The next time you read that China needs a stimulus, remember… China is slowing down WITH a monster stimulus

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China is slowing down WITH a monster stimulus Cartoon of the Day: Misplaced Fear #China $FXI #EmergingMarkets #GrowthSlowing $EEM https://app.hedgeye.com/insights/68864-cartoon-of-the-day-misplaced-fear … Emerging Market Currencies Are Not Suffering Due To Foreign Evil Forces… Evil Monetary Imbalances Built Year After Year, Rather. Politicians repeated over and over that “there is no risk”. There was.  

Inflation accelerating…. large cap panic bids — small caps negatively diverging

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large cap panic bids — small caps negatively diverging Small Caps & WTI Synchronized Decline! Small Caps Warning Inflation Accelerating? Yup. ▪CPI (June): 2.9% = fastest pace since January 2012 ▪PPI (June): 3.4% = fastest pace since November 2011 Check out the #CPI for laundry equipment courtesy of #tariffs earlier this year @PantheonMacro @SoberLook

26.4 BPS and Falling: The Countdown to Yield Curve Inversion and Recession

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via confoundedinterest: It is difficult to predict how the trade scuffles between the US, China and Europe will play out. But what we do know is that the US Treasury 10Y-2Y slope continues flattening, now down to 26.4 basis points. Meanwhile, net shorts in 10-year Treasury futures positions hit record levels. Net short positions on the 10-year … Read more

Ivory Tower Alert: Former Fed Chair Yellen “Puzzled” Why Millennials Don’t Own Homes

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via hedgeye: Last week we posted a snippet from Rob Chrisman’s housing finance blog about former Fed Chair Janet’s Yellen being “puzzled” due to the lack of home ownership by Millennials. The ensuing reaction was an order of magnitude above our normal level of discourse, leading us to think that there is a raw nerve among Americans … Read more

Tech and Sun Belt Dominate

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By Harry Dent Many studies focus on whole states for GDP and job growth, but I prefer looking at the cities people actually live in, which can be quite different from other parts of states. That’s where it really happens. Here’s a ranking of the top 15 cities for job growth over the last year. … Read more

Uber and Uber Eats to Accept Venmo for Payments

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Two popular mobile services are moving closer together. Ride hailing service Uber said on Thursday that it was adding an option in its apps for customers to pay directly with PayPal’s Venmo service. The feature rolling out in coming weeks will allow users to pay for food in the Uber Eats app and for rides … Read more

We don’t see any bubbles (’00, ’07,’18)…the Fed is not the cause of inequality….we don’t manipulate markets ($15T glbl QE+0% rates)…inflation is too low!

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“We don’t see any bubbles (’00, ’07,’18)…It will all trickle down…. QE1 is working, no QE2 is working…no, surely QE3 will work…the Fed is not the cause of inequality….we don’t manipulate markets ($15T glbl QE+0% rates)…inflation is too low!” H/T: @OccupyWisdom chart David Rosenberg: I’m accused of ‘confirmation’ bias and yet last I saw, the … Read more

The Supreme Court is much too powerful

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From Ryan McMaken at Mises Wire: The current frenzy over the vacancy on the Supreme Court in the wake of Justice Kennedy’s retirement highlights just how much power has been centralized in the hands of a small number of people in Washington, DC. The left has grown positively hysterical over the thought of yet another Trump-appointed … Read more

After US, UK, France Bomb Syria. OPCW Report Contradicts Claims of “Irrefutable Proof” of Chemical Weapons

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So, quite plainly, the decision to bomb Syrian government facilities, research facilities, and civilians in Syria was made on the basis of something that never actually took place. This article argues that without a doubt the lowest moment of Trump’s presidency so far was the inexcusable decision to bomb a sovereign nation (AGAIN!!) over faulty … Read more