Discover and read the best of Twitter Threads about #usdwreckingball
Most recents (5)
Musings of the Day, 5/24/23:
This is all brave talk for the BOE -- before it has to plug another hole in the Gilt market and sacrifice GBP again.
#USDWreckingBall
twitter.com/i/web/status/1…
This is all brave talk for the BOE -- before it has to plug another hole in the Gilt market and sacrifice GBP again.
#USDWreckingBall
twitter.com/i/web/status/1…
MbS warning/blaming speculators yesterday for Oil’s weakness reminds me of Mahathir’s similar accusation of speculators when the Malaysian Ringitt devalued in Summer’97 (which cascaded into the Asian Contagion of ‘98).
It’s a tell on underlying MACRO WEAKNESS.
@BurggrabenH
It’s a tell on underlying MACRO WEAKNESS.
@BurggrabenH
I'm gonna tell you Oil Bulls right now:
This move is a FADE.
OPEC+ will have to cut again before the year is over, imho.
@BurggrabenH
This move is a FADE.
OPEC+ will have to cut again before the year is over, imho.
@BurggrabenH
Musings of the Day, 3/24/23:
I said yesterday to a friend that I kinda miss being in the HF manager seat right now given all the opportunity.
Nah, I take that back. 😎
I said yesterday to a friend that I kinda miss being in the HF manager seat right now given all the opportunity.
Nah, I take that back. 😎
During GFC while domestic PBs like MS and GS were kicking long-time clients out (like myself and many of my competitors) in a desperate bid to save themselves in the wake of Lehman, it was BNP Paribas that allowed me to keep my positions.
I hope they don’t get dragged down by… twitter.com/i/web/status/1…
I hope they don’t get dragged down by… twitter.com/i/web/status/1…
I will say that the one thing I miss right now is giving up my ISDAs (due to all the attendant hassles).
Musings of the Day, 2/24/23:
This really is a myth and to everyone that perpetuates it, I ask:
What is China's alternative that can match the combination of liquidity and safety of USTs?
This really is a myth and to everyone that perpetuates it, I ask:
What is China's alternative that can match the combination of liquidity and safety of USTs?
I call attention to this other paper that I quote in my West Point paper (to be released on my Substack tomorrow):
"The first key element behind the Dollar’s Imperial Circle is the direction of capital flows towards the U.S. economy as the main destination that has the capacity to absorb saving coming mainly from Asia."
Musings of the Day, 2/15/23:
Gold is confirming my suspicion that #1 (USD Wrecking Ball) is about to slam risk.
Interestingly, $BTC / High Duration Garbage like $ARKK is bucking that trend right now.
Who's gonna win out? 🤔
Gold is confirming my suspicion that #1 (USD Wrecking Ball) is about to slam risk.
Interestingly, $BTC / High Duration Garbage like $ARKK is bucking that trend right now.
Who's gonna win out? 🤔
Yellow = Today's Yield Curve
Pink = 1 Month Ago Yield Curve
Risk Assets are whistling past the graveyard again.☠️💀
Pink = 1 Month Ago Yield Curve
Risk Assets are whistling past the graveyard again.☠️💀
Do y'all remember this thread?
JPY is on fast approach to the first Fed/BOJ "picture-painting" intervention zone of Q3'22.
#USDWreckingBall
urbankaoboy.substack.com/p/re-inflation…
JPY is on fast approach to the first Fed/BOJ "picture-painting" intervention zone of Q3'22.
#USDWreckingBall
urbankaoboy.substack.com/p/re-inflation…
Musings of the Day, 12/10/22:
BOE is in same quandary as ECB/BOJ/PBOC — can they out-hawk the Fed?
Conversely, when we truly pivot, will RoW hold out and let Fed out-dove them?
#USDWreckingBall
BOE is in same quandary as ECB/BOJ/PBOC — can they out-hawk the Fed?
Conversely, when we truly pivot, will RoW hold out and let Fed out-dove them?
#USDWreckingBall
Missed this Fir Tree lawsuit over $GBTC. Thanks for flagging this, @DoombergT. Must-read.
From GS this am:
“The last few weeks have demonstrated how prone the market is to FCI easing when the marginal policy decision becomes incrementally dovish.”
“The last few weeks have demonstrated how prone the market is to FCI easing when the marginal policy decision becomes incrementally dovish.”
