Reflation Narrative Gets Another Boost As ISM Non-Manufacturing Rebounds From Trump-Era Low
All told, the headline beat will likely be enough to bolster the rosy economic story.
All told, the headline beat will likely be enough to bolster the rosy economic story.
It’s all going right, just two months on from a growth scare that sent yields to doomsday lows.
“…better growth needs to take over as a driver”.
“Massive” farm purchases are contingent, apparently.
One is left to ponder a tragicomedic outcome.
Optimists will be disappointed.ÂÂ
“If the US chooses to impose sanctions, it would be an economic and political error”.
“The envy of the world”.
“In the old days”…
The trade war is unpopular, but…
“The tariffs could go to 50% or 100%”.
“The German economy is facing one of the weakest years since the financial crisis”.
“Odd and hilarious analysis”.
“The tariffs are about to show up more clearly”.
This doesn’t say much for “progress”.
The data out of Germany is still bad. And one trader isn’t optimistic.
“To me, this is much more important than the economy”.
Mnuchin and Lighthizer were forced to ask CEOs to call the president and warn him about the potential impact.
He also said that when it comes to Mar-a-Lago and the hurricane, Mar-a-Lago is on its own.
“We are writing with an urgent request that you postpone all tariff rate increases on Chinese goods”.
We’re gonna need more “insurance” cuts.
The ECB will of course ease further in September, but the real question is…
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