Greece’s problem is not the euro or austerity. It is a problem of a system that penalizes job creation and private enterprise to subsidize a monstruous bureaucracy and political spending...
"To the extent that a divided Congress scales back the legislative agenda, we would expect the Administration to become more, not less, active in areas like trade policy."
What used to be a node of political stability and investor comfort is now a tool of chaos and abuse. And abusing your customers is never a winning business model in the long run...
As lenders stretch to find ways to lend more money and boost interest income in a time of rising funding costs, and as borrowers continue to overextend themselves, risky unsecured personal loans are soaring in popularity.
"I find it amusing to read some analysts stating that the Chinese government’s stealth yuan devaluation has offset the impact of tariffs. A 10% tariff hurts a small part of the economy. However, a 10% devaluation hurts all Chinese citizens equally and massively."
President Trump told Italian Prime Minister Giuseppe Conte that the U.S. is willing to help the country by buying government bonds next year as Italy seeks to refinance its debt.
The QI long-term macro factor sensitivity model for SPX is showing three signs that U.S. Equities are becoming concerned about excessive Fed tightening, in-line with my “QE to QT” thesis:
Step aside Powell: what may be the most important news for the dollar today came not from Jackson Hole but from Beijing, which announced that it would resume use of the "counter-cyclical factor" in the CNY midpoint fixing mechanism.
The market's focus for today and into Saturday will turn back to monetary policy with the Fed’s annual Jackson Hole symposium due to kick off today and continue into the weekend.
In a quiet overnight session, the dollar dropped set for its biggest weekly decline since March as traders prepared for a keynote speech by Fed chair Jerome Powell. Global stocks rose despite disappointment from the latest US-China trade talks as Beijing again intervened to prop up markets.
not only are no further talks scheduled at this point but the Chinese officials have reportedly raised the possibility that no further negotiations could happen until after November’s mid-term elections in the U.S.
"When Rudolf Hess said that he had come to England to save humanity, might he have been talking about the lesser evil domination the British Empire and Germany would’ve kept over the world, compared to the totalitarian American Big Brother that is now our reality?"
