As investors await the May CPI and the FOMC meeting this Wednesday, some were caught off guard by the weekend’s political turmoil in Europe. The Germany vs. PIGS spread, a key indicator during the Eurozone crisis, resurfaced as a gauge of potential Eurozone breakup.
Outside being CPI Day, today is also FOMC Day. While the FED is expected to maintain rates at their current levels during its June meeting, the focus will be on the DOT plots, which, according to the March SEPs, still anticipate three cuts this year.
Not only not all #liquidity are created equal and #inflation is higher than in 2020 and during the #GFC, but the current #fiscal policy is restrictive.
In 2022, #DeutscheBank also made a huge jump in irrevocable #lending commitments.
These are lines of credits that #DB has already agreed to extend no matter what happens to the customers unless DB pays penalties.
She keeps breaking world records! With #LALISA, #LISA of #BLACKPINK becomes the female artist with the most #1's in iTunes history (103). Queen indeed🙌
The next #GFC is about to start.
USD #Swap lines have always been the canary in the coal mine for a Financial crisis. This not only about #CS, it is the entire banking system which is about to collapse. #bail-ins are likely to be the way this crisis is settled.