Mindblown: a blog about philosophy.
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Russian President Putin says if F16s are deployed outside Ukraine’s borders but utilised in combat actions, could consider how and where to hit them
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US U Mich Sentiment Prelim (Jun) 63.9 vs. Exp. 60.0 (Prev. 59.2)
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Fed Governor Waller says that right now, everything “seems to be calm” in the US banking system
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Fed Governor Waller says changes in credit since SVB failure are in line with what was happening before that due to Fed rate hikes, it is still not clear recent bank failures had a material effect on credit conditions
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MORNING MINUTE JUNE 16th
STOCKS BROKE OUT OF THEIR BEAR MARKET EARLIER THIS WEEK AND NOT EVEN HAWKISH CENTRAL BANKS SEEM TO BE ABLE TO HALT THE RALLY, NOTHING SEEMS TO BE IN THE WAY TO STOP A CHARGE TO THE ALL TIME HIGHS
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END OF DAY REPORT JUNE 15th
HAWKISH FED & ECB DIDN’T STOP THE STOCK MARKETS RELENTLESS SURGE UPWARDS AS WE REACH 14-MONTH HIGHS, LOOKS LIKE POWELL THREADED THE NEEDLE!
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WSJ’s Timiraos tweets, citing Fed watcher Tim Duy, “Powell’s Freudian “skip” suggests a July rate rise is the base case, even though (as always) the economy can intervene”
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ECB President Lagarde (opening statement): key ECB rates will be taken to levels determined sufficiently restrictive to bring inflation back to target; core-HICP projections lifted, GDP lowered
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US Retail Ex Gas/Autos * (May) 0.4% (Prev. 0.6%, Rev. 0.5%)
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US NY Fed Manufacturing (Jun) 6.6 (Prev. -31.8)
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