Steen Jakobsen, chief investment officer and chief economist at Saxo Bank, discusses the US economy, what to expect from the Fed decision and his investment strategy for markets. He speaks on Bloomberg Television.
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THERE WILL BE MUCH MORE AND MORE AND MORE AND MORE AND MORE AND MORE DEBT BUILDINGS + DEBT PROBLEMS IN CHINA( + H.K) ECONOMY!!!!!!!!!!!!!!!) ———– > BECAUSE CHINA (+ H.K) FINANCIAL SYSTEM IS ALREADY COLLAPSING REALLY FASTER THAN MARKET'S EXPECTATIONS BASED ON ITS (-) INTEREST RATES = TOOOOOOOOOOOOOO MUCH DISTORTED ITS NATIONAL BONDS YIELDS ——- CHECK THIS OUT ——— > CHINA ITS 10YR YIELD IS AT 2.8000% VS ITS LPR (1YR 3.7% + 5YR 4.45%) MEANS BAESD ON 1YR (-)0.9% + 5YR (-) 1.65%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) < ———- SEE?!!!!!!!!! NOW WE ARE GETTING BACK TO (-) INTEREST RATES DAYS < ———— MORE AND MORE SUPER STAGFLATION IS INEVITABLY COMING TO HIT THE ECONOMY ——— > WHAT ELSE CAN YOU HEDGE AGAINST THE SUPER STAGFLATION EXCEPT GOLD + OIL?!!!!!!!!!!!!!:) ———- > MORE AND MORE DEBT PROBLEMS ARE GOING ON AND ON IN CHINA (+ H.K) ECONOMY!!!!!!!!!!!!!!!!!:)
THERE WILL BE MUCH MORE AND MORE AND MORE AND MORE AND MORE AND MORE DEBT BUILDINGS + DEBT PROBLEMS IN CHINA( + H.K) ECONOMY!!!!!!!!!!!!!!!) ———– > WE ARE SEEING THE LAST MOMENT OF US$ + T- BONDS ( + EURO + CHINA YUAN(+H.K$) + BITCOIN)!!!!!!!!!!!!!!!!!!!!!!:) ———— > GOLD + OIL PRICES HAVE NO OTHER OPTIONS BUT GOING UP AND UP TO THE SKY ————- > WELCOME US ECONOMY TO JOIN THE (-) INTEREST RATE WORLD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) ———- > DO THE MATH ———– > SO THE TRUTH IS THAT US REAL YIELD IS GETTING INTO (-) INTEREST RATE FROM (+) RATE AT PRESENT JUST LIKE EUROPEAN FINANCIAL MARKET + CHINA FINANCIAL SYSTEM!!!!!!!!!!!!!!!!!!!!:) < ———- MEANS US FED FUNDS RATE WILL BE THIS WEEK AFTER 27TH AT 2.25% – 2.5% VS US 2YR BOND (2.9721%) + 10YR BOND YIELD(2.754%) WILL BE GOING BELOW 2.5% MEANS (-) INTEREST RATE IN REAL YIELD!!!!!!!!!!!!!!:) CHINA ITS 10YR YIELD IS AT 2.8000% VS ITS LPR (1YR 3.7% + 5YR 4.45%) MEANS BAESD ON 1YR (-)0.9% + 5YR (-) 1.65%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) < ———- SEE?!!!!!!!!! NOW WE ARE GETTING BACK TO (-) INTEREST RATES DAYS < ———— MORE AND MORE SUPER STAGFLATION IS INEVITABLY COMING TO HIT THE ECONOMY ——— > WHAT ELSE CAN YOU HEDGE AGAINST THE SUPER STAGFLATION EXCEPT GOLD + OIL?!!!!!!!!!!!!!:)
