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- smctrader commented Jun 12, 2019
US interest rates should be 11% rate now based on these skyrocketing deficits.
Monthly Treasury Statement
- smctrader commented Jun 12, 2019
He also said the next round of tariffs on Chinese goods will likely tip the US into a recession.
Paul Tudor Jones says Fed rate cuts are coming and this is what investors should do
- smctrader commented Jun 12, 2019
You guys are nuts....there is no trade deal coming between US and China. None.
Trump: Will put tariffs on $325B of China goods if no deal
- smctrader commented Jun 12, 2019
Latest polls have Biden +12 vs Trump for 2020 election.....If I'm China I'd just wait and see what happens in the 2020 election. Bad US economy would help them get rid of a big headache in Trump.
Trump: Will put tariffs on $325B of China goods if no deal
- smctrader commented Jun 12, 2019
Things are going to get VERY ugly with the Brexiteers now in charge.
Brexit: UK lawmakers reject motion to prevent a no deal Brexit
- smctrader commented Jun 12, 2019
Nothing surprising about it....US is still producing 1.4 million barrels per day more today than at this time last year....need to see some of these E&P operators go bankrupt so production can drop and equilibrium can be restored.
Weekly Crude Inventory Data Shows Surprise Build of 2.2 Million Barrels
- smctrader commented Jun 12, 2019
".....led by a surge in refinancing activity." Ah yes, 2006 all over again. This ought to end well.
U.S. mortgage applications jump to highest since September 2016: MBA
- smctrader commented Jun 12, 2019
Ex-energy, the Fed is at it's 2.0% inflation target. 1.8% with energy included. Full employment, and very close to inflation target = no reason to cut rates.
Consumer price index – May 2019
- smctrader commented Jun 12, 2019
Goldman Sachs says the Fed won’t cut rates this year url
Soft inflation data on Wednesday could spark more speculation for a Fed rate cut soon
- smctrader commented Jun 12, 2019
This could be huge: WSJ: "Chinese Cash That Powered Silicon Valley Is Suddenly Toxic" url
Anxiety Ticks Up, Risks Pared
- smctrader commented Jun 11, 2019
EU doesn't want to eat US GMO-laden garbage foodstuffs.
Juncker reiterates EU excluding agriculture from trade talks with the US
- smctrader commented Jun 11, 2019
"biggest part of deal with Mexico has not yet been revealed" is Trump trying to put fear in China to come to the table quickly and make a trade deal or else lose US manufacturing business to Mexico.
Biggest part of deal with Mexico has not yet been revealed!
- smctrader commented Jun 10, 2019
This new UK data is simply dismal: "Production output fell by 2.7% between March 2019 and April 2019; the manufacturing sector provided the largest downward contribution, falling by 3.9%, its largest fall since June 2002 and the impact of Golden ...
Index of Production, UK: April 2019
- smctrader commented Jun 7, 2019
Are we having fun yet?
White House moving ahead with Mexican tariff plan, Short says
- smctrader commented Jun 7, 2019
Headline released 5 minutes after dismal payrolls number......stock markets are nothing more than a government controlled utility at this point.
U.S. gives some China products more time to avoid tariff hike
- smctrader commented Jun 6, 2019
Euro is still a very cheap currency....I'm an American living in Europe, and grocery costs are definitely much better value here than the US thanks to the Euro weakness...just my experience.
European Central Bank holds interest rates amid calls for fresh monetary support
- smctrader commented Jun 6, 2019
Draghi speaking in 15 mins
European Central Bank holds interest rates amid calls for fresh monetary support