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Arthur Hayes $10M GMX Unstaking Shakes Market: Investors Unphased as Price Recovers

Arthur Hayes $10M GMX Unstaking Shakes Market: Investors Unphased as Price Recovers
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No Optimism On Wages, No Problem

No Optimism On Wages, No Problem
Both Consumers and Investors Unphased by Low Wage Expectations
The NY Fed’s consumer expectations survey had shocking results. Median spending growth estimates for the next year spiked. That increase was driven by low income households. The main narrative is the COVID-19 recession is hurting the poor the most. That’s correct. Median earnings growth estimates for the next year stayed at 2% which is below last year’s average of 2.3%.
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The probability that the unemployment rate will rise in the next year (according to consumers) rose from 35.4% to 40.1%. Expected household income growth stayed at 2.1% which is below 2019’s average of 2.8%. It appears consumers are willing to spend more without much optimism on wages, earnings, or the unemployment rate. ....

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Detailed text transcripts for TV channel - CNN - 20170721:12:32:00

Great could be free as early as this fall after spending nearly nine years in prison for an armed robbery conviction. for more on the five things to know you can go to cnn.com/newday for all of the latest. john. thanks so much, alisyn. how would you like to get home from washington, d.c. and get back to me in new york, alisyn, in 25 minutes? tech founder elon musk wants to make that a reality. christine romans in our money center to tell us about it. elon musk, john, wants to give you a light speed trip on the east coast, he has a verbal agreement with the government to build high loop and ultrahigh speed underground rail system. no government agency confirming this officially. and musk later walking back a bit tweeting they re working on formal approval. from one moon shot to another, stocks are on a stunning winning streak. all major u.s. averages hit records this week. investors unphased by president trump s political troubles. the stock market doesn t measure ....

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