Swiss inflation slows further as SNB mulls september rate hike
Swiss inflation slowed to the lowest rate in one and a half years, testing the determination of SNB officials who have signaled that a further tightening step in September is likely.
Consumer prices rose 1.6% in July from a year earlier, down from 1.7% the previous month.
Source: Bloomberg, Swiss Fed statistical office
Robinhood now makes much more collecting interest on client cash than from its core business.
This is $234 million that RH's customers should be collecting but they are currently handling to the Trading App. Source: www.zerohedge.com, Robinhood
US interest expenses have surged by about 50% in the past year, to nearly $1 trillion on an annualized basis
Source: Lisa Ambramowicz, Bloomberg
US Treasury 10-Year yield increases to highest level since november 2022
Treasuries fell across the curve, pushing the 10-year yield to the highest level since November as traders digest an uptick in US government issuance, a sovereign credit downgrade and a stronger-than-expected private job report.
Source: Bloomberg
Global Manufacturing PMIs and Global stocks seem to be in disagreement...
Source: Bloomberg, www.zerohedge.com
Total US debt levels are expected to rise from 98% of GDP in 2023 to 118% of GDP in 2033
By 2053, Debt-to-GDP in the US is expected to hit an alarming 195%. Hopefully yesterday's downgrade of the US credit rating brings some more attention to this topic. Source: The Kobeissi Letter
Debt Tsunami Begins: US To Sell $1 Trillion In Debt This Quarter, 2nd Highest In History, As Budget Deficit Explod
The $1.007 trillion in upcoming marketable borrowing is the second highest on record; only the $2.753 trillion in Q2 2020 surpasses it. Source: www.zerohedge.com, US Treasury
The Citi US Economic Surprise Index is at the highest levels since early 2021.
Source: Bloomberg
