One-Percenters Now Control As Much Wealth As Middle-, Upper-Middle Classes Combined
The benefits of this don’t accrue linearly, but rather exponentially.
‘2019 Has Been A Rollercoaster’: Duration ‘Round Trip’ Now Complete, Risk Is Trade Deal Falls Through
This may mean that the market has become too comfortable with the trade outlook.
‘There Was No Doubt’:Â Hill, Vindman Transcripts Describe ‘Sad’, ‘Shocking’, Sordid Ukraine Conspiracy
“There was no ambiguity. There was no doubt.”
Marko Kolanovic On ‘Groupthink’, Crowding And Why The Rotation Will Continue
“Two strategies that in theory should have little to do with each other” have been “nearly 100% correlated” recently.
China Responds: Phase One Deal Without Tariff Rollbacks Is Nonstarter
“What’s certain is that”…
The US Consumer Doesn’t Care About Impeachment – For Now, Anyway
“References to the impact of impeachment on economic prospects were virtually non-existent”.
Trump Figures Stocks Are High Enough Now That He Can Throw Cold Water On Trade Deal
Draw your own conclusions.
Spare A Thought For Gold. This Was A Terrible Week
Yellow doorstops are in the dumpster amid an otherwise stellar 2019.
Iran Shoots Down ‘Foreign’ Drone
“Residents of Imam Khomeini port city heard the sound of a missile being fired on Friday morning”.
China’s Yuan Rides Hot Streak Amid Trade Optimism. Exports Stabilize, But Imports, Car Sales Slide
There’s good news and bad news.
‘Yellow Brick Road’ Or ‘Rabbit Hole’? Bonds In ‘No Man’s Land’
So, which is it going to be?
Trump Wanted Nothing Less Than Zelensky To Say ‘Investigations’, ‘Biden’ And ‘Clinton’, George Kent Told Congress
Giuliani’s “allegations against former Ambassador Yovanovitch were without basis, untrue, period”.
Someone Who Is Almost Surely Peter Navarro ‘Fiercely’ Opposes Lifting Tariffs On China
You can always count on Peter…
3-Sigma Bond Rout Sees Yields Erase August Plunge, While Front-End Prices Out Trump’s Rate Cut Hopes
Rampant optimism is now reinforcing the Fed’s message that rate cuts are done.
Albert Edwards Asks: ‘Warren, Sanders or Trump What’s The Difference?’
“Christie’s US recently sold two pairs of late 1990s tortoiseshell sunglasses for $2,750”.
Stocks Are Levitating, But Nomura’s McElligott Says Backtest Shows Potential For Pullback Amid Options ‘Extremes’
The longer we linger ‘up here’…
Split BOE Decision Wrong-Foots Markets, 2020 Rate Cut Now Seen Likely
“They’re closer to cutting rates than we think”.
Tariff Rollbacks Imminent, China Says. US Confirms
It would be the first time the Trump administration has removed duties since the beginning of the trade war.
Bill Barr Turned Down Trump Request For News Conference Exonerating President In Ukraine Call
Bill should ask Jeff Sessions what happens if you don’t do Trump a favor when asked.
Bill Taylor’s ‘Clear Understanding’ Was That Trump Tried To Extort Ukraine. He’ll Tell You About It On TV Next Week
Taylor, a West Point graduate and Vietnam veteran, will testify publicly, on television, next week.
Happy Times And ‘Manna From The Printing Press Heaven’
“The wealth effect on global plutonomists will be massive”.
Marco Rubio’s China Pension Ban Will Save You From Accidentally Becoming A Communist Financier
“Today makes clear that a bipartisan, bicameral coalition in Congress will not sit on the sidelines”.
‘A Weak Start To Q4’: JPMorgan Global PMI Prints Lowest Since February 2016, Employment Dives Into Contraction
“…the pace of job losses at manufacturers was the joint-fastest for over a decade”.
Iran Now ‘Harassing’ IAEA Inspectors As Mountain Nuke Facility Reactivated
“We know how sensitive they are to the Fordow facility”.
For Germany, Light At End Of Tunnel Still Just A Faint Glimmer
Far from out of the woods.
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