A new study tracks the surge in Chinese loans to poor countries

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via economist: Loan talks with Belarus; funding for bridges in Liberia; a possible gas project in Timor-Leste; accusations of exploitation in Tanzania; a corporate dispute in India; pledges to support the Rwandan private sector. And that was just the past few weeks. Such is the frenetic pace of China’s overseas lending that its outstanding loans have risen … Read more

The OECD projects that the global economy will grow by 2.9% in 2019 and 3% in 2020 – the weakest annual growth rates since the Financial Crisis.

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The OECD projects that the global #economy will grow by 2.9% in 2019 and 3% in 2020 – the weakest annual growth rates since the #FinancialCrisis. Read more in our latest Interim #EconomicOutlook ➡️ https://t.co/QKixmz5XUi pic.twitter.com/pUgp1Y0SUj — OECD ➡️ Better Policies for Better Lives (@OECD) September 19, 2019  

GALLUP: Party Polarization at Record… Dems, Republicans Live in Different Worlds…

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Trump Job Approval 43%; Ties Party Polarization Record STORY HIGHLIGHTS Approval back above 40% after dipping to 39% in prior poll 86-point party gap in ratings ties highest in a single poll Only three presidents have registered 80+ point gaps WASHINGTON, D.C. — President Donald Trump’s job approval rating is 43% in the latest Gallup … Read more

Hundreds of Chinese goods exempted from Trump’s 25% tariffs

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https://www.politico.com/story/2019/09/19/hundreds-of-chinese-goods-exempted-from-trumps-tariffs-1753322 The Trump administration has excluded Christmas tree lights, a series of pet supplies, plastic drinking straws and hundreds of other products from a 25 percent duty President Donald Trump imposed on $250 billion worth of Chinese goods, according to three notices set to be published in the Federal Register on Friday.

Airbnb confirms plans to go public in 2020

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Airbnb has confirmed it plans to go public next year, ending a long period of speculation about when the disruptive accommodation platform would float on the stock exchange. The company, which was valued at $31bn in its most recent funding round, said on Wednesday it made more than $1bn in revenue in the second quarter … Read more

Forward Guidance Doesn’t Meet Reality

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via upfina: Even though in the few days leading up to the September Fed meeting, the CME Group FedWatch tool showed a declining chance of a rate cut (it fell to near 50%), the Fed did exactly what was expected by cutting rates on Wednesday. The CME Group tool was impacted by the selloff in the … Read more

A lot of people on here don’t seem to understand what a financial repo market is, or why it’s so important, so here’s an explainer

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via MUGATU:   Hedge Funds, Bank CEOs, etc own assets like bonds, etc but need cash in the near term to buy necessary things like boats, cars, mansions, 14 year olds, etc That business is so large that on a dollar basis it’s the most significant base of transactions in the United States. But sometimes … Read more

The End Of The Manufacturing Recession?

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via upfina: After the very weak ISM and Markit August manufacturing PMIs, it seemed clear the economy was destined for a terrible August industrial production report. That didn’t end up happening, although, manufacturing production was still down from last year. Some economists are saying the ISM report was way off because it asks firms how business … Read more

Things are so great the NY Fed is using tools it hasn’t used since 2008 for the 4th day in a row tomorrow. Buy stocks

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https://twitter.com/Hipster_Trader/status/1174764250272845824 fed will initiate quantitative easing tmrw for the 4th day pic.twitter.com/5xPnQbyl4l — Alastair (@StockBoardAsset) September 19, 2019 new saying on wall street is 'a repo a day keeps the bears away' — Alastair (@StockBoardAsset) September 19, 2019 Until the Fed does $400BN in QE – or POMO for the sensitive types – funding markets … Read more

Interest Rate Derivatives Trading Explodes to $6.5 Trillion/Day

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A gigantic spike in 3 years. The UK dominates. By Nick Corbishley, for WOLF STREET: The volume of over-the-counter (OTC) interest rate derivatives traded globally soared by 141% in three years to $6.5 trillion per day in April 2019, according to the Bank for International Settlements’ new Triennial Survey of Global Derivatives Markets. In the prior survey period, April 2016, $2.7 … Read more

Schiff: The Next Crash Will Bring Down The Fiat Money System

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Via SchiffGold.com, Peter Schiff appeared on RT Boom Bust on Tuesday (Sept. 17) to talk about interest rates, gold and the dollar. Peter said the fiat currency system may not survive the next recession. The conversation started focusing on the repo operations conducted by the Federal Reserve early in the week, Peter said the financial media and Wall Street are being … Read more

Your frontrunner, demorats: Biden vows tax credit will put “720 million” women back in the work force

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by DCG From Fox News: Former Vice President Joe Biden made another gaffe on Tuesday, this time suggesting that his child tax credit plan will put “720 million women” back into the workforce. Speaking at the Workers’ Presidential Summit in Philadelphia, the 2020 frontrunner mocked the idea of having a tax break for “a racehorse” and not … Read more

Repo Rates Jump to 10% Overnight(unprecedented)

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by NuttBoxer Fed is losing control. 2008 will look like a flesh wound compared to what’s coming. https://wallstreetonparade.com/2019/09/the-fed-intervened-in-overnight-lending-for-first-time-since-the-crash-why-it-matters-to-you/ https://www.cnbc.com/2019/09/18/fed-loses-control-of-its-own-interest-rate-on-day-of-big-decision-this-just-doesnt-look-good.html ​ Some background for people who don’t understand our economy. Whittle through all the bullshit and our fiat system consists of a confidence game. Dollars are only printed when bond sales of US Treasury notes occur. … Read more