‘Worse Than COVID’: Weak US Manufacturing Surveys Signal Stagflation In November
This morning’s survey data on the US manufacturing economy comes as the post-shutdown slump in ‘soft’ data has dominated desk conversations amid the vacuum of…
Key Events This Busy Week: ISM Mfg and Services, ADP, Core PCE And More
As noted earlier, Asia kickstarted December in a weak mood with Bitcoin down another -6% this morning and Nasdaq and S&P 500 futures both notably lower. 10yr US Treasu…
Witkoff Heads To Moscow With Revised Ukraine Peace Plan After Tense Miami Meeting Focused On Borders
Both sides kept their comments somewhat vague after the US and Ukrainian delegations met in Miami on Sunday to discuss a potential outline…
Watch: Unrepentant Trump Unloads On Fake News Reporters
Authored by Steve Watson via Modernity.news,
A gaggle of fake news reporters gathered around President Tump aboard Airforce One Sunday as he traveled back to Washington D.C. after th…
Crypto Crushed By Triple-Whammy Overnight
After an ugly November (the worst since 2018), December is continuing that trend with a big drop overnight that shook what had appeared to be a stabilizing market.
Hawkish BoJ
The overnight plung…
Moscow Paper Claims Ukrainian Drones Hit Russia-Linked Oil Tanker Off West Africa
All eyes are on Russia this week as talks center on a potential Ukraine peace deal that shifts to Moscow. U.S. Special Envoy Steve Witkoff is en route today …
Stocks Slides After Bitcoin Tumbles On Hawkish BOJ Fears
After a torrid meltup last week to end the month of November on a euphoria, if extremely illiquid note, futures are once again sinking as we start the final month of the year, in a s…
The Impossible Two Percent: Why Central Banks Cannot Afford Price Stability
Authored by Hamoon Soleimani via The Mises Institute,
The Two percent inflation target—monetary policy’s sacred commandment for three decades—has become structura…
Black Friday Turnout Solid: Goldman, UBS Highlight Decent Start To Holiday Spending Season
Heading into Black Friday and Cyber Monday, there were mounting concerns about consumers, especially lower-tier ones – a cohort we’ve repeatedly war…
As Money Gets Tighter, More People Are Selling Gold and Silver
Authored by Allan Stein via The Epoch Times,
For years, Jakob stacked silver coins and bullion, building his treasure and waiting for the perfect moment to let it go, if that …
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