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Sunday, July 2, 2023

Huge Silver Deliveries; Populist Authoritarianism

There were a number of reports this week: Fed Balance Sheet (WALCL): -21B [-0.25%] w/w.  Deflationary. Gross Domestic Product (GDP): +1.5% q/q, +6.74% y/y.  Not adjusted for inflation. Personal Income (PI): +0.4% m/m.  Inflationary. Durable Goods, New Orders (DGORDER): +1.72% m/m.  New high.  Expansionaary. Auto/Light Truck Sales (ALTSALES): -6.85% m/m.  Recovery slowing.  Heavy Truck Sales […]

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