Good morning … And now for something completely different. A quote from one fo Global Walls most popular of popular kids … … The most interesting theme of the day was a steady but notable global rates sell-off that, for example, wiped out nearly half of last week's -10.8bps fall in 10yr UST yields. There was no obvious catalyst so maybe thin trading played a part?
A Liz Truss style bond market disruption for the US sure sounds ominous....although she certainly proved INCOMPETENT on many fronts (Ukraine, Economics). I've read/listened to interesting analysis that Truss-bashing is more about blaming UK/EU economic issues on Brexit & conservatives (FAR Right OMG!), than the more logical culprits such as debt, migration, deindustrialization, overregulation, yada yada good day all!
Prayers & more for Baltimore, and all you East Coasters considering the nightmare supply chain issues incoming. If our CA fires are any indication, recovery will be MUCH swifter than expected, the miracle of Capitalism & Stimulus I suppose.
A Liz Truss style bond market disruption for the US sure sounds ominous....although she certainly proved INCOMPETENT on many fronts (Ukraine, Economics). I've read/listened to interesting analysis that Truss-bashing is more about blaming UK/EU economic issues on Brexit & conservatives (FAR Right OMG!), than the more logical culprits such as debt, migration, deindustrialization, overregulation, yada yada good day all!
Prayers & more for Baltimore, and all you East Coasters considering the nightmare supply chain issues incoming. If our CA fires are any indication, recovery will be MUCH swifter than expected, the miracle of Capitalism & Stimulus I suppose.
I appreciate the ZH article with the details of the Dallas Fed Mfg Survey...
Talking Data Episode #290: The U.S. Stands Alone
Bianco Research
https://youtu.be/fWg5GKuNHLE?si=zwuq5RyrbGb-rsgA
Our boy SW of Bloomberg has an interesting 2-some on ZH today, he's a VERY bright younger lad imo.