FT opinion article: “The energy crisis gives the US a chance to woo big European companies”. If cheap natural gas can’t come to Europe, Europe will have to go the cheap natural gas. Thread #markets #equities #bonds #energy #ESG ft.com/content/0a78d7… 1/According to the author European heavy industry has endured a grim few months. Although the fuel crisis appears to be easing and companies invest in green energy/efficiency some are also rethinking their geographic footprint.

FT opinion article: “How shadow banks threaten the global economy”. The Fed seems to think the financial world is separate from the economy. See how that works out. Thread #markets #equities #bonds ft.com/content/d22ec3… 1/The author points out that the next crisis will arise from shadow banking “institutions”. Especially those that lend to corporates. They have a lot of debt, especially in the US, and the cost is set to rise.

FT opinion article: “The dollar’s rapid rise increases risks for global economy - Dangers are particularly acute for developing countries already facing number of crises”. Our currency, but your problem #dollar #Fed #markets #bonds #equities ft.com/content/099cf5… 1/According to the author the recent rise in the dollar has attracted less attention than it should. In theory it should help exports by weaker countries and ease US inflation.

FT opinion article: “Let the Fed put money where it is really needed”. She means CBDC. The problem is that the Fed now needs to take money away, not add to it. This is not going to end well. Thread #Fed #monetary policy #markets #bonds #equities ft.com/content/0c8636… 1/The author argues that the Fed has overreached its mission. It has fuelled a shadow banking system and an asset bubble and will now have to create a recession in order to control inflation.

Bloomberg opinion article: “Big U.S. Banks Get a Little Taste of the ‘Doom Loop’ - Deepening bond losses cut into capital ratios, which put cash payouts to investors at risk.” Not only payouts. Thread #equities #bonds #banks bloomberg.com/opinion/articl… 1/According to the author US banks are getting a little taste of the European style bond doom-loop. When bond prices fall owners have to mark them to market which for a bank eats into their capital base.

FT opinion article: “Central bankers should think twice before pressing the brake even harder - The war against Ukraine has brought a new negative supply shock on top of the old one”. Harder? Thread #bonds #equities #centralbanks #monetarypolicy ft.com/content/41c248… 1/According to the author the invasion of Ukraine has silenced the debate about “transitory” inflation. But where central banks stood impacts how they react. Initially the idea was that inflation was the result of supply issues that could be ignored. This view lost out.