Well guess Powell can then feel free to reduce rates then? Back and forth and back and forth that can go. Did hear interesting bit from Kevin O’Leary regarding how he felt Canadian tariffs for which he was asked would be resolved within 90 days and explained why. He is Canadian btw. I suspect much will be resolved within months. How long do games of chicken ever last? My guess is that Trump not bluffing nor flinching first.
Not sure how much I trust this data given gold repatriation and tarrifs front running. This worse than the covid print if I recall. Worry some in government may be tempted to fit data to a narrative.
Brian Westbury says most of the drop is because of service sector imports skewering the numbers,\.
https://www.ftportfolios.com/retail/blogs/economics/index.aspx
Tim… Everyone taking Shelter .. in Preferred and Bonds … Bargains fading.
Georges
Markets pummeled but my portfolios just on the green side of flat.
Well guess Powell can then feel free to reduce rates then? Back and forth and back and forth that can go. Did hear interesting bit from Kevin O’Leary regarding how he felt Canadian tariffs for which he was asked would be resolved within 90 days and explained why. He is Canadian btw. I suspect much will be resolved within months. How long do games of chicken ever last? My guess is that Trump not bluffing nor flinching first.
He already flinch we the 30 day extension…As soon as things go south badly and recession bells start ringing he will say what a “wonderful deal ” !
Not sure how much I trust this data given gold repatriation and tarrifs front running. This worse than the covid print if I recall. Worry some in government may be tempted to fit data to a narrative.
Let’s see.
First comes price, then comes narrative.
If anyone is at the offices 😉