Since the p. B. s c. Indicated recently that they are wary a larger scale easing measures and have so far refrained from cutting benchmark Interest Rates meanwhile just when the 2 sides have agreed to resume trade talks treasury secretary minutiae and has been quietly pushing the i. M. F. And independent body to endorse its view that china is a currency manipulator this is happening just one week after the i. M. F. Found chinas army to be fairly valued with no evidence of manipulation sneaky this move by the us the i. M. S. Largest shareholder is putting new pressure on the institution at it undergoes a sensitive leadership transition following Christine Legarde departure menuhin is backing georgieva the world banks chief exec to replace legard. Who has a close relationship with nugent could be installed at the i. M. F. As early as october at which point surely renew its efforts to end. Hard to address beijings currency policy trade war with china is now threatening to draw one of the
Found chinas army to be fairly valued with no evidence of manipulation sneaky this move by the us the i and thats largest shareholder is putting new pressure on the institution at it undergoes a sensitive leadership transition following Christine Legarde departure menuhin is backing georgia the world banks chief exec to replace legard. Who has a close relationship with nugent could be installed at the i. M. F. As early as october at which point surely renew its efforts to engage her to address beijings currency policy trade war with china is now threatening to draw one of the global economies neutral umpires into the fray the i. M. F. The bank daddy of all banks is supposedly independent but are they really the u. S. Treasury was supposed to be independent yet they got bullied into trance agenda the fed is supposedly an independent Government Agency yet powell bowed to political. Pressure and now find themselves playing defense this is worrisome if theyre supposedly independent bodies
The bank daddy of all banks is supposedly independent but are they really the us treasury was supposed to be independent yet they got bullied into trumps agenda the fed is supposedly an independent Government Agency yet powell bowed to political pressure and now finds himself playing defense this is worrisome if theres supposedly independent bodies are so easily influenced. And one of the worlds biggest Credit Rating agencies downgraded the hong kong Sovereign Rating on friday as protests and riots continue inflicting long lasting damage to International Perceptions of the quality and such from this of of hong kongs rule of law and its Business Environment which unexpectedly dropped the bombshell grading the citys rating one notch from a double a plus to double a the citys outlook from stable to negative this could have serious. Simple occasions for the borrowing cost of companies and the government this is hong kongs 1st downgrade by fitch since 1995 but leader kerry lamb hit back to
Essentially free up 126000000000. 00 of liquid capital that could then be used to increase lending support consumption and boost Business Investments this move that came after the glop a moment announced earlier this week its intention to increase economic stimulus measures as china faces increasing headwinds and met the escalating trade war this is the strongest loosening signal from any policy meeting year to date and these measures should provide the support to the real economy and reduce the risk of a dramatic slowdown in the 2nd half of this move was certainly antagonized especially since the p. B. s c. Indicated recently that they are wary a larger scale easing measures and have so far refrained from cutting benchmark Interest Rates meanwhile just when the 2 sides have agreed to resume trade talks treasury secretary minucci and has been quietly pushing the i. M. F. And independent body to endorse its view that china is a currency manipulator this is happening just one week after
President trump. The Investment Committee is ready to go. The Halftime Report starts right now. Welcome. Good to have you with us on this tuesday. Our Investment Committee at the table. Joe t lets begin with stocks. Under pressure as you know new tariffs in place you had that weak reading on manufacturing, investors are on edge you have the worst month for stocks historically. You have to deal with new tariffs, the economy, risks are starting to stack up against the stock market yeah. This is not a great team as you mentioned, but if were dealing with trade its painful every day. The bigger question is are we headed for recession or just headed for Slower Growth i think we are just headed for Slower Growth. Something like 2 , maybe a bit less gdp growth. Yes, jobs have been strong wages good, consumption on friday, youre running at almost a 3 annualized growth rate on top of last quarter that was 4. 7 consumption growth. The consumer is still okay and its the bulk of the growth of the