Fed’s Powell: No Negative Interest Rates at Next Crisis by Wolf Richter • Sep 18, 2019 • 117 Comments The Fed has different priorities than the ECB, the Bank of Japan, the Swiss National Bank, et al.
Foreign Exchange Trading Soars to $6.6 Trillion a Day, US Dollar is Total King by Wolf Richter • Sep 18, 2019 • 68 Comments Ginormous numbers, FX swaps and spot trades, USD, EUR, JPY, GBP, Australian & Canadian dollars… but where the heck is China’s CNY?
Debt-Wracked Chinese Companies Dump US & Other Foreign Assets, Become Net Sellers Overseas for First Time by Wolf Richter • Sep 17, 2019 • 80 Comments Another piece in the Chinese capital-flow puzzle.
Drama in the Oil Markets, But This Isn’t 2007 Anymore by Wolf Richter • Sep 16, 2019 • 168 Comments How the US shale boom changed the equation. If the attacks on Saudi oil facilities had occurred in 2007, it would have caused chaos in the US economy.
THE WOLF STREET REPORT: Snapback Bloodletting in the Overripe Bond Market by Wolf Richter • Sep 15, 2019 • 65 Comments The 10-year Treasury yield rips. Unstoppable negative yields become stoppable.
Light at End of Tunnel or Oncoming Train for the Goods-Based Economy? by Wolf Richter • Sep 15, 2019 • 54 Comments What US Freight Shipments and Pricing Say About the Slowdown.
The Unemployed Shadow Labor Force by Wolf Richter • Sep 14, 2019 • 92 Comments “Does Everyone Who Wants a Job Have a Job?”
WeWork IPO, the Straw that Breaks the Stock Market’s Back? Valuation Plunged by up to 79% by Wolf Richter • Sep 13, 2019 • 152 Comments “They’re Going to Screw Up the Market”: Jim Cramer, on the moment-of-truth effects of the WeWork IPO.
Palace Revolt at the ECB, Legitimacy of Policy out the Window by Wolf Richter • Sep 12, 2019 • 157 Comments Draghi’s desperate shenanigans thicken.
“Core” Inflation Rises Most Since Sep 2008, Powered by Services and Now Even the Peculiar Case of Durable Goods by Wolf Richter • Sep 12, 2019 • 73 Comments What would the Fed do if economic factors were all it looked at?
