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โ๏ธโข๏ธ๐ฃ - ๐บ๐ธ๐ท๐บUS Ambassador to Russia Lynn Tracy complained about Putin:
๐ฌ You know, I visited different countries, talked with different leaders of states, but only next to Putin did I feel uncomfortable. It felt like I wasn't in charge here, but he was. Never experienced this before. Very unpleasant.
Clash with Reality, Dissonance ๐คฃ๐ฅ
๐ฌ You know, I visited different countries, talked with different leaders of states, but only next to Putin did I feel uncomfortable. It felt like I wasn't in charge here, but he was. Never experienced this before. Very unpleasant.
Clash with Reality, Dissonance ๐คฃ๐ฅ
โ๏ธโข๏ธ๐ฃ - ๐บ๐ธ๐ฆThe Congressional Oversight Committee (under Republicans rule) sent subpoenas to banks such as HSBC US, JPMorgan Chase, Bank of America, Cathay Bank demanding all financial records relating to the Biden family.
As we've warned - It seems that Trump's arrest has opened a Pandora's box, and now both parties are ready to destroy everything in their struggle before the elections, including the banking system. However, no one is sorry.
As we've warned - It seems that Trump's arrest has opened a Pandora's box, and now both parties are ready to destroy everything in their struggle before the elections, including the banking system. However, no one is sorry.
โก๏ธ๐บ๐ธโข๏ธ๐ฃ The end of the housing boom in G10
House prices also became stretched relative to fundamentals โ all G10 economies have seen increases in house price-to-rent ratios since the start of 2015. This largely reflects the impact of low-for-long interest rates and quantitative easing. The big question for 2023 is the extent to which rising mortgage rates will now cause a correction in house prices.
House prices also became stretched relative to fundamentals โ all G10 economies have seen increases in house price-to-rent ratios since the start of 2015. This largely reflects the impact of low-for-long interest rates and quantitative easing. The big question for 2023 is the extent to which rising mortgage rates will now cause a correction in house prices.
Media is too big
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โก๏ธ๐บ๐ธโข๏ธ๐ฃRebecca Patterson, former chief investment strategist at Bridgewater Associates, says says the surge in gold prices will continue due to global central bank purchases and demand from investors.
"We're close to an all-time high in gold. I would expect this year It's going to hit a new all-time high. Rate cut this year seems unlikely (!) " she says on "Bloomberg Surveillance."
"We're close to an all-time high in gold. I would expect this year It's going to hit a new all-time high. Rate cut this year seems unlikely (!) " she says on "Bloomberg Surveillance."
๐ Highlights of the week (April 10-16, 2023):
๐บ๐ธ Minutes of the last meeting of the US Federal Reserve (Wednesday, 12/04)
๐ธ Consumer price indices in the US and major European countries for March:
๐บ๐ธ USA (Wednesday, 12/04,)
๐ฉ๐ช Germany (Thursday, 04/13)
๐ซ๐ท France (Friday, 04/14)
๐ช๐ธ Spain (Friday, 14/04)
๐บ๐ธ US Retail Sales (Friday, 04/14) and Industrial Production (Friday, 04/14) for March
๐ IMF Semi-Annual World Economic Outlook (WEO) and Financial Stability (GSF) Reports (Tuesday, 11/04)
๐ฅ Meeting of G-20 Finance Ministers and Central Bank Governors in Washington (Wednesday, 12/04)
โ๏ธ Interest rate solutions
๐ฐ๐ท Bank of South Korea (Tuesday, 04/11)
๐จ๐ฆ Bank of Canada (Wednesday, 12/04)
๐งฎ US quarterly reporting season begins :
๐ฆ Wells Fargo & Co (Friday, 14/04)
๐ฆ JPMorgan Chase & Co (Friday, 14/04)
๐ฆ Citigroup Inc (Friday, 14/04)
๐บ๐ธ Minutes of the last meeting of the US Federal Reserve (Wednesday, 12/04)
๐ธ Consumer price indices in the US and major European countries for March:
๐บ๐ธ USA (Wednesday, 12/04,)
๐ฉ๐ช Germany (Thursday, 04/13)
๐ซ๐ท France (Friday, 04/14)
๐ช๐ธ Spain (Friday, 14/04)
๐บ๐ธ US Retail Sales (Friday, 04/14) and Industrial Production (Friday, 04/14) for March
๐ IMF Semi-Annual World Economic Outlook (WEO) and Financial Stability (GSF) Reports (Tuesday, 11/04)
๐ฅ Meeting of G-20 Finance Ministers and Central Bank Governors in Washington (Wednesday, 12/04)
โ๏ธ Interest rate solutions
๐ฐ๐ท Bank of South Korea (Tuesday, 04/11)
๐จ๐ฆ Bank of Canada (Wednesday, 12/04)
๐งฎ US quarterly reporting season begins :
๐ฆ Wells Fargo & Co (Friday, 14/04)
๐ฆ JPMorgan Chase & Co (Friday, 14/04)
๐ฆ Citigroup Inc (Friday, 14/04)
โก๏ธ๐บ๐ธโข๏ธ๐ฃMeanwhile, demand for loans and credit conditions in the US continue to worsen, the Dallas Fed said in a survey.
