Over the weekend, Deutsche Bank's chief credit strategist Dominic Konstam released a report in which as we documented, he explained his reasons why "the market is not ready for a June hike." This was his key point:
The operative question is whether markets are sufficiently calm for the Fed to use the June 2016 meeting to pave the way for a July hike.
After a brief dead cat bounce, the US services economy has tumbled back to 3-month (near 7 year) lows, missing expectations by the most on record. With the slowest pace of hiring since Dec 2014 (signalling a mere 128k rise in payrolls for May), business optimism plunged to record lows (since the survey began in Oct 2009).
When hope fades...
Submitted by John Whitehead via The Rutherford Institute,
“The qualifications for president seem to be that one is willing to commit mass murder one minute and hand presidential medals of freedom to other war criminals in the next. One need only apply if one has very loose, flexible, or non-existent morality.”—Author and activist Cindy Sheehan
Via Valuewalk.com,
Will The November US Presidential Election Bring The End Of The World?
Paul Craig Roberts
“We have been watching for nearly a month a steady buildup of American and NATO forces along Russia’s borders – on land, on sea and in the air. There has been nothing like this on Russia’s borders, such an amassing of hostile military force, since the German invasion of the Soviet Union in 1941.”