In today’s briefing:
- Pity poor Zara, wild animals, the collapse of Myanmar and those efficient markets we’re all told…
- The Weekly Market Monitor – US Hawkishness, Bitcoin Memes, and China’s Value Trap
Pity poor Zara, wild animals, the collapse of Myanmar and those efficient markets we’re all told…
- In fiscal year 2017 (spanning October 2016 to September 2017, the end of the Obama administration and the beginning of the Trump presidency), U.S. Customs and Border Protection encountered 526,901 migrants trying to enter the country without legal authorization.
- Numbers rose during the first three years of Trump’s presidency but then plummeted back to 646,822 in 2020 during the Covid lockdown.
- But during Biden’s presidency, they shot back up higher than ever.
The Weekly Market Monitor – US Hawkishness, Bitcoin Memes, and China’s Value Trap
- The Empire State Manufacturing Survey has crashed! Only two months during COVID-19 were worse. So, how bad is it?
- China is a mess. And it just got worse. The Hang Seng Index collapsed. Are Chinese stocks a buy yet?
- UK inflation added to the ‘we must remain hawkish’ narrative of central banks. Yet, many rate cuts are coming.
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