The Weekly Lens aims to give you a concise sense of MI2 internal discussion over the past week. It reflects what we have been reading and discussing, and how those discussions are influencing our view of the macro environment. The aim is to give you some idea of how our thinking is evolving.
More content for you in an easily digestible format! The Japan News Weekly Digest is our weekly summary of the Japan Update. This piece encapsulates and references the Japan Updates published in the last week so you can easily understand what you may need to dig into.
As a quick reminder, the Japan Update, our market commentary piece, is uniquely sourced from Japanese language publications. Published 10-15 times a month and written by Jeff Uscher, a Western educated and US located, fluent Japanese financial writer. You can always sign up to receive the Japan Update when it is initially published in your account notification settings. As always, please reach out with any questions or comments!
Soft landings do not usually follow Fed tightening cycles, but you wouldn’t know that from looking at current market pricing. If anything, markets appear to be pricing another “Goldilocks” scenario. This piece takes a tour through the data to see how plausible a Goldilocks scenario is right now, or whether the markets might just be falling victim to the sin of narrative fitting, which is all too common at cyclical peaks.
The Weekly Lens aims to give you a concise sense of MI2 internal discussion over the past week. It reflects what we have been reading and discussing, and how those discussions are influencing our view of the macro environment. The aim is to give you some idea of how our thinking is evolving.
We believe that the combination of Friday’s weak headline NFP, together with low unemployment, is consistent with both weak labour supply and demand. If that’s correct, aggressive rate cuts aren’t necessarily the solution and risk setting us up for a policy error.
The Weekly Lens aims to give you a concise sense of MI2 internal discussion over the past week. It reflects what we have been reading and discussing, and how those discussions are influencing our view of the macro environment. The aim is to give you some idea of how our thinking is evolving.
The Weekly Lens aims to give you a concise sense of MI2 internal discussion over the past week. It reflects what we have been reading and discussing, and how those discussions are influencing our view of the macro environment. The aim is to give you some idea of how our thinking is evolving.
Putting Bill Pulte’s latest post on Governor Cook, together with Bloomberg reports confirming rumours that regional Fed Presidents are next to be targeted, suggests that the Administration is pressing ahead with its plan to wrestle control of the FOMC. Regardless of the policies’ rights and wrongs, it’s increasingly easy to see how an anti-USD, anti-fiat money narrative could become dominant. One way to trade this is to add to existing gold positions.
