“At a fundamental level you can think of things as a fight between expansionist and extinctionist philosophies...”
Bring your plastic, or be prepared to pay up...
“I’m respectful of institutions, and I’m not calling for institutional chaos. There will simply be cohabitation.”
By interpreting the 2% inflation target as a flexible average, the Fed can cloak its true agenda: artificially suppressing interest rates to finance burgeoning federal deficits...
...with concentration levels where they are, it’s hard to tell when (or if?) it will again..
"It’s fair to say that foreign investors are nervous about the heightened political risk that the situation in France brings. The market still has a lot of difficulty pricing in these sorts of events."
"The failure of the three cable systems has seriously affected the..."
Real rates have room to decline as macro risks rise despite sticky inflation, echoing the 1970s. Commodities—including core crypto assets—are part of the all-weather wallet.
Removing road safety signs because of a few disturbed people’s hurt feelings...
These judges are out of control...
- European bourses are mostly firmer paring some of Friday’s pronounced downside, US futures are trading tentatively
- Dollar is flat, Antipodeans lag after weaker than expected Chinese industrial data
- Bonds are subdued paring recent EU political-induced upside on Friday, as participants digest ECB sources which suggest that the Bank is in no rush to discuss a French bond rescue
- Crude is flat in what has been a choppy session thus far, XAU/base metals are hampered by mixed Chinese data
"Wait until you hear what some of the children we found had to say."
In decades-long first, the NDAA bill passed today would automatically register all males age 18-26....
India might conclude that Japan was put up to this by its American patron if it comes to pass, which could then complicate their multilateral efforts to manage China’s rise...
The larger rollout of FSD in China will be a golden opportunity...
In most scenarios, the fiscal outlook is likely to deteriorate.
“It’s striking to see the market share of Russian gas and [liquefied natural gas] inch higher in Europe after all we have been through, and all the efforts made to decouple and de-risk energy supply,”
The mutiny has arisen because many in the West see only too clearly that the western ruling structure is an illiberal mechanical ‘control system'...