Nicolas Harari

Cross-Asset Analyst

[Nick Timiraos @NickTimiraos]

There's been a surprising amount of market chatter this week about a possible Fed pause in September. This speculation—not unlike the chatter about 75 bps moves a few weeks ago—could be getting ahead of itself for several reasons.

1) There's a *lot* of data between now and Sept.

[jeroen blokland @jsblokland]

US Personal Income rose less than expected
US Personal Spending rose more than expected
US real wage growth is deeply negative

How can this be?
US consumers are depleting their savings at warp speed. Savings ratio down to 4.4%, the lowest level since 2008.

NOT sustainable.

[Nicolas Harari @nicocannes]

@shadeofgrey68 @carlmoon It keeps dipping 99.5% every few hours, so be my guest! At any point, any new money gets wipped out in a matter of hours

[Cullen Roche @cullenroche]

I wrote a long form note about my current view on housing.

In short - this isn't 2008, but this environment is riskier than average.

Do some prudent planning around new purchases, consider the risks, don't just chase the crowd. Good luck.

https://t.co/ag2CFBCZ6g

[Tascha @TaschaLabs]

Globalization 2.0: The poor in rich countries transfer wealth to the rich in poor countries.

Globalization 3.0: The digital-illiterate transfer wealth to the digital-native in both rich and poor countries.

[Financial Times @FT]

France’s Simone Veil honoured with Panthéon burial https://t.co/Z8kuMXgs8C

[OECD ➡️ Better Policies for Better Lives @OECD]

Wealth #inequality is twice the level of #income inequality: The wealthiest 10% of households hold 52% of total net wealth compared w/ 24% of total income held by the top 10% https://t.co/ElTVkwv3fm

[Ioan Smith @moved_average]

#Spain / #Germany 10Y spread <150bps; tightest since Aug 2010 *golfclap*

[Fabrizio Goria @FGoria]

* OECD trims 2014 French GDP forecast to 0.9 pct from 1.0 pct in Nov - RTRS

[Stephen Collins @TradeDesk_Steve]

Merkel & Hollande locked in a room. Five hours later he leaves promising Austerity LOL

[Faisal Islam @faisalislam]

My toptip for Europe: let Bayern win the Champions League and Germany win Euro 2012, in exchange for Eurobonds. € crisis solved.

[Binyamin Appelbaum @BCAppelbaum]

Now we will all find small changes in the FOMC statement. Pay no attention. We're just trying to earn our salaries.

[Cate Long @cate_long]

"It's not that I'm so smart, it's just that I stay with problems longer." -- Albert Einstein

[Killerrr @thisiskillerrr]

Now in Killerrr Le Lion!! http://t.co/IvdXIhEa