โThe volume of bank lending in the United States over the past 2 weeks has decreased by $ 105 billion - this is the largest decline since 1973 - writes Bloomberg
โThis dynamic could lead to a credit crunch on a full scale
โThe volume of bank lending in the United States over the past 2 weeks has decreased by $ 105 billion - this is the largest decline since 1973 - writes Bloomberg
โThis dynamic could lead to a credit crunch on a full scale
โก๏ธ๐บ๐ธโข๏ธ๐ฃ$1.5 trillion debt wall looms over US commercial real estate
Nearly $1.5 trillion of commercial real estate debt is due by the end of 2025 . The big question facing these borrowers is, who is going to lend to them for refinancing?
โ๏ธAccording to investment banks, office and retail property valuations could fall by 40% from peak to trough , increasing the risk of default.
โ๏ธAdding to the headache , small and regional banks - the industry's largest source of credit last year - were hit by an outflow of deposits following the closure of Silicon Valley Bank, raising concerns about their ability to provide financing to borrowers
Nearly $1.5 trillion of commercial real estate debt is due by the end of 2025 . The big question facing these borrowers is, who is going to lend to them for refinancing?
โ๏ธAccording to investment banks, office and retail property valuations could fall by 40% from peak to trough , increasing the risk of default.
โ๏ธAdding to the headache , small and regional banks - the industry's largest source of credit last year - were hit by an outflow of deposits following the closure of Silicon Valley Bank, raising concerns about their ability to provide financing to borrowers
โก๏ธ๐๐ซ๐ท French President Macron made a statement over the weekend that could have been a sensation if Macron had real political power and will
โ๏ธ And he said that Europe should reduce its dependence on the United States in the field of weapons, energy and, most importantly, the dollar , writes Politico
The question is only - who will let him to do this?๐ค
โ๏ธ And he said that Europe should reduce its dependence on the United States in the field of weapons, energy and, most importantly, the dollar , writes Politico
The question is only - who will let him to do this?
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POLITICO
Europe must resist pressure to become โAmericaโs followers,โ says Macron โ POLITICO
The โgreat riskโ Europe faces is getting โcaught up in crises that are not ours,โ French president says in interview.
โก๏ธ๐บ๐ธโข๏ธ๐ฃMeanwhile, the mood in the US market is going down the floor.
๐According to Bloomberg statistics, literally everyone who can short is short.
โ Judge for yourself, the volume of short positions in E-mini S&P500 futures has reached a record for 12 years.
โช๏ธAs you know, the market does not go where the crowd goes, it goes against it..
โช๏ธSo Armageddon people better calm down?๐ค
๐According to Bloomberg statistics, literally everyone who can short is short.
โ Judge for yourself, the volume of short positions in E-mini S&P500 futures has reached a record for 12 years.
โช๏ธAs you know, the market does not go where the crowd goes, it goes against it..
โช๏ธSo Armageddon people better calm down?
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โก๏ธ๐บ๐ธโข๏ธ๐ฃAgainst the background of the forthcoming statistics on inflation in the US, the largest players began to shake the situation, giving forecasts.
โช๏ธWhile the consensus calls for a slowdown as outlined above , JPMorgan said it expects a strong ๐ฅ0.5% m/m rise in the core consumer price index tomorrow, which would mean a fourth consecutive month of accelerating growth.. this will likely force the Fed raise the rate by 25 bp in May , and will force the increase again in June.
โช๏ธWhile the consensus calls for a slowdown as outlined above , JPMorgan said it expects a strong ๐ฅ0.5% m/m rise in the core consumer price index tomorrow, which would mean a fourth consecutive month of accelerating growth.. this will likely force the Fed raise the rate by 25 bp in May , and will force the increase again in June.
โก๏ธ๐ฌ๐งโข๏ธ๐ฃ In contradiction to ๐JP Morgan forecast, The fall in the money supply alarmed economists who predicted inflation before anyone else
โ๏ธBritish economists actively researching the dynamics of the money supply, who correctly predicted sky-high inflation before anyone else, are sounding the alarm again.
โ๏ธFor monetarists, growth and inflation are a function of the amount of money in circulation and its velocityโthe number of times it changes hands. And now this indicator is pointing to a decline.
โ๏ธMoney growth rates are falling in the UK, the Eurozone and the US, and experts consider this a warning of recession and deflation. Central banks have raised interest rates too much.
โ๏ธBritish economists actively researching the dynamics of the money supply, who correctly predicted sky-high inflation before anyone else, are sounding the alarm again.
โ๏ธFor monetarists, growth and inflation are a function of the amount of money in circulation and its velocityโthe number of times it changes hands. And now this indicator is pointing to a decline.
