Tonight, the US Senate passed the "must-pass" $707.7b defense policy bill for FY19 - that includes the provision that would reimpose penalties on ZTE - creating a standoff with the White House, which had planned to 'fix' the provision in negotiations.
After yesterday's surprisingly contained session, in which the priced-in Singapore summit made little impact on markets, so far in today's pre-FOMC session we have seen contained markets with little to note.
Lenders are extending longer loan terms that are more prone to default, to consumers who are taking on the most debt since the "recovery" started. Don't worry - it's not "sub-prime", it's "near prime".
...with many believing that peace is just around the corner, the DMZ is experiencing a run on property, with a property agent in Munsan near the border who noted that even properties “riddled with landmines” had risen 100 percent...