There's a lot to unpack from Jay C. Shambaugh's speech at PIIE, including on EM debt flows, restructurings, IMF arrears & financing assurances policies, or legislative options

A thread with interesting snippets ⤵️🧵

piie.com/events/2024/us…

After the Israeli drone strike on an Iranian air base at 10:15 PM NY time, the S&P 500 exhibited resilience, swiftly rebounding from its low point of 4,964 theBoomBust.com

In a new PS Big Picture, Peking University’s Yang Yao, Yu Yongding, Nouriel Roubini, Nancy Qian of Kellogg School, and more assess what it will take to improve China’s economic prospects. bit.ly/3vRA2aW

🚨 THE ULTIMATE BITCOIN DEBATE IS HERE 🚨

Crypto Banter and zerohedge are bringing you WallStreet's BIGGEST Bitcoin bulls and bears for the biggest debate in crypto history!

Join us LIVE with Anthony Scaramucci Peter Schiff Erik Voorhees Nouriel Roubini on 3 May (7pm EST).

LFG!!!

The GREAT BITCOIN DEBATE is happening!

I’ll be taking the stage for this discussion alongside Peter Schiff Nouriel Roubini Erik Voorhees for the zerohedge and Crypto Banter Great Bitcoin debate happening on 3 May at 7pm EST!

Be sure to set your reminders now!

Without a matching increase in domestic demand from private consumption, China's over-investment in EVs and other higher-tech sectors will lead to excess capacity, which in turn will be dumped in global markets, writes Nouriel Roubini. bit.ly/3xnToou

Many well meaning supporters of Israel think Bibi is the right man to lead the war effort. They are wrong. Without him, there would never have been an October 7th. Let's look at the full history:

* Netanyahu voted for the Gaza disengagement, which allowed Hamas to take over. He

Terrorist organizations directly taking orders from the Iranian government. So get a life and don’t hide behind fig leafs …

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SCMP: 'A select group of China’s state-owned enterprises has been designated as the vanguard of development for emerging and future industries, another step in Beijing’s campaign to break through to the bleeding edge in...

sc.mp/jb4e7?utm_sour… via @scmpnews

As Shaiel Ben-Ephraim wrote:

Israel hit an annex of the Iranian consulate in Damascus today, and many are blaming Israel for violating international law by doing so. However, lets make a list of all the attacks Iran has made on embassies, shall we?

1) In 1829, Persians sacked the

This morning, a higher #oil price is among the major market movers, with its potential stagflationary impact weighing on stock futures and pushing yields higher. Per the Bloomberg chart below, Brent oil is trading at $89, fueled by concerns about a wider Middle East conflict

“Israel hit an annex of the Iranian consulate in Damascus today, and many are blaming Israel for violating international law by doing so. However, let’s make a list of all the attacks Iran has made on embassies, shall we?…The Iranians are the masters of attacking embassies and

From the Financial Times article on banks and property-related debt:
'Newmark, a real estate advisory and brokerage company, said the estimated $2tn of US commercial real estate debt maturing between this year and 2026 would have to be refinanced at much higher interest rates. According to

Bond Yields Up and Gold Up?

Our new global bestseller 'When Markets Speak' - Classic 1970s action, the inverse relationship between gold and 10-year Treasury yields is starting to decouple. Gold at all-time highs in the face of bond market weakness is trouble for the Fed (and

Forbes on what has happened to the very very very top of the global wealth pyramid:
'As a group, the World’s Billionaires are 120% richer than they were a decade ago. But these 14 [with wealth in excess of $100 billion], whose wealth is up 255% over the same stretch, have done

Israel hit an annex of the Iranian consulate in Damascus today, and many are blaming Israel for violating international law by doing so. However, lets make a list of all the attacks Iran has made on embassies, shall we?

1) In 1829, Persians sacked the Russian embassy in Tehran

Martin Wolf: For all its faults, democracy is still better than autocracy on.ft.com/4ajndoX

Doudble Signal Today on April Fools’ “Day Trading”