Also, core prices are up and wages are rising, putting the Fed in a box.
Author: therealheisenberg
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.
Trump Delays Tariffs On $250 Billion In Chinese Goods Citing China’s Anniversary Celebrations
Incrementally positive – until the next escalation.
Trump Drags ‘Tough Guy’ John Bolton, Forgets Who Barron Is
“He made some very big mistakes”.
Here’s The Important Subtext Of Marko Kolanovic’s Latest Market Outlook
“Uncertainty has erased confidence built over a decade”.
Trump Floated Lifting Of Iran Sanctions, Infuriating John Bolton (And His Mustache)
Predictably, Bolton “argued forcefully” against the proposal in the Oval Office.
Trump, Economic Team To Meet On Capital Gains Tax Cut, Which Would Hand $100 Billion To The Rich
It has the support of Larry Kudlow, Stephen Moore and anybody who owns a lot of stock.
‘Even Short-Lived Rotations Could Be Powerful’: Goldman Weighs In On Momentum Massacre, Factor Turmoil
“The triggers in the short run could be geopolitical”.
German Economy To Enter Recession This Quarter As Trump ‘Poisons’ Investment: IfW
“The German economy is facing one of the weakest years since the financial crisis”.
Trump Demands Negative Rates, Calls Jay Powell, Fed ‘Boneheads’ In Wild Screed
“The USA should always be paying the the lowest rate”.
It’s ‘August In Reverse’ As Bond Selloff Worsens
This comes with the obligatory caveat that a single tweet could send everyone scurrying to safety, pushing yields back lower.
Trump, Navarro Plot Executive Order Targeting Chinese Fentanyl Shipments: Report
The push is clearly aimed at China, but the order will not be limited to the country.
Here Are The States At The Highest Risk Of Recession
Hint: Michigan may be in trouble, and it’s a battleground state.
Marko Kolanovic Weighs In On This Week’s Dramatic Factor Rotations, Delivers Near-Term Market Outlook
“By just looking at the price of the S&P 500 one cannot see the true state of equity markets”.
America’s National Security ‘Absolutely Not A Mess’, Steve Mnuchin Tells Raucous Press Briefing
“Loud shouting, hollering and hand waving”.
Trump Fires John Bolton. And His Mustache.
“I informed John Bolton last night that his services are no longer needed”.
US, China Discussing Text Of Trade Agreement, Beijing May Buy Farm Goods: Report
Take it all with a grain – or maybe a whole shaker – of salt.
Six In 10 Americans Say A Recession Is Likely Within The Next Year
Yet another blow to the MAGA “miracle” narrative.
Nomura’s McElligott On Monday Momentum Massacre: ‘One Of The More Stunning Trades In Modern Market History’
“And yet HILARIOUSLY, Joe Schmoe retail investor looking at simple Index returns wouldn’t have had ANY idea of the calamity occurring”.
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