I’m streamlining my twitter feed a bit to cut down on noise and to make it easier to keep track of key information links to refer to later. In Quick Takes I post links I find of interest & relevant on any given day. These links will cover a broad spectrum of items, from the market impacting/relevant to economic & political news, social and the occasional potpourri/humorous and I may add a quick thought/impression.
If you, as I am, sift through tons of news throughout the day to stay informed then you may come to find these Quick Takes as a useful resource.
QT: Those pushing for these tax cuts care precious little about the long term effects is my impression, rather they care about getting tax cuts in there as a political check point. The macro data trends I’m outlining in the Macro Corner are increasingly screaming slowdown in the works with consumers tapped out. None of the budget forecasts calculate the consequences of such a reality.
QT: Tight margins and retailers terrified of their own cost structure. The $AMZN death star looms larger over the industry. And those that choose to spend limited credit availability on $1K iPhones will have even less to spend on other products.
QT: Good luck with that. This was the same expectation in 2016 which turned into 1. The yield curve says no and so is the likely vast new composition of the FOMC board. Larger deficits need low rates.
QT: Paper cuts?
QT: Math, reality and the size of real deficits will drive much of the ultimate compromise. Markets continue to price in tax cuts as a given.
QT: You know how the world really works:
SPOTTED: Paradise Papers Explained pic.twitter.com/KnoM06AMrQ
— Sven Henrich (@NorthmanTrader) November 6, 2017
And then there is this:
QT: Quite the society we’re building there.
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