Otavio (Tavi) Costa: ‘Unlike US markets that remain historically expensive, Brazil is one part of the world that offers a compelling macro and value opportunity.’

Overall Brazilian equities are now at their most undervalued levels since the impeachment of the president in 2016. Additionally, these stocks are being traded at similarly low multiples as they were during the global financial crisis. Unlike US markets that …

READ MORE

The Core! US March Core PCE Prices Remain HOT At 4.6% YoY Despite Fed Crashing M2 Money Growth, March Personal Spending Slows To 0% MoM (Taylor Rule Suggests 10.27% Target Rate)

by confoundedinterest17 March’s Personal Consumption Expenditures Core Prices remain HOT despite The Fed crashing M2 Money growth. PCE Core price growth remained elevated at 4.6%. Personal spending in March slowed to 0% growth. The Taylor Rule infers a Fed Funds …

READ MORE

Next US Inflation Report After Midterm Elections Likely To Remain High (Projection For Headline Inflation = 7.9%, Core Inflation = 6.5%) As Diesel Prices UP 102% Under Biden And Inflation UP 486%

by confoundedinterest17 The US midterm elections are Tuesday. I was denied an absentee ballot for some reason, but I will get my disabled body over to the local precinct to cast my ballot. Fortunately for Democrats, the next inflation report is …

READ MORE

BUNDESBANK’S NAGEL: INFLATION MAY REMAIN ELEVATED FOR LONGER THAN CURRENTLY EXPECTED….ECB’S KAZAKS: IF NECESSARY, WE WILL INTERVENE TO CONTROL INFLATION.

BUNDESBANK'S NAGEL: INFLATION MAY REMAIN ELEVATED FOR LONGER THAN CURRENTLY EXPECTED. https://t.co/KldNBqrJ3k — FinancialJuice (@financialjuice) January 11, 2022 ECB'S KAZAKS: IF NECESSARY, WE WILL INTERVENE TO CONTROL INFLATION. — FinancialJuice (@financialjuice) January 11, 2022 Inflation in the OECD surged to …

READ MORE

BIS gold swaps fell slightly in August but remain high

By Robert Lambourne via GATA The recently released August statement of account of the Bank for International Settlements – https://www.bis.org/banking/balsheet/statofacc210831.pdf — contains information suggesting a decrease of about 38 tonnes in the bank’s gold swaps in August, from 502 tonnes to 464 tonnes. …

READ MORE

Brexit’s Leave v Remain melodrama has been a dogged battle. But the war to defeat the wannabe slave-owners goes on.

by John Ward I’ve been accused here and there of defeatist cynicism over the last few days. I hope this post can clear up any misconceptions about where I’m going. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ “The beauty of the British Constitution,” said one verbose, donnish …

READ MORE