This is the performance of EM FX since the post-COVID inflation shock began in early 2022 and the Fed started hiking. There has been only one EM safe harbor in this storm, which is Latin America. This outperformance is a total break from the past and a sign of things to come...

Santiago Capital 🇺🇸 Kyle Bass 🇹🇼 Is it normal for interest rates to double in 4 days? Just asking for a friend. #HKD #hibor

nytimes.com/2024/04/29/bus…

⚡JUST IN
#China April official #PMI
Manufacturing PMI 50.4 [Est.50.3 Prev.50.8]
Non-Manufacturing PMI 51.2 [Est.52.2 Prev.53.0]
Composite PMI 51.7 [Prev.52.7]
Thread 1/n #manufacturing #EconTwitter 🇨🇳

Great quote I read in Weekend FT from movie director James Cameron, “We’re all generative AI’s - we’re all vast data sets of every experience we’ve ever had. Generative AI can give you a bitmap and give you an image, but can’t give you an emotion.”

So…
When 170
When 180
When 190
and…
When 200

Excellent post on central banks until central bank independence is brought up ... central banks have never been independent ... their 'independence' is pure narrative BS offered up by Economists ...

Richard Field The US Fed charter says if there is a disagreement btwn their policy and Treasury policy, Treasury policy wins.

How was your day at work?

👇

Lofoten | Norway

The hour has come for me to explore the darkest, most redemptive and monumental work of all time by the greatest poet in history:
Dante Alighieri - Divine Comedy 🔥

(To enhance readability, I shall employ copious numerical figures).
A Thread 🧵👇

The Yen Never Lies

Watching the markets and how they have been behaving these past few weeks, I feel we are at a crucial junction for global markets.

The Yen has always played a pivotal role in global markets, sometimes a bit more.

open.substack.com/pub/michaelnic…

#Yen #USD #CNH #Yuan …

Ha…this is no mystery

Anthony Edwards on Kevin Durant:

“I got the utmost respect for KD… I’ve watched every one of his games since I was 5. I love that guy. I’m excited to play with him this summer, talk a little trash and let him know I sent him home.”

Some of Europe’s most indebted governments are heading for a painful reckoning this year as their ambitions to cut down on borrowing collide with political reality trib.al/IyybcBx

Greece

This angle of Anthony Edwards dunk. 🤯

(via Steve Little)

Santiago Capital jedward Yep, the only way for the Yen to strengthen is through global calamity where Yen would be repatriated en masse.