In the near future, the USwill likely work to motivate other Gulf states to follow the UAE’s footsteps... Saudi Arabia is already widely known for keeping close ties with Israel in the field of security and military cooperation...
1. Bond bulls’ faith is being challenged by data and vaccine hopes; 2. China’s uneven recovery slows with the PBOC staying put; 3. IPOs of Chinese companies in the U.S. are booming even amid scrutiny.
Last year an average of two railcars were robbed each week, but in the first six months of 2020 that number has increased to three per day, the newspaper Reforma reports.
The benign market reaction last week might lead you to believe that the failure to reach a deal on another round of fiscal stimulus in the US means more aid isn’t required to keep markets and the economy on their V-shaped recovery path. On the contrary.
In his testimony, Greenspan mentioned gold as “especially sensitive to inflation concerns,” which, next to other indicators, “can give important clues about changing [inflation] expectations.”
“While we never comment on deal speculation, this appears to be a fake news website. We’ve never heard of this organization and they did not contact us ahead of publication.”
This rally in gold and the persistent supply tightness which has kept gold futures in backwardation for most of the year are indicators that something has fundamentally shifted in the gold market...
Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected...
