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Manic Markets Reverse Jobs Knee-Jerk, But ‘There’s No Chance Of December Hike’
Talk about laughable.
The knee-jerk move lower in the dollar and yields reversed course in what, for humans anyway, was the blink of an eye.
Of course to the machines it's a veritable lifetime, so I guess we can write off the initial move lower to the algos "who" probably interpreted things correctly because it's hard to spin the "dismal" out of that data. Have a look at this:
As for the reality of the situation (because we can't divine anything about reality from that for obvious reasons),
And let’s keep an eye on Irma. http://www.nhc.noaa.gov For if Trump, Harvey and the insane markets foreshadow anything, it’s that this Irma might not be an Irma la Douce. They’re already talking about a Cat 4, https://www.accuweather.com/en/weather-news/tropical-threat-to-track-across-atlantic-this-week-will-it-affect-the-us/70002598, and possibilities “range from a landfall on the Leeward Islands in the northeastern Caribbean to the Carolinas and the island nation of Bermuda – and everything in between. There’s also a chance the system drifts into the Gulf of Mexico.” Another once-in-a-millennium like Harvey tsunami whacking the Southeast US won’t do any wonders for life, limb or the economy, will it?
Just read an article on Tampa Bay, Clearwater area.
West coast of Florida
Irma in the Gulf won’t be pretty.
Read that ” Orange Man” didn’t sign up for this.
Karma is a bitch, and Mother Nature always bats last.
As I read this, https://www.japantimes.co.jp/opinion/2017/09/01/commentary/japan-commentary/boj-normalization-rides-consolidation/#.WalnYq3My_o, with all I have read on this site as part of a frame of reference, at once the reality and surreal nature of it all is so incredibly striking. In the same way that Trump could possibly be a nonfiction event and exist on earth, that he exists on earth as a president, and that he exists on earth as the President of the United States is at once reality and the surreal nature of it so incredibly striking.