Oil prices contine to fall - now the lowest since the first half of 2021. That will be helpfully painful for Russia. It will also undermine Trump's drill baby drill. And reduce costs in the UK. ... C… (View Post)
The US simply doesn't have enough people or factories to make all the stuff it imports from other countries. So it will have to do some combination of paying higher prices and consuming fewer goods. … (View Post)
The EU had better start issuing a few hundred billion jointly guaranteed short-dated debt. Need somewhere for all the central bank reserve money fleeing the US treasury market to go. (View Post)
Right now the market are spectators. We've had the shift from "it's a negotiating ploy" to "some tariffs will be permanent but some are for negotiating purposes" being priced in. … (View Post)