Jul. 8 at 9:27 PM
$NEM
If things are so great on the tariff talk front, why:
1: Did we just slap a 50% on copper.... so much for housing and home grown electronics
2: Why havent we gotten the terms of the Vietnam deal yet.
3: Why is he again BLANKET kicking the can down to and now "holding the line" on Aug 1st if (last week) there are "many deals to be announced in the coming days". Wouldn't you make the exemptions country specific and screw the non-negotiators.
And on other news...
4: Why have long bond yields risen 16bp in the last week.
5: If liquidity was so great, why did the Fed inject
$10B in the overnight repo market last week, and why are we lowering the SLR to near zero and removing all the safeties on the to big to fail banks put in place by Dodd-Frank to protect the depositors? (I'll give you a hint....liquidity has dried up, QT is ending, and they are trying like all hell to prevent having to do "traditional QE" and the stigma around it... lowering the SLR is QE "but not QE" (wink wink)
