🚨 BREAKING >>> Denmark Says It’s Open To Conversations With Trump — But Greenland Won’t Become A US State
👉 A Danish foreign minister said Wednesday Denmark is “open to a dialogue with the Americans on how we can cooperate, possibly even more closely than we already do, to ensure that American ambitions are fulfilled,” multiple outlets reported, just one day after President-elect Donald Trump refused to rule out using military force to gain control of Greenland. 👉 Danish Foreign Minister Lars Løkke Rasmussen told reporters the United States and NATO had “legitimate” interests in the region, saying “in conjunction with the melting of the Arctic and new shipping lanes opening up, we are unfortunately also seeing an increase in great power rivalry.” 👉 Greenland is part of Denmark, has representatives in the Danish parliament and its foreign relations are controlled by Denmark, though there has been a growing push for full independence in recent years. 👉 Løkke Rasmussen also noted “Greenland has its own ambitions” and said “if they materialize, Greenland will become independent, though hardly with an ambition to become a federal state in the United States,” Politico reported. 👉 The comments from the Danish diplomat followed a Tuesday press conference from Trump in which he said, “We need Greenland for national security purposes” and would not commit to not using military force to acquire it or the Panama Canal. 👉 Trump also questioned whether Denmark has a right to Greenland on Tuesday, saying, “nobody even knows if they have any right, title or interest.” ⚡ The most important category in the chart below is „Other“. It’s mainly rare earths. Trump probably seeks to solve some strategic problems for the US. Source: Michael A. Arouet on X, Forbes
BREAKING: The EU ”won’t tolerate" a takeover of Greenland by the US.
France says Europe is a strong continent and won’t be intimidated. It’s warning Trump against threatening the bloc's "sovereign borders" Source: Telegraph, Visegrád 24
OUCH! UK 10y yields rose as much as 14bps to 4.82%, highest since Aug. 2008
Source. HolgerZ, Bloomberg
FOMC Minutes Show 'Almost All' Fed Members See Higher Inflation Risks, Cite Trump Policies
👉 RATE POLICY: — A 25bps rate cut was broadly supported, with the majority favoring a cautious approach to further easing. — Many participants suggested that a variety of factors underlined the need for a careful approach to monetary policy decisions over coming quarters — Some participants noted it might be prudent to pause rate cuts if inflation readings remain above target or economic momentum persists. — A few officials highlighted potential scenarios to accelerate cuts if inflation trends lower or labor market softens more than expected. — Many emphasized the importance of carefully assessing the neutral rate and moving gradually to avoid policy missteps. 👉RISK OUTLOOK: — Inflation risks remain balanced, though higher-than-expected recent readings warrant close monitoring. — Labor market risks were deemed manageable, with no rapid deterioration expected. 👉ECONOMIC CONTEXT: — Inflation progress has slowed but remains on a downward path; core PCE inflation was noted at 2.8% in October. — Labor market conditions have eased slightly, but unemployment remains low at 4.2%. — Participants expect solid GDP growth to continue, though some noted financial strains for lower-income households. 👉BALANCE SHEET AND TECHNICAL ADJUSTMENTS: — Continued reduction in Treasury and mortgage-backed securities reaffirmed, with caps set at $25B and $35B per month, respectively. — Discussed adjusting the overnight reverse repo (ON RRP) rate to align with the bottom of the federal funds rate range. 👉 ADDITIONAL NOTES: — Fed emphasizes data-dependent decision-making, balancing risks to inflation and employment. — Gradual easing remains the likely path, with flexibility to adapt if economic or inflation conditions shift. - source: Wall St Engine @wallstengine
Quantum computing stocks crash after AI godfather Jensen Huang exploded the quantum computing bubble with 3 lines:
"If you said 15 years for very useful quantum computers, that would probably be on the early side. If you said 30 is probably on the late side. But if you picked 20, I think a whole bunch of us would believe it." Source: HolgerZ, Bloomberg
BREAKING: Prediction markets now see inflation rising as high as 4.1% in 2025.
Heading into 2025, expectations showed the inflation rate peaking at 3.6% in 2025. Prediction markets are saying inflation is back. Source: The Kobeissi Letter
YELLEN: "FISCAL POLICY NEEDS TO BE PUT ON A SUSTAINABLE COURSE"
As a reminder, Mrs Yellen was Fed vice chair and chair from 2010 to 2018 and has been treasury secretary since 2021. On an aggregate basis, she has been directly overseeing and presiding over a $15 TRILLION increase in US debt... Source: www.zerohedge.com
Probably nothing
Source: Bianco Research L.L.C.
