Supposedly early data from 15 states show a huge rise in claims this week. He must know what the numbers are and they must be really really bad for him to not want them released. I wouldn’t be surprised if it comes in over 500k.

This is one of the guys Gordon Gekko was allegedly based on.

The DJIA has come back down since this news broke: image The opening gap should be minimal.

It's bearish for gold.

The DJIA is up on this news, but not as much as I might have expected: image

Delisting companies and limiting foreign investment into China seems beyond to scope of a trade war.

Here you go. url

Its not looking good, but the sell-off so far isn't too outrageous: image

6% is easier to achieve when you're consistently overestimating it by 2%.

The ECB meeting is a major risk right now for gold. There has been a significant correction already in bonds with roughly a 25bps move in the US 10y. Given the current environment, a hawkish ECB could push up global yields by another 20bps or so and ...

Buying the dip is probably the right move, but I’d give it a little while longer. It’s been a great rally so we are due for a correction.

They’re scheduled to have talks in Washington in October so I’m curious what this is about. The talks next week may just be working out the details of next month’s meeting so I wouldn’t expect much from this.

“The second derivative here is not our friend.“ Spoken like a true economist. I sure don’t miss differentiating equations back in my Econ classes. The case for a recession is getting strong. If labor is weakening now I don’t think the Fed ...

US oil is subject to Chinese tariffs. A trade deal could reduce or eliminate it... The news is also bullish from a global growth angle as well.

The recession picture is really starting to come together. Housing market peaked Yield curve inverted ISM below 50 I'm looking closely for weakness in employment and an increase in ...

I think the market overreacted to this. Harker doesn’t even vote this year. Powell’s speech tomorrow is all that really matters.

Good article, but I question the assumption that higher oil is bad for the economy. That’s historically been true, but with shale now it might actually be a positive. If it does cause a recession, it might work like this: Higher oil > higher ...

Powell can't be fired. There's more than one way to stimulate the economy. If the Fed won't cut 100bps like Trump wants, he could push for lower taxes or fiscal stimulus. I think that's what to watch for, not an attempt to fire the fed chief.

Hydrogen may be the future for the auto industry. China is already going in that direction.

How can it be wrong? Think about it, the yield curve is known to have a variable lead time. If we go into recession now, it’s right. In 2yrs, it will still be right. There’s not a finite point in time where it will be wrong.