While funding costs are declining, they are failing to stimulate investment and durable good demand, due to a reluctance to make longer-term commitments amid the current uncertainty
Durables and long cycle capex have been at the centre of the weakness pic.twitter.com/riEDWzydJm
— 𝕮𝖍𝖎 🛢️ (@chigrl) October 28, 2019
As financial conditions ease, capex fails to respond
Global Fixed Investment Growth v FCI pic.twitter.com/RZ4vNIMY9a
— 𝕮𝖍𝖎 🛢️ (@chigrl) October 28, 2019
Doug Noland on the legacy of central bank interventions and the bubbles they inflated:
👉t.co/1hiXnVEf4U pic.twitter.com/SDGzgK6JiM
— M/I_Investments (@MI_Investments) October 28, 2019
The outflow from U.S. equity funds this year has been the biggest since 2008 relative to the flood of money into cash and bonds: GS t.co/HGfohqJZun
— Lisa Abramowicz (@lisaabramowicz1) October 28, 2019
Stocks are at all-time highs pic.twitter.com/GouhqAfwvZ
— Hipster (@Hipster_Trader) October 28, 2019
Could Modern Monetary Theory (MMT) Actually Save Us?: Peak Prosperity
The problem is we’re misallocating capital, resources and labor on a vast scale. That’s the problem. Adding more currency and capacity/”growth” via programs like MMT doesn’t fix this problem; it actually makes it worse.
Why the U.S. Economy’s Bumpy Ride Is About to Get Bumpier
The U.S. economy has hit a lot of bumps in the road lately and the way forward is unlikely to get any smoother.
Wholesale Inventories Tumble In September, Confirm GDP Growth Slowdown
This reversal mimics the hangover after 2013/2014’s inventory-stacking surge…
U.S. Repo Market Tracker
Repo Rates: Rates stabilize as average daily intervention inches up to $84bn during the week. Fed recalibrates intervention: daily up to $120bn from $75bn and term up to $45bn from $35bn.
Fed to Cut Rates Again, But What Comes After That?: Economy Week
Federal Reserve Chairman Jerome Powell is expected to deliver the third straight U.S. interest rate cut this week – but the real news will be if he signals the end…
US wholesale inventories for September (P) -0.3% versus 0.3% estimate