|Thur, Sept 08, 16|
SPX Down, Dollar Down, Crude Down
ECB leaves interest rates unchanged at September 2016 meeting:
ECB: The Governing Council continues to expect the key ECB interest rates to remain at present or lower levels for an extended period of time, and well past the horizon of the net asset purchases.
We’re beginning to stare down the barrel of do-or-die time for the economy that is, unless you ask sell-side economists and those at the Fed. With a hat tip to the Daily Shot’s Lev Borodovsky for mining this little nugget: “Markit Economics put out a gloomy service sector report for the U.S., pointing to a one-percent third-quarter GDP growth rate. This result is completely inconsistent with the consensus projections as well as the Fed’s nowcast models.”