Tyler Durden | TalkMarkets | Page 401
Writer at ZeroHedge
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Tyler Durden (pseudonym) is thelead writer at ZeroHedge. Tyler represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is ...more

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Issuance Of Unsecured Personal Loans Is Soaring
The only silver lining: the size of the market remains relatively modest, for now.
Mass Layoffs At Wells Fargo As A Result Of Slumping Housing Market
On Friday, Wells Fargo announced it was cutting 638 mortgage employees as the nation’s largest home lender is hit by a crippling slowdown in the business.
US Economic Data 'Death Cross'?
For the first time since early 2015, US economic data is trending dramatically more disappointing than that of Europe.
Powell Speaks: Rate Hikes Appropriate, No Risk Of Overheating; Strong Economy To Continue
In a tangent, early on in the speech Powell strongly endorses the Alan Greenspan-style approach to setting monetary policy based on risk management.
"Quite A Landmark Moment" - US Yield Curve Tumbles Below Japan's For First Time In 11 Years
The US Treasury curve has (infuriatingly for policymakers) refused to reflect any growth hype narrative at all.
"Bonds Ain't Buyin' It!"
Treasury yields have tumbled to 5-week lows as the S&P 500 spikes to record highs.
Durables Goods Orders Drop Most In Six Months As US Slowdown Accelerates
Against expectations of a 1.0% drop, durable goods orders in July were ugly with a 1.7% drop - the most since January.
Here Comes Powell But Draghi And Kuroda Strangely Absent From Jackson Hole
While political turmoil may have preoccupied the market for most of this week, the market's focus for today and into Saturday will turn back to monetary policy with the Fed’s annual Jackson Hole symposium.
Australia PM Turnbull Ousted, To Be Replaced With Morrison; Aussie Dollar Spikes
News of Morrison's ascent to the prime minister chair send the Aussie dollar higher by 0.5% to 0.7290 from 0.7250 before the news.
PMIs Signal "US Economy Has Cooled" In Q2, Manufacturing "Has Led The Slowdown"
US Manufacturing and Services PMIs miss expectations and drop for the 3rd month in a row.
Musk Hires Morgan Stanley As Advisor On Going Private Transaction
By hiring both Goldman Sachs Group Inc. and Morgan Stanley, Musk has tied up the top two merger advisers in the U.S. this year.
US Bank Profits Hit A Record $60 Billion In Q2
According to the latest quarterly FDIC report released on Thursday, banks reported aggregate net income of $60.2 billion in the second quarter of 2018.
S&P Tumbles Into Red As Yuan Weakness Returns
US equities were panic-bid at the open today but as Yuan slipped further and as the dollar strengthens so stocks reversed course.
US Housing Market Slump Continues: New Home Sales Tumble In July
New home sales tumbled 1.7% MoM (after upward revisions). June's 5.3% drop was revised up to a 2.4% drop, which impacted the miss in July.
Loan Demand Suddenly Tumbles As Companies Revolt To Rising Rates
After a period of surprisingly strong growth following the near contraction in early 2017, commercial bank C&I lending tumbled during the period July 11th to August 8th by $15bn, or 0.68%.
SEC "Will Take A Beating" If Elon Musk Avoids Enforcement Action
The SEC case against Tesla for Musk’s most recent tweet seems to be moving expediently.
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