US threatens an economic “Iron Curtain”…but the west is on the “USSR side” of the curtain     -Title of the 7/30/24 edition of FFTT In a few simple charts we show that the BRICS+ make and net export goods while the West (US, EU, Japan, etc.) make and net export debt; as such,any economic “Iron Curtain” is highly likely to accelerate several powerful structural forces in coming quarters/years: a) Deflation and lower bond yields in the

You are going to see a crack in the bond market — OK?  It is going to happen.     -JPM CEO Jamie Dimon, via WSJ, 5/30/25 I do not believe that these issues will cause a crisis in the next five to 10 years, and, unfortunately, this may lull us into a false sense of security. But after 10 years, it will become clear that action will need to be taken. The problem is not that

With the US/China trade war and the US fiscal situation dominating much of the macro news these days, we thought it would be timely to put together the presentation at the link below about how the two issues are essentially two sides of the same coin: