War kills. War makes life unaffordable for the many. But war is great for profits. “Profits accounted for 13.9% of US economic output in the first quarter, the highest share recorded.” JPMorgan CEO Dimon said the environment was “getting close to as good as it gets”. https://t.co/MT4phbFB9J #WarProfits #EconomicImpact #CostOfWar #US
On Friday, the U.S. Treasury bought yen for the first time since 2011. It did not sell dollars to do so. It sold euros. The operation was designed at Camp David. Without a statement, without a joint note, without a press conference. And without the ECB saying a word. (translated)
Infantino is seeking Trump's support, some close collaborators are leaving him... at FIFA, some are ashamed because of him... come on, it's time to clean house... 🧹 (translated)
Donald Trump stated that the American naval blockade of Iran will continue until Tehran agrees to a deal or "completely surrenders." His statement comes after Iran denied that it was conducting direct negotiations with the United States. Trump also accused the Iranian leadership of that (translated)
Team France – The Zidane effect is already being felt. Internally, several internationals fear they may have played their last matches in Blue during the World Cup in the United States. The announced arrival of Zinedine Zidane at the head of the selection would redistribute (translated)
The law for the rich will be rejected by people in the referendum, as it gives a lot to those who already have the most today, while average people get a few cents when buying food. Today's decision will probably also make the Prime Minister and the Minister of Finance happy, as they will have 1 billion less problems. (translated)
Today, a long article about the "Fauci Affair" was published in the Washington Post, with conclusions that leave us unsettled. You can find a comprehensive summary of the article and my thoughts in my Substack. (translated)
Iran says no talks are under way with United States after Trump calls off attacks https://t.co/zxRtwGiJvN #Iran #Trump #USPolitics #IR #US
Just in case anyone thought there is a crisis somewhere in the world without Washington's fingerprints all over it... #Washington #Crisis #GlobalPolitics #US
11/ At a certain point, yen interventions will become ineffective, Japan will slip into crisis, and that crisis will spread into the market for US Treasuries. From there it could take down the AI sector and the equity markets. At that point we're at endgame for the USD system. https://t.co/mZo9GZWM9o #YenCrisis #USTreasuries #AIMarket #JP #US
This visit will be tricky to manage. Security is always tight around US Presidents but even more so in this case in light of past assassination attempts. The response of the crowd at the golf will be interesting. It will be impossible to control. #SecurityConcerns #PresidentialVisit #CrowdControl #US
This is what the US Treasury is fighting: a carry trade that has been twice as profitable as the S&P500 since 2022. It really is like trying to fight gravity. 🇺🇸🇯🇵 https://t.co/gT7QZFXviM #USTreasury #CarryTrade #Investing #US #JP
