Gold prices reflect a shift in paradigm – Part I

Warsh wouldn't be offered the job if he were a departure from the usual model of Fed chairs. He'll inflate plenty, especially when recession hits.

Futures Fall As AI Selloff Resumes US equity futures woke up after President's Day and chose to resume their selloff (after a modest bounce on Monday's holiday failed to hold) dragged by Tech, as the risk-off moves on AI disruption fears continue. As of 8:15am ET, S&P 500 futures were down 0.5% with Nasdaq 100 contracts falling 1.0%. In premarket trading, all Mag 7 stocks are lower and Semis are being pressured with AVGO / NVDA lower by more than 1%. Pockets of outperformance (and higher absolute returns) can be found...

Once and possibly future Iraqi Prime Minister Nouri al-Maliki’s candidacy is increasingly in doubt this weekend, with reports that President Trump’s demand he not be allowed to return to office increasing the possibility that the Coordination Framework bloc may withdraw him as their choice for premier. Last year’s Iraq elections ended with the usual deeply […]