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Miran's latest - FED / U.S jobs data softer, but!, BLS revision coming too / France is stuck / U.S-Venezuela

  • Writer: Stéphan
    Stéphan
  • Sep 5
  • 4 min read
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  • Markets :  Equity markets new highs as bonds rallied on US Jobs data coming in weaker than expected, USD should weaken on softer data this afternoon (all about bonds), escalating feud with Venezuela, U.S. debt is spiralling at record speed >> on July 2, 2025, it stood at $36.2 trillion 2month later we are at $37.3 trillion.... totally out of control #UST and #GOLD, 90% of all SPY gains for the last 30 years have happened since the Fed started QE >>> gold new highs, yields rising to 20+ years highs, SPX wants to go to 7'000, as the FED is going to cut in a 3% inflation environment for years to come and deficit spending keeps coming, own assets, take your pick ! or be left behind..if what Mr Market is about... >>>> Mounting evidence labor market softening, ''Too late in danger of being too late'', JOLTS openings and CB's Jobs Plentiful (dual axis warning), BUT...markets maybe seeing this he wrong way round....>>>..AI + migrant OUTFLOW means that you will need much fewer for a solid economy.. and fewer changes going on, as employers rather keep than have to look outside

  • Trump said he would be imposing tariffs on semiconductor imports “very shortly” but spare goods from companies like Apple Inc. that have pledged to boost their US investments.

  • Initial Jobless Claims 237K vs 230K Est and ADP Nonfarm Payrolls 54K vs 68K Est,

  • Miran: If confirmed, “I will act independently as the Federal Reserve always does.”

    France - Squeezed French millennials blame boomers in backlash over soaring deficit  >>> France is stuck - A failure to spend less is at the root of the country’s political problems

  • This is absolutely insane: In 5 days, the BLS is set to revise US jobs numbers for the 12 months ending March 2025. According to Goldman Sachs, a DOWNWARD revision of up to -950,000 jobs is coming

  • US and Taiwanese defence officials held secret talks in Alaska

  • JAPAN's financial structure has been built for decades around super LOW yields and a stable JPY, both been going the wrong way lately.... pressure building fast...and overall low yield structure kept yields lower worldwide #carrytrade risk

  • Global rise in long-term government bond yields we're seeing now is happening against a backdrop where many countries shifted debt issuance to very short-term issuance (red) in recent years, that kept long-term yields artificially low and may now be coming back to haunt us. charts below / Thread

  • GOLD is the canary, gold moving higher says thre is a problem, the problem is U.S debt, corp and household debt, and all debt rely one thing and one thing only, the UST market, credibility and thus low yields... the bond market screems of fragility...and thats mainly why gold is heading higher (IMHO it's most fiat currencies lower vs Gold higher, fiscal going global etc) >>> Goldman Sachs expects gold to surge to $4,000 an ounce by mid-2026. If the Fed's credibility gets significantly eroded, GS sees gold nearing $5,000. Gold prices have already doubled in the past three years.

  • U.S. will suffer a debt-induced heart attack within a few years warns Ray Dalio

  • Novo Nordisk Woes and Trump’s Tariffs Dent Danish Growth Outlook













'''As a reminder, the Shanghai Cooperation Organization (SCO) - which annual summit was the occasion for their gathering - is the world's largest regional organization. Many people don't realize this but the SCO is even (slightly) bigger than BRICS+: the combined GDP PPP of the 27 SCO countries is $82.28 trillion (39.8% of the world's GDP PPP) vs $82.06 trillion (39.7%) for the 10 BRICS+ members'''







 
 
 

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