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About this week’s show: If QE was bullish, will QT (Quantitative Tightening) be a real bear? Good year for stocks, S&P up 11%…Better year for gold, up 12% Buffet sees Dow 1,000,000 in next 100 years (sort of bearish don’t you think?) The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “On today’s program, […]
[Bloomberg] Dollar Gains on Yellen, U.S. Tax Plan; Bonds Slump: Markets Wrap [Bloomberg] Oil in Bull Market Nears $52 on Signs U.S. Stockpiles Declined [Bloomberg] Trump’s Tax Overhaul Will Slash Rates for Companies, Individuals [Reuters] Trump’s tax plan to propose deep U.S. rate cuts, lacks revenue details [Bloomberg] What Puerto Rico’s Catastrophe Means for Bondholders […]
[Bloomberg] Euro Slide Deepens as Stocks Drift; Gold Retreats: Markets Wrap [Reuters] Oil near 26-month high as Turkey threatens to choke Kurdish exports [Reuters] Republican tax plan expected to include new ‘pass-through’ business rate [Bloomberg] Trump Says Puerto Rico in ‘Deep Trouble’ as Storm Adds to Debts [Bloomberg] ‘This Is Chaos’: Sweltering Puerto Rico on […]
[Bloomberg] Euro Drops as German Vote Sinks In; Gold Retreats: Markets Wrap [Bloomberg] Fed’s Dudley Says He Sees Inflation Restraints Proving Temporary [Bloomberg] GOP Revises Obamacare Repeal Bill Likely Headed for Defeat [Bloomberg] Merkel’s Bloc Regroups After ‘Nightmare Victory’ in Germany [Bloomberg] China Developers Plunge as Government Expands Tightening [Reuters] ECB becoming more confident about […]
[Reuters] Trump cranks up North Korea threats as Pyongyang holds anti-U.S. rally [Bloomberg] Merkel Seeks Fourth Term as Germans Vote in Federal Election [CNBC] German election 2017: All you need to know about the vote [Reuters] Germans warned against apathy as Merkel heads for fourth term [Bloomberg] Trump to Get Tax Plan That Targets 20% […]
[Reuters] Merkel, Schulz urge undecided Germans to vote with far right gaining [Bloomberg] China Cities Tighten Home-Sale Rules to Tame Property Market [Reuters] Iran successfully tested new ballistic missile, state media reports
I found the Fed’s latest (Q2) Z.1 report particularly interesting. It brought back memories. In general, debt growth was steady and rather uninteresting. As such, it would be reasonable to equate the seemingly placid Credit backdrop with an extraordinarily long period of low securities market volatility. Yet there’s another dynamic to contemplate (and carefully monitor). […]
[Bloomberg] Stocks Mixed as Havens Gain on Korea; Euro Rallies: Markets Wrap [Bloomberg] Canadian Inflation Accelerates to 1.4% on Gasoline [Bloomberg] Fed’s Williams Says 2.5% Funds Rate About the `New Normal’ [CNN] North Korea could test hydrogen bomb over Pacific Ocean, says foreign minister [Reuters] North Korea’s Kim says will make ‘deranged’ Trump pay dearly […]
