Otavio (Tavi) Costa
TaviCosta
The Fed is trapped.Let’s dive in deeper.Thread The year is just getting started and US fiscal deficits already reached another record.Now at its worst level in 70 years.The current
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Some staggering data & commentaries from the Dallas Fed Manufacturing report.Let’s dive in The outlook for prices of received finished goods just surged to all-time highs. If we overlay this
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Get ready.71% of the government debt issued this past year matures in less than 12 months.Treasury Bills’ outstanding shot up to $5 trillion!No way around this…The Fed’s balance is set
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China.On the verge of a currency devaluation.There has never been so many strong reasons for it. To set the stage:China’s credit imbalances dwarf anything ever seen.400% growth in banking assets
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This is oil YTD folks…Absolutely destroyed. It’s hard not to buy some at these levels. Let me elaborate on the bull case. WTI futures were at record contango just 2
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