We’ve got an old problem, Roger.
Goldman Sach’s Gary Cohn has resigned from the Trump Administration, allegedly over Trump’s threat of imposing tariffs on steel and aluminum. It is not the resignation of Cohn that is causing the jitters (there are plenty of smart, free trade advocates around).
Phil Hall at National Mortgage Professional Magazine penned this piece on the Banking bill to reduce some of the damaging effects of the Dodd-Frank legislation from The Great Recession.
Despite muted action in silver over the past week, the precious metal continues to form a solid base. In fact, silver prices today (Tuesday) are already up 1.3% in morning trading.
(Bloomberg) — USD Libor-OIS spread widens to 41.8bp, widest since October 2016 and near the 43.7bp reached in September 2016 as the markets prepared for the SEC’s money-market reforms.
Reuters flashed this headline: “Manhattan apartment sales plummet in January to 2012 low”
There is one word that explains the latest Bloomberg musings on the markets pricing in the impact of Trump’s aluminium & steel tariffs: ambiguity. Here is the original article:”The good Donald, the bad Donald and the ugly market” https://www.bloomb…
Draghi’s central bank, like all central banks, is trying to fix a problem they can’t understand, and the effect of doing so is that nothing ever gets fixed.
Markets repricing was quick on the news, when S&P did upgrade country bonds from BB+ to BBB: Russian dollar- and euro-denominated bonds rose across the maturity curve.
VUCA wins. In Italy. Italian elections results are coming in and several key VUCA components are now clearly at play in Europe’s third largest economy: