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Macro on yields, inflation, and debt. Most people calling the peak haven’t lived through normal rates.

NC USA
Joined June 2021
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ITALIAN UNEMPLOYMENT RATE ACTUAL 6.3% (FORECAST 6.2%, PREVIOUS 6.2%) $MACRO
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you can't squeeze blood out of a rock
S&P 500 P/E-to-profitability ratio is at its lowest level in almost 14 years 🚨
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seems strong
China's onshore yuan strengthens to 6.6621 per dollar, strongest since June 7, 2022
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The 2% inflation target the FED uses started with a random television remark by New Zealand’s Finance Minister in 1988 . They then moved it to 2% by the 1990s. They like the US Fed didn't hike this time while Canada did.
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I don't see the transfer of wealth to the children most expect
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Inflation will finally hit 2% when rome falls
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Phillips 66: Demand for gasoline down 2.5%, diesel down 1.5%.
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US 10Y Yield 5.028 Crude Oil WTI 103.31 Bond Market still doing the heavy lifting
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Policy error
*NEW ZEALAND CENTRAL BANK LEAVES BENCHMARK INTEREST RATE AT 2.75%; EST. 3.00% *NZ DOLLAR DROPS OVER 1% AS RBNZ UNEXPECTEDLY KEEPS RATE STEADY *NZ DOLLAR DROPS ALMOST 2% VS AUSSIE, MOST SINCE 2017 $NZD $AUD
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axcilla retweeted
JUST IN: Bangladesh announces plans to send 100,000 workers to Japan annually to assist with the country's labor shortages.
Readers added context they thought people might want to know
The recent Bangladesh-Japan employment framework agreement specifies no worker numbers or annual targets. The 100,000 figure reflects Bangladesh's internal targets or 2025 business statements (often over five years), not a confirmed bilateral annual plan. ryoron.com/en/articles/ba… tbsnews.net/economy/how-wi… dailynewnation.com/news/864179 mhlw.go.jp/content/118000…
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Well, Well, Well
Taiwan central bank chief: never said cpi can’t stay above 2%, 2% is merely a benchmark
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RBA Governor Bullock: CPI points to upside risks for inflation
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No one wants to admit we have pulled so much value forward in the markets we likely won't go anywhere for years
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Caesars' Las Vegas net income fell 40% this summer, to $79 million from $132 million a year ago. The company pays $6 million a day in interest — more than all 8 of its Vegas resorts earn. In possibly related news, they're bringing back 24-hour free parking for Nevada residents.
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axcilla retweeted
JUST IN: Maryland officials unanimously approve a $1.4 billion Sphere entertainment venue near Washington, D.C., with plans to open by 2030.
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API Inventory Moves 10/27 Crude -2.031 million (exp. +800,000) Gasoline +2.39 million Distillates +380,000 Cushing -453,000 SPR actual -100,000 #oott #crudeoil #gasoline #distillate
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BREAKING: Israel’s Channel 12 exit poll projects a deadlocked Knesset, with Gadi Eisenkot’s bloc securing 52 seats, Netanyahu’s bloc 50 seats, and Arab parties 18 seats. Neither major bloc reaches the 61 seats required for a majority in Israel’s 120-seat parliament.
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Everyday it is more selling while retail pumps the market trying to get out
🔴 MOC IMBALANCE S&P 500: -1050.1 MLN NASDAQ 100: -2059.8 MLN DOW 30: -136.7 MLN MAG 7: -504.0 MLN $MACRO
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The amount of unfinished homes being put on the market at discounts should let you know there is no housing shortage
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When you call it SI you can bail it out
TRUMP: IN SHORT ORDER, WE WILL BE OFFICIALLY BANNING TERM, "AI/ARTIFICIAL INTELLIGENCE," IN ALL RELEVANT DOCUMENTS
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