Independent thinking for complex markets and current events
The recent spike in 10-year Treasury yield coincided with China fixing the Yuan weaker. That's no coincidence. The falling Yuan had contagion effects to all of EM, causing EM reserve managers to sell Treasuries. This shows how much power China has over US markets … and policy. pic.twitter.com/gCO47YV0r4 — Robin Brooks (@robin_j_brooks) April 24, 2025
Lawmakers in the Lone Star State are so fed up with dollar devaluation that they’re taking matters into their own hands. Outlining a bold proposal to reinvent money – and it’s certain to have the Federal Reserve in an uproar. Here’s the opening shot in the battle of Texas versus the Fed… By Peter Reagan Your …
On July 1, 2024, the People’s Bank of China (PBOC) made a groundbreaking announcement: it would undertake bond borrowing operations with select primary dealers to ensure the stability of the bond market. This unprecedented move has already ignited widespread discussion in China, particularly concerning its potential long-term effects on the renminbi exchange rate and the broader …
The gold rush of central banks. Today’s Michael Lewis “Big Short” opportunity is rather the ongoing devaluation of fiat currencies relative to real assets with limited supply, which are imperative to society either as commodities or sound money. pic.twitter.com/t6JZMmbAmm — Otavio (Tavi) Costa (@TaviCosta) June 1, 2024 I've been asked for years, "What is going …
China’s extensive stockpiling of essential commodities sparks speculation: Is a currency devaluation imminent? Is China preparing an imminent FX devaluation? The price action looks striking reminscent of 2014/2015 ahead of the managed devaluation of CNY. Full story: https://t.co/sILjD21UGs pic.twitter.com/C0yIRBss3R — Andreas Steno Larsen (@AndreasSteno) April 22, 2024 Arguments why China could decide to devalue CNY …
This comes exactly 2 months after Argentina's central bank raised rates to a record 133%. Argentina has averaged a 40% inflation rate per year over the last 10 years. Is this last ditch effort going to work? Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) December 12, 2023 …
pic.twitter.com/uX9VoRGdXK — Genevieve Roch-Decter, CFA (@GRDecter) August 15, 2023 Does anyone remember August 2015 – Yuan deval? Well, it's about to be a lot worse this time as the Chinese government can't stimulate the economy and support the currency at the same time. So why not just let the currency do the heavy lifting? pic.twitter.com/fAcHUIQMhH …