#Stablecoins .. / UK-EU closer / Ugly 10y JGB auction : 2.4% ! / WTI $105.. after Trump speech/ 0-15,000 mp/h in 7 1/2 mins!

sc0172
Apr 2
3 min read

20minutes of rambling..Trump framed his speech as “mission nearly complete.”, hard to tell !!...no exit from NATO (as some were expecting), then Trump threatens to hit Iran ‘extremely hard’ in coming weeks while telling allies they would have to “take the lead” in reopening the Strait of Hormuz, JD Vance was dispatched to deliver an ultimatum to Tehran to make a deal or face attacks on key infrastructure, Trump threatened to stop weapons for Ukraine unless Europe joined Hormuz coalition..
Markets: Swiss CPI at 0.2% vs 0.5% expected… big surprise (#CHF weaker, already had a decent monthly fix weaker..), China claims the U.S has 2months worth of #RARE earth left, 10y JGB yields higher after a frugly auction (war, inflation and the most indebted country in the 'developed' world, KKR limited redemptions in its non-traded private credit retail fund >>> markets learning to 'fade' Trump's daily rants..., crude at $105 or higher isn't welcome for global economy, clearly, but fertilizer, rare earth 'issues' going forward are also a big worry...
Oracle cuts 30,000 jobs, cutting workers to fund AI data centers, total of nearly 100 U.S companies have cut 330,000+ , that's 3,900 per day, at the end of Q1..and AI related companies said that Ai will not cost jobs...
Keir Starmer says he will form a new partnership with the EU in the coming weeks "As the world continues down this volatile path, our long-term national interest requires closer partnership with our allies in Europe and with the European Union" >>>> ''The British ''right'' made a huge bet on the U.S alliance holding together when they 'took' UK out of the EU, Trump has now blown up the American alliance and so the UK may well have ZERO other choice but to head back to Europe''
Goldman's David Solomon and former Treasury Secretary Steve Mnuchin just did a victory lap on stablecoins. Their pitch: Stablecoins strengthen the dollar, create demand for Treasuries, make it easier for people outside the United States to hold dollars. Sounds great (for who exactly..).. Until you look at what's actually happening underneath... i'd be very suspicious.. better ways to make a return out there !!