Next week the FED is likely to continue talking up the economic recovery, even after GDP fell 1.1% in the first quarter with some estimates at negative 1.6%. The aim of the game, of course, is propping up the USD. The ECB and the BoJ are involved in the same charade. So we have a type of consensus from the powers-that-be, or at least from the G-7. Paul Craig Roberts suggests that the G-7 is really nothing but a collection of U.S. vassal states. I liked his comments on Russia in his recent articles on their role in WWII (essentially they won the war).
There is, however, a lot of chatter in the corridors about the real state of the U.S. economy. I don't know what it's like on the ground, I don't live there. It would be interesting to hear some anecdotal evidence though. Till then here is Paul Craig Roberts again:
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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