while WE slept; JPOW @ 11a 'unlikely to sound as dovish as Waller'; financial conditions largest EASING in last 40yrs; "The chart we love to hate"; GDI (from Wed)
while WE slept; JPOW @ 11a 'unlikely to sound as dovish as Waller'; financial conditions largest EASING in last 40yrs; "The chart we love to hate"; GDI (from Wed)
All work and no play makes Jack an angry boy :)
I saw that PMI number and I thought it looked strangely high.
Strike-end effect sounds plausible.
Heard Jim Bianco saying that the 10 yr Bond might go to 5.5%,
next year.
I usually give a lot of credence
to what he says....but that seems
less and less likely to happen.
Really amazing to watch the effect
of 1.5 - 2T in Gov't deficit spending
on the Economy and in the Economic numbers.
John Maynard Keynes and John Kenneth Galbreath would be
Thrilled !!!