“Our policy machinery is going full speed ahead”.
Author: therealheisenberg
S&P 500 Vs. NIPA: The Great Profit Debate
Another “who you gonna believe?” moment.
‘The Brighter News Needs To Be Caveated’: Decent US PMIs Mask Average Economy
Good. But not “great” (“again” or otherwise).
Nomura’s McElligott Explains The ‘QE-Like Stasis’ Of An ‘Everything Works’ Market
So, is there any risk? Well, yes.
Elizabeth Warren Reminds CNBC: ‘There’s No Such Thing As A Government That Works Too Much For The People’
“That’s what a democratically elected government should do”.
Ghastly UK PMIs Underscore Precarity Of Post-Election Economic Outlook
“December’s PMI survey sadly lacked festive cheer”.
Germany Can’t Catch A Break As Manufacturing Slump Refuses To Abate
“A weak end to a difficult year for the German economy”.
China’s November Activity Data Comes In Strong As Industrial Output Rebounds
This may add to the positive trade vibes.
Lots Of Beta, But No Alpha Makes Jack A Dull Boy
A familiar tale, but one worth (briefly) retelling…
Bob Lighthizer To Face The Nation: Friday Was ‘Most Momentous Day In Trade History’
“The president is not foolish, he’s very smart”.
Will 2020 Be The Year ‘Politicians’ Implied Vol’ Finally Overwhelms Central Banks?
“…there have been periods during which volatility has returned, but central banks have largely succeeded in beating back the turmoil”.
Mind-Boggling Local Government Debt Dynamics Should Probably Worry China Watchers In 2020
Much like China’s labyrinthine shadow banking complex, this is a laughably (and notoriously) convoluted setup.
Stuart Sparks Details The Ultimate In Ironic, Tragicomedic Fed Outcomes For 2020
“Note that this is not a forecast of recession”…
The Bull That Just Wouldn’t Die
But, you know what they say about the “best laid plans of mice and men”…
Trade Deal ‘Narrower-Than-Expected’, May Limit Yield Rise In ’19, Goldman Says
“This is a narrower deal than we were expecting”.
Lighthizer, Kudlow Talk Up Trade Deal As Skeptical Market Questions Farm Math
“…of course China didn’t mention these today”.
Trump Marks Dubious Friday With Impeachment Articles, Trade Fail
A surreal spectacle, but one befitting of the man.
China Announces Some Details Of Nine-Chapter ‘Phase One’ Trade Deal With Trump
The phase one deal contains nine chapters.
Retail Sales Miss ‘Bigly’ For November, Despite Equity Rally
It’s unlikely to get much attention, but maybe it should.
High Drama, As Fresh Trade Doubts Emerge Amid ‘Radio Silence’, Dispute Over Farm Buys
“This is a delicate situation”.
‘It’s Turning Into A Merry Christmas’: Global Rally Gains Momentum As Macro Risks Recede
It’s Trump’s rally to lose…
China Deal ‘In Principle’ Turbocharges Stocks, Sends Bonds Tumbling
High drama, as General Trump engages in all-day brinksmanship before signing off on the deal.
So, Business Debt Just Exceeded Household Debt For The First Time In 28 Years
Draw your own conclusions.
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