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[Yahoo/Bloomberg] Stocks Steady; China Stocks Soar on Stimulus: Markets Wrap [Reuters] Asia stocks hit 2-1/2-year high on China’s stimulus measures [Yahoo/Bloomberg] China’s 10-Year Bond Yield Falls to 2% for First Time on Record [Reuters] French borrowing costs rise above Spain’s for first time since 2008 [Yahoo/Bloomberg] US Debt Dynamics ‘Inconsistent With a Aaa Rating,’ Moody’s […]
For the sake of argument, let’s assume the Democrats are correct about Donald J. Trump. This author does not accept their argument, but let’s go with it to see where it leads. Trump is the apotheosis of evil. He wants to destroy democracy. He wants to destroy the Constitution and rule as a despot. Biden […]
[Yahoo/Bloomberg] Stocks Fluctuate Before Fed Speakers: Markets Wrap [Yahoo/Bloomberg] Gold Trades Near Record Before US Data That May Offer Fed Clues [Yahoo/Bloomberg] Oil Steadies After Notching Biggest Weekly Advance Since April [CNN Live Updates] Israel strikes Hezbollah targets as conflict intensifies [AP] Lebanon sees deadliest day in nearly a year of fighting as officials say […]
[Reuters] Hezbollah, Israel exchange heavy fire amid fear of widening conflict [AP] Hezbollah hits back with more than 100 rockets across a wider and deeper area of Israel [CNN Live Updates] The latest on Israel’s attacks against Hezbollah in Lebanon [Yahoo Finance] Fed’s preferred inflation gauge and second quarter GDP: What to know this week […]
Something is Rotten in the State of Denmark This week was all about the Federal Reserve FOMC decision to initiate the new rate cutting cycle with an aggressive 50 basis point jumbo cut. Historically, such aggressive cuts (25 basis points is the standard) have been reserved solely for widely acknowledged crises, recessions, and panics. This […]
[CNN Live Updates] The latest on Israel’s attacks against Hezbollah in Lebanon [Reuters] Israeli strike on Beirut on Friday killed 31, Lebanese ministry says [AP] The US is more hands-off than usual in the Middle East. It fears making things worse [Yahoo/Bloomberg] Charting the Global Economy: Fed Goes for Big Rate Cut as BOE Holds […]
This period will be analyzed for decades, if not generations. For posterity, it’s worth noting that the Fed chose to slash rates 50 bps this week, with the Atlanta Fed GDPNow (Q3) forecast at 2.93%, and August Core CPI up 3.2% y-o-y – after Q2 Non-Financial Debt grew at a seasonally-adjusted and annualized rate of […]
[Yahoo/Bloomberg] Stocks Falter as Euphoria Over Fed Rate Cut Fades: Markets Wrap [Yahoo/Bloomberg] Yen Weakens as Ueda Indicates BOJ Isn’t in Hurry to Hike Rates [AP] Brazil drought punishes coffee farms and threatens to push prices even higher [Reuters] Morning Bid: Taking stock after Fed glow, Japan/China hold [Reuters] Israel and Hezbollah trade fire after […]
