MARKET NEWS / DAILY UPDATE

The McAlvany Daily Update – December 7, 2023

MARKET NEWS / DAILY UPDATE
Daily Update • Dec 07 2023
The McAlvany Daily Update – December 7, 2023
The G2 Posted on December 7, 2023

Credit Bubble Bulletin – Doug Nolan

 

 

McAlvany  Intelbrief

The McAlvany Intelbrief is a round-up of the day’s important news from a multitude of sectors that can and do impact the financial markets.

[FYI – Repetition of items is on purpose because the item fits into 2 or more categories, not a mistake by me.]

 

On December 7, 1941, Japanese planes attacked the United States Naval Base at Pearl Harbor, Hawaii Territory, killing more than 2,300 Americans. The U.S.S. Arizona was completely destroyed and the U.S.S. Oklahoma capsized. A total of twelve ships sank or were beached in the attack and nine additional vessels were damaged. More than 160 aircraft were destroyed and more than 150 others damaged.  The Japanese lost 29 aircraft and 5 midget submarines in the attack. One Japanese soldier was taken prisoner and 129 Japanese soldiers were killed. Out of all the Japanese ships that participated in the attack on Pearl Harbor only one, the Ushio, survived until the end of the war. On December 8, U.S. President Franklin Delano Roosevelt asked Congress for and received a declaration of war against Japan. On December 11, Germany and Italy, allied with Japan, declared war on the U.S. The United States had entered World War II.

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