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Macro Update
Here are this video’s topics of discussion:
I start with the US and Japan currency intervention, the operation nobody expected in the form it arrived, and why I am calling it the story of the year.
I then turn to what this means for the dollar and for global macro, and the shift in how monetary authorities are going to intervene from here.
I move on to TBL Liquidity and our unconfirmed green dot, and where I think confirmation stands right now.
I then walk through what is actually driving the move in US yields, plus a look under the hood at the banking system.
I close on the US economy, including one chart I genuinely could not believe when I opened the chart pack this morning.
Okay, on to today’s 36-minute video and TLDR summary.
If you prefer watching these videos on YouTube, we have attached the YouTube link under the TL;DR Section.
