Tuesday’s links

  1. The age-old question: how do governments pay for wars? – FT
  2. US Inflation Slows, Giving Room for Fed to Pause Rate Hikes – Bloomberg
  3. The Case for an Inflation Cool-Down – WSJ
  4. US consumer prices rose in May at slowest rate since early 2021 – FT
  5. What Could Knock Stocks Back Into a Bear Market – Barron’s
  6. Treasury yields climb after CPI report shows slowing inflation – CNBC
  7. China Cuts Rates to Revive Economy; Could Put a Floor Under Stocks – Barron’s
  8. A (very short) history of global reserve currencies – Michael Pettis FT Alphaville *

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Friday’s links

  1. S&P 500 exits longest bear market since 1948; what next? – MarketWatch
  2. Traders raise bets on higher US interest rates – FT
  3. Stress at the edges (plus more on liquidity & hedging) – FT Unhedged
  4. Traders who missed rally put aside their qualms & dive in – Bloomberg
  5. JPM bond chief sees worrying echoes of 2008 in market calm – CNBC
  6. Democrats Push for Debt-Ceiling Overhaul Bill – WSJ
  7. Bonds Are Entering a New Era. How to Play It – Barron’s

Thursday’s links

  1. Will markets have a liquidity crunch? – FT Unhedged
  2. Don’t Fear the Bull Market. Why Stocks Are Headed Higher – Barron’s
  3. A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff – NYT
  4. Eurozone Succumbs to Mildest of Recessions on Energy Shock – Bloomberg
  5. Eurozone economy shrinks for two consecutive quarters – FT
  6. Bonds Everywhere Suffer as Rate-Hike Fears Swamp Traders – Bloomberg
  7. Jobless claims increase more than expected to highest since Oct 2021 – CNBC
  8. Dalio Says US at Beginning of ‘Late, Big-Cycle Debt Crisis’ – Bloomberg
  9. Why U.S. stock-market was rattled by Bank of Canada’s rate hike – MarketWatch
  10. U.S. Has Every Reason It Needs to Drop Debt Ceiling – Brad Setser at CFR *

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Tuesday’s links

  1. Don’t blame the west if the global south goes its own way – FT Opinion
  2. Bank Regulations Are Getting Tougher; Wall Street Not Surprised – Barron’s
  3. USD: will Fed follow suit after Australia’s surprise rate hike? – MarketWatch
  4. BRICS Raging Against US Dollar Is an Exercise in Futility – Bloomberg Opinion
  5. World Bank sees major economies growing at much slower pace – CNBC
  6. How America is reshaping the global economy – FT Opinion
  7. A $1.5 Trillion Backstop for Homebuyers Props Up Banks Instead – Bloomberg
  8. Shadow Banks Account for Half of the World’s Assets – Barron’s
  9. Back to 2019 – Fed Guy *

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Friday’s links

  1. Why America’s economic policy muddle matters – Adam Tooze in FT
  2. US Labor Market Sends Mixed Signals, Giving Fed Reason to Pause – Bloomberg
  3. UAE’s Record Gold Purchase from Russia could mean de-dollarization – TFI Global
  4. In desperate bid for cash, the Treasury is auctioning one-day bills – CNN
  5. Chinese Yuan could finally become a fierce competitor for the US dollar – Fortune
  6. BRICS ministers call for rebalancing of global order away from West – BBC
  7. Why private capital flows in the EU remain sluggish – FT Opinion
  8. US Labor Market Shows Resilience With Strong May Hiring – WSJ

Wednesday’s links

  1. Loan market braced for rush to Libor finish line – FT
  2. Hedge Funds Are Deploying ChatGPT to Handle All the Grunt Work – Bloomberg
  3. Falling German and French inflation lifts hopes of an end to eurozone rate rises – FT
  4. Commodity Crash Signals Disinflation Is Taking Hold for Now – Bloomberg
  5. A default wave is building, says Deutsche Bank – MarketWatch
  6. Where Is the U.S. Economy Headed? Follow the Money – WSJ
  7. ‘Domestic Offshoring’ Sends Low-Wage Jobs Out of Key US Cities – Bloomberg
  8. US mortgage demand drops to the lowest level in three months – CNBC
  9. Layoff Fear Is Sweeping the Economy. There’s Still Hope – Barron’s
  10. US Treasury yields dip as traders await debt-ceiling vote in House – MarketWatch
  11. Home Prices Rose in March for Second Straight Month – WSJ
  12. Magical Monetary Thinking at the Fed Killed SVB – Kelton and Wray *

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Tuesday’s links

  1. A Big U.S. Oil Refinery Could Go Up After a 50-Year Wait – Barron’s
  2. Investors expect higher interest rates as inflation pressures mount – FT
  3. Food price inflation is proving stubbornly persistent – FT Opinion
  4. Scapegoating the Short-Sellers – WSJ Opinion
  5. High Inflation Isn’t Entirely the Fed’s Fault – Bloomberg Opinion
  6. Inflation in Spain falls more than expected to 2.9% – FT
  7. Insuring All Deposits Wouldn’t Make Banking Safer – Bloomberg Opinion
  8. World Economy Needs to Get Its Growth Back – WSJ Opinion
  9. Not Buying Central Banks’ Favorite Excuse – Project Syndicate *
  10. Account: monetary technologies #1 – Daniel Neilson *

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