Here is the real story about BRICS vs the US.
BRICS Units of Money Supply 435.46 Trillion. LOL!
vs
US $20.67 Trillion
Would you like to own BRICS Currency? Or the US $?
There are 2016 X more BRICS currencies in existence vs the US.
A 3rd grader could tell you the BRICS are silly as a viable option to the US $.
Global Central Bank Balance Sheet denominated in USD has broken the uptrend line down almost 16% or $5 trillion which is about 5% of Global GDP.
Why does that matter to you? Because there are $5 trillion more bonds available that have been invested in the bond market which takes away from other asset classes.
While global debt has skyrocketed (meaning more ...
Business loans relative to money supply spikes during periods of recessions.
As you can see the law of diminishing returns is creating lower highs,
As per this chart there is no indication we are in a recession. Why?
I would argue because we are still in a recession since 2020.
You can't fix an insolvency problem with liquidity.
ECONOMICS:USCPCEPIMM
Core PCE prices in the US, which exclude food and energy,
rose by 0.2% from the previous month in December of 2023, aligned with market estimates, and picking up slightly from the 0.1% increase in November.
From the previous year,
Core PCE prices edged 2.9% higher,
undershooting market estimates of 3% to mark the lowest reading since...
ECONOMICS:JPINTR -0.1% November/2023
The Bank of Japan (BoJ) maintained its key short-term interest rate at -0.1% and that of 10-year bond yields at around 0% in a final meeting of the year by unanimous vote, as widely expected.
The central bank also left unchanged a loose upper band of 1.0% set for the long-term government bond yield.
The board said that it...
Macro paradigm shift unfolding before our eyes...
Something that very few of us have ever seen before!
Be ready!
#inflation #gold #silver #crudeoil #copper #uranium
ECONOMICS:USGDPQQ (Q3/2023)
The American Economy ( ECONOMICS:USGDPQQ ) expanded an annualized 4.9% in the Third Quarter of 2023, slightly below 5.2% in the second estimate,
but matching the 4.9% initially reported in the advance estimate.
It still marks the strongest growth since Q4 2021.
Consumer spending rose less than initially anticipated (3.1% vs 3.6% in...
How high will gold prices reach? They will rise in proportion to the U.S. debt.
Today, we will study the relationship between U.S. debt and gold prices during these periods. We will also explore how high gold prices might go and how soon they could reach these levels.
Micro Fold Futures
Ticker: MGC
Minimum fluctuation:
0.10 per troy ounce = $1.00
Disclaimer:
•...
Macro Monday 43
Japan Composite PMI – Japan’s Business Activity
(Flash PMI is released Tuesday 23rd April 2024)
Unfortunately, I had great difficulty in locating the Japan Composite Flash PMI in chart form on TradingView (it appears to not be available).
Instead we will briefly cover the Japan Composite PMI chart which is the final PMI released later...
I believe the SBP will keep the policy rate unchanged at 22% in the upcoming MPC meeting. Due to the following points:
1. Inflation has been decreasing month by month due to lower food inflation, which holds greater weightage in our national CPI. However, it's important to note that this decrease may be temporary, as it coincides with the wheat cutting crop time,...
ECONOMICS:JPIRYY (March/2024)
The annual inflation rate in Japan ticked lower to 2.7% in March 2024 from February's 3-month peak of 2.8%, matching market consensus.
There were slowdowns in prices of transport (2.9% vs 3.0% in February), clothes (2.0% vs 2.6%), furniture & household utensils (3.2% vs 5.1%), healthcare (1.5% vs 1.8%), communication (0.2% vs 1.4%),...
Macro Monday 42
Japan Reuters Tankan Index – Business Sentiment
(Released this Wednesday 17th April 2024)
Firstly lets briefly cover the Japan Consumer Sentiment we covered last week,
Japan Consumer Sentiment
Last week we covered the Japan Consumer Confidence Index (CCI), which provided a great indication of how the Japanese consumer is feeling. The...
