I hoped it wouldn’t come to this, but I can’t say I’m surprised. On Friday, Donald Trump will reportedly test the waters on the feasibility
Day: November 19, 2020
Non Sequiturs & Nonsense
I suppose I was wrong to say, on Thursday morning, that “analysts and economists are loath to suggest a double-dip downturn is possible, let alone
King Dollar Relinquishes Global Payments Crown. But Save Your ‘Demise’ Narratives
Those who love a good “dethroning King Dollar” story will be excited to know that the latest data from SWIFT shows the euro grabbed the
Don’t Worry: The Housing Bubble Is Alive And Well
At least the housing bubble is intact. Existing home sales defied expectations for a decline, rising 4.3% in October to a blistering 6.85 million pace.
Jobless Claims Unexpectedly Rise, Adding To Economic Consternation
742,000 Americans filed for unemployment claims last week, more than the market expected. It’s an unwelcome development at a time when investors were already concerned
Erdogan Lets New Central Bank Governor Hike Rates. U-Turn ‘Obviously’ Won’t Last
Warm congratulations to Naci Agbal, who replaced Murat Uysal at the helm of Turkey’s central bank earlier this month amid a burgeoning currency crisis. On
Slow Bleed
The dollar moved higher from a 29-month low Thursday, as risk-off vibes tied to America’s COVID epidemic weighed on sentiment. Market participants are concerned that
