GOLDILOCKS & THE THREE BEARS: Which Bear Will Bite First, a Money Market Freeze, China Trade War or Real Estate… By Lynette Zang
Do you know what happens when you poke a bear? Do it often enough and you’re likely to get bit. Today I’m going to update you on 3 big bears that are already nibbling at our toes: Repos that threaten MMs, additional stressors in the china trade war and what’s happening with real estate. A big bite from any of these can rip the heart out of the global economy…coming up.
Slides and Links:
https://apps.newyorkfed.org/markets/autorates/temp
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
https://www.nytimes.com/2019/09/06/business/china-economy-reserve.html
https://www.cnbc.com/2019/01/16/chinas-central-bank-injects-record-amount-to-stimulate-economy.html
https://www.wsj.com/articles/fed-to-increase-temporary-liquidity-available-to-markets-11571867401
https://www.cnbc.com/2019/10/21/goldman-warns-buybacks-are-plummeting.html
https://finance.yahoo.com/news/p-500-buybacks-decline-significantly-153000766.html
https://www.wsj.com/articles/mortgage-costs-outpaced-by-drop-in-interest-rates-11570699801
https://www.housingwire.com/articles/housing-market-flashing-recession-signal/
https://www.nar.realtor/newsroom/existing-home-sales-increase-1-3-in-august
https://www.imf.org/external/research/housing/images/pricetoincome_lg.jpg
https://apnews.com/0e1a2d6d0e5c41059737e54978ba3551
https://www.nytimes.com/2019/05/17/world/americas/venezuela-economy.html
