@HungaryBased The protest didn’t have anything to do with Bulgaria joining the Eurozone, it was about the corrupt politicians and the bad yearly budget of the country. Delyan Peevski is a politician, sanctioned from USA and UK for corruption. Bulgarians want him out of the government.
George Floyd dies during an arrest:
$2+ BILLION of property damage
200 federal buildings damaged
2,000+ police officers injured
At least 25 Americans kiIIed
Charlie Kirk kiIIed in cold bIood:
0 rioting, 0 looting, 0 injuries
Peaceful vigils and prayer
$0 in property damage
0 Americans kiIIed
WE. ARE. NOT. THE. SAME.
Not necessarily, the common thesis is that the tariff inflation is expected to have a short spike in inflation but nothing too crazy. The revised labor statistics are worrying. I think if they had the true numbers /if we can trust them/, they would have cut the rates already.
Anyways a lot of economists were saying that with the tariffs we would be 60% in a recession by now with inflation 2-5% (goods +10-25%)and a slash in GDP 0.6-6% but that never happened, we are sitting at 2.7-2.8% YoY inflation (CPI July), with producer prices jumping 0.9% MoM due to tariffs and a GDP growth 1.2-3% annualized.
Let’s also keep in mind that we are refinancing a lot of debt this year and a cut from the FED would save us money in the future payments!
@StealthQE4 Yes on the models they don’t manufacture in the USA. It will be interesting to see if they change something in their business model once inevitably their sales start declining!
Expect high volatility tomorrow.
Jerome Powell takes the stage at the Jackson Hole meeting Aug 22, 10 AM ET, in Wyoming-markets are locked in!
The whole market is waiting to hear his speech and gauge the possibility of a rate cut on the next FOMC meeting in September. A dovish signal could spark crypto & stock market swings.
Polymarket’s odds for a Sept 17 Fed rate cut fell dramatically to 70% chance of a rate cut - 30% chance rates stay steady.