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Fed Gets Opposite Response It Wanted: Inversions Strengthen
August 1, 2019 Off

Fed Gets Opposite Response It Wanted: Inversions Strengthen

By Mish

Counting the FF Rate, the yield curve flattened quite a bit but inversions between 3-month and long end widened.

Daily Horoscopes: August 1, 2019
July 31, 2019 Off

Daily Horoscopes: August 1, 2019

By Annabel Gat

Download the Astro Guide app by VICE on an iOS device to read daily horoscopes personalized for your sun, moon,…

July 31, 2019 Off

‘Euphoria’ Is Honest About the Painful, Unglamorous Realities of Depression

By Alex Wexelman

On this Sunday’s episode of HBO’s Euphoria, Rue, in a send-up of noir films, imagines herself as a hardboiled detective…

Rate Cut Odds Shrink Dramatically Following FOMC Decision
July 31, 2019 Off

Rate Cut Odds Shrink Dramatically Following FOMC Decision

By Mish

The odds the Fed Funds Rate would be 1.75% to 2.00% fell from 54.2% yesterday to 0% today.

The Site of One of the Largest US Oil Refineries Is on Fire
July 31, 2019 Off

The Site of One of the Largest US Oil Refineries Is on Fire

By Sarah Emerson

The ExxonMobil complex in Baytown, Texas—home to one of the largest oil refineries in the country—caught fire on Wednesday after…

Burger King Workers Must Be Allowed to Grow Beards, Catalan Government Rules
July 31, 2019 Off

Burger King Workers Must Be Allowed to Grow Beards, Catalan Government Rules

By Jelisa Castrodale

Last November, the Burger King—the actual Burger King—symbolically shaved his beard to show his support for the Movember Foundation, a…

Powell Calls Rate Cut a “Mid-Cycle” Adjustment
July 31, 2019 Off

Powell Calls Rate Cut a “Mid-Cycle” Adjustment

By Mish

According to Fed Chair Jerome Powell, this may not be the beginning of a rate cut cycle.

Fed Cuts One-Quarter Point as Expected  But Two Dissents for No Cuts
July 31, 2019 Off

Fed Cuts One-Quarter Point as Expected But Two Dissents for No Cuts

By Mish

The Fed cut interest rates by 25 basis points but Esther George and Eric Rosengren dissented.

Yield Curve and Spreads Ahead of the Fed Rate Cut Decision
July 31, 2019 Off

Yield Curve and Spreads Ahead of the Fed Rate Cut Decision

By Mish

Here is the final snapshot of the yield curve and spreads ahead of the first interest rate cut since 2008.

Eight Reasons the EU Will Suffer Far More Than UK in Brexit
July 31, 2019 Off

Eight Reasons the EU Will Suffer Far More Than UK in Brexit

By Mish

The EU would be wise to make a deal with the UK. It will get clobbered in the event of…

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