Gold and Silver Hated Now, Cryptocurrencies Loved. The Debate Rages Onward, and Here’s a Solution!
by JS Kim, Founder of SmartKnowledgeU and skwealthacademy, this article was first posted at smartknowledgeu.com/blog on 1 June 2017.
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Asia
JPM: "There Is A Cloud Hanging Over The Equity Rally, But Stocks Don't Seem To Mind (For Now)"
Adam Crisafulli recaps what matters this morning as we head into today's payrolls report, noting that "the inability of TSY yields to rise (along w/the dramatic multi-month curve flattening process) remains a cloud hanging over the equity rally but stocks obviously don’t seem to mind (for now)." Whether this changes will depend largely on one thing: today's wage number - if it comes in above the expected, we may finally get some curve steepening, if not the divergence will continue...
Trading Update
Stocks Set For New All-Time Highs, Nikkei Rises Above 20,000, Oil Slides
The day after Trump pulled out of the Paris Climate Accord, stocks are set for new all time highs with S&P futures up 0.2%, boosted by green markets across Europe and Asia, where the Nikkei rose above 20,000 for the first time since 2015. World stocks are set for new record highs, having already gained 11% so far this year, ahead of today's US nonfarm payrolls which are expected to increase by 185,000 jobs after surging 211,000 in April.
Germany Faces Wave Of Muslim Honor Killings
Authored by Soeren Kern via The Gatestone Institute,
Why Do Half-Measures Work For Markets, But Not For Socialism?
Authored by Ryan McMaken via The Mises Institute,
Socialists have attempted many times to put their ideology into action. Socialism has been applied in the Soviet Union, Cuba, China (before Deng), North Korea, and by many other less-famous regimes.
In each case, the result has been economic impoverishment and political authoritarianism.
But the die-hard socialists refuse to give up. "Don't judge communism based on these results, " we're told. "Socialism has simply never really been tried."