Dollar Dumps – Erases Week’s Gains As Yuan, Lira, Ruble Rally

While the dollar remains close to cycle highs, it has given up all the week’s gains today after China trade headlines overnight and Turkish FinMin confidence-inspiring conference call confirms to investors that the world is ‘fixed’ again… Dow futures are back to last Thursday’s closing…

The US-Tax-Reform Sugar-Rush Is Coming To An End

Authored by Christopher Wood via Grizzle.com, The base case here remains that the 2Q18 US GDP will mark the peak of growth in this cycle on the ‘sugar rush’ of Donald Trump’s tax reform. Still, the latest US GDP data was impressive. Consumption was strong…

Italy Gives ECB An Ultimatum: “Guarantee” Bond Spreads Or “Euro Will Be Dismantled”

While the world remains focused on ground zero of the latest emerging markets crisis, Turkey, and whether contagion from its plunging currency will further pressure global assets, a new – well old – threat has emerged. In an unexpectedly sharp attack on the ECB, in…

A Failure to Launch? Kansas’ Republican Gubernatorial Contest and the History of Incumbent Governor Primary Performance

The Kansas Republican primary for governor remains too close to call. As of Wednesday afternoon, Gov. Jeff Colyer (R-KS) trailed Kansas Secretary of State Kris Kobach (R) 40.6%-40.5% — a raw margin of just 191 votes — but thousands of provisional ballots still have to…

US Military Plane Leaves North Korea With Remains Of Korean War Soldiers

A U.S. military plane left North Korea on Thursday carrying the remains of U.S. troops killed during the 1950-1953 Korean War, Yonhap reported and the White House confirmed. The repatriation takes place on the day when the two Koreas and the United States mark the…

“This Is Market Shock #1”, Or Why The Fed Suddenly Has A Very Big Problem

Like most financial institutions, Deutsche Bank remains sanguine on the future: it expects the S&P to keep merrily rising toward 3,000, and its house view is that the Fed will stick to its indicated tightening path, raising rates twice more in 2018 and another 4…

Midterm Banter: Trump Turnout Effect, Approval at 43.1, Generic Ballot Stable – YouTube

Odd from NPR: http://archive.is/vhGqg Trump steady at just over 43: https://realclearpolitics.com/epolls/other/president_trump_job_approval-6179.html Generic Ballot remains steady but there is some early indication of possible movement away from the dems: https://realclearpolitics.com/epolls/other/2018_generic_congressional_vote-6185.html Support my work via donation: Patreon: https://www.patreon.com/Styxhexenhammer666 Makersupport: https://www.makersupport.com/Styxhexenhammer666 My literary works: Blogger: http://tarlwarwickbooks.blogspot.com/ Wordpress: https://tarlwarwick.wordpress.com/…

US Vs China – Is It ‘Art Of The Deal’ Or Economic Warfare?

Authored by Christopher Wood via Grizzle.com, While monetary tightening remains the main risk for global stock markets, the threat of a trade war continues to dominate the headlines… THE DONALD’S DEALMAKING The question raised by Donald Trump’s trade agenda with China remains, in essence, extremely…

37% Are Tuning In to This Year’s World Cup

The World Cup may be under way in Russia, but U.S. interest in soccer remains a mixed bag, with younger Americans more likely to watch than older Americans, and an overall decline in recognition of the event. A new Rasmussen Reports national telephone and online…