Opinion | @johnauthers.bsky.social , Columnist
Trump’s Big Tariff Stick Is a Little Smaller Now
He’s trying workarounds, but the Supreme Court ruling showed there are limits.
www.bloomberg.com/opinion/arti... via @opinion.bloomberg.com
All you could need to know about the stock market rotation: www.bloomberg.com/opinion/news...
@johnauthers.bsky.social : "Usually, soft- and hardware move roughly together; now the fear is that huge increases in computing capacity will require ever more purchases from chipmakers and obliterate software codewriters"
Opinion Newsletter | @johnauthers.bsky.social , Columnist
Bondi Beached — OK, Let’s Talk About the Dow
The market’s performance under Trump 2.0 is no better than other recent presidencies.
www.bloomberg.com/opinion/news... via @opinion.bloomberg.com
US #job report and #inflation projections in the swap market, chart @johnauthers.bsky.social
LOL this Tina Fordham quote from today's @johnauthers.bsky.social ~
www.bloomberg.com/opinion/news...
‘Takaichi is charismatic and forceful. Comparisons to Margaret Thatcher are apt, but Britain’s Iron Lady never won a mandate this emphatic.’ www.bloomberg.com/opinion/news... by @johnauthers.bsky.social
This has aged well. Two months ago, Brighton #BHAFC leapt to a 2-0 lead over Aston Villa and would have gone third in the table if they'd held on. Yes, it would have been good if the season had ended right there:
Gift Link / Free to Read
Opinion Newsletter | @johnauthers.bsky.social , Columnist
A Hawk or a Dove? Understanding Kevin Warsh
The appointment signals that the bare-knuckles legal fight to control the Fed is over.
www.bloomberg.com/opinion/news... via @opinion.bloomberg.com
Opinion Newsletter | @johnauthers.bsky.social , Columnist
Powell’s Survival Tip — Be Boring
The Federal Reserve really doesn’t need the curse of interesting times.
www.bloomberg.com/opinion/news... via @opinion.bloomberg.com
“In a world where markets don’t believe anything the government says, the worry is that markets realize too late the damage that has actually been done.”
My chat with the @financialtimes.com’s @robarmstrong.bsky.social, who gave us “🌮 Theory,” and @johnauthers.bsky.social of @opinion.bloomberg.com:
‘A weak dollar makes US exports more competitive, and imports more expensive — a key Trump 2.0 aim and a reason why he has advocated for a weaker dollar in the past. The problem is inflation.’ www.bloomberg.com/opinion/news... by @johnauthers.bsky.social
This @johnauthers.bsky.social piece is interesting, it says that the gold price surges can be a function of China's monetary easing and the improve adoption of its international payment system
Opinion Newsletter | @johnauthers.bsky.social , Columnist
Look at Them Yo-Yos Make Your Money Worth Nothing
Banging down the dollar like Trump is obviously hurts. But so does China’s gold binge.
www.bloomberg.com/opinion/news... via @opinion.bloomberg.com
@johnauthers.bsky.social : Traditionally, the country defines core inflation excluding fuel and fresh food — but not all food, as in most developed economies. That definitional difference grows very significant when the staple, rice, undergoes an epic price spike:
www.bloomberg.com/opinion/news...
"Some of these nations have been hit with the highest US tariffs, but that hasn’t stopped a surge in confidence that they can grow their profits"
@johnauthers.bsky.social
‘The combination of higher yields and a stronger currency threatens the carry trade, which is now a critical variable and has survived two sharp reversals in the last two years to set new highs.’ www.bloomberg.com/opinion/news... by @johnauthers.bsky.social
The combination of higher yields and a stronger currency threatens the #carrytrade — This is how #Bloomberg ’s index for borrowing in #yen and parking in #dollars has performed since the start of 2024, chart @johnauthers.bsky.social
Why markets are sunnier than the weather outside: www.bloomberg.com/opinion/news...
Opinion Newsletter | @johnauthers.bsky.social , Columnist
As They Say in Greenland, ‘Trump Tamatigut Qunutittarpoq’
The TACO trade is back as markets shake off the invasion-tariff drama.
www.bloomberg.com/opinion/news... via @opinion.bloomberg.com
Deutsche clarified that Europe ‘doesn’t need to dump [US Treasuries], they need to buy marginally less.’ That needn’t be because of weaponization. If Europe decides to invest more in.. defense, it might.. sell Treasury holdings to fund it.”
@johnauthers.bsky.social
www.bloomberg.com/opinion/arti...
Okay @johnauthers.bsky.social went there!
This video on Japan from Wednesday of last week is getting ever more relevant. Hope it's of interest:
Europe has more options over Greenland than might appear from the Risk board:
www.bloomberg.com/opinion/news...
Opinion | @johnauthers.bsky.social , Columnist
With Powell, the Guardrails Are Holding
Trump seems to always get his way, but limits are finally starting to catch up.
www.bloomberg.com/opinion/arti... via @opinion.bloomberg.com
Opinion Newsletter | @johnauthers.bsky.social , Columnist
Inflation Numbers Are Looking Too Good to Trust
The year starts with a positive surprise, but markets refrain from glee.
www.bloomberg.com/opinion/news... via @opinion.bloomberg.com
The bullying is pointless and extends beyond the Fed to the US economy, @johnauthers.bsky.social says.
Read the column: bloom.bg/4jExSjq
Trump’s latest attack on Fed chair Jerome Powell makes no sense.
@johnauthers.bsky.social explains 🎥
Shorting JGBs is no longer a widowmaker. That's not great for everyone:
www.bloomberg.com/opinion/news...
#FX - denominate your investments in a weak currency, and automatically all your returns will look better - here’s the S&P 500 this year, as measured in very weak #Turkish lira, underperforming USD, and very strong EUR, chart @johnauthers.bsky.social www.bloomberg.com/opinion/auth...
