Tuesday, August 27, 2019

Tuesday Evening Links

[Reuters] Wall Street slips as financials drag, trade outlook clouds

[Reuters] Gold, Treasuries rise as recession, trade fears rattle investors

[Reuters] U.S. yield inversion deepens, stokes recession fears

[Reuters] Fed rejects call to deny Trump rate cuts; Trump keeps up pressure

[AP] Ex-Fed official says central bank should stop enabling Trump

[AP] Trump: Federal Reserve is loving US manufacturing troubles

[AlterNet] Auerback: We are clearly living in a bizarro capitalism era — and it’s time to change it

[Reuters] Italy's 5-Star, opposition at loggerheads over roles in putative new cabinet

[Reuters] Brazil central bank wades in with surprise FX intervention as real nears record low

[CNBC] Peloton reveals IPO documents showing widening losses of $245.7 million on sales of $915 million

[Bloomberg] Pension World Reels From 'Financial Vandalism' of Falling Yields

[FT] A Chinese take on the gold standard

[FT] The problems of the global monetary order go deeper than Trump

[FT] Cathay Pacific crisis ushers in nervous new era for Hong Kong Inc

Tuesday's News Links

[Reuters] World shares gain on flickering trade hopes

[Reuters] Yuan rebounds after PBOC sets much stronger-than-expected fixing

[Reuters] Gold gains as U.S.-China trade concerns lift safe-haven demand

[Reuters] China says it hopes U.S. can create conditions for trade talks

[SCMP] Beijing Cast Doubt on State of Trade Talks After Donald Trump Says it Wanted a Deal

[Reuters] U.S. consumer confidence dips in August: Conference Board

[CNBC] Home price gains slowed down in June, but low mortgage rates may heat them up again

[CNN] Insiders are selling stock like it's 2007

[Yahoo/Bloomberg] Dudley: The Fed Shouldn’t Enable Donald Trump

[Yahoo/Bloomberg] Central Banks Just Love Gold and It's Going to Stay That Way

[Yahoo/FT] Japanification: investors fear malaise is spreading globally

[Reuters] China's July industrial profits swing to growth but outlook clouded

[Reuters] Japan's negative interest rates may have backfired: Fed paper

[Reuters] Italy's 5-Star, opposition, clash over potential cabinet roles

[Bloomberg] After 24 Hours, China Still Unaware of Calls Mentioned by Trump

[Bloomberg] Trump Shifts Tone on China But Not Tactics as Deal Grows Distant

[Bloomberg] Weidmann Reprises Dr. No Stance as ECB Stimulus Decision Nears

[Bloomberg] The World’s Big Export Engines Turn Gloomier by the Day

[Bloomberg] Authers: Trump Has Added an Element of Randomness to Markets

[NYT] Trump Can Battle China or Expand the Economy. He Can’t Do Both.

[WSJ] A Primer on the Future of Fannie, Freddie

[WSJ] Hong Kong’s Dollar Peg: How It Works and Why It’s In Question

[WSJ] Hong Kong Clashes Put Brakes on Property Boom

[FT] Italy’s political impasse deepens as Five Star cancels coalition talks