Hedge funds build largest long Gold position in more than 4 years
Source: Barchart
BREAKING 🚨: Argentina
Argentina's Peso has plummeted to an an all-time low against the U.S. Dollar on the Black Market (which is where Argentinians go to convert to USD) Source: FT, Barchart
2024 Global Equity Returns...
Source: Charlie Bilello
Starwood Capital limits investor redemptions by up to 80% in its 10 Billion Property Fund...
Source: FT, Barchart
The lesson from Japan:
If you don't get your debt under control, you have to use your central bank to cap yields to avoid a debt crisis, causing big Yen devaluation. If the Euro zone doesn't find a way to bring high periphery debt levels down, the Euro will follow the same path. Source: Robin Brooks
China’s economic miracle is ending, leaving President Xi Jinping w/a challenge none of his predecessors faced:
How to govern after the boom. In a democracy, the gloomy mood in the country would spell trouble for the leader. Since Ronald Reagan in 1980, US presidential candidates have posed a simple question to voters: Are you better off today than you were four years ago? When the answer is “no,” it’s time for the White House incumbent to pack their bags. Source: Bloomberg Economics
Good chart from Deutsche Bank / Bianco Research on the ownership of ETFs
Source: Deutshe Bank / Bianco Research
THE TATTOO FACTOR...
Source: Gurgavin
