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EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
amazing writeup on japan's public sector balance sheet, net debt, and massive sovereign carry trade. https://t.co/JTMMXBfCKu
also interesting that sovereign spreads have widened—you’ve seen terms of trade differentiation in FX but sov debt has been slower to price differing country-by-country macro fundamentals
genuinely think the BoJ needs to emergency hike. don’t toy with the idea of shorting oil futures (you don’t have the juice for that). Ueda—the JGB steepening can end if you have the courage to do what’s right. https://t.co/cHO1FRRfAf
mexico just cut rates 25bps (split 3-2 vote) some DM central banks already getting outclassed by an EM
inflation shows up on your screen much quicker than financial stability tremors and layoffs. hawk talk out of the gate is easy; hawk walk when UnE is up a percentage point and rising, not so much
yep super nonlinear which gives you flexibility to stop worrying about a rapid snap back (ie, you can be short european cyclicals)
caught up with Politico earlier this week—reiterated that long US on a relative value basis is the best bet for DM https://t.co/Fp6nW6gQDZ
a little confused re the Zito piece, do we just publish off-the-record comments now? https://t.co/XVR4YCfUBF
new york fed manufacturing not bad at all. we’ll see how input prices are next month (the reference week didn’t catch much of the conflict) but could’ve been much worse
claude, buy norwegian equities every time Bodo/Glimt scores a goal. don’t hedge the FX. make no mistakes
im assuming we did escort a tanker but the follow up question "whose tanker?" didnt have a palatable answer
“The firms are using repo-like loans from one particular investment bank to mask debt, the letter says.” https://t.co/YLQH5cPi6f
