Independent thinking for complex markets and current events
Initial Jobless Claims drop to 189,000; lowest application level since the 1970s… Chicago PMI collapses to 49.2; Manufacturing officially enters “Contraction Territory”… Tight Labor vs. Dying Industry: Fed faces “impossible” data split in final Powell weeks… Warsh Watch: Transition team prepares for “Hard Money” pivot as yields hit 15-year highs… *US JOBLESS CLAIMS 189,000 IN …
OOPS! Investors haven’t been this bearish in 30yrs, BofA poll shows. 82% of fund managers expect the global economy to weaken, and a record number intend to reduce exposure to US equities. BUT “peak fear” is not yet reflected in cash allocations, which currently stands at 4.8% of… pic.twitter.com/k8xzjB6z4K — Holger Zschaepitz (@Schuldensuehner) April 15, …
Harvard Law incoming class has just 19 black students after Affirmative Actions squashed It is what it is in a free, anti-racist & colorblind society. How many people in the class have blonde hair, green eyes, are left-handed? Imagine rejecting someone who was qualified for more left-handed people.. or brown people. That would be silly …
(Bloomberg) — The alarm from economists has been clear for months: Brace yourself. If he delivers on his campaign promises for an aggressive package of new US tariffs, they’ve warned, a re-elected Donald Trump will set the stage for a historic period of turmoil in the global economy. And yet there’s a reason CEOs, bankers, …