Today's topics include central banks seeking government assistance with economic recovery, monetary policy, banks begin Q2 earning season, Wells Fargo is worried about the bond market, the cost of the trade war, the U.S. shale boom may be ending, more on the Phillips Curve being dead and another non-PhD considered for the Fed.
The Fed finally admitted what has been evident for decades. Their theory to unify the dual mandate of high employment and low inflation no longer works.
Q2 1019 earnings reporting season is underway. Q2 growth is expected to be negative, while Q3 forecasts have also turned negative. Revenue growth does not look much better.
Today's topics include the war on currency manipulators, Chinese GDP growth feels the bite of the trade war, smart money, FOMC independence, Judy Shelton, bipartisan support for lower rates, the looming debt ceiling, experimenting with negative rates, growth stocks outperform value stocks and negative rates reach European junk bonds.
A replay of our July 12, 2019 conference call.
The cost of shelter has risen at a rapid pace over the past several months.
Join us for our conference call on today at 9 AM CT.
Today's topics include the poor 30-year Treasury auction, the Federal Reserve and the 30-year Treasury bond, the fed fund futures forward curve, Jim Grant speaks, takeaways from Powell's testimony, the Baltic dry index, more on negative yielding bonds, the dollar, investment banks vs automation, the stock market vs economic fears and Trump's opinion on cryptos.
Powell's dovish comments yesterday set the stage for a cut later this month.