Global markets keep biting its nails as drones damage to Saudi Arabia oilfields leads to war worries between the US & assumed culpable party, Iran. And repo markets going haywire, with Fed liquidity actions just add to tenuous state of affairs. We look at revised OECD Economic Outlooks & Caribbean Development Bank views.
Oil prices get hijacked by drones, destabilizing the Middle East & global peace & prosperity. And Venezeula regime failure threatens the South American & Caribbean economies. Climate change seems like a breath of fresh air in comparison. Or is it?
The global porridge of hot spots continued as the UK political landscape becomes even more muddied as it comes to Boris Johnson and the Brexit imbroglio. HK gets a Fitch downgrade as the situation partly improves, but doesn't. ECB faces pushback on further easing. US growth slows in manufacturing, but services sails forward.
Labor Day holiday did not quiet the world's worry points. Hong Kong protests and UK Brexit politics keep conditions volatile. And Hurricane Dorian dims Bahamas economic prospects.
Labor Day Week lulls were not in the cards as the G7 Summit & Trump tweet/talks stirred up the markets. Combined with Hong Kong protests and other cross-talk currents, outlooks for economic calm seem remote.
And the Trade Tariff beat goes on as to whether it is a tax on the US consumer and whether it will lead to a recession? Dr. Scott discusses the Trump v. the rest of the world views. And how Hong Kong, Argentina, and Japan fit into the dynamics.
Currency war between the US and China. Negative rates for the US? European growth stalled by slow Germany and Brexit burdoned UK. And Italy's continual political and financial uncertainy. Might as well stay at the beach for another couple of weeks of peace of mind.
Global volatility escalates as The Fed, Tariffs, HK and the UK political/economic climates curdle. Risk of China army intervention rises for HK as does the risk for UK downgrade to low AA with BoJo after-effects.
Summer swoons as the geopolitics continue to sizzle with the sky high temps in Europe, Asia and the Americas. Tariff driven slowdowns, US GDP sags, new UK PM BoJo swagger, and Hong Kong snags keep the world on edge. Everyone into the pool to cool-down.
US earnings season in full force as the banks led the way with mixed results while the Techs go strong this week. Geopolitics heated up with the summer sky high temperatures as Iran, China turn the tension/trade screws. US to ease, but by how much is now the question.