...what was supposed to be a one-off market intervention in 1987 has now become the norm, which monetary policymakers will find it impossible to extract itself from...
We get the final presidential debate of the US election on Thursday, the flash PMIs on Friday, and earnings season moving into full flow with 90 S&P 500 companies reporting. As well as this, there is an array of central bank speakers as usual.
Plunging valuations and weakening demand for oil and gas have created an opportunity for larger oil and gas firms with a less debt-laden balance sheet to expand via acquisition...
Bulls will breathe a sigh of relief that on the 33-year-anniversary of Black Monday (when the Dow dropped 22.6% on this day in 1987) futures are sharply higher, at least for now.
...silver should be bought for wealth preservation purposes and not for speculation. Therefore it must be held in physical form outside a fragile banking system...
After inflating the biggest bubble in history, the Fed suddenly realizes that it lacks sufficient tools to "stop firms and households" from taking on “excessive leverage” and has called for a “rethink” on “financial stability” issues in the US.
"The foundation for investing so much money in China is unstable... One must invest very carefully in China and be skeptical of all the numbers that are presented."
"By dramatically lifting the markets, the Fed may have caused some people to believe that it will always do so – that there’s a "Powell put" that can be counted on to keep things humming."
"This set-up of continued low real rates and a widening current account deficit in the US will act as a reflationary impulse for the rest of the world, especially EMs, setting the global economy on a path towards a synchronous recovery in 2021."
In a world of endless lies and constant hypocrisy, hearing at least one financial official admit the truth that it is "awesome" to see one's currency collapse, is delightfully refreshing.
