Hard hitting global and local news
A Treasury report shows the budget deficit exploded higher in August. The Treasury blames a holiday calendar
The CPI came in under expectations across the board. I question shelter and medical components.
After numerous pompous threats made on China, Trump may be ready to back down.
Florence weakened to a Cat 3 but may restrengthen to 4-5. The greater threat is flooding. Damage estimate is $60…
The Beige Book word of the day is “tariff”. It was mentioned 37 times and not in a good sense.
Buffet explains bubbles: “People see neighbors ‘dumber than they are’ getting rich.”
Interesting Tweets: Ron Paul on foreign policy insanity, Tesla, Emerging Markets, BOJ ETF Ownership, Stock Sanity Check
IMF chief Christine Lagarde warns of emerging market and low-income shocks if Trump escalates his trade war with China.
In response to the Trump tax cuts, corporations are repatriating record levels of cash.
Job openings hit a new record high. Since March, the number of openings has exceeded the number of people looking.