Exclusive Comments from Marc Chandler – Tue 11 Sep, 2018

Rate Hike Odds Into Next Year and A Recap Of End Of Cycle Data

Marc Chandler, Global Head Of Currency Strategy at Brown Brothers Harriman and the editor of the great blog MarcToMarket.com shares his thoughts on the recent data we have seen out of the US. The jobs data from last week was strong on the wage inflation front which is driving further rate hiking expectations. We look at what the market is predicting and how it all impacts investment strategy moving forward.

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Marc ChandlerCory Fleck

    • On September 11, 2018 at 12:55 pm,
      OOTB Jerry says:

      Revenue from individual and payroll taxes was up some $105 billion, or 4 percent, as increasing wages, mostly due to more people having jobs, offset a lower withholding rate. while corporate taxes fell $71 billion, or 30% largely due to Trump tax reform, which lowered corporate tax rates

      • On September 11, 2018 at 12:57 pm,
        OOTB Jerry says:

        he budget deficit is blowing out in a big way, and in the first 11 months of the fiscal year, the deficit was $895 billion, $222 billion or 39% more than the previous year.

      • On September 11, 2018 at 12:57 pm,
        OOTB Jerry says:

        CBO now says the deficit will approach $1 trillion by the end of this fiscal year or one year sooner than disclosed in the CBO’s most recent forecast ; in April the agency didn’t expect the deficit to reach $1 trillion until 2020.

  1. On September 11, 2018 at 1:00 pm,
    OOTB Jerry says:
    • On September 11, 2018 at 1:03 pm,
      OOTB Jerry says:

      Turkeys Fly
      Of course, the same thing could be said of the trillion-dollar companies, Amazon and Apple, whose market capitalizations are largely the result of cheap credit.

      • On September 11, 2018 at 1:04 pm,
        OOTB Jerry says:

        The 60 biggest exploration and production firms are not generating enough cash from their operations to cover their operating and capital expenses. In aggregate, from mid-2012 to mid-2017, they had negative free cash flow of $9 billion per quarter.

        • On September 11, 2018 at 1:06 pm,
          OOTB Jerry says:

          Apocalypse Now!
          Every debt expansion ends in a debt contraction. Stocks crash. Jobs are lost. The economy goes into reverse, correcting the mistakes of the previous boom.

        • On September 11, 2018 at 2:39 pm,
          b says:

          Your talking about PM companies?
          60 biggest have negative cash flow?

          • On September 11, 2018 at 5:54 pm,
            OOTB Jerry says:

            sorry,….Oil companies….

  2. On September 11, 2018 at 3:15 pm,
    b says:

    BOB MORIARTY SPECIAL: No Holds Barred Interview on WORLD AFFAIRS!