John O’Donnell’s guest today is Dr. George Reisman. He is a Pepperdine University Professor Emeritus of Economics and author of Capitalism: A Treatise of Economics. He was a personal student of Ludwig von Mises under whom he obtained his doctorate in economics in 1963. His website is www.capitalism.net. The duo discuss on PTR today: economic inequality, including income and inheritance taxes, the nonsense of the 99% vs the 1%, and where Marx was wrong about capitalism and why the Fed cannot control the equity and real estate markets with interest rate manipulations.
Editors’ Picks
EUR/USD holds firm above 1.0400 amid Europe's Ukraine peace push
EUR/USD holds the rebound above 1.0400 in European trading on Monday. The Euro firms up on Europe's efforts in a renewed push for peace in Ukraine. Upbeat Chinese PMI data underpins risk sentiment, adding to the weight on the US Dollar, keeping the pair afloat ahead of EU inflation data.
GBP/USD hovers around 1.2600 amid US Dollar weakness
GBP/USD defends minor bids near 1.2600 in the European session on Monday, helped by the sustained US Dollar retreat amid risk appetite and a potential truce in the Ukraine conflict. The further upside remains capped by looming US tariffs and geopolitical updates.
Japanese Yen retains its positive bias against a broadly weaker USD
The Japanese Yen attracts dip-buyers following a downtick to a one-week low against the USD. Bets that the BoJ will raise interest rates further continue to act as a tailwind for the JPY.
Editors’ Picks
EUR/USD holds firm above 1.0400 amid Europe's Ukraine peace push
EUR/USD holds the rebound above 1.0400 in European trading on Monday. The Euro firms up on Europe's efforts in a renewed push for peace in Ukraine. Upbeat Chinese PMI data underpins risk sentiment, adding to the weight on the US Dollar, keeping the pair afloat ahead of EU inflation data.
Bitcoin, Ethereum and Ripple rallies as Trump announces ‘Crypto Strategic Reserve’
Bitcoin price hovers around $93,000 on Monday after rallying 9.53% the previous day. Ethereum and Ripple prices followed BTC’s footsteps and rallied nearly 14% and 35% on Sunday.
GBP/USD hovers around 1.2600 amid US Dollar weakness
GBP/USD defends minor bids near 1.2600 in the European session on Monday, helped by the sustained US Dollar retreat amid risk appetite and a potential truce in the Ukraine conflict. The further upside remains capped by looming US tariffs and geopolitical updates.
Gold price sticks to positive bias on weaker USD, concerns over Trump's tariff plans
Gold price attracts some buyers on the first day of a new week and moves away from over a three-week low, near the $2,833-2,832 region touched on Friday. Traders continue to price in the possibility that the Fed will cut interest rates by a quarter of a percentage point twice by the end of this year
Weekly focus – Tariff fears are back on the agenda
While the timing of the EU measures remains still uncertain, Trump surprised markets on Thursday by signalling that the 25% tariffs on Canada and Mexico will be enacted when the one-month delay runs out next Tuesday.
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