Sublime
An inspiration engine for ideas
Bessent was hired to strengthen the dollar by doing the opposite of all the warning signs he saw in the British Pound.
Inflated housing markets, treasury yields, etc. all pointed to the big short that the Soros fund pulled off.
Bessent's obsession with the prices of homes and the interest... See more
Derek.x.com
BRICS ignored Trump’s threat of 10% tariff surcharge and continues to expand cooperation using their own currencies.
USD is still dominant in leveraged finance, but it is increasingly fading as a trade currency in real world non-US goods and services. https://t.co/77mWGQMS7z
Excellent (and provocative) new paper from Subramanian, Kessler, and Properzi
https://t.co/SB6087TjnZ
It makes three points about globalization that are clearly in the data yet often over looked.
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Brad Setserx.com1/8
Good piece by Robin Wigglesworth extending some of the discussions set off by Brad Setser's important CFR and China Project pieces last week on China's accumulation of "shadow reserves".
https://t.co/OUi3I5pyUN
Michael Pettisx.com
Howard Marks just went on Bloomberg to share his views on Liberation Day.
Here are his insights on its economic impact and why he thinks US is still the best investment destination.
A thread 🧵 https://t.co/tqvDLGYwjJ
Austerity and recession: Three simple graphs that explain New Zealand’s economic crisis
Geoff Bertramrnz.co.nz