Europe’s challenge to US hegemony, Iranian collapse, and weak figures out of Germany
Stories surrounding the US sanctions on Iran, German industrial production and the number of publicly-traded companies in the US
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Credit Writedowns daily, sanctions and tariff edition
Today's daily focuses on a single theme of the breakdown of globalization.
Weak services ISM causes angst about trade wars
Here's the ISM's presser. Pay close attention to the bolded parts though.
“The NMI® registered 55.7 percent, which is 3.4 percentage points lower than the June reading of 59.1 percent. This represents continued growth in the…
China to impose tariffs on $60 Billion of US goods, currency now suspected weapon as domestic…
Some thoughts on China's options as the trade war with the US escalates to an uncomfortable level
CW daily: Immigration driving populism in Europe, US jobs numbers, Tesla tapping Asian debt markets
The big topics in today's newsletter are immigration in Europe, US jobs numbers, Tesla's expansion plans, monetization of WhatsApp, and US consumer confidence
Central banks: Running out of ammunition in the next downturn
Quick post here. Earlier today, I sent out a note about the Bank of England's rate hike basically saying a large part of it was about the urge to normalize. When I wrote that I hadn't seen Gavyn Davies' most recent missive on central banks.…
The hidden message in Tesla’s earnings call
Investors loved Tesla's earnings report. But there was a hidden message in the earnings call about Tesla's future.
Government deficits as a source of corporate profits, US-China trade war impact on Germany, update…
Top stories on the persistence of the US economy, the impact of tariffs and the trade war and crisis in Turkey
The Bank of England’s decision to raise rates as akin to the ECB’s 2011 hike amid crisis
The timing of the BoE's rate hike decision is poor - almost on par with the ECB's summer of 2011 hike during the sovereign debt crisis.
Atlanta Fed GDPNow tracker at 5.0% for Q3
The Atlanta Fed's GDPNow tacker is already showing some pretty robust numbers for Q3 GDP growth.