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#France has a huge and liquid sovereign bond market

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30y Govt bond yields for #Japan 4.17%, UK 5.88% and US 5.60% – GER 3.84%, chart @bloomberg.com TV live

“I told you a measles booster would kill our son, and then turn him libtard and gay!” (fricking hilarious) #SouthPark S29 E2 now re-named ‘South America’ – Billionaire Weenietown www.imdb.com/title/tt0121...

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#French public #debt is high and the fiscal deficit is too large, but #France 's CA position is close to balance, its Govt bond market remains deep and liquid, its average #debt maturity is more than 8y, and its banking system is resilient, chart @bloomberg.com TV live

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#France is not #Greece 2010: Greece entered the euro crisis with a CA-deficit of roughly 11% of GDP, a fiscal deficit around 15% of GDP, collapsing market access and a deeply stressed banking system, chart @bloomberg.com TV live

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The Trump administration is considering a range of options to tackle soaring #diesel and petrol prices, which have dented the president’s approval ratings just 5-weeks before Nov’s midterm elections, chart @financialtimes.com www.ft.com/content/1187...

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US #refiners are on course to report a more than fourfold increase in profits due to surging diesel and petrol prices caused by Donald Trump’s #Iran #war and Ukrainian attacks on #Russian energy facilities, chart @data.ft.com www.ft.com/content/1187...

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#quant Computer-driven #HedgeFunds are making big profits out of a rout in global Govt bonds that has pushed US and European borrowing costs to multi-decade highs, chart @data.ft.com www.ft.com/content/75b0...

The Trump administration on Wedn began mailing $500 checks to more than 950,000 Americans who bought health insurance through the Affordable Care Act's federal marketplace, chart @yahoofinance.com finance.yahoo.com/personal-fin...

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#Germany: #defense spending alone is not enough to drive an economic recovery. New orders in selected #German industrial sectors, chart @SGKB_News

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#Gold remains in demand as a hedge and is supported by strong demand from CBs. Acc. to a survey by the World Gold Council, 45% of the CBs #surveyed plan to increase their gold reserves over the next 12-months, chart @SGKB_News

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#ClimateChange #super #ElNiño is set to turn sugar glut to deficit this season, chart #Bloomberg www.bloomberg.com/news/article...

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Foreign flows into #Japanese debt securities, chart @reuters.com www.reuters.com/world/asia-p...

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#France is experiencing a political crisis, not a structural insolvency crisis. While the widening risk premium reflects legitimate investor fatigue over stalled reforms and high debt, chart @bloomberg.com TV live

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10 reasons investors are driving Govt bod yields higher, chart @markets www.bloomberg.com/news/article...

#euro #France 's 10y yield spread over #Germany has exceeded 100 bp - The spread is endogenous to the institutional architecture of the EMU—and ultimately to what the @ECB is willing to do, chart @bloomberg.com TV live

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#FX shorting #euro #HedgeFunds are loading up on options that will profit if the #euro weakens against the #dollar as political and fiscal risks mount in #France – chart @markets www.bloomberg.com/news/article...

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10y UST yield versus FFR probabilities, chart @johnauthers.bsky.social opinion

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30y fixed-rate mortgages leapt to 7.28% from 7.03%, acc. to Freddie Mac. The bond-market selloff is raising borrowing costs for home buyers and dealing blow after blow to a limping #housing market, chart @wsj.com www.wsj.com/economy/hous...

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acemaxx analytics @acemaxx.bsky.social · 9h

The Trump administration has told #Germany and #France to release emergency diesel inventories to help to ease global fuel prices or face a potential US diesel export ban - @reuters.com www.reuters.com/business/ene...

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US states are taking a range of steps to curb #diesel and #gasoline prices that have soared in recent months due to supply disruptions stemming from the US war on Iran, Ukrainian strikes on Russia's refineries, and dwindling global inventories, chart @reuters.com www.reuters.com/business/ene...

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acemaxx analytics @acemaxx.bsky.social · 9h

#basketball @EuroLeague #MikeJames Devastating news for #AnadoluEfes and the entire #EuroLeague. Hoping for the best with the test results. Rest up and come back stronger, @TheNatural_05 ! (A diehard @FBBasketbol fan in #Zurich) www.euroleaguebasketball.net/en/euroleagu...

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

#France - @pdonovan-econ.bsky.social #UBS notes: #France’s bonds are the worst performing in the G7 y-t-d. A #debt crisis remains a very remote possibility, however. France’s household wealth is 4x the size of the Govt debt. www.ubs.com/global/en/we...

