Trump's #Greenland #Tariff Blackmail vs Europe’s UST Holdings (as leverage?) The deeper irony: Europe’s vulnerability is self-created acemaxxanalytics.substack.com/p/trumps-gre...

The mass exchange of dollars (when Europeans sell UST) into euros would cause #euro to “go through the roof” and possibly ruin European competitiveness for decades to come, chart Heiner Flassbeck www.relevante-oekonomik.com/2026/01/21/d...

UST Sec Scott Bessent told the reporters in #Davos (live via @bloomberg.com TV) “I will remind everyone that #Denmark remained neutral during WWI". “They actually sold quite a bit [of land] to the #Germans” - read more @theguardian.com www.theguardian.com/business/liv...

While MS Research team remains constructive on US #equities and note stimulus tailwinds, they are less convinced that #productivity metrics will inflect higher, chart #MorganStanley

This week's chart highlights that increased #MBS purchases have lowered #mortgage rates, but fundamental drivers limit further declines, chart #JPMorganAM

#rice prices The #grain’s importance transcends its role as a mere crop in #Japan, where the word for cooked rice, #gohan, doubles as the default term for meal, chart @reuters.com www.breakingviews.com/columns/big-...

It’s unsettling to hear personal mockery where one would expect thoughtful economic discussion—especially on a global stage like Davos. Disagreement is healthy; dismissiveness is not. Serious challenges deserve serious language. @bloomberg.com TV live

US #inflation expectations are diverging from #commodities - chart #MorganStanley

US #inflation measured by 10y #breakeven rates, chart #MorganStanley

#FX #dollar’s decline reflected anxiety that the latest escalation of Trump’s trade war could encourage global investors to sell or hedge US assets — in a revival of a trend that fuelled a 9%fall in the currency last year, chart @financialtimes.com www.ft.com/content/4e54...

#FX US #dollar US #tariff threats reignites debate over “Sell US-trades”, chart @reuters.com www.reuters.com/world/europe...

#Europe owns $8 trillion of US #bonds and #equities, and developments over the last few days have potential to further encourage dollar rebalancing, chart @markets www.bloomberg.com/news/article...

The #Danish pension fund AkademikerPension is planning to exit UST by the end of the month, amid concerns that the policies of President Trump have created credit risks too big to ignore, chart @markets www.bloomberg.com/news/article...

Trump’s #Greenland #tariff blackmail vs. Europeans’ UST holdings as leverage (agree to disagree) chart @financialtimes.com www.ft.com/content/7d64...

According to GS’ regime shift model, US #equities have been in a high #valuation regime since Jan 1992, with the sole interruption occurring during the #GFC - chart #GoldmanSachs

#Nvidia $100 billion investment in OpenAl in return for OpenAl's deployment of 10 gigawatts of #Nvidia systems is one of the largest and most notable #AI #circular financing deals, chart #GoldmanSachs

#Europe can only gain political power through economic independence. Economic independence can only be achieved if the European single market flourishes - Heiner Flassbeck www.relevante-oekonomik.com/2026/01/19/e...

2025 US #tariffs - American importers + consumers bear nearly the entire cost. Foreign exporters absorb only about 4% of the #tariff burden - the remaining 96% is passed through to US buyers - chart @kiel.institute www.kielinstitut.de/de/publikati...

#Swiss #inflation PPI in Dec 2025: -1.8%Y, -0.2%M, import price index: -2.8%Y, -0.5%M, annual for 2025: -1.0%, chart @SwissStatistics www.bfs.admin.ch/news/de/2026...

re: #AI (agree to disagree) #global economy shakes off #tariff shock amid tech - driven boom —chart #IMF www.imf.org/en/blogs/art...

Trump’s #Greenland #tariffs and EU and “Anti-Coercion Instrument” ACI, chart @reuters.com www.reuters.com/markets/euro...

(OMG) #Davos live @bloomberg.com TV live UST Sec Bessent takes on US affordability crisis “American people have inflation #PTSD due to Biden” .....

The #geopolitical #oil risk premium is likely to remain capped due to global market #oversupply, despite increased oil-price volatility, Fitch Ratings says www.fitchratings.com/research/cor...

Bank of #Israel monetary policy report 2H2025, chart #BoI www.boi.org.il/en/communica...

#Japan 40y JGB yield hit 4%, the highest since its debut in 2007 and a 1st for any maturity of the nation’s sovereign debt in more than 3-decades, chart @markets www.bloomberg.com/news/article...

