Markets : China's PBOC launched a swap facility designed to boost their equity market, GDP was slowest swince early 2023 (hence all the action lately, they will keep doing it till they achieved what they need-want), Netflix was a beat, GOLD new highs $2700 (irrespective of higher UST yields and stronger USD lately..), UK retail sales up
Gold has quietly outperformed all year, up almost 40% last 12mos, steadily gaining value despite the gyrations in bond yields or inflation expectations #GDX got room and eventually #XPT #XAG and #SILJ will catch up
#PLAT Platinum is 30 times more rare than gold
PM Modi to attend BRICS Summit in Russia with China's Xi also around next week
Druck's interview below - well worth 20mins of your time
$500B was added to the national debt in just the last 3 weeks… half a trillion in just 3 WEEKS >>> U.S govt out of control, elections!
Intrum Europe's biggest debt collector, said on Friday it will file for voluntary Chapter 11 bankruptcy protection... 'oh the irony!'
JPMorgan Chase is winning the AI banking race — and its lead is getting bigger. JP Morgan says the financial markets are pricing in a Donald Trump victory and the possibility of a Congressional Sweep - indeed (though it could all go ''LizzTruss way'', beware what you wish for, volatile it will be, in everyway going into Dec) >>> #duration under pressure UST's
The ECB said they are expecting inflation to rise again before declining to target next year ..Christine talked just about any possibilities of what may or may not happen..
Nearly 11,000 North Korean Troops In Russia Preparing To Enter The Fight Says Ukraine’s Spy Boss
UK Treasury hints at debt rule change to fund major projects
PM Modi to attend BRICS Summit in Russia with China's Xi also around. Here's what's on agenda - The Economic Times (indiatimes.com)
GYOW 3.0 - 20" Brand | Wayfair (youtube.com) Stan Druckenmiller on Fed Policy, Election, Bonds, Nvidia - well worth listening to
You jut couldn't make this up...
ECB’s Lagarde: ‘We’re breaking the neck of inflation’ after cutting interest rates – as it happened (msn.com)
Janet Yellen goes after Donald Trump in calling high tariffs 'deeply misguided' (qz.com) ...more inflation is not what US consumers and FED want
Ukraine-Russia war latest: Zelensky says invitation to join Nato is ‘only way’ to end Putin’s war (msn.com)
Nearly 11,000 North Korean Troops In Russia Preparing To Enter The Fight Says Ukraine's Spy Boss (twz.com)
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