it is it is not recession clowns' comedy talk
nega-rebound on the Dems ?
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as would-be referee Megan McArdle screams in Washington Post in her Opinion piece
Xi warns Biden not to "play with fire" on Taiwan in 2-hour call.
President Biden and Chinese President Xi Jinping had a contentious exchange on Taiwan in a two-hour and 17-minute call on Thursday, their fifth call since Biden became president.
The latest: Beijing's statement on the call warned in reference to Taiwan that "those who play with fire will perish by it."
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Coulrophobia---Millennial and Gen X traders---
The Markit sez: Buy Stonks!!!!!!!
Bay Area home prices see largest May-to-June drop on record
Rising interest rates, more homes staying on the market and an uncertain economy contributed to the decline
dc CB 18:44 GMT 07/28/2022
Bank of America CEO on now with Biden
mega press to counter recession talk....
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Philip Marey, senior strategist at Rabobank
Tell us we're OK
Before and after the GDP release, the White House spin doctors were working overtime to convince the voters that this is not a recession. Treasury Secretary Janet Yellen told us that “the economy’s deceleration would help the US settle into a more steady state of growth.” Does she mean a negative growth rate? The damage control measures culminated in a bizarre press conference where President Biden asked selected captains of industry to tell him that the US economy was strong.
USD up after US PCE and Employment Cost Index data that has seen yield curve steepen a touch
GVI10:49:26 GMT - 07/29/2022
Posted yesterday on the AT Forum
Month End
GVI 19:38 GMT 07/28/2022 - My Profile
Stocks up sharply in July => which usually means USD selling for month end to adjust fx hedges but not sure how this works when it has been n a down market.
After remarkably solid 2 and 5 year auctions earlier this week, moments ago the Treasury sold $38 billion in seven year paper in the week's final coupon auction, which saw demand just as blistering as the previous two.
yield of 2.730% was a huge drop from the 3.280% in June, one of the biggest monthly drops on record
Internals were even more impressive with Indirects surging from last month's 61.9% to 70.9% in July, one of the highest prints on record.
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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