Reminder. Janet has a lot of USTs to sell, every week, from here until eternity: Next Week$69bn 2 yr (Tues)$70bn 5 yr (Tues)$44bn 7 yr (Wed)$28bn 2 yr FRN (Wed) Drip Drip Drip pic.twitter.com/rwShlgIvXZ — Craig Shapiro (@ces921) May 24, 2024

Gold has acted as a discipline enforcer on profligate government spending for generations. Once the gold standard era was ended in 1971, it needed to be replaced by some other enforcement mechanism to deal with inflation and government deficits.  This...

Fed speak starts up again today as we will get an update from members of the committee on their thoughts about current monetary policy amidst the recent data for April post their meeting earlier this week. We will learn where Powell stands vs. the rest of...

Jason Burack of Wall St for Main St interviewed first time guest, Macro Advisor at LaDuc Trading https://laductrading.com/author/craig…, Craig Shapiro. Follow Craig on Twitter/X here: / ces921  Craig’s newsletter is available...

Here are some of the recent highlights of important global leaders flying around the world to have significant meetings, which all seem to suggest that something large is potentially brewing in the changing face of the global monetary order: Putin meets...

So let me get this straight: On the day that Blinken heads to China threatening their banks with sanctions if they continue to assist Russia, Xi confirms that he is going to Serbia on May 7th which is the 25th anniversary of the US bombing of the...

CBO has estimates for the US Government fiscal surplus in the month of April just hit and not surprisingly, it came in worse than expected with a surplus of $208bn for the month of April vs analyst estimates of $250bn. Based on the QRA announcement last...

When I think about the desire of the US Government to place sanctions on foreign holders of USTs and potentially expropriate their holdings when they become “enemies” of the US, all while the Treasury is trying to finance deficits at 6%+ of...

Gita Gopinath Speech 5/7/24 – Geopolitics and its Impact on Global Trade and the Dollar “Looking at global FX reserves, the most notable development during 2022-23 has been an increase of gold purchases by central banks.” “Gold...

https://www.newsweek.com/china-moves-away-us-dollar-hit-new-milestone-1901901 Craig Shapiro, a macro adviser to LaDuc Trading, identified three primary reasons for this trend. “The handling of Russian reserves by the U.S. and other G7...