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Household debt up 19 quarters in a row, $1 trillion above previous peak Trump says we’d have 5% GDP if the FED just added a little QE U.S. on China: From positive engagement to active containment The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Last 5 Years: GDP Would Be Negative If […]
[Yahoo/Bloomberg] S&P Climbs With Europe Stocks; Bonds Mixed: Markets Wrap [AP] AP Explains: US sanctions on Huawei bite, but who gets hurt? [AP] Powell says he sees ‘moderate’ risk from corporate debt [Politico] ‘Big 4’ leaders to meet Tuesday on budget caps, debt limit [CNBC] Kohl’s, JC Penney earnings disappoint, sparking selloff of department store […]
[Reuters] Stock markets slide as worries about Huawei fallout mount [Reuters] Oil surges after OPEC indicates it will maintain output cuts [Reuters] U.S., China bicker over ‘extravagant expectations’ on trade deal [CNBC] China in ‘no rush’ to restart trade talks [Reuters] Trump says tariffs making companies leave China, a deal can’t be ’50-50′ [Reuters] U.S. […]
[Reuters] Mideast Stocks – Property pulls down Dubai as most Gulf markets lower [Reuters] China’s central bank says to keep yuan stable, in balanced range [BBC] Brexit: Theresa May plans ‘bold offer’ to get support for deal [Reuters] Saudi Arabia says it seeks to avert war, ball in Iran’s court [Bloomberg] Trade War Sets Tone […]
[Reuters] Wall Street Weekahead: Tariffs could lead to markdowns in retail shares [Reuters] Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers [Reuters] Australia’s conservative government moves into election-winning position [Reuters] Chinese state media hits out at ‘fabricated’ U.S. tech claims [Reuters] North Korea asks U.N. chief to address ship seizure by […]
Let’s begin with the markets. Ten-year Treasury yields dropped eight bps this week to 2.39%, nearing the March 27th low (2.37%). Two-year yields fell seven bps to 2.20%, a 13-month low. German bund yields declined six bps to negative 0.10%, the low closing yield going back to September 2016. German two-year yields dipped another three […]
[Reuters] Shares swoon as Beijing ramps up war of words [Reuters] Yen gains as euro and yuan troubled by European vote and trade [Reuters] After Huawei blow, China says U.S. must show sincerity for talks [CNBC] China accuses the US of ‘bullying behavior’ [Reuters] U.S. trade war will only make us stronger, China’s top paper […]
This week we cover a detailed precious metals update for the price of gold in 2019. We’ll also look at the price movements of platinum, palladium, and the equities markets. Trade Tariffs caused market movement across the board earlier this week, how will the markets settle as the week comes to a close? [thrive_leads […]
