The Fed’s Beige Book just came out and the summary statement was “economic activity continued to expand” for the period of April 8th to May 20th. Compare that to summary line from the November 29th, 2023 release which covered the period...

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...

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...

Way too much ink has already been spilled about the QRA this week. The fact that such a focus has been played on it suggests that the Overton Window on US government debt growth sustainability is becoming more top of mind for investors and is...

Fed Minutes are out and there are a bunch of hawkish headlines which really shouldn’t be that surprising given I have continued to suggest that Powell doesn’t speak for the entirety of the committee when he gets up there.  Given that I think...

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

View the 1 images of this gallery on the original article Source: Bloomberg The University of Michigan monthly sentiment survey shows that consumers expect much higher inflation for a long period of time.  The mean expectation for Inflation 5-10 years...

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...

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...