10.18.19 - Darkening Outlook for U.S.-China Trade Deal

Gold last traded at $1,494 an ounce. Silver at $17.57 an ounce.

NEWS SUMMARY: Precious metal prices traded steady Friday on a weaker dollar. U.S. stocks fell amid weak overseas data while Netflix led Big Tech shares lower.

 

 

 

Federal Reserve's QE4 Officially Begins9+

Vape Q4QE4 Officially Begins: Fed's First T-Bill Purchase Is 4x Oversubscribed Amid Massive Liquidity Demand -Zero Hedge
"QE4 has officially arrived...Specifically, the Fed purchased $7.501 billion in Treasury Bills out of $32.569 billion in T-Bills submitted. In other words, the operation was 4.3x oversubscribed, and when combined with the oversubscribed repo operation announced, confirms that there is a dramatic need for liquidity among the Primary Dealer community....

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Jamie Dimon warns: 'Recession Ahead'

Jamie Dimon CEO JP Morgan Chase Steve JurvetsonJamie Dimon CEO JP Morgan Chase Steve JurvetsonJPMorgan Chase CEO Jamie Dimon warns 'there's a recession ahead' -New York Post
"JPMorgan Chase Chief Executive Jamie Dimon warned Tuesday a recession may be on the horizon thanks to the continuing trade tensions with China. 'Of course there's a recession ahead,' Dimon said during a morning call with reporters after the bank announced its third-quarter earnings.

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U.S.-China Cold War Edges Closer

Fairy TalesDespite Trade Truce, U.S.-China Cold War Edges Closer -Wall Street Journal
"When President Trump first hit China with tariffs more than a year ago, he was pursuing narrowly defined, transactional goals: a smaller bilateral trade deficit and better treatment of U.S. companies inside China. But the trade war has since blossomed into a broader, deeper ideological conflict.

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