Weak CPI more impactful than Kim Jung-on

Week ending Friday August 11th 2017 War talk, especially from the opposition, sends the USD up and bond yields and equities down. It is undoubtedly a bad thing for growth expectations. War itself tends to cause rapid recoveries in bond yields and equities and send the USD down, most famously on the actual outbreak of the first and second Iraq wars. Deflation That said, worse than war talk is weak CPI numbers. Although only mildly disappointing on Friday the CPI was disappointing enough to dramatically cause a fall in the USD as lower short term rate expectations had more impact…

This content is for Free Trial and Subscriber members only.
Log In Register
Share

Comments are closed, but trackbacks and pingbacks are open.