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The trade war playbook
Carl Weinberg shares some of his insights on the U.S.-China trade war with Tom Keene on Bloomberg Surveillance.
Click here to view clip.
Mid-Cycle Adjustment?
The case for rate cuts is much weaker now than in previous mid-cycle Fed easings.
Why negative interest rates don’t work
A tree is growing in the forest… when do you cut it down to harvest its wood? When it dies and threatens to fall on your house.
China’s global exports were up 10.3% year-over-year in July. There is nothing wrong with that. The trade war with the U.S. dents China’s GDP growth but it does not torpedo it.
Could Britain’s yield curve be the next to go negative? The possibility is hard to ignore when 10-year yields halve in three months. Add financial instability to the risks facing a #Brexit-bound economy.
Euro Zone GDP is on the verge of contracting because an undercapitalized banking system can’t lend the excess liquidity created by the ECB. Negative yields pose a new challenge: There are no good loans to write at negative interest rates!
HFE expects a big deviation from consensus in Q2 U.S. productivity and labor costs data tomorrow—also big revisions to Q1. Productivity: 1.7% after 1.7% in Q1—revised down from 2.4%. Unit labor costs: 2.6% after 1.6% in Q1—revised up from -0.8% (four-quarter change basis).
Did you catch Carl Weinberg's insights on the U.S.-China trade war on @bsurveillance with @tomkeene ? https://t.co/mQmZXzCJQH