More debt and less discipline is not the solution to a pre-existing condition characterized by the same. The price tag for failing to acknowledge and address that reality rises exponentially over time.
"Some economic or financial shock could hit us, from within the U.S. economy or from outside. If we are surprised by higher inflation than we currently expect, we might need to raise rates more aggressively. Some argue that gradual rate increases are better than waiting and having to move aggressively."
The dollar rebounded from a key support level, strengthening against all major peers, pushing S&P futures higher as European shares rose, led by basic resources and real estate, while Asian stocks fall. Gold fell from its highest level since November as demand for some haven assets ebbed while global bonds declined. Oil dipped, pressured by a stronger dollar.
If ever there was proof that 'hope' is not a strategy, it is the 2017 Q1 Fed Senior Loan Officer Survey. Despite soaring confidence, spiking optimism, and striking gains in financial assets, demand for loans (from credit cards to autos to residential and commercial) have all plunged in the last 3 months... and lending standards are expected to tighten.
As it turns 150 years old in 2017, Canada faces a surge in hate crimes amid growing nativist anger against Chinese migrants, Muslim refugees, and public officials for their alleged role in worsening the country’s socio-economic conditions, said community leaders and analysts.
French presidential candidate Francois Fillon apologized to the French people for having employed his famil, but said his wife’s salary was “perfectly justified” and that he has been the subject of unprecedented political attacks.
It is a relatively light week in the US, with mainly trade balance, JOLTS and consumer credit data out. The key economic release this week is University of Michigan consumer sentiment on Friday. In addition, there are a few scheduled speaking engagements from Fed officials this week. 86 S&P 500 companies reporting, representing 11% of the index market cap