In today’s briefing:
- Bank Watch – Banks Will Have to Buy MORE Bonds when the Dust Settles
- CX Daily: How Smart Cars Are Upending the Auto Supply Chain
- Prepare for the Dollar Rally
Bank Watch – Banks Will Have to Buy MORE Bonds when the Dust Settles
- When the dust settles on this deposit crisis, banks will have to buy more bonds as financial authorities are likely to tighten LCR rules
- Banks will have to be punished to a larger extent for holding corporate deposits relative to household deposits
- Consequently, banks will have to increase buffers of cash equivalents (bonds) at a time when true cash (central bank reserves) dwindle
CX Daily: How Smart Cars Are Upending the Auto Supply Chain
- Autos /In Depth: How smart cars are upending the auto supply chain
- Capsized /: 39 missing after Chinese fishing vessel capsizes in Indian Ocean
- Talk show /: Chinese comedy producer takes $2.1 million hit for military pun
Prepare for the Dollar Rally
- Compared to everything else, gold is in good shape, but it is competing with the world’s most liquid currency, that now pays a 5.25% yield while inflation is falling.
- The $2,000 breakout was exciting, but the price has now stalled.
- US consumer price inflation (CPI) was a little softer last month. The latest reading of 4.9% feels much more comfortable than the 9% we suffered last summer.
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