(1) Former Fed head Dudley joins the resistance. (2) Exploding heads. (3) Depressing global economic headlines. (4) Fiscal and monetary stimulus losing their effectiveness as trade policies increase uncertainty. (5) In US, tax-cut boost to growth is wearing off already. (6) What’s the matter with Germany? (7) Yet: S&P 500 forward revenues and earnings at record highs. (8) CBO predicting trillion-dollar budget deficits for the next 10 years, with Treasury debt rising to $21 trillion by 2029. (9) Lots of assumptions. (10) A hard Brexit may be too hard to swallow.
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