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I think you’ll find the Swap lines are for emergencies and that Trump/Bessant has told the Europeans to get serious about trade deals, if you want them back…..The Fed has bailed Euro banks/countries out a number of times…..Now they know the Fed ain’t there and considering there is a load of market evidence the Euroweenies have been dumping US assets to make the US economy look sick under Trump….this action may be retaliation…..
It might account for the Bond turn, as the Euro traders realised they have been ‘Trumped’ and covered US bond shorts, or started to, as the short possy is huge.
Re Rates…Zero reported that a buyer of Bonds stepped in ystdy, just as it all looked horrible….could well have been that Belgian Post office , in that small village of 50 people…..that is 4th largest holder of US treasuries…..though in fairness Belgium has some huge financial Co’s based there, plus Euro Clear…..
“Apparently, the Trump administration—together with the Federal Reserve—has frozen existing dollar swap lines with the Eurozone. These swaps are liquidity arrangements between central banks in U.S. dollars. Eurozone banks can no longer access emergency dollar liquidity when shortages arise.”
“Much of the EU’s foreign trade depends on access to the reserve currency. If this tap runs dry, supply chains could rupture, and transatlantic trade may partially grind to a halt. One thing is clear: with this financial lever, Donald Trump and the United States wield a geopolitical weapon of considerable force.”
So, I’m puzzled as to how EU countries are supposed to buy US goods as demanded, if they aren’t able to borrow USD or obtain USD through swaps?
Both metals up near 1% early as the dollar is slipping back some. Oddly enough rates are also slipping a couple bips as whoever wants rates back below 4.5% is pushing hard.
PM shares look firm, GDX & GDXJ both up 1.5%+ at the moment.
SM futures are steady, oil and Bitcoin down some, but not much.
I guess we’ll find out if we can sustain a move up on the last day of the week.
Geeze did she quack when she talked too? Yea there is a blood test and best to get it done every six months. She bypassed the basic steps probably for money and the other part a sadist. There are also different procedures to obtain the biopsy. As far as I know there’s 3 different ways. Men should research them, the chances of pain, and the possible complications. If the blood test and palpations come back that they should do a biopsy he should know which test he would prefer and know the correct procedure and what method of anesthesia they are supposed to use and the after effects. He should not have been in pain like that. That was one of my only worries with my biopsy was it was local anesthesia and I’m allergic to epinephrine of all things and locals have epi even the dentist and we’re I found out. But no problem he gave me something else. I probably should wear a med alert for that one. It caused me anaphylactic shock symptoms after a dentist gave me too much. Then did it again and I had to dilute it fast and after that another dentist wanted to know who he was because he thought he needs to be reported, I might not be the only one he’s doing that to.
This doctor definitely should have been reported. You just don’t say out of the blue you want to do a biopsy and do it like that and then want to do another because could of missed something and didn’t even do a blood test. I’m not big in reporting doctors but some like that need to be.
My friend had urinary problems, and his PCP sent him to this aggressive urologist who kept telling him “IF you have cancer…” . He didn’t understand fully that he was not yet diagnosed and likely did NOT have cancer. But she scared and bullied him. She had a needle gun and was aggressive about using it. Even after the biopsies came back negative she told him it might have missed something and wanted to perform another set of biopsies!! This he refused and asked if there were any other non-invasive tests. She finally admitted there were blood tests… not as accurate… but she gave him those later. I really felt sorry for him. He sat on the toilet bleeding for days afterward.
This young lady is giving the best presentation of what is happening to America as you watch, and also how and why it is happening. The next “planned collapse” will make 2008 look like a slight hiccup in comparison…and she tells you how it is being done. IMO you better listen up….or you’ll go down with the “ship. SnG!
That’s true, I’ve read they’ve done that before, say buy when they sell and sell when they buy. I think the gold bugs are going to be hard ones to deal with. They already bought, can buy more and as far as stocks know the risks despite the fundamentals and buy and sell without waiting to see what the institutions are doing and probably prefer they don’t don’t get involved to falsely distort the stocks and mess up the charts anyways.
When was the last time GS put out a rec, that was anything other than lining you up, so they can take the other side…..and it’s not like they have only just started , they have been doing it for decades.
Why anyone does business with them is beyond me…..
and I agree on ZH, unless they want to publicise their recs, so more people wake up to their games….when they look at how empty their accounts are.
… that will do nothing but collapse our now peaking complex society …
… if human’s propensity to become dependent on the internet in general is an indication of how dependent we will become to AI … whose future is a function of ever-increasing electricity requirements that will not be available in the not too distant future due to green energy lunacy and misguided macro policy … still … in the meantime it will dumb-down humans to a potentially dangerous level …
So the MAGS and semi’s will probably only double one time again from here … and PMs will go in the toilet again … chuckle.
Just buy gold I guess mean just ignore what they perceive the rest are doing.
Reflexivity is a theory that positive feedback loops between expectations and economic fundamentals can cause price trends that substantially and persistently deviate from equilibrium prices. Reflexivity’s primary proponent is George Soros, who credits it with much of his success as an investor
Soros uses them. Used for AI and more. Here’s one example
keeps citing Goldman as a source of market insights……
But, here is a headline from a “premium” article (I don’t pay for the service). Not quite sure what this headline entails, but thought I’d share here…..
Goldman’s Shocking Admission: Only Offramp To Break Treasury-Stock Reflexive Selling Loop Means Buy Gold, Crypto
My goodness, I wonder which type of biopsy he had? I’m just talking about regular tests. Biopsy come after if they find something say in their blood test or abnormal lumps or something. I’ve heard that too, not that everybody gets it but that it’s age related and they’ll probably die before it kills them. That is a careless statement and got to consider how far back it started. Was it age 60 was old? 70? Not everyone ages the same either. There’s 100 yr olds that are more active than 80 yr olds or even 70 yr olds.
It’s prudent to obtain multi areas and even then one can be missed. I had multi areas of my thyroid done at once but had a very good doctor, I felt no pain just some pressure. Figure it this way if you have cancer it’s going to kill you and you have a better chance of early detection with biopsy.
If they really believe that all men are going to get prostrate cancer by a certain age while don’t they just remove it by a certain age?
They say the same thing about skin cancer and I’ve seen some pretty sad ends that were totally preventable. It really depends on what is going on with the person. One was a sailor and he also had a fishing boat he was on all the time. He was out there fishing till almost a 100 but died at a 100 from skin cancer. He was still in good shape, better than some 50 yr olds. He probably would if lived another 20 yrs.
Our leaders seem to have overlooked the most pressing (IMO) issue facing us … the deficit and excessive spending leading to eventual hyperinflation and the destruction of the US dollar.
In an embarrassing episode that will help aggravate society’s uneasy relationship with artificial intelligence, the Chicago Sun-Times, Philadelphia Inquirer and other newspapers around the country published a summer-reading list where most of the books were entirely made up by ChatGPT.
Weird action. Looks like rates are heading back up, now 4.61%, and apparently that’s good for gold. For the last 25 years, rising rates have been bad for gold and good for the dollar. Now it’s completely opposite.
Silver still stinks but gold looks like it could turn. I think the SM is in big trouble right now. The globalists have regrouped and are going to tear down whatever they can. The good news is that there’s no inflation, there’s a coming deflation IMHO. Housing here in Florida is decimated, tons for sale, nothing moving. So, if you have gold or Bitcoin, there might be some good assets to pick up on the cheap in the next year.
Course all this supposes a country/world that stays somewhat normal, and we don’t devolve into civil or world war. Depending on how far the globalists are willing to go, civil war is a real possibility in the US and Europe. Just a hunch.
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