I am a bit of a broken record on this topic.

But the economics of semiconductor production in the US relative to Taiwan and Korea (or Singapore for that matter) cannot be entirely divorced from discussions about these countries' exchange rate policies over time.

1/x

$META looks like Chamath took it public via a SPAC

*Meta's quarterly profit fell 'by about half'

not in the metaverse though

Appending mini-thread here because again I believe Structural Inflation presents an 'Every Man For Himself' dynamic between CBs.
twitter.com/UrbanKaoboy/st…

BREAKING: ELON TELLS TWITTER EMPLOYEES THEY CAN WORK FROM HOME JUST NOT FOR TWITTER

1 Euro = 1 Euro

*Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA

did they bother looking at the gold price?

For anyone who is dead set in either the inflation or deflation camp, this is for you. Rather than cementing your place in one camp or the other, the more important issue is understanding how each could develop. Keep an open mind...
#NothingIsWritten

Concoda 🥷 💯
Foreign sales seem to have stabilised for now. GSIBs holdings of USTs (% of assets) also stabilised and look to be reversing trend. And Gilts (and other DM bonds) have had a bid recently pulling US long rates ⬇️.