As we pointed out earlier, the chances of government agreeing any kind of debt ceiling deal (and avoiding a government shutdown) is dropping fast as USA default risk spikes and the Treasury Bill curve inverts. Goldman Sachs is now concerned also...
Uncertainty in The White House is starting to make investors realize the chance of successfully navigating the debt ceiling crisis without a government shutdown are dwindling...
Via Goldman Sachs,
Content originally published at iBankCoin.com
Investigative journalist and former Breitbart employee, Lee Stranahan, offered a quick quip on today's news that Bannon has resigned from the White House, suggesting that Steve would 'unleash the beast' through his online publication and call out those working against the Trump agenda in the White House.
A leaked United Nations report finds that Saudi Arabia has massacred thousands of children in Yemen since the start of its air campaign in the impoverished country and now the Saudis are using their vast wealth and influence to suppress the document's findings in order to stay off of a UN blacklist identifying nations which violate child rights.
It seems Americans are considerably more sanguine than the British about President Donald Trump's future...
First-Term Trump Impeachment Odds: Paddy Power 60% - PredictIt 35%
According to US-based PredictIt, the odds of Trump being impeached during his first term are 35%...
However, money flow into UK bookies Paddy Power have pushed the odds of a first-term impeachment to 60%!
The University of Michigan Sentiment survey beat expectations with its preliminary August print (97.6 vs 94.0 exp) driven by a massive spike in 'hope' as currenct conditions slump to their weakest since Nov 2016.
How long will that 'hope' spike last?
As UMich details, half of all consumers in each of the last three Michigan surveys reported that their finances had recently improved, the best reading since 2000, the report showed. Americans were also upbeat about their financial prospects in the year ahead.