption, China preps plan to boost disposable income by 2020 [Reuters] Mexico’s central bank cuts rates for first time […]
We’re right back where we were in 2006 and 2007 when it comes to inflation circumstances and market conditions… Consumers are more in debt than they ever have been before. The stock market (leading into an election year) is now looking like it did back in 2006/2007. Gold has risen over 20% in just 3 […]
[Reuters] Stocks gain after strong retail sales data [Reuters] Global stocks hurt by China’s trade threats, falling bond yields [Reuters] Oil prices fall on concerns over recession, inventories [Reuters] U.S. retail sales surge in July in boost to economy [MarketWatch] U.S. productivity increases 2.3% in second quarter [Reuters] China says it must take counter-measures to […]
