Market Talk – June 7, 2023
ASIA: Singapore’s retail sales exceeded expectations, increasing by 3.6% year-on-year (YoY) and surpassing the projected contraction of 1.9% YoY. On a monthly basis, retail sales rose by 4.2%, with a [...]
Sales of US Treasury Bonds Continue to Try to Stem Dollar Rise
China continues to sell US Treasury bonds trying to keep the dollar down to aid the Federal Reserve. Saudi Arabia, however, has been in a different position having to liquidate US Treasury holdings for they are is a serious financial crisis. September shows a modest sale of $46 billion dollars. Private investors sales were $7.9 billion dollars, while the net sales of foreign institutions amounted to $38.7 billion dollars, according to the US Department of Treasury announcement.
Latest Posts
Gold & the Future
QUESTION: Mr. Armstrong, first I want to thank you for your independent analysis. In gold, all they ever say is buy – buy – buy. It seems if you ever [...]
There is no Glory in the Grave
“The working class of Europe has nothing to gain from this war and everything to lose,” Irish European Parliament member Clare Daly stated in October 2022. “I find it laughable [...]
US Voters Want Economic Growth over Equality
Inflation has hurt everyone. It is no surprise that a recent poll by Rasmussen Reports indicates that US voters are now prioritizing economic growth of equality. The latest survey found [...]
