The recent $USD curve flattening indicates that markets are in a late-cyclical mindset.
But what happens during the 6 months that precede a curve inversion in the US? See picture$NZD usually suffers a lot, while $JPY performs!
More in our FX weekly -> https://t.co/9IeHUvJYJl pic.twitter.com/cQTMWtfkVg
— Andreas Steno Larsen (@AndreasSteno) September 3, 2018
.@neelkashkari, has the third reflation attempt by the Fed failed? pic.twitter.com/NzJoD9FswC
— Alastair (@StockBoardAsset) September 2, 2018
Eurozone 🇪🇺slowdown.
Manufacturing at 21-month low.
IHS Markit index falls to 54.6 in August from 55.1 in July.
— Daniel Lacalle (@dlacalle_IA) September 3, 2018
#China’s caixin manufacturing PMI hit 14-month low dragged by contracting demandhttps://t.co/MYqyXb6xba
— YUAN TALKS (@YuanTalks) September 3, 2018
https://twitter.com/OccupyWisdom/status/1036401028915245056
Has the world reached the saturation point of debt? At 325% debt-to-GDP, at any normal int rate (3%), it means each 100%xGDP would cost 3%/yr xGDP just in interest alone. At 325%, it's 3+3+3+[.25×3%]= 10%xGDP hurdle rate on interest alone. GDP is growing 4%. The hole gets deeper pic.twitter.com/TxNJmayDyr
— M/1_LP (@MI_Investments) September 2, 2018
Fed's Household Balance Sheet (June 2018):
$34.6 trillion in non-financial assets
$81.7 trillion in financial assets
$15.6 trillion in total liabilities ($10 trillion of which is home mortgages)
$100 trillion in net worthhttps://t.co/sVw16fG4T8 pic.twitter.com/xQK44ld1PX— Trevor Noren (@trevornoren) September 2, 2018
How much the Fed cut rates during prior recessions. Consider where we are today….
chart: @GautiEggertsson pic.twitter.com/f6UM1O1hyK— M/1_LP (@MI_Investments) September 3, 2018
Recession? $spx pic.twitter.com/v40EmbKUux
— Álvaro Oviedo (@alvoviedo) September 3, 2018
(volatility) S&P 500 Index posts calmest Aug in 50y, chart @ManusCranny live @BloombergTV https://t.co/Avj7BEc29V pic.twitter.com/4uy3Tt57D1
— ACEMAXX ANALYTICS (@acemaxx) September 3, 2018
David Stockman: When Next Recession Hits, ‘We’ll Be Borrowing $2 Trillio…
https://twitter.com/OccupyWisdom/status/1036489266602430464