"We think it is now clear that Congress will not attach additional fiscal stimulus to the continuing resolution.... We are lowering our Q4 GDP growth forecast from 6% to 3% on a quarterly annualized basis."
The trick is surviving and staying afloat: to avoid being caught on the lee shores of default, to be drawn onto the rocks by the siren-songs of the mer-unicorns, or to be left high and dry on the sandbars of bursting bubbles...
"legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments."
The fact that leftist states are poised to institute punishments or disincentives for leaving (which is unconstitutional, by the way), shows just how bad the migration has become for them...
Managing editor, Ed Harrison, joins Dave Floyd, founder of Aspen Trading, to review and analyze today’s price action. Ed and Dave first discuss the continuing…
The closing of the junk bond issuance window takes place just as HY gross issuance was $321 billion and about to break its all-time full-year issuance record of $322 billion set in 2012.
"There’re taxes which will slow down growth, like taxes on capital formation, or labor; and there’re taxes which will not affect growth like taxes on, you know, well-to-do people like me..."
"...the imminent wealth destruction will soon reveal to investors that their assets are only worth a fraction of the imaginary value they have today..."
"We not only expect a large move in the week following the results, but also some follow-through as well, with a cumulative 30-40bp increase 10y yields over the subsequent month." - Goldman
