Independent thinking for complex markets and current events
More regulation and rising trade tensions continue to be felt across the market. This also comes at a time when China's real estate market is in recession territory. Expect a bumpy road ahead as this continues. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) December 22, 2023 https://twitter.com/WinfieldSmart/status/1738012069352366371
The Hedge Fund Traders Dominating a Massive Bet on Bonds (Bloomberg) — Jonathan Hoffman, John Bonello and Jonathan Tipermas share more than just similar first names. They’re the driving force behind a gigantic wager on government debt that’s been giving regulators sleepless nights. They and their teams are top players in the “basis trade,” a …
The BOJ held steady on rates. Again. Bulls believe the BOJ won't ever raise rates, but the Fed will cut any day now. Either of those scenarios would explode the carry trade. Most likely, is global RISK OFF. With the Fed/BOJ both dick in hand. pic.twitter.com/Zl4hdIBW0i — Mac10 (@SuburbanDrone) December 19, 2023 JUST IN: Fed's …
Multiple 🇨🇳 state firms and government departments across at least 8 provinces — including the prosperous coast — instructed employees in the past month or two to start carrying local brands. That’s a major step-up from around September, when a small number of agencies in… pic.twitter.com/5j3Ngci7aE — Byron Wan (@Byron_Wan) December 15, 2023 🔴 CHINA’S …
Mutual transactions in national currencies have quadrupled in 2023, VTB bank executive says Trade settlements in national currencies between Russia and Vietnam have skyrocketed this year, Olga Basha, VTB’s head of international settlements, told RIA Novosti ahead of the investment forum Russia Calling 2023. Basha noted that settlements conducted in ruble and dong between the …
Despite global aspirations for de-dollarization, recent developments highlight formidable challenges in the transition away from the U.S. dollar. Two prominent BRICS nations, India and Russia, are encountering obstacles with capital controls and unsuccessful negotiations for settling bilateral trade in their native currencies. Furthermore, efforts to shift away from the U.S. dollar in global trade face …
via Zerohedge: The shipping giant A.P. Moller-Maersk A/S reported a slide in profit and revenue for the third quarter, forcing the company to take a defensive position by eliminating upwards of 10,000 jobs as falling container rates and waning demand batter the global shipping industry, which could last through 2026. However, the shipper maintained its …
The yuan surpassed the euro to become the second main currency in trade for the FIRST time This is according to SWIFT People might scoff at the percentage, but they overlook the underlying trend unfolding More and more countries are looking to settle trade in local currencies — Gold Telegraph ⚡ (@GoldTelegraph_) October 18, 2023
via cryptopolitan: The World Trade Monitor, an analytical tool from the Netherlands Bureau for Economic Policy Analysis, adds to this gloomy narrative with its June data showing a 2.4% contraction. The implication is evident: the world is slowing down. Post-pandemic, economies had briefly rallied, driven by a surging demand for global goods exports. But alas, …
“LIKE THE DOT-COM BUBBLE”: Monster stock market rally & short squeeze likely before year end
by ontrack So insider trading is considered a crazy trade now? Or an illegal one?
by Dismal-Jellyfish I would like to share some more FINRA ‘discipline’ with y’all, this time it’s Citigroup (again…) As these releases convey a ton of information, I hope this format makes sense: I am going to outline what Citigroup did from points from the filing. I am going to pull the rules they broke and attempt …
"This expansion raises not just economic and geopolitical issues but also institutional ones, including implications for a G20 that has been struggling in recent years," said Mohamed El-Erian, chief economic adviser, Allianz. Winds are shifting. https://t.co/aHNhPt3YW4 — Joetorch (@Joetorch1) August 29, 2023
China Evergrande Group lost $2.2 billion, or 79% of its market value, on Monday after its shares resumed trading in a crucial step for the world’s most indebted property firm to restructure its offshore debt. Evergrande is at the centre of a crisis in China’s property sector that has seen a string of debt defaults …
by Qplus17 The chart is behind a paywall here: https://www.bloomberg.com/news/articles/2023-08-24/washington-s-top-middle-eastern-allies-move-closer-to-china?utm_source=website&utm_medium=share&utm_campaign=twitter If you add in India you’re up to $175bn/year.
