The text discusses concerns about a potential resurgence of inflation, challenging the notion that central banks have successfully tamed it. Recent UK inflation data for December suggests a possible upward trend, prompting questions about the Federal Reserve's rate-cutting plans. Bond traders are adjusting their bets, and the author predicts a likely rise in interest rates unless a significant event disrupts the current pattern. The impending maturity of substantial debt in 2024 adds pressure...| JustDario
During 2023, we have discussed so often how (ridiculously insolvent) banks have made extensive use of “Hold To Maturity” accounting to the point that it is now more appropriate to rename it “Hide Till Maturity” (TwitterX). Dump any asset with a market value implying a steep loss in the HTM...| JustDario
#GS Q4-23 was quite a spectacular game of smoke and mirrors that, of course, fooled the mainstream media. CNBC – “Goldman Sachs tops revenue estimates on better-than-expected asset management results” WSJ – “Goldman Scores a Win With Sharply Higher Earnings” Let me show you one of the “tricks” they used....| JustDario