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WTF Just Happened to Retail Sales?!
Blaming Amazon's Prime Day, everyone is trying to work around yet another "unexpected" negative number. Following an "unexpected" drop in July payrolls, the Census Bureau now reports an "unexpected" drop in retail sales alongside an "unexpected" setback in consumer confidence and, yes, an "unexpected" decline in gasoline usage during peak driving season. None of this is unexpected, just the work of more mini-cycles.
Eurodollar University's conversation w/Steve Van Metre
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What if your gold could actually pay you…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.