The stimulating effect of rate cuts is not just how much the Fed cuts, but also how soon they do them. There are reasons left to be cautious in cutting rates, but saving ammunition isn’t one of them.
"...underestimated the abilities of the ruling class to take outrageously reckless steps to retain their power and manipulate the masses into believing extreme abnormalcy was actually normal..."
Major inflection points in consumer spending intentions have been a clear leading indicator to what awaits the US unemployment rate, and according to the latest data, Unemployment is set to spike to 5% in the coming months.
The Fed adamantly denies it started QE4, but it is actually worse. It is QE4ever now, Baby! Same size. Same reasons. But now monetizing the US debt forever.
"We fully expect Friday to mark the near-term highs and the next few weeks/month to resemble what we saw last December, albeit less dramatic given the lower interest rates and easier monetary policy that now prevails."
Natural gas is top of Platt's editors’ picks of unfolding commodity trends this week, with Europe’s market responding to oversupply and solid US production giving rise to ample storage...
"...the introduction of 'global stablecoins' could pose a host of challenges to the regulatory community, not least because they have the potential to become systemically important... include challenges for financial stability"
