Read Elizabeth Warren’s New ‘Gradual Implementation’ Plan For Medicare For All
Now there’s a timeframe for “adjustment”.
Now there’s a timeframe for “adjustment”.
“The federal government has largely failed”.
“A whole new level of monetary debauchery”.
“You probably would not have to use it most of the time”.
Suffice to say the Fed is operating under duress – and on multiple fronts.
Don’t forget the nuance, though.
Hunker down.
“They are trying, and succeeding, in depreciating the Euro”.
That, the bank marveled, “is a 6 standard deviation move”.
“Trump’s disastrous trade war, which he claims was designed to save American jobs, has done just the opposite”.
Haruhiko Kuroda has a yen problem and it just got materially worse.
Or, at least, gray rhinos.
This is becoming a “sum of all fears” scenario.
So much for the summer “lull”.
The BoJ did what they could do on Tuesday – which was nothing.
The risk is “a series of competitive interventions by global central banks”.
Trial by fire.
The sheer amount of ground Trump covered on Friday is astonishing.
“I expect unlimited unilateral FX intervention”.
“Last but by no means least”…
“Tariffs only have a positive impact on the US”.Â
Markets are ostensibly free to focus on the “fundamentals” again.Â
“Expect the dollar to fall bigly”.
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