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Update on US Dollar as Global Reserve Currency and the Impact of USD Exchange Rates & InflationApr 4, 2022 - 11:45:08 PDT
Dollar drops to lowest share in 26 years. Slowly but surely?
How Massive Gains in Average Hourly Wages Look Ludicrous Compared to the Reality of Spiking PricesApr 4, 2022 - 11:43:01 PDT
Rents, houses, used and new vehicles, gasoline, groceries, forget it, hahahaha...
Apr 4, 2022 - 11:36:53 PDT
The US Treasury yield curve: It remains in reversion (meaning shorter-term Treasuries have higher yields than longer-term Treasuries, usually a sign of impending recession. The Fed has actually started quantitative tightening (QT) and the growth rate of Treasury note and bond purchases has slowed to a crawl.
President Biden’s 5.8 trillion dollars fiscal year 2023 budget increases “discretionary” spending to 1.6 trillion dollars. The remaining 4.2 trillion dollars of spending consists of “mandatory” spending, including on Social Security, Medicare, and interest on the national debt. The discretionary spending is divided...
Apr 4, 2022 - 10:11:16 PDT
The Roundtable Insight.
Please note: the COTs report was published 4/1/2022 for the period ending 3/28/2022. “Managed Money” and “Hedge Funds” are used interchangeably.Since the peak on March 8, Managed Money has reduced its Net Long positions in the market by nearly 40k contracts or 27%. Despite an uptick in open interest from Other and Producers, the action of Managed Money has a far greater impact. Hence the price has dropped from its peak. The final table (Figure 12) below shows that the gold price correlation to Managed Money open interest is an incredible .88.
Most conflicts end quickly, but this one looks increasingly like it won’t. The repercussions could range from global stagflation to World War III...
American consumers are starting to cut costs on mainstays from toothpaste to baby formula as inflation hits a swath of the economy that had thus far proven resistant to substantial price increases.
Its currency, the yen, was crashing while yields on their government bonds were surging. The solution — four days of unbridled bond buying by the BOJ to stem the hemorrhaging and contain interest rates. While the gambit worked (for now), Wall Street is waking up to this potential canary in the coal mine.
“Gold is holding up fairly well in the face of multiple super-sized rate hikes being priced into the markets and risk appetite remaining fairly strong,” The inflation risk is seemingly providing plenty of support, which is why we’re seeing so many rate hikes being priced into the markets, along with the downside economic risks that continue to mount,”...
Dimon Says Confluence of Inflation, Ukraine War May ‘Dramatically Increase Risks Ahead’ for U.S.Apr 4, 2022 - 07:20:52 PDT
Jamie Dimon, CEO and chairman of the biggest U.S. bank by assets, pointed to a potentially unprecedented combination of risks facing the country in his annual shareholder letter.
A surge in food and fuel prices is raising pressure on governments around the world to pick up the tab for consumers, stretching precarious public finances and intensifying political instability in the shakiest economies.
Federal Reserve Chair Jerome Powell and his colleagues are on the march to return ultra-loose monetary policy and accommodative financial conditions to more normal levels. The trouble is, their destination is uncertain and the terrain may be shifting as they forge forward with higher interest rates.
President Vladimir Putin's rouble payment scheme for natural gas is the prototype that the world's largest country will extend to other major exports because the West has sealed the decline of the U.S. dollar by freezing Russian assets, the Kremlin said.
A deep stagflationary shock is also a nightmare scenario for central banks, which will be damned if they react, and damned if they don’t. On one hand, if they care primarily about growth, they should delay interest-rate hikes or implement them more slowly. But in today’s environment – where inflation is rising and central banks are already behind the curve – slower policy tightening could accelerate the de-anchoring of inflation expectations, further exacerbating stagflation.
I first heard the phrase “Great Reset” way back in 2014. Christine Lagarde, who was head of the IMF at the time, was suddenly becoming very vocal about global centralization. It was an agenda that was generally only whispered about in the dark corners of institutional white papers and the secretive meetings of banking elites, but now these people were becoming rather loud about it.
Apr 4, 2022 - 05:56:59 PDT
Numerous elites like Klaus Schwab of The World Economic Forum (and Davos fame) are calling for a “Great Reset” in global economies. But perhaps “The Great Reset” in taking place in asset markets … and not in a good way.
A new reality is being formed: the unipolar world is irrevocably becoming a thing of the past, a multipolar one is taking shape...
The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in the third quarter of this year, ECB board member Isabel Schnabel said on Saturday.