The Morning Call
8/11/21
The
Market
Technical
Tuesday in the
charts.
https://www.zerohedge.com/markets/big-tech-bonds-bitcoin-slide-dollar-hits-5-month-highs
Technically
speaking.
https://www.zerohedge.com/markets/biggest-risk
Fundamental
Headlines
The
Economy
US
Weekly mortgage
applications rose 2.8% while purchase applications were up 1.8%.
Month to date
retail chain store sales grew less rapidly than in the prior week.
July CPI came in
at +0.5%, in line; core CPI was +0.3% versus estimates of +0.4%.
https://www.zerohedge.com/economics/core-cpi-slows-soaring-used-car-rent-costs-decelerate
International
July German CPI was +0.9%, in line.
July Japanese YoY
machine tool orders were up 93.4% versus +96.6% in June.
Other
Mortgage loans in forbearance continue to
decline.
https://www.calculatedriskblog.com/2021/08/mba-survey-share-of-mortgage-loans-in_01981022618.html
The
Fed
What exactly is the Fed’s dual mandate?
https://www.zerohedge.com/markets/question-day-what-feds-real-dual-mandate
Fiscal
Policy
Senate passes $3.5 trillion budget blueprint.
But there is only a partial accounting for
what it will be spent for.
The
coronavirus
Update on the impact of the virus on US/China
trade.
China
China growth in question.
https://econbrowser.com/archives/2021/08/china-growth-in-question
Bottom line.
Analysts lower
year end interest rate target.
https://www.ft.com/content/410aab44-2e56-40e8-bf7c-e3aa942fc88c
News on Stocks in Our Portfolios
What
I am reading today
Forget budget deficits,
an overly expansionary monetary policy, the coronavirus, climate change, Iran,
China, this is the major problem that clouds our future.
Visit Investing
for Survival’s website (http://investingforsurvival.com/home)
to learn more about our Investment Strategy, Prices Disciplines and Subscriber
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