Newsletter

Long-term US Treasuries reach a new low. 7 stocks drive the S&P 500. Small caps & EM dominated the 2000s. Gold trades at a premium in China. German house prices in free-fall.

Fed screws the middle class. Small caps are getting crushed. ECB hikes another 0.25%. Chinese real estate is the largest asset class. The end of free trade?

Low expectations on China. Long big tech, short China. Apple still relies on China. US CPI rebounded in August. German bankruptcies on the rise.

Housing is quite affordable in the US. US gov’t spending continues. China is no longer no.1 in US imports. China has cut UST holdings by 35%. Brazil is back.

There’ll be no US recession. CRE is not doing well. Credit card delinquency at 30-year high. China’s private debt may have peaked. Chinese gov’t stimulates stock trading.

Bottom record for China’s GDP. High rates hit hard when debt is massive. US money supply continues to fall. Thaksin returns to Thailand. If government…

US corporate bankruptcies double. American life expectancy falling. PBOC cuts rates. The Yuan has lost ground. China FDI at a 25-year low.

Cleveland Fed expects inflation to reaccelerate. S&P Global drops ESG ratings. Chinese export prices see a massive drop. Factory-building boosts US GDP growth. World debt at $225trn.

Fitch downgrades US gov’t debt. Americans don’t have much savings. Uber delivers first operating profit ever. S&P 500 has one of its best years. Electrification demands minerals and metals.

Fed hikes another 0.25%. Thought the US was in trouble? Look at the UK. More Brits regret Brexit. Falling office rents in the Americas. X.