“The “Art of the Deal” Might Be Growing Tiresome. DID Someone Say “Stagflation?””, – WRITE: www.coindesk.com
The Stock Market Initially Bounced Off A Sharply Lower Opening and Bitcoin (BTC) Rose Through $ 91,000 as Commerce Secretary Howard Lutnick 25% Tariff For Any Goods or Services Covered Under A Previous Trade Agreement. The Nicer Stance Town of the Country’s Neighbor to the South Was ConfirMed Later by A Social Media Post from Trump.
The Positive Moves in Markets Were Short-Lived Thought, With The Nasdaq at It ITSSion Low Just Past The Noon Hour on the East Cost, Down 2.3%. Bitcoin have Pulled Back to $ 88,500, Down Nearly 1% Over The Past 24 Hours.
This just in: stagflationPossibly Lost in the UNNDING EBB AND FLOW OF News Emanating Out of DC is a Sharp Rise in Interest Rates Across The Developed World.
With US Military Support for Europe Possibly on the Decline, Governments Across The Continent Are Pielding Budget-Busting Increases in Defense Spending. Germany, for Instance, This Week Saw One of Its Worst Bond Crashes Ever, With The 10-YEAR BUND YIELD JUMPING MORE THAN 40 BASIS POINTS TO THE CURRENT 2.83%.
In japan, WHERE Long-Term Japanese Government Bond (JGB) Yields Were Little More than a Handful Basis Points for What Seemed Like Decades, The 10-Yyear JGB YELD ROSE overnight. That’s more than doubble the level of SIX MONTS AGO.
The Moves Haven’s Been Ignored by US Markets. The 10-Year Treasury Yield-WHICH HAD PREVIUSLY HAD DECLINED ABOUT 70 BASIS POINTS SINCE OF THE TRUMP INAUGUGration-Has Risen More Than 20 Basis Points in the Last 48 Hours to 4.30%.
“The Recent Move in Global Bond Yields Has Put Me On High Alert,” Wrote Lekker Capital’s Quinn Thompson. Particularly Concerning to Thompson is that yields are rising as growth slings.
“We Are Witnessing The Exact Definition of Stagflation Which Historical Has Not Treated Risk Assets Well,” He Continued.
Friday Brings The Latest US Jobs FiguresThe Large Gains in Interest Rates Brings A Renewed Importance To The February US Nonfarm Payrolls Report to Be Released Friday Morning.
Economists Are Expecting Payrolls to Have Risen 160,000 Versus 143,000 in January. The UNEMPLYMENT RATE IS SEEN REMINING STEADY AT 4%. A strong Print – and Employment Reports Have TENDED TO RUN AHEAD OF Experts for Many MONTHS RUNNING – COURld Sandes Pumping Even Higher, And Risk Markets, Crypto.
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