JPN core CPI 3.7%, BoJ minutes / U.S Eco surprises ⏬ / Trump's polling ⏬, 2 more weeks to discuss Iran / $37trn!
- Stéphan
- Jun 20
- 3 min read
US government budget deficit is a CRISIS: The US fiscal deficit is projected to hit a MASSIVE 9% of GDP by 2034. Such deficits have never occurred outside of major crises and wars >>> Over the last 10 years, US Federal Government Tax Revenue has increased 60% to over $5 Trillion while Government Spending has increased 97% to over $7 Trillion. The result: a doubling of the US National Debt from $18 trillion to $37trillions! just made it this morning, that's some achievement
Markets : largest ever June option expiry today, Trump gives Iran 2 more weeks, he also gives TikTok another 90days, more TACO action, markets quite used to it by now.. SPX 5905 area is the JPM strike, which is where we stopped last night, just before the 2weeks delay news/rally...SNB cuts to zero (they will have to intervene if they want a weaker swissie..they can if they want to...they have plenty of room...). USD struggles to hold onto short-covering rallies, small matter of $37trn debt clock!
Trump’s poll numbers just fell off a cliff and he’s taking the GOP with him/Thread
Motorsport giant #Brembo enters cycling market with Specialized
BoJ Minutes note rising downside risks for Japan's economy, rates must be kept low
The US economic surprise index dropped to -23 points on Tuesday, the lowest in 9 months/Thread-chart
#XPTUSD fun fact, the global above ground stockpile of platinum is worth something like $3B at current prices, in other words it's tiny, anyone with a big purse could squeeze it to 2K easily...
China, EU discussed trade remedies, better ties, Chinese commerce ministry say
Brian Allen on X: "BREAKING: Trump’s numbers just fell off a cliff and he’s taking the GOP with him. 📉 Fox News Poll: –30 on inflation –18 on the economy –17 on foreign policy That’s not a margin of error—that’s a political obituary in the making. 2026 isn’t just looking bad for https://t.co/wZ4jQH6s8y" / X
He would say this, but still Eric Sprott Warns: Don’t Miss This Gold & Silver Rally | Sprott Money
Global Markets Investor on X: "🚨US government budget deficit is a CRISIS: The US fiscal deficit is projected to hit a MASSIVE 9% of GDP by 2034. Such deficits have never occurred outside of major crises and wars. This projection also assumes no recession and lower interest rates than currently. Insanity.. https://t.co/BVZIdyAgfc" / X
The Kobeissi Letter on X: "BREAKING: The US economic surprise index dropped to -23 points on Tuesday, the lowest in 9 months. The economic surprise index measures economic data coming in above or below consensus estimates. Outside of 2024, this marks the largest decline in 3 years. This month, https://t.co/cFDXt2WEj6" / X
The electric vehicle industry is a key new industry of China, but it is also engaged in fierce price competition, which hurts margins. Goldman Sachs notes that government subsidies for EVs could run into 2026, with a similar impact to 2025, but sales for 2027 and 2028 are expected to decline China, EU discussed trade remedies, better ties, Chinese commerce ministry say | Reuters
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