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Politics : A Real American President: Donald Trump

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To: Mrjns who wrote (91137)9/4/2018 1:03:49 PM
From: FJB1 Recommendation

Recommended By
Honey_Bee

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Dow Drops 116 Points Because There Is Such a Thing as Too Much Growth


SNIP:

If the ISM is correct, then real gross-domestic-product growth could come in around 4.6% during the third quarter, explains MKM's Michael Darda, well above the Federal Reserve's estimate of real growth potential. The ninth year of an expansion is not when the Fed wants to see that kind of growth, Darda writes. "Expect sustained Fed tightening to continue unabated until we see a significant break in PMI momentum and, more importantly, the pace of payroll growth," Darda explains. "This is bullish for the dollar, but not for emerging markets/commodities, which are likely to continue facing strong headwinds (as was the case in the late 1990s)." The U.S. Dollar index has gained 0.5% to 95.588.

barrons.com
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