In So Many Ways It Feels Like The Barbarians Are At The Gates

In So Many Ways It Feels Like The Barbarians Are At The Gates By Benjamin Picton, Senior Macro Strategist at Rabobank How Often Do You Think About The Empire? There is big news today that ex-Australian media titan Rupert Murdoch is stepping down as Chairman […]

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UAW Boss Says Ford "Serious About Reaching Deal"; Expands Strike To All GM & Stellantis Parts Distribution Centers

UAW Boss Says Ford “Serious About Reaching Deal”; Expands Strike To All GM & Stellantis Parts Distribution Centers Update (1021ET): United Auto Workers boss Shawn Fain said, “Today at noon Eastern time, all of the parts distribution facilities of GM and Stellantis are being called to stand […]

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Zelensky Departs Washington Mostly Empty-Handed Amid Mood Shift In West

Zelensky Departs Washington Mostly Empty-Handed Amid Mood Shift In West By all accounts, Zelensky came away from his Washington visit with nothing new. Biden did announce a fresh $325 million aid package for Ukraine from already committed funds, but the hoped-for long range missile approval never […]

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Global Stagflation? US, EU PMIs Signal Slowing Growth, Rising Prices

Global Stagflation? US, EU PMIs Signal Slowing Growth, Rising Prices This morning started with a modest rise in Euro-area Composite PMI (+0.3 to 47.1) on the back of a pick up in Services. The increase in the area-wide index was driven by an improvement in […]

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UAW Boss Says Ford "Serious About Reaching Deal"; Expands Strike To All GM & Stellantis Parts Distribution Centers

UAW Boss Says Ford “Serious About Reaching Deal”; Expands Strike To All GM & Stellantis Parts Distribution Centers Update (1021ET): United Auto Workers boss Shawn Fain said, “Today at noon Eastern time, all of the parts distribution facilities of GM and Stellantis are being called to stand […]

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Biden-Harris campaign launch new ad targeting Hispanic voters ahead of second Republican debate

The Biden-Harris campaign is launching its third ad targeting Hispanic voters ahead of the Republican presidential debate. The 30-second ad, titled “The Difference,” offers viewers examples of what sets President Biden and Vice President Kamala Harris apart from Republicans. “Some talk. Others do. And in […]

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Sen. Bob Menendez charged with taking bribes to help business cronies, Egyptian government

NEW YORK — A federal grand jury in New York indicted Sen. Bob Menendez (D-N.J.) and his wife, charging the two with bribery in connection with their relationship with three New Jersey businessmen, according to an indictment unsealed Friday. Federal prosecutors accused the couple of […]

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Quantitative Tightening Is Not Biggest Threat To Global Yields

Authored by Simon White, Bloomberg macro strategist, The Bank of England’s quantitative tightening program shows that unwinding central-bank bond portfolios, even with outright sales, need not be disruptive for markets. The greater risk for US and global yields comes from positive stock-bond correlations driving risk premia […]

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Despite posturing and proposals, Congress gets paid during a shutdown (whether they want to or not.)

As “shutdown looms” becomes standard fare for headline writers across Washington, lawmakers are already saying they shouldn’t be paid during a government shutdown, given that funding the federal government is one of the primary jobs of Congress. But the Department of Treasury is obligated, constitutionally, […]

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