How to get URL link on X (Twitter) App
https://x.com/paulomacro/status/1503478938416332804?s=46
https://twitter.com/zerohedge/status/1777819657539346437If inflation misses for March and maybe April before scorching later in 2Q as I expect, the Fed has cover to be dovish *which is a shitshow negative for the long end of the curve* as it reinforces the policy mistake made months ago.
https://twitter.com/paulomacro/status/1746294872254865881I had intended to stay somewhat connected here and post interesting one-offs, but I owe it to those who took the leap of faith and were willing to sign up in support of me to focus my energy and attention on them.
https://twitter.com/hkuppy/status/1736013549569286496High interest rates have forced a destocking of physical barrels, sanctioned barrels (russia, iran, vez), SPR barrels, finished goods/products, and now (once again) paper barrels.
https://twitter.com/churnerofmarket/status/1727882316016398522High interest rates have forced a destocking of physical barrels, sanctioned barrels (russia, iran, vez), SPRs, finished goods/products, and now (again) paper barrels.
https://twitter.com/paulomacro/status/1545447082919706627Bonds are sort of doing the same thing now - chart from @donnelly_brent totally wild - if you wanna hedge a crash in bonds it is verrry expensive so nobody does, and we just realize a relentless downtrend looking for price discovery.
https://twitter.com/paulomacro/status/1709407547818639602
https://twitter.com/convertbond/status/1706333831391826085It is also the reason the giants like Blackstone, Oaktree, Apollo etc are raising billions for private credit funds. They will fill part of the void left by the banks who are stuck and unable to lend.