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Kudos to WSJ's @QuixoteBob for writing a well researched, balanced article as to where $gold demand is coming from, including the role of US retail investors.
wsj.com/finance/commod…

Do I get this right: If the sun keeps shining, all will be good?! 👇 #deficits x.com/FedResearch/st…

"Companies have been raising prices to maintain margins -- we we get a recession, expect the earnings outlook to be dismal" Piper Sandler's Nancy Lazard on @BloombergRadio

initial jobless claims up, higher than expected.

A picture is a gazillion words - first chart since 2017, nothing to get excited about. 2nd chart 1 year chart, a bit more expressive. More relevant is the higher than expected, if a new trend.
grey: ini claims
black: cont'd x.com/i/web/status/1…

Amir Yaron: shocks appear to be coming w increasing frequency — implying this should give us food for thought.

#HooverFedConference

John Williams gives a prepared speech. Maybe I’m tired by this time in the conference, but I only woke up when he talked about lessons. I woke up because it sounded the analysis of what went wrong is completed. Nice try, but, no. #HooverFedConference

Austan Goolsbee: time dependent guidance is just an opinion and not useful - unlike state dependent guidance that has useful information. SEP forecasts are like time dependent guidance,
#HooverFedConference