"31% of all US government debt outstanding, or $7.6 trillion, will mature over the next year:" Apollo's Torsten Slok

#econmastodon

US 5-YEAR REAL YIELDS CLIMB THROUGH 2.26% TO HIGHEST SINCE 2008

#econmastodon #JeromePowell #JacksonHole #FED

2% "is and will remain" the central bank's inflation target - Jerome Powell

#econmastodon #FED #JeromePowell #JacksonHole

'A US-Iran deal in the oil markets is already happening'

#econmastodon #oil

US: What we know now is that inflation is still too high, labor markets are tighter than they have been since World War II, fiscal deficits are at near-record peacetime levels and stock prices are high.

#econmastodon

@bbcworld If the CMA doesn't accept this deal, Microsoft should move on and leave the UK market behind. Too insignificant to not push this deal through.

#econmastodon #Microsoft #Acitivison #CallOfDuty #CMA

U.S. 10-YEAR TREASURY YIELD 4.33% HIGHEST SINCE 2007

😬

#econmastodon

"The market is coming more to the view that there is going to be long-term inflation pressures despite recent progress. Macro uncertainty is going to remain the story for the next few years, and that requires greater compensation to own long-dated bonds."

#econmastodon #inflation

👀

"Inflation pressures coming back? Prices paid component within @philadelphiafed Manufacturing Index jumped in August to highest since June 2022."

#econmastodon #inflation #ManufacturingIndex

#Evergrande #bankrupt #econmastodon

Niall Ferguson:

#econmastodon #fed #economy

So, this will have a neutral effect at best. Possibly negative

#econmastodon #china #interestrates

Oreshkin (Putin's key ally) blames the Russian Central Bank for the weaker Ruble. And not, you know, foreign policy. In the meantime, Ruble is weakening vs the Dollar.
#econmastodon

👀 #econmastodon

U.S. mortgage rates spike to highest since November 2022. Approach 22-year high

#econmastodon

The US is now spending 44% of GDP per year, the same levels as World War 2.

In 2020, the US spent a record breaking 54% of GDP in one year.

This is what Fitch meant by “fiscal deterioration” when they downgraded the US credit rating.

Current government spending is unsustainable.

We are now spending a higher percentage of GDP than what was seen in 2008.

#econmastodon

Via @LHSummers on X:

If you look at wage inflation, it was faster for the month than for the quarter, faster for the quarter than for the year and running for the quarter at about 4.9%. That's not consistent with 2% underlying inflation or close and unemployment ticked down.

#econmastodon #inflation

Financial demands of supporting a family of 4 have surpassed what a
single salary can adequately provide

#econmastodon

List of countries with AAA credit rating gets smaller after last week

#econmastodon #US #Fitch

'The Magnificent Seven boast an average P/E ratio of 43, almost double the average ratio of 25 for the rest of the field. The spread has rarely been this wide. What's more, the P/E ratio for the rest is among the highest readings on record.'

#Stocks #econmastodon