FED’S LOGAN: HIGHER YIELDS MAY MEAN LESS NEED TO RAISE RATES     – Bloomberg, 10/9/23 Rise in bond yields may substitute for a rate hike, Fed’s Daly says     – Bloomberg, 10/10/23 Key Points:

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

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