This contradictory fiscal and monetary policy is undermining Germany’s banking system, and possibly the entire European economy. Germany’s yield curve is negative all the way out to 30 years...
If Tesla moves forward with their price hike, it would be the first case of a planned price adjustment by an importer since China's decisive (in)action on the Yuan earlier this week...
More and more Americans are getting themselves into so much debt that it becomes impossible to pay back their loans. In the month of July, there was a 5% increase in the number of bankruptcies filed in the United States.
"If the US escalates the tariff fight further (i.e. 25% tariffs on the remaining $300bn of Chinese imports) or takes other additional measures against China, it would not be inconceivable for USD-CNY to rise to 7.50 or 7.70."
Financial markets are raising risks of recession. Equities continue to slide and volatility has spiked, but the alarm bell is loudest in rates markets, where the yield curve inverted the most since just before the start of the financial crisis.
Jon Corzine, the former CEO of Goldman (and New Jersey) and the man who singlehandedly brought down trading powerhouse MF Global with a few Italian bonds is back, baby... with a few conditions.
Globally coordinated monetary policy is morphing into globally competitive monetary policy. This may be the most significant Macro development since the Plaza Accord in 1985...