In recent days, I’ve been writing more about emerging markets (EM). That’s because the Dollar continues to fall sharply versus EM, which in my opinion signals that more Dollar weakness is coming. But of course there’s a massive amount of heterogeneity across the EM landscape. The Turkish Lira has continued to fall, reflecting trade and current account ...

Weird vibes this week as there is fear building about a credit crisis triggered by illiquid private credit, private equity, and/or software and tech issuance and credit quality. We are seeing some huge moves in names like Apollo (down 8%), KKR (down 5%) and the regional bank ETF (KRE, down 5% today and 10% this week). The funny thing about credit is that it ...

Legendary macro investor Stan Druckenmiller joins Hard Lessons for a conversation with Iliana Bouzali, Global Head of Derivatives Distribution and Structuring at Morgan Stanley. Druckenmiller reflects on his early career and how he learned to act decisively and change course quickly when the facts on the ground shift. Hear how he would construct a portfolio ...

TRUMP: IRAN ISN'T GETTING TO THE RIGHT ANSWER. ... TRUMP ON IRAN STRIKE IMPACT ON OIL PRICES: NOT CONCERNED TRUMP: NOT HAPPY WITH NEGOTIATIONS ON IRAN ...

*RUBIO: WILL CONSIDER OTHER MEASURES IF IRAN DOES NOT STOP *RUBIO: IRAN MUST STOP TAKING HOSTAGES they moved from Nuclear to hostages

The recent Decision of the United States Supreme Court concerning TARIFFS could allow for Hundreds of Billions of Dollars to be returned to Countries and Companies that have been “ripping off” the United States of America for many years, and now, according to this Decision, could actually continue to do so, at an even increased level. I am sure that the Supreme Court did not have this in mind! It doesn’t make sense that Countries and Companies that took advantage of us for decades, receiving Billions and Billions of Dollars that they should not have been allowed to receive, would now be entitled to an undeserved “windfall,” the likes of which the World has never seen before, as a result of this highly disappointing, to say the least, ruling. Is a Rehearing or Readjudication of this case possible??? PRESIDENT DONALD J. TRUMP US PRESIDENT TRUMP ON SCOTUS TARIFF RULING: IS A REHEARING OR READJUDICATION OF THIS CASE POSSIBLE??? – TSL ...

The Federal Reserve is reportedly challenging two subpoenas at the heart of US Attorney Jeanine Pirro’s criminal investigation into Fed Chair Jerome Powell. The Wall Street Journal reported Friday that the Fed, in sealed proceedings, is asking a judge to squash the subpoenas, which could reduce or eliminate its obligation to respond. Pirro, a longtime ...

AUD/USD has delivered an impressive multi-week advance, reclaiming ground steadily since the January lows and carrying price back toward three-year highs. The move has been persistent, with buyers defending dips and momentum remaining firm, but the pair now confronts a major ceiling that has historically capped gains. As the rally matures, attention shifts ...

U.S. wholesale prices came in hotter than expected last month. The Labor Department reported Friday that its producer price index, which measures inflation before it hits consumers, rose 0.5% from December and 2.9% from January 2025. Economists had forecast a 0.3% increase for the month and 1.6% year over year, according to a survey by the data firm ...

Japan’s Â¥1,400tn ($9tn-$10tn) public debt dominates almost every fiscal debate. Far less attention is paid to the other side of the balance sheet. Japan owns one of the largest portfolios of public commercial assets in the developed world – spanning land, buildings, infrastructure, financial institutions and operating companies – yet these assets barely ...

My instant reaction in client-focused chat rooms upon seeing these numbers was that they were much better than expected because of the details. Headlines dwelled on the GDP contraction of –0.6% q/q at a seasonally adjusted and annualized rate (SAAR). That placed emphasis upon the wrong thing from a Bank of Canada standpoint. Markets generally understood the ...

Trump: I haven't made a decision on Iran. Not happy with how they negotiate. Trump: Iran can't have a nuclear weapon. Trump: Maybe we'll have a friendly takeover of Cuba. Trump: There may or may not be regime change in Iran. TRUMP, ASKED ABOUT USING MILITARY FORCE IN IRAN: DON'T WANT TO, BUT SOMETIMES YOU HAVE TO

The United States must drop its “excessive demands” in nuclear talks with Iran to achieve a successful outcome, the Iranian foreign minister has said, as the US embassy in Jerusalem granted permission to nonemergency staff members to leave Israel amid fears of a regional war. Abbas Aragchi made the remarks during a phone call with his Egyptian counterpart ...

The Chicago Business BarometerTM, produced with MNI, climbed 3.7 points to 57.7 in February. Extending January’s strong increase, it saw a second consecutive month in expansionary territory after a run of twenty-five months below the key 50 mark. • The rise was driven by increases in Production, Employment, New Orders and Supplier Deliveries. A decline in ...

German headline inflation, according to the national measure, fell below the ECB’s 2% target in February, coming in at 1.9% year-on-year, from 2.1% YoY in January. The European measure also slowed somewhat and came in at 2.0% YoY, from 2.1% YoY in January. Core inflation and services inflation remained unchanged at 2.5% YoY and 3.2% YoY respectively. The ...