This is a series of worrying headlines upon which I will expand later this week. The message seems to be unequivocal, “tin hats on”.
Argentina devalues…again
Russian central bank raises rates to 12% to stem fall in ruble
China economy slowing rapidly, yuan continues to weaken
They could do with a good “war” to deflect attention from their economic woes…Taiwan anybody?
US Treasury to issue an additional $1 trillion in USTs by the end of 2023. Who will buy them? Spoiler alert…the Fed
UST 10 year about to break above overhead resistance levels.
Crude oil is having a well earned rest but upward pressure remains; the “war” on inflation is not close to being won.
The war in Ukraine is not going well either…
European energy policy struck it lucky last winter. A burgeoning El Niño suggests this winter will be different. Who said “Nuclear!”?
US politics have gone well beyond the farcical stage…anything to keep people’s mind off the coming economic/financial breakdown
Now where’s that hat?