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The Class War Has Already Started

The Class War Has Already Started

  Pundits and apologists are quick to chastise anyone who even speaks of class war, as if the words alone might spark what the pundits and apologists fear. The pundits and apologists dread the words because they know the Class War has already started. The mainstream media’s hope is that denial will somehow suppress the broader recognition […]
Gold: Here’s What To Look For After This Historic Run

Gold: Here’s What To Look For After This Historic Run

Gold prices fell for a fourth consecutive week with the precious metal down nearly 0.3% to trade at 1081 ahead of the New York close on Friday. The decline comes alongside a sharp sell-off in equity markets with the major indices off by more than 3.5% on the week. Despite declines in the greenback, bullion has […]
When China Sneezes, The Copper Market Catches A Cold

When China Sneezes, The Copper Market Catches A Cold

Whatever China seems to be trying to do, it doesn’t look like it’s working. When the country released some data on the amount of new credit, the results surprised everybody. Not only did aggregate financing fall to just $75B, which was lower than the number projected by all analysts, it was also just 45% of the median […]
Dollar Bull Move Remains Intact

Dollar Bull Move Remains Intact

The US dollar turned in a mixed performance in the week after the strong jobs data boosted expectations that the Fed’s liftoff would take place next month.  The Fed funds futures imply a 20.5 bp effective rate in December.At the end of October, it was 19.5 bp. In contrast, the 2-year note yield eased 3 bp over […]