Good morning … Overnight there was some good news from China where economic data was strong, IP rose 7% yoy vs f’cast 5.0% and ReSale Tales increased 5.5% vs f’cast 5.2%…
Never imagined what I considered Dumb-'Dot Races' between innings at the ole Ballgame (circa 2003) would have the masses of speculating Zombies (including Me) foaming at the mouth in 2024!
everybody talking about immigration as an excuse to revise their targets higher (10Y or FFR or NFP or GDP etc...)
I wonder how much millions of additional illegals contributes to the $1T of debt every 100 days
Thats not the pandora box that Biden staff would like to see opened before elections 😂
For example:
https://www.brookings.edu/articles/new-immigration-estimates-help-make-sense-of-the-pace-of-employment/
September, might be more realistic for Rate Cuts to begin...
I'm growing more and more skeptical of a June Cut...
I don't think the Data will corroborate a Cut in June....
Never imagined what I considered Dumb-'Dot Races' between innings at the ole Ballgame (circa 2003) would have the masses of speculating Zombies (including Me) foaming at the mouth in 2024!
ahahah. the dot thing makes Fed communication even messier than before
thanks my thoughts exactly!