Trump needs a market scape goat By BEN WHITE (email@example.com; @morningmoneyben), AUBREE ELIZA WEAVER (firstname.lastname@example.org; @AubreeEWeaver) 11/21/2018 08:00 AM EST Excerpt below: Another brutal day on Wall Street and President Trump once again decided to blame Fed Chair Jay Powell rather than face the reality that the U.S. economy is likely to slow down next […]
(Bloomberg) — Between the reinstatement of the debt ceiling in March and the unwind of the Fed’s balance sheet, a “small shock is coming to the short-term funding markets,” Cumberland Advisors Chief Investment Officer David Kotok says in note. • The 2019 debt-limit fight will occur in the shadow of “recent nasty midterms” and as […]
…[R]isk is that China or another country weans itself off US debt by slowing its purchases and waiting for existing Treasuries to mature.
“Gradualism could have a long-term impact on the United States. But that would be a patient policy that would not reveal itself easily,” said David Kotok, chairman of Cumberland Advisors
Stefan Ingves, Sweden’s central bank governor, was asked how Sweden found the political resolve to respond to its financial crisis two decades ago. His answer was, “The honor of the nation was at stake.” A simple statement carrying profound meaning. In the end, the honor of Greece, Portugal, Ireland, and countries around the world is […]