Thursday, July 30, 2020
Q2 US GDP -34.9% .. really a 3rd was gone ..!
although its all history but the beauty is that market hardly moved in the moments when the numbers came in, so she was fully prepared to deal with, which include,
IJC: 1.43M; CJC: 17M
interesting the GDP numbers are annualized, which is done for its own reasons, but simply on the quarterly basis, its is about 9.5%, which is not bad ..!
btw, it was Trump tweet suggesting to delay the elections caused worries in the market - not much just touched 3200.
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treasury plans to buy long term US debt to replace it by short-term debt
10y rates dropped by a point .. and stocks rise ... aka market manipulation and perfectly legal as done by US govt.
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Gold reaches all time high indicating inflation in future; so why are we expecting Fed to cut rates ..?
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GDP & Nuclear warheads of various nations : Russia 2.714T 5,500 India 3.9T 180 China 18.74T ...
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because inflation is a monetary phenomenon .. it rises in proportion to the money supply (mostly reckless spending by congress) or a reducti...
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