The Chinese goalseek-o-tron appears out-of-order tonight, when moments ago Beijing reported that China's Q3 GDP rose just 6.0% YoY, below the 6.1% consensus had expected - and the lowest since 'modern' records began 27 years ago.
The motivation is simple: to sell the data of as many "traders" as possible to HFT shops, just so that the CEO of frontrunning giants such as Citadel, can buy even more $100+ million houses.
Aramco says it is due to the recent attack on its facilities, but is the company just hoping to put the bitter taste of the WeWork IPO fiasco as far away as possible?
The problem today is not that people are not “saving more money,” they are just spending less as weak wage growth, an inability to access additional leverage, and a need to maintain debt service restricts spending...
There is a growing national consensus that that U.S. economy is heading for big trouble, and this is causing a lot of people to cut back on spending...
What’s different now is the effects of the trade war are starting to creep into the U.S. macro picture -- and optimism over a deal may not be able to offset economic headwinds.
Why are banks so scared of lending money to each other - now that JPM's previously discussed reticence is also spreading to smaller banks - and choose to park their money with the Fed instead? What do they know that we don't.
