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13 Mar 2025

long-term yields continue to rise following the announcement of a major debt package, with 10y yield on the way to 3%.

Financial markets expect neither the Greens nor the Federal Constitutional Court to block the package. While a two-thirds majority is needed in parliament, legal challenges are still pending before the court. Source: Bloomberg, HolgerZ

13 Mar 2025

Musk’s cuts fail to stop US federal spending hitting new record...

In February the US budget deficit was BIGGER than ALL TAX REVENUE. Can it be ever be fixed? Source: zerohedge

13 Mar 2025

The Interest Expense on US National Debt rose to a record $1.178 trillion in the last 12 months, an increase of 142% over the past 4 years.

The US Government now spends more money on interest than it does on National Defense. Source: Charlie Bilello

13 Mar 2025

DOGE has had no impact

Deficit in 2025 is bigger than 2024, 2023… Source: The Long View @HayekAndKeynes

13 Mar 2025

February inflation data is out…

• PPI 3.2% YoY, (Est. 3.3%) • PPI 0% MoM, (Est. 0.3%) • PPI Core 3.4% YoY, (Est. 3.5%) • PPI Core -0.1% MoM, (Est. 0.3%)

12 Mar 2025

US inflation comes in lower than forecast:

Headline CPI slows to 2.8% in Feb from 3% in Jan, smallest since Nov2024, Core CPI cools to 3.1%, lowest since Apr2021. Housing inflation cools; airfares and pump prices drop. BUT: Inflation data doesn’t yet reflect tariff impact. Source: HolgerZ, Bloomberg

12 Mar 2025

Here are the countries that own the most US debt

Source: Visual Capitalist

11 Mar 2025

Tariffs "cheat sheet" updated

Source: Bloomberg

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