โ๏ธMoney growth rates are falling in the UK, the Eurozone and the US, and experts consider this a warning of recession and deflation. Central banks have raised interest rates too much.
โก๏ธ๐บ๐ธโข๏ธ๐ฃBank of America clients withdraw $2.3 billion from US stocks
This was noticeable across all client groups. The sales were noticeable among institutional, retail and hedge fund clients.
The outflow comes as uncertainty builds over the sustainability of the S&P 500 rally this year.
โ๏ธTuesday was the sixth day in a row that the S&P 500 moved less than 0.6% in any direction - the longest stretch. stalemate since 2021.
This was noticeable across all client groups. The sales were noticeable among institutional, retail and hedge fund clients.
The outflow comes as uncertainty builds over the sustainability of the S&P 500 rally this year.
โ๏ธTuesday was the sixth day in a row that the S&P 500 moved less than 0.6% in any direction - the longest stretch. stalemate since 2021.
โก๏ธ๐บ๐ธโข๏ธ๐ฃAnd more about the credit crisis: the fall in the availability of loans for small businesses in the United States was the largest in more than 20 years๐ฅ
โช๏ธIn the last two weeks of April, a record $105 billion in commercial bank loans and leases were sold, repaid or otherwise transferred from bank balance sheets.
โช๏ธAnd in addition, the NFIB Small Business Optimism Index was released the day before, it fell, and for the 15th month in a row it lags behind the average for 49 years.
โช๏ธBut what's even more remarkable, according to the NFIB, 9% of business owners who frequently borrowed said it was harder to get funding than three months earlier, the highest percentage since December 2012.
Worse, the 4-point monthly drop in this series was the biggest drop in credit availability in more than 20 years.
โช๏ธIn the last two weeks of April, a record $105 billion in commercial bank loans and leases were sold, repaid or otherwise transferred from bank balance sheets.
โช๏ธAnd in addition, the NFIB Small Business Optimism Index was released the day before, it fell, and for the 15th month in a row it lags behind the average for 49 years.
โช๏ธBut what's even more remarkable, according to the NFIB, 9% of business owners who frequently borrowed said it was harder to get funding than three months earlier, the highest percentage since December 2012.
Worse, the 4-point monthly drop in this series was the biggest drop in credit availability in more than 20 years.
โก๏ธ๐บ๐ธโข๏ธ๐ฃ๐ฌ Neel Kashkari: "A rate hike could trigger a recession, but maintaining high inflation would be worse." (11.04.2023) source: reuters.com
๐ฌJohn Williams: "Another rate hike is advisable." (11.04.2023) source: reuters.com
๐ฌJohn Williams: "Another rate hike is advisable." (11.04.2023) source: reuters.com
โ๏ธโข๏ธ๐ฃ - ๐บ๐ธMaybe a bullsh**t, but still -
According to economist Harry Dent, founder of the investment company HS Dent and author of several bestsellers, the biggest financial crash in history will occur by mid-June. In particular, he predicts a collapse of the S&P 500 by 86%, Nasdaq by 92% and Bitcoin by 95%.
According to our fundamental analysis - reasons are exist...
According to economist Harry Dent, founder of the investment company HS Dent and author of several bestsellers, the biggest financial crash in history will occur by mid-June. In particular, he predicts a collapse of the S&P 500 by 86%, Nasdaq by 92% and Bitcoin by 95%.
According to our fundamental analysis - reasons are exist...
โก๏ธ๐บ๐ธโข๏ธ๐ฃThe U.S. Treasury General Account ( TGA ) balance , from which the government pays expenses, reached $110 billion on April 7 (lag data ).
The cash cushion is being eaten up very quickly: on March 29, there were $162 billion on the balance sheet, and banks were flooded with liquidity .
Fed contributions to the US Treasury minus $46.2 billion:
The key problem remains the same: โ there may not be enough cache even until June! ยป๐ฅ๐
We have to look at tax revenues, that's where the intrigue is: if they turn out to be below expectations, screams and tantrums about the "debt ceiling" will be on the front pages of the mainstream media. And think - to whom to issue a cache, and to whom not. Massive bank bailouts? Oh well.
The cash cushion is being eaten up very quickly: on March 29, there were $162 billion on the balance sheet, and banks were flooded with liquidity .
Fed contributions to the US Treasury minus $46.2 billion:
The key problem remains the same: โ there may not be enough cache even until June! ยป๐ฅ
We have to look at tax revenues, that's where the intrigue is: if they turn out to be below expectations, screams and tantrums about the "debt ceiling" will be on the front pages of the mainstream media. And think - to whom to issue a cache, and to whom not. Massive bank bailouts? Oh well.
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โ๏ธโข๏ธ๐ฃ - They print USDT out of thin air and pump it into buying Bitcoin. ๐ And then they pour it into a dollar about a hamster. They don't even try to hide it anymore!!! It's easy to buy bitcoins for USDT and raise the price when it costs you nothing.๐
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