Please find below the link to my weekly look at the global economy and markets: https://t.co/PIeq04XIIu #economy #markets

A must-visit, the newly opened Grand Egyptian Museum (GEM) #gem #grandegyptianmuseum #egypt

How do I even explain what happened to QPR today to all the friends who’ll definitely ask?! (Yes, I’m blessed with such friends!) The inconsistency of this team is absolutely infuriating and embarrassing. But somehow, our support stays rock solid. Go figure… #QPR #TrueFans @QPR

Please find below the usual end-of-month performance table for various assets and asset classes. October was a strong month for investors, adding to the already impressive returns for 2025. Nearly every asset and asset class listed saw gains, with the notable exceptions of

It’s not just that repo has been trading above the Federal Reserve's benchmark rates for some time (chart below). As Bloomberg notes: “it’s the first time outside of month-end or auction settlement periods since 2019 that these rates have also moved above the target range for the

The minutes from this week’s Fed meeting, due out in a few weeks, should make for very interesting reading: Per this Bloomberg reporting, the divide among top Fed officials appears wider than indicated on Wednesday. #economy #markets #FederalReserve #centralbanks

On global macro news this morning: Eurozone: As expected, inflation edged lower, from 2.2% in September to 2.1% in October. With core inflation) at 2.4% and a sticky services component of 3.4%, the ECB will stay on hold for now. China: The official PMI for the manufacturing

Good morning. CNBC on market probabilities of a December rate cut after the Fed’s Chair “surprisingly tough talk Wednesday:” “For their part, traders weren’t buying the hawkish rhetoric. Fed fund futures pricing Thursday still indicated a 75% probability of a cut in December,

From The Wall Street Journal. More to follow on this. #economy #markets #ai @WSJ

With the US government shutdown about to enter its second month, we should expect it to inflict increasing damage on the economy. The most vulnerable segments of the population will be hit hardest, especially as they lose federal food assistance and see their healthcare costs

As illustrated in the Bloomberg chart below, the risk spread of investment-grade bonds has fallen to a very tight level as investors focus on a total yield that they worry will go lower in the months ahead. This dynamic was vividly illustrated today by Meta's bond sale. Having

Took an Uber yesterday and was having a perfectly normal chat with the driver about his football team, the Washington Commanders. All was going well until he asked “so, who's your team?" “The Jets,” I responded meekly. What followed was not a chuckle. He began a three-minute,

This is another indication of what Jamie Dimon calls "cockroaches." For the reasons I outlined in earlier posts, JP Morgan's CEO is absolutely correct to warn that we will see more credit accidents following a period of very heavy lending, some of which was not subject to the

The @FT on US Treasury Secretary Scott Bessent’s approach to the #FederalReserve: “With the second round of Treasury interviews scheduled for the coming weeks, Bessent has honed the focus of a drawn out process. The goal is a leaner and meaner central bank.” #economy #markets

Elsewhere, and focusing on the last 24 hours of news, there is a notable sense of multiplying de-couplings. Such dispersion is evident across (with the stronger-performing listed first): Tech firms and non-tech firms; Within tech, companies with multiple revenue sources and

A successful meeting between President Trump and President Xi delivers a tactical de-escalation in US-China trade tensions. The agreement includes a relaxation of rare earth export restrictions, additional purchases from America, and stronger Chinese enforcement on

The Bank of Japan has kept interest rates unchanged, and the ECB is expected to do the same later today. Today’s BoJ decision featured two dissenting votes and (stronger than market expectation) signals from the Governor indicating that a rate hike is on the horizon. #economy

Whoops, a small mail mix-up, @BankofAmerica: You've sent a check intended for a “Mohamed Salah” to the wrong Mohamed. (I wonder whether the Bank knows that I am a huge fan of Liverpool’s @MoSalah?) @BofA_Help @LFC

The current economic complexity, lack of official data, weak leadership, diverging risk appetites and biases, lame duck syndrome—or perhaps none or some combination of all these factors—have contributed to the notable lack of unity among Fed officials, most clearly reflected in