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About this week’s show: $500 billion lost in bond market liquidity void Grandma finally got a part time job! College grad outa work! Anemic markets 100% dependent on Central Bank handouts The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “We do have a free-for-all in Shanghai and the Hong Kong markets, and that […]
Bill Gross penned another interesting commentary, “A Sense of an Ending.” The title comes from a Julian Barnes novel, of which Gross pulls the following quote: “There is accumulation; there is responsibility, there is unrest – great unrest.” Mr. Gross and I share similar analytical frameworks. He focuses on debt, while discussing a market cycle […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “So the challenge of our day is to distinguish the fake contemporary versions of crony or corporate capitalism from the real. Capitalism is in the crosshairs because the genuine article is misunderstood. Freedom expressed in the allocation of savings by an individual, in pursuit of […]
About this week’s show: State-ism is doomed, FREE MARKET will emerge Australia taxes it’s people for NOT spending money Alan Greenspan “Gold stands as a protector of property rights.” Click Here for Costs and Benefits to Phasing out Paper Currency By Kenneth Rogoff, Harvard University The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick […]
May 1 – Reuters (Jamie McGeever): “The calm on global financial markets masks a growing threat to their smooth functioning should shrinking liquidity morph into an outright crunch in response to a U.S. interest rate rise or some other shock. The price of German 10-year government bonds plunged this week, triggering the biggest rise in […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “This is a period of time where you want to go quiet with your assets. Hang a beautiful piece of art on the wall. Fill a vault with gold. But don’t tell everybody where the vault is, and certainly don’t tell anybody what the access […]
About this week’s show: Venezuela’s Tier 1 Collateral: GOLD Putin vs. Obama: The new Energy War Safe Assets: Real, Out of sight, and Off the Grid The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “This is a period of time where you want to go quiet with your assets. Hang a beautiful piece […]
The lesson should have been learned by 1994. After a period of extraordinarily loose monetary policy, bloody market chaos was unleashed when the Fed bumped up rates 25 bps (to 3.25%) on February 4, 1994. Treasury and corporate bond markets were clobbered – and leveraged mortgage derivative strategies were obliterated. At that point, the Federal […]
