Πόλεμος στον Περσικό: Ο Ρουβίκωνας που μπορεί να αλλάξει τον κόσμο: Οι όψεις του πολέμου που κρύβονται πίσω από τα πρωτοσέλιδα και θα προκαλέσουν βαθιές γεωπολιτικές αλλαγές, πέρα από το πεδίο της μάχης και τις οικονομικές επιπτώσεις.
https://t.co/1iMpBPes41
*US, IRAN MOU TO EXTEND CEASEFIRE, LAUNCH NUCLEAR TALKS: AXIOS
*US, IRAN REACH AGREEMENT ON 60-DAY MOU TO EXTEND TRUCE: AXIOS
Second week in a row just ahead of DOE weekly barrel count. Starting to sense a trend here.
Ελληνοτουρκικά: Η ώρα της αυτογνωσίας Η τουρκική σφήνα στην Ευρώπη και οι ανατροπές στη Μέση Ανατολή δεν είναι άσχετες με την επισημοποίηση των διεκδικήσεών της. Η Αθήνα, όμως, υποτιμά τις εξελίξεις, παρότι σύντομα μπορεί ο κόμπος να φτάσει στο χτένι.
https://t.co/hcOP3KH681
Returning to something I have been ringing the alarm bell about, here are five things to note about the move in UK yields since the start of the Middle East War (please see the CNBC chart below):
The magnitude is significant: The move is now approaching a full percentage point—a staggering shift in such a short window.
"High Beta" turbocharged: The surge has significantly outpaced movements in other advanced economies, reflecting the UK’s structural "high-beta" characteristics and recent domestic political developments.
Highly eroded buffers: This volatility comes at a time of not only limited policy flexibility but also a thinning of other economic shock absorbers.
"Main Street" as much as Treasury: These yields will not only feed into higher government interest payments but also into mortgage rates and corporate borrowing costs, as well as weaker growth dynamics, placing further pressure on an already strained fiscal situation and the household sector.
Multidimensional fallout: The consequences will likely extend far beyond economics, with ripples across financial, political, and social spheres.
#economy #UK #gilts #growth #markets
13.1% of credit card balances in the US are now 90+ days delinquent, the highest since 2011.
10.3% of student loan balances are now 90+ days delinquent, the highest since 2020.
5.6% of auto loan balances are now 90+ days delinquent, the highest level on record.
Το τέλος του Στάρμερ, προαναγγέλει ο Economist -και κάνει ρητουί, ο @gideonrachman των Financial Times! Oπως λένε και οι Εγγλέζοι, μάλλον Starmer is toast!
At least 6 Chinese-owned Tankers crossed the Strait of Hormuz today.
LPG Tanker APEX GAS
Oil Tanker QUAR
Oil Tanker STARWAY
Oil Tanker AQUILA
Oil Tanker DEEPBLUE
Oil Tanker YUAN HUA HU
& a Vehicle Carrier CIANG JIANG KOU