“After 24 hours, China still unaware of calls mentioned by Trump” – doesn’t seem like the rest of the market cares tho

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Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.  China declined to confirm phone calls with the U.S. that President Donald Trump claimed happened over the weekend, during which Trump said China indicated it wanted to work toward a trade deal. https://www.bloomberg.com/news/articles/2019-08-27/after-24-hours-china-still-unaware-of-calls-mentioned-by-trump

10 year bond yields from around the world

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by NineteenEighty9 10-Year Government Bond Yields…Switzerland: -0.99%Germany: -0.70%Denmark: -0.66%Netherlands: -0.56%Austria: -0.44%Finland: -0.43%France: -0.41%Slovakia: -0.38%Belgium: -0.36%Sweden: -0.33%Japan: -0.27%Slovenia: -0.22%Ireland: -0.07%USA: 1.49% — The Market Ear (@themarketear) August 28, 2019    

Central Bankers Around The World Are Trying To Justify The Inane Logic Of Negative Rates

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Authored by Michael Lebowitz and Jack Scott via RealInvestmentAdvice.com, Over the past few decades, the central banks, including the Federal Reserve (Fed), have relied increasingly on interest rates to help modify economic growth. Interest rate management is their tool of choice because it can be effective and because central banks regulate the supply of money, which directly effects the … Read more

WeWork Is the Most Ridiculous IPO of 2019

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Pretty good article that sums up all of the problems related to WeWork (IPO expected in September). Here’s my tl;dr (although don’t quote me one it): Uses an 8.2% discount rate on it’s long-term lease obligations while IWG (it’s closest competitor) uses a 3.7% discount rate. Huge red flag as it effectively understates the liabilities … Read more

Mortgage Purchase Applications Back To 1998 Levels

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by confoundedinterest If you have recently applied for a mortgage refinancing given plunging mortgage rates, you may have noticed a delay in the underwriting. Why? US lenders are in the midst of a “refi wave” and some lenders are swamped with work, particularly underwriters. Mortgage applications decreased 6.2 percent from one week earlier, according to data … Read more

Jim O’Neill Warns the Us May Be Too Dependent on Consumers, Like in 2008

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via CNBC: The U.S. economy is becoming “riskily dependent” on the “overleveraged consumer,” warns economist Jim O’Neill. “It’s like, on some ways, like in 2008,” says the former chairman of Goldman Sachs Asset Management. In the second quarter, U.S. consumer debt rose 1.4%, or $192 billion, to new highs of nearly $13.9 trillion. The U.S. … Read more

The permabull clowns are doing everything possible to convince folks that this time is different

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We now have had three months of a 3-mo/10-yr yield curve inversion. The track record this has had in predicting recessions: 100%. — David Rosenberg (@EconguyRosie) August 27, 2019 "A deeper inversion is sending a stronger statement that a meaningful slowdown is coming," said Brian Rehling, co-head of global fixed-income strategy at Wells Fargo Investment. … Read more

What is the Government Hiding? The Dan Bongino Show

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17:20 starts Overstock CEO info. Maria’s lawyer asked govt to provide all info on case including whether or not Byrne was an informant. Govt put in writing that he wasn’t. They didn’t turn over Brady material. Exculpatory evidence….again. Byrne said in his interview that he handed Barr over texts/emails showing otherwise.   AC

The minimum wage in Venezuela is now under $4 a month.

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More than three months that the government increased the minimum wage since the wage is made with salt and water. Venezuelans are seeing their income vanish in the midst of an escalating inflationary unprecedented. Before that the wage instead of increasing it decreases your buying power and is that the salary of the venezuelan depreciated and fell to … Read more

YouTube Says It’s “More Important Than Ever” to Be An Open Platform — 1 Day After Massive Banning Spree

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via activistpost: CEO Susan Wojcicki said Tuesday that it’s “more important than ever” for YouTube to remain an “open platform” just one day after going on a massive banning spree targeting right-wingers for so-called “hate speech.” YouTube CEO @SusanWojcicki says it’s “more important than ever” to let people upload anything they want. That means the video platform … Read more

Boris Johnson to Jucker EU… No Deal Brexit if Backstops remain

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Nigel Farage offers no-deal Brexit election pact to Boris Johnson Nigel Farage has told Sky News his Brexit Party will stand down candidates against the Conservatives if Boris Johnson calls an election and backs a no-deal divorce with the EU. https://news.sky.com/story/nigel-farage-offers-no-deal-brexit-election-pact-to-boris-johnson-11795349     h/t Goneviral