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Trump Is Said to Have Overruled Kushner and Other Aides in Threatening Mexico With Tariffs
President Trump sided with hard-liners in the administration over the
objections of top aides, who said punishing Mexico with tariffs would be
risky, multiple officials and people briefed on the plan said.
Trump’s Celebration of L.G.B.T. Rights Is Met With Criticism
He triggered condemnation from activists who said his celebratory words did
little to undo the damage his administration has caused to L.G.B.T. people.
U.S. Promises Security Aid, but No Funds, to Guatemala to Curb Migration
In Guatemala, the homeland security secretary offset requests for restoring
funding cuts by offering hands-on assistance from United States agents and
investigators.
Trump’s Middle East Peace Plan Faces a Crossroads After Coalition Talks in Israel Crumble
The administration’s plan could end up becoming a vehicle to resurrect the
political fortunes of Prime Minister Benjamin Netanyahu and protect those
of President Trump.
Biden Will Run on Fear. Trump Will Run on Hope.
The reason one should run for office is to act on one’s beliefs about what
a good society is. When people, or a party (Democrats) run on whether they
are electable, they aren’t actually running on anything but hatred for an
incumbent. That means that the incumbent controls, even more than normal,
whether you win […]
Congress Weighs Whether to Allow Guantánamo Prisoners to Travel to the U.S. for Medical Care
The Pentagon has been putting a new focus on the health care needs of aging
detainees, but there is still considerable political opposition to allowing
them on American soil.
‘You Don’t Have to Be in Des Moines.’ Democrats Expand Primary Map, Spurred by Social Media.
With voters increasingly getting information online and from TV, candidates
are traveling to a wide range of states, viewing them as sound stages for
delivering their message.
Schedule for Week of June 2, 2019
The key report scheduled for this week is the May employment report.
Other key reports include the ISM Manufacturing and non-manufacturing
surveys, Vehicle Sales and the Trade Deficit for April.
Fed Chair Jerome Powell speaks on Tuesday, and the Fed's Q1 Flow of Funds
report will be released on Thursday.
*----- Monday, June 3rd -----*
[image: ISM PMI]10:00 AM: *ISM Manufacturing Index* for May. The consensus
is for the ISM to be at 52.9, up from 52.8 in April.
Here is a long term graph of the ISM manufacturing index.
The employment index was at 52.4% in April, and the new orders in... more »
The Paparazzi Staked Outside Ivanka Trump and Jared Kushner’s D.C. Home
Tabloid photographers are there when they leave for work, when they return
at night, when Kim Kardashian West or Steven Mnuchin drops by.
As Trade War Spreads to Mexico, Companies Lose a Safe Harbor
Trade tensions led American companies to shift operations to Mexico from
China. President Trump’s latest tariff threat has upended that strategy.
Fact-Checking Elizabeth Warren on the Campaign Trail
The Massachusetts senator has emphasized her wealth tax on millionaires and
defended her past stance on marijuana. Here’s a fact check.
On Politics: The Biggest Stories of the Week
It’s been a busy week in American politics. Here are some of the stories
you might have missed.
A New Threat From Trump and Old Questions About Its Effectiveness
Time and again, the president has engaged in a game of geopolitical chicken
with Mexico. But there was no more guarantee that the tactic will be any
more effective this time than in the past.
Justice Dept. Keeps Wiretaps Secret in Flynn Case, Rejecting Judge’s Order
The release of transcripts of calls between President Trump’s former
adviser and Russia’s ambassador would have provided a highly unusual
confirmation of a government secret.
The Justice department has not the power.
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Trump to Kick Off His Re-election Campaign on June 18 in Orlando
The announcement will come a little over four years after he declared his
presidential bid at Trump Tower in Manhattan.
Disney land fits Trump.
16
Floods and Trump’s Trade War Create an Uncertain Year for Farmers
Prices are rising and planting is far behind schedule as farmers face a
complex new calculus about what to plant—or whether to plant at all.
Only the scale of the loss is in doubt.
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"Mortgage Rates Drop Well Into the High 3's"
From Matthew Graham at Mortgage News Daily: Mortgage Rates Drop Well Into
the High 3's
Mortgage rates were decisively lower today, following a massive market
movement on news of new tariffs to be imposed on Mexico. In general, trade
wars are economically negative. They hurt stocks and help bonds. When bonds
are improving, it means bond prices are rising and yields (another word for
"rates") are falling.
…
The average lender improved by the biggest amount of the past several weeks
with top tier scenarios now *easily seeing quotes of 3.875%*. [*30YR FIXED
- 3.875% - 4.0%*]
CR Note:... more »
Houses are not selling well.
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Everett Raymond Kinstler, Prolific Portraitist, Dies at 92
He painted celebrities and politicians, including several presidents, and
has dozens of works in the National Portrait Gallery collection.
Cosmetology is not a consuming interest of mine.
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Fannie Mae: Mortgage Serious Delinquency Rate Decreased in April, Lowest Since August 2007
Fannie Mae reported that the Single-Family Serious Delinquency rate
decreased to 0.72% in April, from 0.74% in March. The serious delinquency
rate is down from 1.09% in April 2018.
These are mortgage loans that are "three monthly payments or more past due
or in foreclosure".
The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%.
This is the lowest serious delinquency rate for Fannie Mae since August
2007.
[image: Fannie Freddie Seriously Delinquent Rate]*Click on graph for larger
image*
*By vintage*, for loans made in 2004 or earlier (3% of portfolio), 2.64%
... more »
Homes are not selling well.
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Still Not on Recession Watch
Several readers have asked me if I'm on "recession watch".
The answer is no.
CR needs to remove all doubt.
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