Real estate

Kevin Warsh Fed Chair Odds Soar After WSJ Report Of Trump Meeting

Kevin Warsh's PredictIt odds to be the next Fed chair soared moments ago after the WSJ reported that President Trump and Treasury Secretary Steven Mnuchin met with the former Fed governor on Thursday to discuss his potential nomination as the next Federal Reserve chairman.

The Global Housing Bubble Is Biggest In These Cities

"Expectations tend to be prone to exaggerations in boom phases. The optimistic projections of the trends outlined above create ever-greater price fantasies. However, should sentiment change or interest rates increase, a correction is practically inevitable. In the past, rising interest rates almost always triggered a crash in housing markets."

Frontrunning: September 28

  • GOP Tax Proposal Expected to Benefit Wall Street Firms (WSJ)
  • Trump’s Tax Cuts May Produce Short Job-Growth ‘Sugar High’ (BBG)
  • Playboy founder Hugh Hefner dies at age 91 (Reuters)
  • Mountains of Aid Languish on Docks in Stricken San Juan (BBG)
  • Janet Yellen Can’t Help Retirees (BBG)

Global Bond Rout Accelerates Even As Dollar Rally Fizzles

In a continuation of trading patterns observed over the previous two days, on Thursday the global bond rout deepened in the aftermath of the release of President Trump’s tax-cut plan, Janet Yellen's recent hawkish comments and renewed optimism over the health of the U.S. economy.

The “Trump Tax Plan” - Details & Analysis

Trump's "historic" tax bill, as proposed today, will likely look very different by the time it is actually voted on. However, as is always the case, the “devil is in the details." Here are the notable highlights...

This Chart Defines The 21st Century Economy

"Policy tweaks such as tax reform are mere public relations ploys. The cancer eating away at our economy and society arises from the Federal Reserve and the structure of our financial system, and the the degradation of our representative democracy into a pay-to-play auction to the highest bidder."

Dollar Surges, Bonds Dump Ahead Of Trump Tax Plan

S&P futures are set for a higher open (+ 0.1%) despite the expected hit to the Dow from Nike, as European stocks gain while Asian shares dropped. Like yesterday when the big story was the jump in the USD ahead of Yellen's (rather hawkish) speech, so today the greenback's levitation has continued, this time propelled by the imminent unveiling of Trump's tax plan.

Euro Tumbles Ahead Of Yellen, Macron Speeches As Stocks Shake Off Korean Crisis

S&P futures are flat after Monday’s tech-driven drop and as tensions with North Korea are once again put on the backburner; Asian stocks are modestly lower while Europe has shaken off the Korean crisis and is in the green on the back of a sharp drop in the EURUSD which has tumbled below 1.18 as the USD rises ahead of much anticipated speeches by the Fed Chair and the French president.