WE ARE SEEING THE LAST MOMENT OF US$ + T- BONDS ( + EURO + CHINA YUAN(+H.K$) + BITCOIN)!!!!!!!!!!!!!!!!!!!!!!:) ———— > AGAIN AND AGAIN WHO IS GOING TO BUY 9T$ DEBT OF US FED?!!!!!!!!!!!!!!!:) < ————– WHY GOLD PRICE HAS NO OTHER OPTIONS BUT GOING UP AND UP?!!!!!:) ——— > CHINA HAS EVEN MUCH MORE SEVERE US$ LIQUIDITY PROBLEMS THAT < ——- CHECK THIS OUT ———– > China Junk Bonds on Brink of Record Low as Property Woes Grow By Wei Zhou Chinese junk dollar bonds are hovering near a record low set in March, as the country’s property crisis deepens with pain spreading from developers to suppliers and banks. July 19, 2022
THERE WILL BE MUCH MORE AND MORE AND MORE AND MORE AND MORE AND MORE DEBT BUILDINGS + DEBT PROBLEMS IN CHINA( + H.K) ECONOMY!!!!!!!!!!!!!!!) ———– > WE ARE SEEING THE LAST MOMENT OF US$ + T- BONDS ( + EURO + CHINA YUAN(+H.K$) + BITCOIN)!!!!!!!!!!!!!!!!!!!!!!:) ———— > DO THE MATH NOW US 2YR AT 2.9776% VS ITS 10YR AT 2.7360% = (-) WOW!!!!!!!!!! 0.2416% MORE THAN 24BP!!!!!!!!!!!!!!!!!!!:) ———– > HOWEVER US FED HIKES JUST 75BP THIS WEEK, ITS FUNDS RATE WILL BE 2.25% – 2.5% VS ITS 2YR & 10YR < ———- WHAT IS GOING TO HAPPEN UNDER AN EXCUSE OF RECESSION?!!!!!!!!!!!!!!!!!!!!!!!!< ————- (-) REAL YIELD MEANS MORE AND MORE FINANCIAL ENGINEERING PROBLEMS FORM TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH BUBBLES OF US$ + T – BONDS BASED ON TOOOOOOOOOOOOOOOOOO MUCH BUBBLED US FED'S FUNDS RATE, SHOUD HAVE BEEN NOW AT LEAST + 5% – + 6% SINCE 3RD Q OF 2021!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
THERE WILL BE MUCH MORE AND MORE AND MORE AND MORE AND MORE AND MORE DEBT BUILDINGS + DEBT PROBLEMS IN CHINA( + H.K) ECONOMY!!!!!!!!!!!!!!!) ———– > WE ARE SEEING THE LAST MOMENT OF US$ + T- BONDS ( + EURO + CHINA YUAN(+H.K$) + BITCOIN)!!!!!!!!!!!!!!!!!!!!!!:) ———— >. NOW WHO IS BUYING US DEBT T- BONDS? ESP 9T$ OF THE US FED?!!!!!!!!!!!!!!!!!!!!!!!!:) < ———— CHINA + JAPAN ARE SELLING OFF US T – BONDS MORE AND MORE FURTHER AND FURTHER AND INDEED AFTER THIS WEEK MORE 56% PROBABILITY THAT ———– > JUST LIKE CHINA + EU = USA ALSO GETTING INTO THE (-) INTEREST RATE IN REAL YIELD WILL BE STATING ———- > DO THE MATH NOW US 2YR AT 2.9776% VS ITS 10YR AT 2.7360% = (-) WOW!!!!!!!!!! 0.2416% MORE THAN 24BP!!!!!!!!!!!!!!!!!!!:) ———– > HOWEVER US FED HIKES JUST 75BP THIS WEEK, ITS FUNDS RATE WILL BE 2.25% – 2.5% VS ITS 2YR & 10YR < ———- WHAT IS GOING TO HAPPEN UNDER AN EXCUSE OF RECESSION?!!!!!!!!!!!!!!!!!!!!!!!!< ————- (-) REAL YIELD MEANS MORE AND MORE FINANCIAL ENGINEERING PROBLEMS FORM TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH BUBBLES OF US$ + T – BONDS BASED ON TOOOOOOOOOOOOOOOOOO MUCH BUBBLED US FED'S FUNDS RATE, SHOUD HAVE BEEN NOW AT LEAST + 5% – + 6% SINCE 3RD Q OF 2021!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
