And so, we’re left with another “jaws” scenario.
Month: October 2019
It’s Too Late. Trump Can’t Save Trumponomics. And Neither Can Larry Kudlow.
Trump, Kudlow and House Republicans are reportedly working behind the scenes on a new stimulus package.
Tim Morrison Corroborates Quid Pro Quo Account. Says Trump-Zelensky Call Was ‘Concerning’ But Not ‘Illegal’
“I had three concerns about a potential leak of the MemCon”…
Nancy Pelosi Gives Trump, GOP What They Asked For But Didn’t Really Want
The White House issued a patently ridiculous statement suggesting that somehow, the president is “not hurt”.
‘Look, This Isn’t A Surprise To Anyone’: Nomura’s McElligott Weighs In On Latest US-China Trade ‘Scoop’. Also Comments On Fed
“Many believe Trump will keep at least one more ‘negative trade surprise’ in his pocket”.
More Slippage In The MAGA Economy As Consumer Spending Sputters
Slowly, but surely, the US economy is decelerating.
China’s October PMI Data Disappoints, Underscoring Intractability Of Global Growth Slump
No “green shoots” for you.
Wall Street’s Fed Postmortems Are All Over The Place
Suffice to say there are disagreements on what comes next.
John Bolton May Testify In Impeachment Probe On November 7
Fear the mustache.
‘Is This It?’ Jerome Powell Signals Fed On Hold Until Something (Else) Crazy Happens
“The current stance of monetary policy is likely to remain appropriate”.
Fed Takes Out More ‘Insurance’, Cuts Rates For Third Time, Drops ‘Act As Appropriate’ Language
“Act as appropriate” is gone.
Chile Cancels APEC In Another Example Of Global Fallout From Local Unrest. Trade Deal In Flux, Peso Falls To 15-Year Low
“A president needs to put its people above everything else”.
Catherine Croft Says Lobbyist Pushed Obama, Soros Conspiracy Theory In Campaign To Have Yovanovitch Fired
“It was not clear to me at the time—or now—at whose direction… Mr. Livingston was seeking the removal of Ambassador Yovanovitch”.
‘Greatest Economy In US History’ Grows At Second-Slowest Pace In 15 Quarters
Thank God for the consumer.
Dour Prediction For German Exports Spoils Decent French GDP Read
“DIHK has not received such pessimistic replies since the crisis.”
‘Job Growth Has Throttled Way Back’: ADP Beats, But September Revised Lower
“If hiring weakens any further, unemployment will begin to rise”.
Deutsche Bank’s Third Quarter Results Are… Well, About What You’d Expect If You’re Being Honest
“”I want to thank our employees for their strong performance”.
House Votes To Sanction Turkey For Syria Massacre, Recognize Armenian Genocide In Sweeping Bipartisan Rebuke Of Trump Leniency
This marks a stunning bipartisan rebuke of both the White House and a NATO ally.
Trump Is Taking A Tony Soprano Approach To USMCA Auto Rules
Hopefully, you can see the problem with this arrangement…
Steve Mnuchin Wants All Of The Smoke From Elizabeth Warren In Repo Debate
“Have we gone too far?”
Nomura’s McElligott Flags Potential For Major Inflection Away From Legacy CTA Bond Long
“This would drive mechanical selling flows from what has been one of the largest ‘gross $ exposure’ positions in the model all year”.
What Liz Warren’s Tax Policies Would Really Mean For Stocks And The Economy (According To An Actual Analyst)
Hint: It’s a bit more nuanced than some high-profile hedge fund luminaries would have you believe.
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