Floating Rate Problems
1-Yr Treasury Rate
(both images via Twitter)
Jamie Dimon said he expects Fed to reach 6%.
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This morning on Squawk Box they said Congress has asked the White House to do an executive order to restrict outbound dollars to China while they craft legislation.
They said Taiwan and Ukraine are joined at the hip.
Yesterday Kyle Bass, perhaps the biggest China critic said the Hong Kong dollar is suspect. He also said that should China attack Taiwan, US companies will face the same sudden losses they experienced in Russia times 10.
The great failure in the post cold war is thinking that commerce would change the Chinese communist. It just made them wealthier.
If we would have promoted manufacturing and commerce in Mexico, Central America and South America like we did with the Chinese, the world would be a much better place.
But the Chinese were willing to use basically slave labor in their manufacturing hubs and they were the lowest cost providers. Now we have a problem.
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We did promote the hell out of manufacturing in Mexico. NAFTA produced a giant boom on the border.
That is true.
And of course loss in the rust belt …
Queues up audio of…“that giant sucking sound”…
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Agree with you 51 we should have be investing dollars in our own backyard instead of China. Now the Chinese are in the America’s trying to win influence with their BRI
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The “no landing” economy that almost everyone got wrong. Not sure I buy into all of this, but we are in a unique place.
Russia financial bite is like a mosquito bite
If China invades Taiwan, it will be like Jaws
. “People who believe that Formosa is part of China, will believe anything” .J. Frank Dobie
LOL aholes like Mobius and Dadio get what they deserve
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good. Let’s turn Mexico into the next China.
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We made China into Chimerica 2.0 now it’s time for America 3.0 version
A major bank is about to go under. Hmmm. Might be time to panic.
Lots of attention for anyone predicting a market/societal collapse. Paid appearances, increased bookings for paid appearances, increased book sales and newsletter subscribers.
We are facing a liquidity crunch. It’s coming. If they want to get inflation down, they have to reign in liquidity. That bank is a sign of what’s to come. Lots of small banks could have problems.