THERE WILL BE MUCH MORE AND MORE AND MORE AND MORE AND MORE AND MORE DEBT BUILDINGS + DEBT PROBLEMS IN CHINA( + H.K) ECONOMY!!!!!!!!!!!!!!!) ———– > WE ARE SEEING THE LAST MOMENT OF US$ + T- BONDS ( + EURO + CHINA YUAN(+H.K$) + BITCOIN)!!!!!!!!!!!!!!!!!!!!!!:) ———— > MORE AND MORE INFLATION COMING TO HIT THE US ECONOMY WE WILL SEE + 10% CPI NUMBER BEFORE END OF 2022 ———– > FOR EXAMPLE) US CPI FOR JUNE +9.1% MEANS JUNE ONLY YOU 'VE LOST – 9.1% IN REAL VALUE OF US$ IF YOU HAD US$ + EVEN MUCH MORE LOSS FROM T- BONDS ———- > GOLD + OIL PRICES HAVE ANY OTHER OPTIONS BUT GOING UP AND UP TO THE SKY?!!!!!!!!!!!!!:) < ———– AGAIN AND AGAIN DO THE MATH THAT NOW JAPAN + CHINA ARE SELLING OFF THE US T- BONDS 6MONTHS CONSECUTIVELY MEANS CHINA + JAPAN ARE NO LONGER BUYING US DEBT ESP MEANS WHO IS GOING TO BUY 9T$ BALANCE SHEET OF THE FED?!!!!!!!!!:) < ———- MORE AND MORE WALL ST OR EUROPEAN INSTITUTIONS ARE BUYING T – BONDS + EU BONDS = MORE AND MORE SUPER STAGFLATION COMING TO HIT THE ECONOMY!!!!!!!!!:) ———- > AGAI AND AGAIN THIS IS ALL BECAUSE OF ABSURDLY BUBBLED US$'S VALUE + EURO + BONDS IN THOSE REGIONS!!!!!!!!!!!!!!!!:) ———– > END IS END!!!!!!!!!!!:)
THERE WILL BE MUCH MORE AND MORE AND MORE AND MORE AND MORE AND MORE DEBT BUILDINGS + DEBT PROBLEMS IN CHINA( + H.K) ECONOMY!!!!!!!!!!!!!!!) ———– >WE ARE SEEING THE LAST MOMENT OF US$ + T- BONDS ( + EURO + CHINA YUAN(+H.K$) + BITCOIN)!!!!!!!!!!!!!!!!!!!!!!:) ———— > SIMPLE ECONOMIC FACT THAT INCREMENTAL INFLATION IN US ECONOMY HAS CAUSED A RECESSION HOWEVER STILL US 10YR BOND YIELD IS EVEN BELOW 3.0% (= 2.754%)!!!!!!!!!!!!! ——— > 2.754% – US CPI (+) 9.1% = (-) WOW 6.3460%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) EVEN AFTER US FED FUNDS RATE HAS HIKED BY 150BP SINCE MARCH BUT STILL EVEN BELOW 3% MEANS MORE ADN MORE SUPER STAGFLATION IS COMING TO HIT THE ECONOMY BECAUSE OF TOOOOOOOOOOOOOOOOOO MUCH BUBBLES OF US$ + T – BONDS YIELDS!!!!!!!!!!!!!!!:) < ———— AGAIN AND AGAIN WHO IS BUYING US DEBT? NOBODY WANTS TO T- BONDS BECAUSE US ECONOMY IS STRAIGHTLY GOING INTO THE GREATEST ECONOMIC CRISIS EVER SINCE THE BEGINNING OF THE 20TH CENTURY < ———- MEANS TOOOOOOOOOOOOOOOOO LATE TO DEAL WITH IT AND INEVITABLY US ECONOMY IS NOT ABLE TO OUT OF THE GREATEST CRISIS!!!!!!!!:)
