Ep. 121-August Is a Tricky Month with Data Revisions and Trend Tracking
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Description
Major government revision of 'number of employed' reported in process for release. Economy weakened quite significantly this summer with threat of Japan 'Carrytrade' still overhanging the U.S. bond and stock markets. Challenge by BRICS+ to the U.S. gaining global momentum with U.S. electioneering a strong negative for U.S. global engagement.
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This week, we’ll talk about the implications of the BRICS+ meeting, increasing long term interest rates, and the continuing vast amount of dollars coming into the U.S. stock and bond markets.
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