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

#AI ??? Welcome to the new world of #SuperIntelligence, dash #SI Man, you don’t have to read the punctuation out loud, but honestly, "Sans Intelligence" is a much more accurate acronym for this administration anyway.

acemaxx analytics @acemaxx.bsky.social · 01/10/2026

The market has been riding an #AI wave, but one key question stands out: Is #AI creating lasting economic value, or are capital flows simply circulating within the value chain? chart #GoldmanSachs

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

Facing competition from #Chinese open-source alternatives, leading US AI companies have started to unveil new, cheaper #AI models, chart #GoldmanSachs

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

The #Swiss National Bank’s (SNB) #FX have risen for the fourth consecutive month: CHF 770bn -- The result of a revaluation of assets in SNB’s portfolio and/or SNB’s FX activities.

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

#Swiss #inflation CPI in Sept 2026: 1%Y, 0.0%M, core: 0.5%Y, 0.0%M, import price index: 2.1%Y, 0.5%M, chart @SwissStatistics www.admin.ch/de/newnsb/wN...

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

Additionally, I want to stress that net financial wealth cannot exist for the global private sector as a whole. Financial assets and liabilities net to zero globally. What can exist globally is real wealth: infrastructure, machines, technology, housing, human capital, natural resources, etc. – chart

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

op-ed @MartinWolf_ is treating the stock of public liabilities as though it were itself the scarce resource. It isn't. The scarce resources are real. The financial liabilities are claims on them, chart @FT www.ft.com/content/a120...

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

(my two cents) Gross #debt is not the constraint. The #real constraints are the distribution of financial claims, the currency denomination of liabilities, real resource capacity, inflation, interest-rate policy and institutional monetary arrangements, @MartinWolf_ @FT www.ft.com/content/a120...

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

#doodle Will #AI finish off the human species? Hold your horses! What about #austerity and #precarity?

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

(pivotal) #international outflows have increased slightly since late 2025 but remain below the trend of domestic outflows, chart #JPMorganAM

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

#France is trying to reduce its deficit from about 5.4% to 5% through €54bn of spending cuts, chart @bloomberg.com TV live

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

Payments b/w banks are settled in CB money. Banks create money through lending. Monetary policy determines the degree of restriction. chart #Swiss National Bank SNB www.snb.ch/en/publicati...

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

An awesome new #book (must-read) economics The Power to Destroy – How Bad Economics Drove America’s Decline by Prof James K Galbraith @uchicagopress.bsky.social Sept 2026 press.uchicago.edu/ucp/books/bo...

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

#Germany Without a thriving #retail sector, there can be no economic recovery—especially in a country that has historically been highly dependent on foreign trade, chart Heiner Flassbeck www.relevante-oekonomik.com/2026/09/30/d...

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

In #Germany the number of people in the workforce fell significantly again in Aug. At 29,000, the decline was larger than in most previous months, chart Heiner Flassbeck www.relevante-oekonomik.com/2026/09/30/d...

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

#France operates within a monetary union in which the #ECB is not the #French CB in the conventional national sense, and fiscal policy is constrained by the architecture of the #euro area, chart @bloomberg.com TV live

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

From the perspective of job seekers looking for abundance or high leverage, the situation worsened (meaning fewer jobs were available compared to the month before), chart #newyorkfed www.newyorkfed.org/research/lab...

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

Global asset performance, chart @reuters.com www.reuters.com/business/war...

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acemaxx analytics @acemaxx.bsky.social · 01/10/2026

#China is entering a new phase of #industrialization that could reshape manufacturing, productivity and global supply chains as it evolves from the world’s factory to the world’s industrial operating system, chart #MorganStanley

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acemaxx analytics @acemaxx.bsky.social · 30/09/2026

#euro area 10y Govt bond yield spreads #France #austerity is pro-cyclical. Cutting €54 billion of spending reduces aggregate demand, lowers GDP growth, and worsens the denominator in the debt-to-GDP ratio, chart @bloomberg.com TV live

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acemaxx analytics @acemaxx.bsky.social · 30/09/2026

A new #book (worthwhile) #economics «Gouged» - The End of a Fair Price–and What That Means for Your Wallet by Lindsay Owens @lindsayowens.bsky.social Sept 29, 2026 www.penguinrandomhouse.com/books/778487...

acemaxx analytics @acemaxx.bsky.social · 30/09/2026

#Anthropic is making a massive bet that #AI will transform the global economy more profoundly than industrialization, electricity and the internet, according to its #IPO prospectus seen by #Reuters - chart @reuters.com www.reuters.com/business/fin...

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acemaxx analytics @acemaxx.bsky.social · 30/09/2026

A new #geopolitical economy of resources - The #electrification transition is reshaping global economic power, chart @PictetAM

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acemaxx analytics @acemaxx.bsky.social · 30/09/2026

The #energy transition does not eliminate dependency – it transforms its nature, chart @PictetAM