German tax cut / Bessent-China feud continues / Musk vs Trump #DOGE / BBBill not so beautiful / META & #URA
- Stéphan
- Jun 4
- 3 min read
Markets : META revives nuclear power (confirmation...for #URA ), China orders 100's of Airbus, JPN birth rate all time lows, Dutch govt falls, Trump 'TACO' again on steel (partly), what a mess, a big Thread on BTC below, Tax cuts for German corporates/FT >> lower vol, summer markets, messy daily headlines but going nowhere fast (rates), Eq markets higher (lower VIX etc), bad news dismissed, back to stretched valuations, USD not exactly rallying, UST's long-end near 5% no new drama, for now anyway, precious metals up, Trump talking about tariffs on copper too ( #PALL, #silver #XP !....)...
They will get to it...eventually in some form... Section 899, titled “Enforcement of Remedies Against Unfair Foreign Taxes,” gives the White House the power to levy a new tax of up to 20% on foreigners with US investments'' ...long-term 'US premium' in equities, UST's and USD impacts
US Treasury Secretary Bessent accuses China of holding back products that are essential to the US industrial supply chain >>> well, a trade tension/war is on if I'm not mistaken, should have perhaps thought about it before...
The US has never defaulted on its debt — except the four times it did/Hill article, old but still worth reading..
The divergence between US treasury yields and the dollar index: A crisis of confidence
U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook
KKR pulls out of Thames Water deal, on fear of political interference
Goldman Sachs CEO says that AI can draft 95% of an IPO prospectus in minutes >> another source of big revenues gone for investment banks..
BlackRock Chairman and CEO Larry Fink writes in the FT that the old economic model is coming apart. So what comes next? see his latest below
If the United States government did default now, it would be the fifth time, not the first. There have been four explicit defaults on its debt before
Must trying to gain some sympathy from people again...#TSLA suffered too much..too late, damage done? #DOGE
BlackRock on X: "BlackRock Chairman and CEO Larry Fink writes in the @FT that the old economic model is coming apart. So what comes next? Read his latest op-ed about the emerging second draft of globalization, built not just to generate prosperity, but to aim it towards the people and places left https://t.co/qJu20i2MMg" / X
Otavio (Tavi) Costa on X: "The US dollar is on track for its worst performance in three decades, and I believe this move carries profound implications. This likely marks the beginning of a long-term downward trend for the dollar, with far-reaching implications across global markets in my view. It’s no https://t.co/L9coJvEuHM" / X
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