#Germany #inflation PPI in Dec 2025: -2.5%Y, -0.2%M, and -1.2% in 2025 compared with 2024 … PPI data signal deep industrial #disinflation, consistent with weak #demand and margin compression, chart @destatis www.destatis.de/EN/Press/202...

The publication day: Jan 27th 2026 (Must-read) The Global Casino by @annpettifor.bsky.social How Wall Street Gambles with People and the Planet @versobooks.bsky.social www.versobooks.com/en-gb/produc...

(Oh boy!) #Finland ‘s fiscal austerity and #IMF Art IV consultation The #unemployment rate rose to 9.6% in Oct 2025 to be among the highest in Europe - Yet, #IMF suggests “further consolidation is needed to put debt on a downward trajectory” www.imf.org/en/publicati...

#Greenland (my two cents) George Saravelos’s #DeutscheBank argument (UST holdings as leverage) is rhetorically powerful, but analytically weak once one moves from geopolitics to the operational realities of modern monetary and financial systems.

#FX US #dollar #Fed easing that is more aggressive than expected could push term premiums higher, particularly if it revives questions around institutional independence, chart #GoldmanSachs

#Nuuk #Greenland has always had the potential to be #strategically important – but until recently it was locked away by #ice - Now it is becoming a gateway b/w continents and a platform for projecting #military and #economic power, chart @theguardian.com www.theguardian.com/world/2026/j...

A realized #productivity boost from #AI would probably translate into higher 10y bond yields over time via stronger potential growth and higher equilibrium real rates, notes #GoldmanSachs

From an investment perspective, so far, the sheer scale of #AI -related #capex has primarily supported stocks exposed to the infrastructure build-out, chart #GoldmanSachs

#Greenland in the current political discourse evokes geostrategy, power projection, and geopolitical instrumentalization of space. #Trondheim, by contrast, embodies a #Nordic civic ideal at the opposite end of that spectrum.

#Fed chair odds via #PolyMarket bets - chart @bloomberg.com TV live

#China reported a record trade #surplus of nearly $1.2 trillion last year, driven by surging exports to non-U.S. markets as manufacturers redirected shipments to avoid higher U.S. #tariffs - chart @CNBC.com www.cnbc.com/2026/01/19/c...

#China 2025 GDP expands 5.0%, meeting Govt's targetQ4 — GDP growth slows to 4.5% y/y, just above market forecast —-full-year resilience helped by exporters' diversification, chart @reuters.com www.reuters.com/world/asia-p...

Europe’s self-inflicted Investment and Demand Crisis How the #ECB is losing its way acemaxxanalytics.substack.com/p/europes-se...

Now, #silver prices are undergoing “extreme price swings,” and those gyrations are expected to continue, chart #GoldmanSachs

#commodities Last year, #silver soared 138%, its best annual performance in 46y, chart #GoldmanSachs

#pic #SundayVibes #Norway #Trondheim peaceful and calm ...

#doodle The belief that the #AI boom is not a #bubble does not rule out the possibility that one is currently forming.

The reasons why #AI is a compelling investment opportunity persist, but how we invest in #AI has evolved. The #Mag7, down 1% so far in 2026, are no longer synonymous with AI - chart #JPMorganAM

#FX #Japan JPY All 52 economists surveyed by #Bloomberg see an unch outcome on Friday after policymakers raised their o/n interest rate last month to 0.75%, the highest in 30y, chart @economics www.bloomberg.com/news/article...

#Fed Even with the slightly softer print, a full 25bps #cut isn’t priced in until July, versus June after the Dec #jobs report, chart #JPMorganAM

CB policy rate decisions this week, chart @economics www.bloomberg.com/news/article...

What will the #Fed do with interest rates? - chart @reuters.com www.reuters.com/world/us/fed...

The timing of these changes in import levels coincides with the changes in effective #tariffs we highlighted earlier. #Chinese import volumes fell sharply following the spike in effective #tariffs - chart @stlouisfed.bsky.social www.stlouisfed.org/on-the-econo...?

Unlike #gold, which is widely stored by CBs, there is no #silver seller of last resort when prices start to soar. And production is relatively unresponsive to price changes, b/c it is mostly mined as a byproduct of other #metals such as lead and #zinc [email protected] www.ft.com/content/4699...

The eye-popping gains — eclipsing even #gold’s historic rally — have come as a surge of speculation by #retail investors has collided with a 5y shortfall in #silver supply - chart @financialtimes.com www.ft.com/content/4699...