Hard hitting global and local news
Swings in the US dollar have no long-term impact in the price of gold. Nor is gold an inflation hedge.
Housing starts are down 4% in July. Permits are up 8.4%.
President Trump wants to buy Greenland. His interest is because of its natural resources like coal and uranium.
Based on global shipping indexes, Cass expects a US GDP contraction in the third or fourth quarter.
Jeremy Corbyn officially offers the same deal again today that the Liberal Democrats have already rejected.
Retail sales in July rose more than expected albeit from negative revisions. Industrial production is another matter.
Retail sales unexpectedly surged 0.7% in July fueled by Amazon, food, and drinks.
The bond rally continues this evening with the Fed in denial and Trump howling.
Yesterday, the stock markets rallied 1.5% on news Trump delayed tariffs. Today the markets sank 3%. What’s next?
The stock markets are getting clobbered and bonds are on fire as recession fears escalate.