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[BloombergQ] Stocks Drop, Bonds Rise as Trade Tensions Simmer: Markets Wrap [Reuters] U.S. to impose tariffs on EU steel, aluminum [Reuters] Europe will give determined response to any U.S. tariffs: Merkel [Reuters] German carmakers hit by report Trump threatens to drive them off U.S. streets [Reuters] U.S. consumer spending records biggest gain in five months […]
[BloombergQ] Treasuries Slide as Italy Panic Fades; Euro Jumps: Markets Wrap [Reuters] Italy renews attempt to form a government and end turmoil [BloombergQ] Italy Banks Under Scrutiny as Messy Politics Prompts Downgrades [Reuters] U.S. first-quarter growth revised down to 2.2 percent [BondBuyer] ADP May jobs estimate below expectations; tough to find workers [BloombergQ] Ross Embraces […]
Michael Hartnett “Every Fed Tightening Cycle Creates A Crisis” A little bit of chaos worldwide gives a temporary dollar boost What does Lucille Ball wrapping chocolate have to do with fed policy The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “There is a degree to which destabilization, whether it is caused by […]
[BloombergQ] U.S. Stocks Drop as Italian Woes Trigger Selloff: Markets Wrap [BloombergQ] Italian Bonds in Meltdown Spark a Global Flight to Haven Assets [Reuters] Italian bonds suffer worst day in more than 25 years [Reuters] Euro falls to 10-month low after Italy debt selloff [BloombergQ] Italy’s Political Crisis Rekindles Investor Fear of Euro Breakup [CNBC] […]
[BloombergQ] Risk Appetite Fades on Italy Outlook; Oil Slumps: Markets Wrap [TheStreet.com] Italy Bonds Plunge, Stocks Hit 13-Month Low as Constitutional Crisis Intensifies [BloombergQ] Italian Banks Lead Stock Declines as Government Plan Unravels [Reuters] Italy Heads to New Vote With Europe as Campaign Faultline [BloombergQ] Italy’s Failure to Form Government Deepens Political Chaos [CNBC] Traders […]
[Reuters] Italy’s efforts to form government fail as president defends euro [Reuters] Italy president under pressure to accept euroskeptic minister [BloombergQ] Italy’s Conte Fights to Form Team as Ally Threatens New Vote [UK Express] Italy’s new government to cause ‘BIG PROBLEMS’ for Brussels and for the Eurozone [BloombergQ] China Industrial Profit Growth Accelerates on Higher […]
[CNN] Gas prices are up 31% from last Memorial Day. Here’s why [BloombergQ] Italy’s Standoff on Finance Chief Stalls Talks on New Government [Reuters] Erdogan calls on Turks to convert dollar, euros into lira [Reuters] S&P 500 companies return $1 trillion to shareholders in tax-cut surge [Reuters] Leaders of two Koreas hold surprise meeting as […]
Interestingly, financial crises over the ages have often unfolded during autumn. Early economic thinkers pondered and debated the sources of instability and the root cause of recurring economic cycles. Even in relatively primitive economic systems, money and Credit played a leading role. I admit to finding “trade cycle” analysis intriguing. Even in a simple agrarian […]
