#EgyptWatch🇪🇬: Egypt just signed an EGP 11 trillion ($202 billion) deal for four real estate projects.
EGY's inflation is 14.0%/yr, ABOVE its 5-9%/yr target. Money supply (M2) is growing 17.0%/yr, ABOVE Hanke's Golden Growth Rate of 11.1-15.1%/yr, a rate consistent with its inflation target.
SISI IS DIGGING AN ECONOMIC HOLE FOR EGYPT.
"The 🇺🇸 US has no moral authority to lecture any country at any time about anything at this moment in their history."
"#Bitcoin gives you the freedom to think freely and the courage to act on your convictions and your morals"
@maxkeiser 🫡
1/if a government loses 42% of its revenue because of an oil embargo, then concluding that said government without access to bond markets will be forced to monetize deficits and impose an inflation tax is not `simple monetarism', it is in fact basic economics.
Main question ECB watchers are asking: how to do spread control to prevent the periphery from blowing up when the ECB hikes? That's the wrong question. The right question is: how to wean the periphery off its near decade-long dependence on ECB QE? Wider spreads will help do that.
food companies really been selling poison to US consumers for decades
I remember when subway sandwiches first came out
a foot of bread marketed as a healthy meal
just needed to eat 2 per day
2 feet of bread and cold cuts daily and you'd lose weight
jared did it
Global recession is coming. China (black), Germany (blue) & Japan (pink) are the world's biggest exporters. New export orders in their manufacturing PMIs are tumbling, signaling weak global demand. The US (red) was an outlier, but today's data show it starting to fall as well...
The Curve Wars are in full tilt.
The early skirmishes are being fought.
Here's everything you need to know about $CRV and $CVX (Convex), the war between protocols to accumulate them, and how you can make money on the trade.
(A thread in 3 parts) 👇
With all the $UST drama I thought I'd tell you a story...
You see, everyone knows the story of the Bank of England vs Soros. BOE lost, Soros won but people forget the HKMA vs the hedge funds in 1998...
If "inflation hasn’t pulled lower as expected -- and worse, if we see a higher figure than last month print -- we would see another big wave of selloff.” https://t.co/Lb56smnFvB