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About this week’s show: Triple A rated bonds drop from 98 to just 2 choices WENDY’S replaces cashiers with automated kiosks Draghi blames piggy bank prudence for slow growth The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “This is the nature of central banks creating targets. The targets aren’t for them, the targets […]
May 20 – Bloomberg (Susanne Walker Barton): “Treasuries fell, heading for their biggest weekly drop since November, as Federal Reserve officials indicated they’re considering a June interest-rate increase should economic data remain steady… A measure of volatility in the $13.4 trillion Treasury market rose Thursday to the highest level in more than a month. Investors […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “We are on the cusp of once-in-a-generation opportunity, a wealth transfer that occurs when assets get very, very inexpensive. And the question is, do you have liquidity in the most reliable form? And yes, that does mean devoid of counter-party risk. That’s imperative. And if […]
About this week’s show: From Industrial Recession to Retail Recession A New Reserve Currency? Be careful what you wish for Trump’s answer to the Debt Problem: Buyer Beware! The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “We are on the cusp of once-in-a-generation opportunity, a wealth transfer that occurs when assets get very, […]
Friday headlines from Bloomberg: “Retail Sales Rise Most in a Year, Marking U.S. Consumer Comeback” and “Consumers Turn Out to Be U.S. Growth Lifeline After All.” Ironically, U.S. retail stocks (SPDR S&P Retail ETF) were slammed 4.3% this week, trading back to almost three-month lows. Poor earnings were the culprit. Macy’s sank 15% on Wednesday’s […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “It’s the same old disease. Why wait until tomorrow to purchase something when I actually have the savings instead of buying it today on credit? There are only two kinds of people in the world. There are those who pay interest and those who receive […]
About this week’s show: Shanghai Gold Exchange delivers PHYSICAL gold, not just paper Deutsche Bank: “We need MORE NEGATIVE Rates”! Is the Gerontocracy the new voting majority? The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “It’s the same old disease. Why wait until tomorrow to purchase something when I actually have the savings […]
Don’t let a relatively tame week in the S&P 500 engender complacency. Perhaps it was not obvious, yet the trading week provided important confirmation for the incipient “Risk Off” dynamic thesis. Indeed, the global bear seemed to roar back to life. Stocks were lower, financial stocks were under heavy selling pressure, and some commodities reversed […]
