“Rough day” doesn’t quite capture it.
Author: therealheisenberg
China Considers Canceling Trade Talks, Yuan Dives, PBoC Announces Targeted RRR Cut
On the “bright” side…
‘No!’ Trump Ruins Your Weekend, Says He’ll Restart Trade War With China On Friday
“The 10% will go up to 25% on Friday.”
Behold: The Most Hypocritical, Ridiculous MMT Broadside Yet
Brought to you by four people who voted for Trump’s deficit-ballooning tax cut package.
‘Robert Cialdini Move’ Or Full-AOC? An ‘Apoplectic’ World Confronts MMT Juggernaut
“The government debt and deficits scolds are just plain wrong, in our view.”
‘Disharmony’ And What’s ‘Frustrating’ Goldman’s Clients
“This week the Reiwa era of ‘beautiful harmony’ began in Japan but”…
After Wild Week, Trump Takes Refuge In Hour-Long Call With Putin
Things were a mess inside the Beltway this week.
Larry Kudlow Cranks Propaganda Knob To Spinal Tap-ish ’11’ In Absurd Friday Press Junket
Unadulterated, state propaganda. Period.Â
Macro Rumor Mill: ‘High-Profile Former Central Bank Head’ Says Odds Of Q1 2020 Fed Hike Higher Than Odds Of Cut
“Word around the macro universe”…
Jobs Report Blows Away Estimates, Unemployment Rate Falls, Wage Growth Again Cooler-Than-Expected
Who wants to re-trade the Fed?
Latest European ‘Green Shoot’ Gets The ‘Meh’ Treatment
Still, Europe will take anything it can get.
Don’t Blame CTAs Or Risk Parity For The Simultaneous Selloff In Stocks And Bonds
“Stability breeds instability, however.”
Stephen Moore Pulls Out Of Fed ‘Process’, Sparing America Any Further Screwing
“My biggest ally is the president [and] he’s full speed ahead”.
One Bank Marvels At ‘Eye-Watering’ Grab For Yield As New Issue Demand Hits Record
“Whatever it takes”, I suppose.
Nomura’s McElligott Rolls Eyes At Powell’s ‘Transitory’ Inflation Message, Says Bar For Cut ‘Infinitely’ Lower Than Bar For Hike
“I remain completely convinced that the bar to CUT is infinitely lower than the bar to HIKE.
Goldman: The Odds Of A Rate Cut Were Already Low, Now They’re Lower
Powell quickly reversed [the] initial impression.
Crisis Looms As Barr Refuses To Appear Before House, Nadler Threatens Contempt Citation
“The attorney general is trying to blackmail the committee”.
‘Plain English’ Goes Awry – Again
However, things took an abrupt turn during the press conference…
Fed Attempts ‘Dovish Hold’, Emphasizes Muted Inflation, Lowers IOER
Now, let’s go to Twitter to see what the president thinks.
William Barr Wishes We Could All Just Agree To Disagree About This Whole ‘Did The President Obstruct Justice?’ Thing
Obfuscation at its best – or worst, depending on how you want to look at things.
Harley Bassman: ‘Be Prepared For MMT To Be Implemented’
“Maybe it will be different this time……not likely.”
Here’s What Nomura’s Charlie McElligott Is Watching For From The Fed
Here’s a quick primer on the key debates and discussions.
SocGen: ‘Sell In May’ Is Less Likely To Work This Year
This time is different, apparently.
Mueller To Barr: ‘You Did Not Capture The Context And Substance Of My Work’
“There is now public confusion about critical aspects of the results of our investigation.”
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