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    In The Fed, We Trust?!
Oct 16, 2019 - 13:34:13 PDT
...currency, whether dollars, pounds, or wampum, are based on nothing more than Trust... hinges on decision makers who are people of character and integrity and willingness to do what is best for the nation, not the few...
    Bank Earnings Beat the Street
Oct 16, 2019 - 11:41:29 PDT
Bank executives warned that low interest rate's hit to net interest margin growth could hurt future earnings.
The U.S. economy was barely growing in some regions of the country, according to the Federal Reserve’s anecdotal report on business conditions collected in...
    GDPNow
Oct 16, 2019 - 10:23:40 PDT
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2019 is 1.8 percent on October 16, up from 1.7 percent on October 9. After this morning's retail trade reports...
The economy likely is growing at just a 1.5% pace in the third quarter, according to the Rapid Update tracker run by CNBC and Moody’s Analytics.
Most importantly, nothing about the current bond market is sustainable, Sooner or later, it’s going to crash...
Arancha Gonzalez, the Executive Director of the International Trade Centre, tells CNBC a tariff war between the EU and U.S. would particularly hurt small agricultural producers and manufacturing businesses.
As a sign of continued slowing global growth, essential dry commodities like iron ore and copper have been declining since April/May of 2019. The copper-gold ratio has shown a decline aft…
    QE4 Officially Begins
Oct 16, 2019 - 08:31:37 PDT
Fed's First T-Bill Purchase Is 4x Oversubscribed Amid Massive Liquidity Demand.
“Engineering a modest overshoot of our inflation objective better guarantees that we would actually meet our inflation target in the future,” Evans said.
Additionally, over 216 tons of gold have been sent to London via EFP transfers in the first 11 trading days of October. Harvey explains...
Gold prices climb Wednesday as investors watch global political news surrounding trade, Brexit and reacted to a weaker-than-expected reading of U.S. retail...
The national debt continues to spiral upward. It increased by another $1.2 trillion in fiscal year 2019. But Paul Krugman says it's not that big of a deal. He downplayed the national debt in a tweet, claiming emphatically that "DEBT IS MONEY WE OWE TO OURSELVES."
This encapsulates a common Keynesian argument. Debt can't really burden future generations. In the aggregate, Americans won't be any worse off. Paying the national debt merely shifts dollars from one American to another. While future taxpayers will be out some money, the American bondholders who receive the interest payments will end up with more money. When all is said and done, it's a wash.
...it has so far failed even if it managed to quietly implement QE4 under the guise of "fixing" the repo market... something it has clearly failed to do.
The International Monetary Fund heightened its warnings for the corporate debt market on Wednesday, as investors search for richer returns in riskier assets...
Avoiding a recession requires many factors to “stick to script” at the same time, says Mark Zandi, chief economist of Moody’s Analytics.
    Uncertainty Seen Persisting, Along with Fed's Divide
Oct 16, 2019 - 06:14:15 PDT
Weak inflation, including fresh data on Tuesday showing the three-year inflation outlook among U.S. consumers falling to its lowest level on record...
With the unemployment rate at a 50-year low, the hope is that the U.S. consumer will more than offset an otherwise faltering economy. Don’t bet on it.
    US Retail Sales Decline for the First Time in 7 Months
Oct 16, 2019 - 05:42:01 PDT
Retail sales dropped 0.3% last month as households cut back spending on motor vehicles, building materials, hobbies, and online purchases.
Euro zone inflation dropped to its slowest pace in nearly three years in September, more than previously estimated, the European Union statistics agency said on Wednesday.