New York Fed Recession Model hit (Jun 2020) almost 33 percent

New York Fed Recession Model hit (Jun 2020) almost 33 percent

According to Mike Shedlock from MishTalk, the New York Fed has the odds of a recession within the next year near 33 percent. Some of the other models are humorous. Anyone who "can't see the recesion" coming to the U.S. isn't looking at this key indicator, according to Davin Rosenberg, Gluskin Sheff & Associates Inc.'s...
Nasdaqs tests the bottom of Rising Wedge

Nasdaqs tests the bottom of Rising Wedge

According to marketwatch, Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all declined. Fed leaders have said they are ready to cut rates to support economic growth amid a tariff war with Beijing. But Friday’s stronger-than-expected...
Price gap after OPEC deal is over...

Price gap after OPEC deal is over...

According to zerohedge, as OPEC proudly announces it is extenging its production cuts into 2020 (while desperately talking down US shale production), in a last -ditch attempt to support prices, the slew of dismal manufacturing data in the last day has sparked selling in oil. Tamas Varga, an analyst at brokerage PVM oil Associates Ltd....

Weakening Thai Ecomony Signals

Thailand’s markets have been boosted by almost $4 billion of foreign inflows this month as the central bank held off from interest-rate cuts, helping support bonds and the currency. But even the Bank of Thailand has voiced concern over the baht’s strength and said it has intervened in the market, while economic growth prospects are...

End of diplacy between US - Iran?

New U.S sanctions against Iran's supreme leader and foreign minister have closed off diplomacy, Iran said on Tuesday, blaming the US for abandoning the only route to peace just days after the two foes came within minus of conflict. U.S. President Donald Trump signed an executive order imposing sanctions on Monday against Supreme Leader Ayatollah...