A decade ago, central bank intervention was thought to be temporary. Just need to fix the problems and we’ll be back to normal in no time. Then years passed and we still needed some stimulus but it’s ok, problems will be resolved soon. Then after literally 10 years of intervention, the markets not only expect more central bank easing, but require it to keep it alive. That’s a complete acknowledgement of failure. Game over.
Markets: Indexes, Bonds, Forex, Key Commodities, ETFs
2019-10-01_9-07-28.jpg (1280×701)
www.zerohedge.com/s3/files/inline-images/2019-10-01_9-07-28.jpg?itok=Lq5NlAp4
US manufacturing survey contracts to worst level in a decade
www.cnbc.com/2019/10/01/us-manufacturing-economy-contracts-to-worst-level-in-a-decade.html
20191001 Manufacturing PMI decline jws.1569942352092.png (600×500)
U.S. Factory Gauge Hits 10-Year Low as World Slowdown Widens
finance.yahoo.com/news/u-factory-gauge-sinks-10-140000670.html
After scary manufacturing drop, this is the number to watch Wednesday
www.cnbc.com/2019/10/01/after-scary-manufacturing-drop-this-is-the-number-to-watch-wednesday.html
Repo and Reverse Repo Operations – Federal Reserve Bank of New York
GM lays off 6,000 additional workers in Mexico due to UAW strike
www.cnbc.com/2019/10/01/gm-lays-off-6000-workers-in-mexico-due-to-uaw-strike.html
2019-10-01_1.png (512×329)
www.zerohedge.com/s3/files/inline-images/2019-10-01_1.png?itok=ph7h1b4g
2019-10-01_06-35-10.png (732×603)
www.zerohedge.com/s3/files/inline-images/2019-10-01_06-35-10.png?itok=77zUV84t
2019-10-01_06-33-12.png (722×500)
www.zerohedge.com/s3/files/inline-images/2019-10-01_06-33-12.png?itok=fNOHbBoy
2019-10-01_06-37-19.png (713×510)
www.zerohedge.com/s3/files/inline-images/2019-10-01_06-37-19.png?itok=vflzlKEN
Southern California Gas Prices Soar Past $4 Per Gallon – CBS Los Angeles
losangeles.cbslocal.com/2019/09/30/southern-california-los-angeles-4-dollar-gas/
bond pain.jpg (800×420)
www.zerohedge.com/s3/files/inline-images/bond%20pain.jpg?itok=1-neR0Cy
Japan’s Worst Bond Auction in Three Years Sparks Global Sell-Off – Video – BNN
Japan Bond Sell-off Sends A Stark Warning To Wall Street
E-Trade, Ameritrade, Interactive Brokers slammed as Schwab drops trading commissions – MarketWatch