Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Toon Time.
Well, here it is Wednesday afternoon and since the close of business on Tuesday we've learned that Donald Trump is building a literal space army and also that Larry Kudlow will now be effectively in charge of U.S. economic policy.
We are living in a cartoon.
Which is exactly what lots of folks warned would probably happen around this time last year.
C'est la vie.
https://twitter.com/JimMFelton/status/973552345668898816
Retail sales were a disaster in the U.S. and that doesn't bode well for
Can it get any worse? Sure, wait until tomorrow, meaning after midnight EST.
It is the increase in the short rates that has me amazed. Seems as though the 1 month and 3 month rates go up a few basis points every day. The Libor 3 month USD rate has gone up every day for over 2 weeks now. With long yields just sitting around doing nothing the curve is flattening pretty quickly. With floating rate notes and floating rate preferred shares tied to the 3 month Libor corporate interest payments must be climbing fast.
That GDPNow graph could wind up looking like the 2018 expected earnings squiggle — revised up at first, followed by many more downward revisions.