3 Months After ‘Harvey’ – Boom Narrative Goes Bust

Authored by Jeffrey Snider via Alhambra Investment Partners, If indeed this inflation hysteria has passed, its peak was surely late January. Even the stock market liquidations that showed up at that time were classified under that narrative. The economy was so good, it was bad;…

EURUSD Gives Up Draghi Gains On “Protectionism” Concerns, Inflation Forecast Cut

ECB has unveiled its growth and inflation forecasts (modestly raising 2018 growth while cutting 2019 inflation expectations): ECB GDP Projections: 2018: 2.4% (Prev. 2.3%), 2019: 1.9% (Prev. 1.9%), 2020: 1.7% (Prev. 1.7%) ECB Inflation Projections: 2018: 1.4% (Prev. 1.4%), 2019: 1.4% (Prev. 1.5%), 2020: 1.7%…