THERE WILL BE MUCH MORE AND MORE AND MORE AND MORE AND MORE AND MORE DEBT BUILDINGS + DEBT PROBLEMS IN CHINA( + H.K) ECONOMY!!!!!!!!!!!!!!!) ———– >WE ARE SEEING THE END OF US$ + T – BONDS ( + BITCOIN + EURO+ CHINA YUAN + H.K$) ———– >. NOW CHINA JUNK BONDS RATE HAS HIT THE EVEN BELOW 20CENT AND IT WILL BE GOING EVEN LOWER AND LOWER < ———- UNDER ALMOST ALL OF DEFAULTS OF CHINA'S MAJOR DEVELOPERS NOW ——— > HOW IS CHINA (+H.K) FINANCIAL SYSTEM'S SYSTEMIC FAILURE POSSIBLY TO AVOID???!!!!!!!!!!:) AGAIN AND AGAIN AS I'VE SAID MANY TIMES SINCE 3RD Q OF 2021 THAT BASED ON MORE THAN 98.89% PROBABILITY, CHINA (+H.K) HAS NO OTHER OPTIONS BUT GOING INTO A HUGE NATIONAL DEFAULT VERY VERY SOON!!!!!!!!!:) < —————– IN CASE OF CHINA ECONOMY (FOR INSTANCE) MORE THAN 65% OF TOTAL ITS DEVELOPERS ARE IN DEFAULTS SITUATION AND ITS SYSTEMIC RISK HAS BEEN FULLY ENTRENCHED INTO ITS FINANCIAL SYSTEM!!!!!!!!!!!!!!!!!!!!:) ———— > IN ANYWAY WE ARE SEEING THE LAST MOMENT OF US$ + T- BONDS ( + EURO + CHINA YUAN(+H.K$) + BITCOIN)!!!!!!!!!!!!!!!!!!!!!!! < ———– AGAIN AND AGAIN IT'S TOOOOOOOOOOOOOOOOOOOOO LATE TO PREVENT THE END OF THOSE CURRENCIES FROM THE FINANCIAL ENGINEERING PROBLEMS + SOCIAL + POLITICAL ENGINEERING DISASTERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
THERE WILL BE MUCH MORE AND MORE AND MORE AND MORE AND MORE AND MORE DEBT BUILDINGS + DEBT PROBLEMS IN CHINA( + H.K) ECONOMY!!!!!!!!!!!!!!!) ———– >WE ARE SEEING THE END OF US$ + T – BONDS ( + BITCOIN + EURO+ CHINA YUAN + H.K$) ———– >. EVEN IN A CONSERVATIVE MATH CALCULATION ————— > IN CASE OF CHINA ECONOMY (FOR INSTANCE) MORE THAN 65% OF TOTAL ITS DEVELOPERS ARE IN DEFAULTS SITUATION AND ITS SYSTEMIC RISK HAS BEEN FULLY ENTRENCHED INTO ITS FINANCIAL SYSTEM!!!!!!!!!!!!!!!!!!!!:) ———— > IN ANYWAY WE ARE SEEING THE LAST MOMENT OF US$ + T- BONDS ( + EURO + CHINA YUAN(+H.K$) + BITCOIN)!!!!!!!!!!!!!!!!!!!!!!! < ———– AGAIN AND AGAIN IT'S TOOOOOOOOOOOOOOOOOOOOO LATE TO PREVENT THE END OF THOSE CURRENCIES FROM THE FINANCIAL ENGINEERING PROBLEMS + SOCIAL + POLITICAL ENGINEERING DISASTERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
END IS END!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) ———- > Hong Kong Liquidity Shrinks 50% Since May Amid Currency Defense
City’s aggregate cash balance has dwindled to HK$165 billion Aggregate balance likely to fall below HK$100 billion: Mizuho ByChester Yung July 26, 2022 at 9:22 AM GMT+8Updated onJuly 26, 2022 at 12:48 PM GMT+8 A measure of Hong Kong’s interbank liquidity halved in the past two months, with analysts forecasting more cash drainage as the city’s de-facto central bank defends its currency. The Hong Kong Monetary Authority has bought a total HK$172 billion ($22 billion) of local currency since May 11, shrinking the aggregate balance to about HK$165 billion. That has pushed up local interest rates, helping narrow the gap with the US to help the HKMA maintain its dollar peg.
