March 10, 2025

Monetary Matters: The “Biblical” Rotation Out Of U.S. Stocks | Julian Brigden on Flight from Dollar Assets, Tariffs, & Rumored “Mar-a-Lago Accord”

During most stock market sell-offs, the dollar tends to rise. However, Julian Brigden, co-founder of Macro Intelligence 2 Partners, explains to host Jack Farley of Monetary Matters why he believes the U.S. dollar will weaken as the stock market declines, as a bubble in dollar assets is burst by new U.S. fiscal policy.

March 10, 2025

LOCKED Japan Update: January Real Wages Fall 1.8%

January Real Wages Fall 1.8%
JGB Rout Continues Following Weak 5-Year Auction
February Economy Watcher’s Index Falls
January Current Account Falls into Deficit for First Time Since January 2023
McDonalds Japan (2792) to Raise Prices on 40% of Menu Items

March 10, 2025

LOCKED MI2 Chart Point: Reality Bites – Employment

We’ve watched with interest how, in the last few weeks, the market has slowly shifted to our view that US Exceptionalism has peaked. We also noted how this weekend, Bloomberg wrote a story entitled “Misfiring Wall Street Wealth Engine is Anxious Omen for Economy”, in which they picked up on our theme that falling stocks could weigh on consumption. However, they’ve failed to recognise that the whole market and economic setup could be reflexive, predicated on a strong $ and robust growth and outperforming assets, which all look shaky.

March 10, 2025