Trump spoke with reporters on his way back to Washington after a weekend golfing. He covered various topis. Some remarks: Nuclear submarines sent to the region of Russia Russia is good at avoiding sanctions His envoy Witkoff may be going Wednesday or Thursday, Witkoff message will be stop the killing Will be announcing who will … Read more
The Financial Times is gated, so its always interesting getting a glimpse behind the curtian. Mohamed El-Erian, chief economic adviser at Allianz tweeted on his concerns over wage disparities in the US: The wage growth lines are pointing down for all but the top quartile. If there is a silver lining from this it’ll be … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
Over the weekend I posted on comments from head of the New York Federal Reserve, John Williams: ICYMI, Williams was asked, in an interview: To sum up then, if the data were to reveal itself over the next two months in a way consistent with what we’ve seen over the last few months, which I … Read more
US President Donald Trump fired the head of the Bureau of Labor Statistics on Friday after getting jobs numbers he didn’t like. It’s an extremely concerning move for anyone hoping to trade based on reliable economic data. it’s also reminiscent of Argentina and various other despotic regimes and it’s never ended well. At some point, … Read more
OPEC+ announced an oil production increase of 548,000 barrels per day for September. The move was widely expected after the group began taking bigger steps to unwind its production curbs over the summer. Initially, OPEC communicated an 18 month plan to slowly unwind production but it since stepped up the pace and now the entire … Read more
New York Fed President John Williams shared his views on the labor market, inflation, and interest rates in a Friday interview with Wall Street Journal reporter Nick Timiraos in New York. The Journal have provided a full transcript, which is really interesting. The journal is gated, but if you can access it, link. A notable … Read more
The first of many post jobs report. This article was written by Greg Michalowski at investinglive.com. fbs.mobi
Swiss Pres. Keller is speaking after the US imposed a 39% tariff on Switzerland imports: The government disappointed by US tariff imposed on country. Previous talks had been very constructive, 39% tariff is much higher than what was negotiated. US tariffs will have very bad effect on Swiss economy. Although pharmaceuticals not affected, US tariffs … Read more
NFP report was disappointing Healthy labor market still in balance, but should be watched confident in decision made earlier this week. Fed is still seen pressure on inflation side of mandate. Right now Fed missing much more on inflation side relative to jobs of mandate. The pain from inflation is biting. Businesses are dealing with … Read more
