UAE should be off the grey list in the next couple months. That should provide another boost for the economy and the real estate markets.

Fortunate to be part of an ever-evolving UAE. محمد بن زايد HH Sheikh Mohammed have provided a safe, clean and efficient environment for its citizens and expats alike to flourish and prosper! #UAENationalDay 🇦🇪

How to be consistently wrong - another nugget from Secretary Janet Yellen. Yields are going a lot higher in the medium-term, unless Federal Reserve starts printing money again - QEᴺ

The current American administration is living in a past era. There is an urgent need for global leaders to understand the present realities. The world is fraught with immense risks and the real possibility of a major global conflict. The world is changing fast.

Over the next few years, the most important divergence that one has to lookout for in markets is that between long-term yields and the strength of the dollar (specifically yields rising and dollar weakness).

Capitalists killed Capitalism

A prediction for year-end 2023:
- inflation down (for the US)
- commodities down
- equities down
- treasury yield down (rates rally)

Thereafter, it’s a rocky road.

Too much issuance from the US govt will make it extremely uncertain. And, Federal Reserve actions will add to it.

'Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate,' Treasury Secretary Mellon told President Hoover, after the Crash of 1929. 'It will purge the rottenness out of the system, enterprising people will pick up the wrecks from less competent people.'

It’s all about liquidity! And here we sit, nearly 500bps higher on short rates, but between the BOJ, European Central Bank and the SVB “bailout” a liquidity drain never happened. With the debt ceiling charade to be soon behind us, is a liquidity drain in store for markets due to t-bill issuance?

US$1.5tn in CRE loans coming due in the next 3 years. Industry now wants a govt bailout, because losses are meant to be socialised & profits are privatised in America! The US is becoming a banana republic, where capitalism is dying by a thousand cuts. Federal Reserve Treasury Department

Blind leading the blind! Federal Reserve

America has truly become a #BailoutNation . The Federal Reserve & Treasury Department are working hard to undermine the USD’s dominance as a global reserve currency - with bailouts, endless money printing with different acronyms (QE, BTFP, etc), and uncontrolled federal spending/deficits.

The equity value of PE LBO deals - deals with substantial debt/leverage - based on where their debt trades in the secondary market is basically ZERO. Most PE firms still have to recognise this in their fund NAV. Next the Federal Reserve will backstop the investors in these funds?

It’s baffling to see more policy errors on the part of Federal Reserve. We’re in for a massive spike in inflation if they back off from rate hikes and QT. Federal Reserve’s balance sheet is as screwed as that of SVIB’s. Its the blind leading the blind!

We need to restore the integrity of capitalism.

America and most of the developed world needs a disruption in politics along with an end to woke culture. I’m rooting/hoping for Vivek Ramaswamy to run for President Biden.

The US consumer will suffer most if the govt debt is not brought under control. The inflation problems of today stem from crony capitalism in the name of brazen money printing by Federal Reserve & all kinds of bailout policies. Congress should pass a bill for no budget deficits.

Totally unsustainable debt trajectory, Secretary Janet Yellen. The debt has increased by 50% in 5 years. And Federal Reserve wonders why inflation is going to stay sticky? Stop printing money and pull cash out of the system. Wars will end, asset prices will fall and inflation will collapse.

Merry Christmas 🎄 Wishing everyone a happy holiday season filled with joy, love and peace.