FT - US debt is on an 'unprecedented' trajectory that could lead to a Liz Truss-style market shock, the head of Congress’s independent fiscal watchdog has warned >>> USDollar and XAUUSD implications ?
Oil prices are now up 17% this year and well above $80/barrel again. OPEC remains committed to production cuts and geopolitical tensions have threatened supply + global demand forecasts are being raised and inflation is rebounding
One of the most consequential shifts in global markets over the next decade would be a re-pricing of neutral rate expectations. For nearly 15 years, most investors and central banks have held that neutral in around 2-2.5%, but increasing evidence it may be higher, even 4-5%/Thread - it is already is a few macro frund's thoughts..
"The New York Fed has constructed a new measure of trend wage inflation, which currently is running at 5%...Wage inflation at 5% is not consistent with the Fed’s 2% inflation target. The Fed will keep interest rates higher for longer:" Apollo
PBOC is "alarmed" by the weakness of the yen (concerned over yuan implications) >>>''' Dear BoJ, if you let USDJPY push higher, we will be forced follow to weaken CNH to stay competitive'''
Why do Western companies circumvent sanctions? What is the US policy of containing China? How is China reacting to sanctions on Russia? Will the potential Trump presidency be beneficial for the world economy? What does the market think about WW3? Igor Yelnik and Sir Michael Fallon speak with Bilal Hafeez, CEO & Head of Research, Macro Hive/video
FED's Bostic repeated that he expects just -1- rate cut in 2024
French public deficit widened to 5.5% in 2023, above target of 4.9%
Choccy getting super expensive next ! Cocoa prices hit $10K per ton
More than 85% of Treasury issuance is in short-term bills, the highest since 2001/2002
BOE's Mann: Markets are pricing in too many rate cuts
Trump bond in New York case reduced to $175 million from $454 million. Trump’s Truth Social is going public today. Experts warn $9 billion valuation defies logic
Unwinding British QE may end up costing £100bn. Could that have been avoided? >>> the big question is why unwind them??? let them run-off! at no cost
Financial Times on X: "FT Exclusive: US debt is on an 'unprecedented' trajectory that could lead to a Liz Truss-style market shock, the head of Congress’s independent fiscal watchdog has warned https://t.co/JLiKKeQE9z https://t.co/ljX3OpInL1" / X (twitter.com)
Why unwind at a huge cost???? let them run off
The Trapped Economy: Americans Can't Buy a Home, Car, or Find a New Job (businessinsider.com) economy really doing so well, so that the majority of folks can afford a new flat ? a car ? not so fast, not so clear cut..
Can't afford new homes and yet The Kobeissi Letter on X: "BREAKING: New Home Prices are now down 20% from their highs, in bear market territory, and falling faster than rates seen in 2008, according to Reventure. New home prices peaked in late-2022 at $497,000 and have fallen to $401,000 as of the latest data. In the financial crisis,… https://t.co/N0ZTcCLSEN" / X (twitter.com)
The Kobeissi Letter on X: "Oil prices are now up 17% this year and well above $80/barrel again. OPEC remains committed to production cuts and geopolitical tensions have threatened supply. Meanwhile, global demand forecasts are being raised and inflation is rebounding. Even as non-OPEC production is at… https://t.co/nZtz6w23t4" / X (twitter.com)
(1) Bob Elliott on X: "One of the most consequential shifts in global markets over the next decade would be a re-pricing of neutral rate expectations. For nearly 15 years, most investors and central banks have held that neutral in around 2-2.5%, but increasing evidence it may be higher, even 4-5%. https://t.co/TGaJ3pDcvw" / X (twitter.com)
Or maybe a lot quicker than this!
World Bank Document “In the modern era, gold continues to play a critical role in the global financial system, serving as a hedge against inflation, a safe haven asset, and a reserve asset for central banks. … gold remains a crucial component of the global financial system and is likely to continue to play an essential role in the future.”
they sure don't when only half the world (at best) follow them... everyone pretending and yet doping their own things through the back door..
Baltimore Key Bridge collapse – latest: Bridge falls into river with pedestrians after being hit by large ship (msn.com) INfrastructure work !! needed, not just there!
Middle East crisis live: Hamas emboldened to reject ceasefire proposal after UN vote, Israel claims (msn.com)
Trump’s Truth Social is going public today. Experts warn $9 billion valuation defies logic (msn.com)
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