Bessent the man in charge, listen to him.. / EU comm-Russia / GS : 1Fed cut in '25 / U.S CPI next up

Stéphan
May 13
3 min read

Bessent is the man in charge, clear for anyone who even doubted, good thing is, he is very transparent and methodological, listen to him! it's worth it.. >>> oil is down, tariffs stuff is done, well 90 days to work it out (anyhow its between 10 and 30% tariffs..), EU next big one, now deficit/rates what will he do about it into H2 2025... >>> can Bessent save stocks and bonds at the same time ? this is the real trillion(s) $ question.. doubtful !
The EU Commission is exploring alternative ways to use capital controls and tariffs against Russia if Hungary blocks the extension of the EU's economic sanctions imposed on Moscow
China agrees to a "China-US trade consultation mechanism." Western media spins it as a thaw. Beijing’s real message? “We’re fine either way.”
NVIDIA reportedly raises GPU prices by 10-15%
Volodymyr Zelenskiy said he’d like Trump to join a possible meeting with Vladimir Putin in Turkey on Thursday. European leaders are said to be willing to wait before urging the US to announce new sanctions on Moscow. Brussels is also preparing to use capital controls and tariffs against Russia in case Hungary blocks the extension of sanctions (BBG, FT)
No matter how you slice it..... it's pretty clear the U.S caved in on trade talks with China, what happened to the Main Street before Wall Street ? ...>>> NO decoupling is the key there, ''NEITHER SIDE WANTS TO DECOUPLE'.. key outcome of the meeting is that both sides "recognize the importance of bilateral economic and trade relations to the two countries and the global economy, recognize the importance of sustainable, long-term and mutually beneficial bilateral economic and trade relations, and continue to advance relevant work in the spirit of mutual openness, continuous communication, cooperation and mutual respect."
Trump: "The European Union is in many ways nastier than China. We've just started with them. We have all the cards. They treated us very unfairly."
UK Government's Immigration White Paper in full/Thread
Is it Finally Time to Buy Platinum? #XPT
FDIC data shows that the banking sector is currently holding almost $500 billion in unrealized losses on investment securities
GS now sees 1 Fed rate cut in Dec in 2025 vs 3 cuts in previous forecasts