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- smctrader commented Jun 6, 2019
I think this is the real headline story out of the release: "3) Regarding the modalities of the new series of quarterly targeted longer-term refinancing operations (TLTRO III), the Governing Council decided that the interest rate in each operation ...
European Central Bank holds interest rates amid calls for fresh monetary support
- smctrader commented Jun 6, 2019
"We have DOMESTIC SUSTAINABILITY" The US is running trillion dollar annual deficits (5% of GDP)....strip that out and US economic growth would be negative y-o-y. Doesn't seem so sustainable to me. Also, half of all S&P500 revenue comes from sales in ...
New U.S.–Mexico Tariffs Would Add to Economic Costs
- smctrader commented Jun 5, 2019
Market 3% off all-time highs and unemployment at 40 year lows.......gotta cut rates!! The pain is too much!!
US nonfarm payrolls eyed as market pressure grows on Fed to cut rates
- smctrader commented Jun 5, 2019
Just threaten nuclear attack....it is the only message that Trump will understand.
China, Russia urged to continue efforts to defang US-dollar sanctions weapon
- smctrader commented Jun 5, 2019
You do realize that most of those "refugees" you speak of are the result of the US and friends deciding to blow up Iraq, Syria and Libya, right?
EU Triggers Disciplinary Process Against Italy Over Public Debt
- smctrader commented Jun 5, 2019
Wow. Maybe the US economy really is grinding to a halt.
Private Sector Employment Increased by 27,000 Jobs in May
- smctrader commented Jun 5, 2019
Unemployment at 40 year lows.....stock market 5% off all time highs. Time to cut rates. The Fed has become a joke.
Risk Returns As 'Powell Put' Back In Play
- smctrader commented Jun 4, 2019
Trust me, you don't want to do deals with us....before you know it you will have United Healthcare charging you $500 a month with $5000 deductibles for basic medical care, and will be buying tanks that you have no use for.
US Pres Trump: I Think We’ll Have A Very Substantial Trade Deal With The UK
- smctrader commented Jun 4, 2019
Jerome Powell was a man of principle and an "out of the box thinker" type before becoming the Fed Chair. Took about 6 weeks for that to all go away. I'm sure Ms. Shelton will be no different.....you know, $4 million dollar a year consulting jobs at ...
Trump's rumored Fed pick is poking an uncomfortable truth about our monetary system
- smctrader commented Jun 4, 2019
Before the ink is dry on the "trade deal" Trump will be reneging and hurling insults against the UK via twitter.
US Pres Trump: I Think We’ll Have A Very Substantial Trade Deal With The UK
- smctrader commented Jun 3, 2019
That'll show Mexico and China not to mess with us!
US PMI drops to lowest since September 2009
- smctrader commented Jun 3, 2019
US is running trillion dollar annual deficits. Taking in "billions in tariffs" is a rounding error.
China is subsidizing its product in order that it can continue to be sold in the USA
- smctrader commented Jun 3, 2019
No, no, no...ignore the crumbling data and listen to Boris, Farage and Trump.....Brexit will be wonderful.
UK Manufacturing PMI signals contraction as new orders fall and stockpiling activity pauses
- smctrader commented May 31, 2019
You are giving this guy way too much credit.........crashing the economy just to ramp it up again via QE would be a disastrous strategy, and may not work. People seem to forget that in the crashes of 2000 and 2008, the Fed cut interest rates by -4% ...
Trump says U.S. will begin raising tariff beyond 5% on July 1 and will continue until reaching...
- smctrader commented May 30, 2019
"China moves closer to Russia amidst trade war with US" Well this is completely rational....over the next 10 years we will see much closer alliances between EU/China/Russia/Middle East.
China Puts U.S. Soy Purchases on Hold as Tariff War Escalates
- smctrader commented May 30, 2019
Trump should have taken a unilateral approach and confronted China (and Huawai) with the support of the G7....instead he started a trade war against the G7 and against China at the same time, and really isolated America in the process. The ...
China Puts U.S. Soy Purchases on Hold as Tariff War Escalates
- smctrader commented May 29, 2019
Zerohedge doom porn 24/7....one day they will be right about something.
Stocks Slammed As Credit Cracks, Retail Routed, Yield Curve Craters
- smctrader commented May 28, 2019
There is plenty of inflation - govt bond prices, stock markets, collectible art, real-estate, etc. Start paying the bottom 95% of the population a livable wage and inflation will return.
US Inflation May Be Negative In Digital Era
- smctrader commented May 28, 2019
Can't have 6% y-o-y home price growth infinitely if wages are only growing at 2% per year and mortgage rates are not falling. Now that the Chinese buyers will likely be leaving the US market it should create further downward pressure on home prices ...
S&P Corelogic Case-Shiller Index shows annual home price gains continue to weaken