Links: Trump enraged at Mueller investigation
I have a lot of links on the Trump investigation. The key factor: while the Cohen warrant is Stormy Daniels related, it opens the whole Trump Organization to discovery.
Author
7783 posts 575 comments
Countercyclical capital buffers as the Fed’s third tightening channel
Last week, Lael Brainard gave an important speech on financial stability. In effect, she said the Fed is likely to require increased capital buffers in the future. The key to if and when is in how large mitigating factors are in keeping…
Links: 2018-04-09
Links on 'The Art of the Deal', Flint, Michigan, subprime auto, Facebook and more
Links: 2018-04-08
Links on journalism, trade policy, subprime auto, Amazon, the Fed and much more
China cannot use its Treasury holdings as leverage. Here’s why
When China builds a trade surplus, it accumulates dollars. And it has to do something with those dollars. That means its purchase of US dollar assets is non-discretionary unless it revalues its currency.
Links: 2018-04-07
Links on trade, Eastern European democracy, when cops become robbers, the coming hurricane season and much more
Weak jobs report puts a dampener on the Fed’s increasingly hawkish policy stance
Lingering concerns about long-term unemployment notwithstanding, inflation has taken center stage. The most recent jobs report, while weak, does little to diminish the Fed's view that rates need to move higher.
Inflation is building and the Fed will react: DiMartino Booth
Former Fed insider Daielle DiMartino Booth knows the Fed will be out of bullets at the next recession. Even so, its Chairman Jay Powell is now desperately trying to create as much runway as possible.
Jobless claims up to 242,000, expectations are still for 4.0% unemployment
The US Department of Labor released poor data for jobless claims this week. The number of initial claims for unemployment insurance jumped to 242,000. This is the last piece of data to come out before the jobs report.