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  • Best Haven From US Shutdown Fears Looks to Be US’s Own Currency

    From bnnbloomberg.ca

    The greenback is once more proving it’s the only haven that matters. Treasuries are cratering — and sending other bond markets down — as a looming shutdown underscores the potential that US fiscal profligacy will spur issuance. With the Federal Reserve determined to keep interest rates higher for longer, investors are finding few places to hide apart from the world’s reserve currency. The rout in US sovereign securities is actually spurring dollar demand, by helping to drive up the interest rates that buyers of the currency can receive — and keep them elevated. Investors are facing an unprecedented third ... (full story)

Classic. Their very own, Mark Cudmore, Head of Marco Strategy; was boasting about being bearish on the dollar... it has risen 3% since his first 'economic forecast' toward a downturn.

'Paid to sound reasonable, not paid to help folk understand macro dynamics' be very careful with anything Bloomberg print from their own analysis
Break the cake
Quoting Rich.C
Classic. Their very own, Mark Cudmore, Head of Marco Strategy; was boasting about being bearish on the dollar... it has risen 3% since his first 'economic forecast' toward a downturn. 'Paid to sound reasonable, not paid to help folk understand macro dynamics' be very careful with anything Bloomberg print from their own analysis
Main Stream Media: RECESSION, RECESSION!!!
No recession...

Main Stream Media: SOFT LANDING, SOFT LANDING!!!
Recession..
Quoting TheWraith
{quote} Main Stream Media: RECESSION, RECESSION!!! No recession... Main Stream Media: SOFT LANDING, SOFT LANDING!!! Recession..
The inversion narrative!! Mark is a wee Jim Cramer!! Inverse Cudmore
Break the cake
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  • Posted: Sep 26, 2023 5:21am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 3  /  Views: 2,931

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