BLOOMBERG DO NOT DELETE THE TRUTH!!!!!!!!!!!!!!!!!!!! ———– > NOTHING WILL CHANGE ———– > THIS IS A MATH NOT RELATED WITH ANYTHING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) DO THE MATH!!!!!!!!!!!!!!!!!!!!!!!!!!! ————- > TOOOOOOOOOOOO LATE TO FIX THE PROBLEMS!!!!!!!!!!!!!!!!!!:) AFTER H.K$ WHAT CURRENCY WILL BE NEXT?!!!!!!!!!!!!!:) < ————- CHINA YUAN!!!!!!!!!!!!!!!!!!!!!!!!!!! WHO DENIES THE FACT?!!!!!!!!!!!!!!!!!!!!!!!:) END IS END!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) ———- > Hong Kong Liquidity Shrinks 50% Since May Amid Currency Defense
City’s aggregate cash balance has dwindled to HK$165 billion Aggregate balance likely to fall below HK$100 billion: Mizuho ByChester Yung July 26, 2022 at 9:22 AM GMT+8Updated onJuly 26, 2022 at 12:48 PM GMT+8 A measure of Hong Kong’s interbank liquidity halved in the past two months, with analysts forecasting more cash drainage as the city’s de-facto central bank defends its currency. The Hong Kong Monetary Authority has bought a total HK$172 billion ($22 billion) of local currency since May 11, shrinking the aggregate balance to about HK$165 billion. That has pushed up local interest rates, helping narrow the gap with the US to help the HKMA maintain its dollar peg.
CHINA (+ H.K) ECONOMY MORE THAN 120% FINISHED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) DO NOT DENY THE FACT!!!!!!!!!!!!!!!!!!!!!!!!!!! FINISH IS FINISH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) < ———— NOW HOW TO DEAL WITH CHINA + EU + US DEBT PROBLEMS MEANS WORLD ECONOMY IS HAVING NO OTHER OPTIONS BUT GOING INTO THE BIGGEST EVER NEVER CRISIS SINCE THE BEGINNING OF THE 20TH CENTURY AND THERE WILL BE NO MORE ECONOMIC SUPER POWER COUNTRIES IN THE WORLD MEANS < ———– NOW WE ARE ALREADY STARTING TO HAVE MULTILATERAL ECONOMIC SYSTEM = MULTI- TRADING CURRENCY SYSTEM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
P.S AS I'VE SAID MANY TIMES THAT ONE OF THE BIGGEST DRIVERS TO DESTROY THE VALUES OF US$ + EURO + CHINA YUAN (+H.K$) HAS BEEN CRYPTOS = ESP BITCOIN AND NOW WE ARE ALSO SEEING THE LAST MOMENT OF BITCOIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) < ———— SOOOOOOOOOOOOOOOOOOOO STUPID MEANS US + CHINA + EU ARE KILLING YOUR CURRENCIES THROUGH CRYPTOS!!!!!!!!!!!!!!!!!!!!!:) < —————- GREAT JOBS ———– TOOOOOOOOOOOOOOOOOOOOOOOO LATE TO FIX THE FINANCIAL ENGINEERING PROBLEMS AS I'VE SAID SOOOOOOOOOOO MANY TIMES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) HAHAHAHAHAHAHAHAAHAHA!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN GOLD + OIL PRICES HAVE NO OTHER OPTIONS BUT GOING UP AND UP TO THE SKY BECAUSE OF THE MOST SEVERE FINANCIAL + SOCIAL + POLITICAL ENGINEERING PROBLEMS EVER BEEN SINCE 20TH CENTURY!!!!!!!!!!!!!!!:) GOLD PRICE WILL BE RECOVERING 2K$ LEVEL VERY VERY SOON AND OIL PRICE WILL BE IN THE RANGE OF 140$ BB/LS BEFORE END OF SEP!!!!!!!!!!!!!:)
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In the current case, a significant portion of the inflation is caused by supply chain disruptions. To reduce current inflation the government should be using tax incentives to compensate consumers for delaying their purchase of homes and other high priced items until next year and the following years, when the supply chains should be more stable, and our productive capacity will be restored. This would allow people to save more money, while demand is reduced, instead of the Fed taking away their money to reduce demand.
Media Fox, MSNBC, CNN and others Stop 🛑 it believing the BIDEN administration for the inflation …why are we not blaming the Oil Companies, These CEO's of the companies of product we are buying that are steal making Millions if the American PPL need to be mad it is at the COMPANIES not the Biden Adm.
PPL let's not them play us as Americans when all these CEO's & OIL Companies are steal making Millions..just my opinion we need to look at them and maybe Boycott some them think 🤔🧐 about it.