All Macro-Thematic Trend Reports:

Fade the drop in 10y UST yields; 10y UST yields, oil, gold, and USD should all rise on Israel/Hamas war (FFTT, 10/10/23)

War is inflationary.      -Zoltan Pozsar, 8/1/22 This is a Pearl Harbor type of moment for Israel, where there was reality up until today, and then there will be reality after today.     -Fmr. Israel Defense Forces (IDF) int’l spokesperson Jonathan Conricus, 10/7/23 The Bank of Israel said on Monday it will sell up to $30 billion of foreign currency in the open market, the central bank’s first ever sale of foreign exchange, to maintain stability during

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The global sovereign debt bubble is popping due to the convexity of net effective UST supplies (FFTT, 10/3/23)

The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases.     –“PBOC says no longer in China’s interest to grow FX reserves”: BBG, 11/21/13 I think that our American friends are quite simply cutting the branch they are sitting on. You cannot mix politics and the economy, but this is what is happening now. I have always thought and still think today that

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