I have uploaded a Weekend Update podcast for September 2, 2018. Click here to go to the show archives page to listen and look at the relevant links or you can listen on the link below. You can also right mouse click here to download the podcast.
-Large Specs cover 10-year treasury shorts in record fashion (170,000 contracts). Yields are still suppressed here below 3%. Despite consumer and corporate optimism long yields are still low.
-Optimism is so high (highest since 1999), because cost of capital is so low. Money is cheap.
-Residential real estate’s cost of capital, based on demand, is still low. Mortgage rates should be 6-7%
-More articles and commentary on wage growth drag
-Welcome to the NWO; open borders include free movement of labor as well as free movement of capital inputs.
-The whole world is one big labor pool
-The tariffs hurt the very people who support them and support Trump. Tariffs don’t work in the New World Order
-Trade deficits are widening, despite higher tariffs.