You KNEW this was going to happen…. Despite all of the frantic propaganda saying otherwise. The closer we get to the start of the U.S. Presidential Campaign Season, the desperation to freeze the conflict is growing, and nothing to show for it on the battlefield. The Democrats have to freeze this conflict before that taxpayers …
by DesmondMilesDant It’s pretty simple, really. The S&P 500 Index is a measure of the stock market’s performance and is widely considered to be one of the best indicators of the U.S. economy’s health. When it falls below its 50-day moving average (MA), that means there could be trouble ahead.
China’s share of U.S. imports just hit its lowest levels since 2003. Exports from China to the U.S. have also fallen nearly 300 bps from their highs. Just last week, the U.S. announced bans on investment in some Chinese technology. It seems that the trade war is silently back. pic.twitter.com/gsU6zaXxUK — The Kobeissi Letter (@KobeissiLetter) …
by confoundedinterest17 Yes, Bidenomics is an FDR-type massive expansion of government into the private sectors requiring massive Federal spending … and inflation. Except that it beenfits anything BIG and powerful to the detriment of the small and weak. (Bloomberg) Friday’s jobs data sparked a relief rally in bonds and a flatter yield curve, but the pain …
Rail traffic is down sharply year over year and down even further from 2021. pic.twitter.com/npvGbB4sCB — Don Johnson (@DonMiami3) August 4, 2023 Shipping giant Maersk warns of sharp slowdown in global trade as it reports profit plunge The world’s second-largest shipping company, often seen as a bellwether for global trade, posted a second-quarter profit before …
Meanwhile, numerous politicians continue to trade. Follow their trades at https://t.co/iZcT1t1j6d — unusual_whales (@unusual_whales) July 31, 2023 Campaign finance charges on Sam Bankman-Fried of FTX have been dropped. This is unusual. He gave millions to politicians. And there wasn't a list of who which politicians and groups he gave money to. Until now. See it …
Despite the Biden administration claiming ‘Bidenomics’ has kick-started an economic renaissance and the Conference Board’s Consumer Confidence Index for July rising, cautionary signs from corporations suggest inflation continues to crush the pocketbooks of the working class. The latest warning comes from Coca-Cola’s CEO, who highlighted a trend of consumers becoming more budget-conscious and switching to …
by Dismal-Jellyfish Source: https://www.dtcc.com/-/media/Files/pdf/2023/7/26/MBS1249-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/26/MBS1250-23.pdf
“The weakening external demand continues to impact China’s trade,” said Lyu Daliang, spokesman of the the General Administration of Customs. “The global economy’s recovery is lacking a driver. Global trade and investment is slowing, while unilateralism, protectionism and geopolitical risks are rising.” https://ca.finance.yahoo.com/news/china-worse-expected-exports-deal-045804232.html China’s Drop in Exports Signals Deepening Slowdown in Global Trade Campaigns by central …
Page two. pic.twitter.com/DilWYtgjaP — Ian Miles Cheong (@ianmiles) July 7, 2023
by confoundedinterest17 Welcome to why I am always dubious about Federally-reported economic numbers, like GDP. GDP was adjusted up to 2% QoQ for Q1. But what was the reason for the dramatic revision? Net trade was the biggest change: exports were revised from 0.58% to 0.86%, while imports subtracted only -0.28% from the bottom line …
If the chips were being used for production we would have seen a rise in memory demand. Instead these orders are being shelved in warehouses overseas in case the U.S. escalates trade tensions. — Financelot (@FinanceLancelot) June 29, 2023 Nvidia's largest 6 month gain in 20 years. pic.twitter.com/cVxTc9LyuQ — Mac10 (@SuburbanDrone) June 29, 2023 It's …
Who are these people you ask? well the governors, supreme court judges and the rest were uncovered in the Investigation. Lindsey Graham is there. go to Weuters /investigates/special-report/usa-slavery-lawmakers/ dot com but replace the W for a R. America’s Family Secret intersting read. More than 100 U.S. leaders REUTERS INVESTIGATION REVEALS: Every living President (even Obama) is a descendent …
https://kingworldnews.com/peak-cheap-gold-and-a-world-in-chaos/ h/t BoatSurfer600
