Deutsche Bank recently updated their Trump tariff inflation forecasts as shown below:
If the 25% tariffs on Canada/Mexico have a 50% pass-through, PCE inflation would rise 80 bps. A 75% pass-through would add 110 bps to PCE inflation. The Fed won't like this. Source: The Kobeissi Letter
The BTFP, introduced under Biden, acted as a lifeline, letting regional banks trade toxic, low-yield debt for loans at par value, disguising their insolvency.
Now drained, what will happen to the program? Could this put the regional banking system at risk? Source: FRED, The Coastal Journal
Bear markets pale in comparison to bull markets, both in market movement and duration.
Remember this chart during the next - and inevitable - correction or bear market. Source: Peter Mallouk
Strategic Bitcoin Reserve legislation is gaining momentum.
11 states, including Florida, Wyoming, and Massachusetts, have introduced bills to secure Bitcoin as part of their state reserves. Source: TFTC @TFTC21
The year 2025 begins with a new president taking office, a ceasefire in Gaza, and wildfires causing extensive destruction in Los Angeles - all within the first month.
So, what can we expect from the rest of the year? This graphic, via Visual Capitalist's Bruno Venditti, presents predictions for 2025 on various topics, based on a survey conducted by Ipsos between October 25 and November 8, 2024, in the United States. Source: Visual Capitalist
Trump Day 1
Source: Trade Brains
New research published in the The Journal of Cleaner Production reports
"The findings of this study show that bitcoin mining can be used as an efficient alternative to extract added profits from various planned renewable energy facilities in the US." Source: Documenting ₿itcoin
JUST IN: 🚨TRUMP TO ANNOUNCE $500 BILLION AI INFRASTRUCTURE INVESTMENT
Trump is set to unveil a private sector-backed AI project called Stargate, led by OpenAI, SoftBank, and Oracle. The companies will invest $100 billion initially, with plans to reach $500 billion over 4 years, starting with a massive data center in Texas. SoftBank CEO Masayoshi Son, OpenAI’s Sam Altman, and Oracle’s Larry Ellison will join Trump at the White House for the announcement. Source: CBS News, Mario Nawfal
