Make-believe tax cuts, cowboy hats, gangs, hazardous light bulbs and a hypothetical confrontation between Xi Jinping and Joe Biden.
Day: September 12, 2019
Janet Yellen: Trump’s Call For Negative Rates To Refinance America’s Debt ‘Long Rejected’
But “no one wants to be Japan”.
Christine Lagarde Inherits ‘Unprecedented’ ECB Split After QE ‘Revolt’
Dissenters in our midst.
Jeff Gundlach Is ‘On Recession Watch’, Sees 75% Chance Of Downturn Before Election
“We’re getting closer but we’re not there yet”.
If You’re Looking For Inflation, Health Insurance Costs Are Rising Faster Than Ever
Also, core prices are up and wages are rising, putting the Fed in a box.
Elizabeth Warren Plans 14.8% Payroll Tax Hike On $250K Incomes To Expand Social Security
“My plan imposes a 14.8% Social Security contribution requirement on individual wages above $250,000”.
Trump Said To Consider ‘Limited’ Trade Deal With China, White House Denies Report
Decelerating domestic economy may be kryptonite for “Tariff man”.
145 CEOs Demand Congress Act On Gun Violence – Read Their Letter
“These families became members of a club that no one wants to join”.
Draghi Sees Scope For New QE To Last ‘Quite A Long Time’ As ECB Slashes All Inflation Forecasts
“QE-Infinity” is real – with a caveat.
Trump Lashes Out At Mario Draghi Again, Says ‘Bonehead’ Powell ‘Just Sits And Sits’
“They are trying, and succeeding, in depreciating the Euro”.
ECB Cuts Rates, Restarts Open-Ended QE, Announces Tiering, Enhances Forward Guidance
Draghi comes through with multi-faceted easing package – will it be enough?
Turkey’s Captive Central Bank Delivers Another Large Rate Cut For Erdogan
It still won’t be enough for the autocrat, though.
