Dominic de Ban
@domdb.bsky.social
Bond markets. Cycling. Vizslas. Horse. Majorca.
Reposted by Dominic de Ban
A must-read!
Even if we are past peak tariff lunacy, the path back down Mount Stupid is sure to be long and bumpy, while much of the damage of the last few weeks is likely to be permanent. My latest on the Trump capitulation trade
The Capitulation Trade
The markets seem persuaded that we are past the peak of Trump tariff lunacy. But the path back down Mount Stupid will be long and bumpy, while some of the damage of these last weeks will be permanent
open.substack.com
April 25, 2025 at 7:03 PM
A must-read!
Reposted by Dominic de Ban
Last few days offers a glimmer of hope that long gilts might be decoupling from long USTs.
April 17, 2025 at 5:40 PM
Last few days offers a glimmer of hope that long gilts might be decoupling from long USTs.
Reposted by Dominic de Ban
Large Canadian and Danish pension funds are halting or reassessing their private market investments into the US after Donald Trump’s erratic policy blitz. These funds are critical investors in the US private capital apparatus. www.ft.com/content/6eea...
Trump chaos prompts top Canadian and Danish pension funds to cool on US
Rethink comes as tariffs and talk of territorial expansion stoke market instability and geopolitical tension
www.ft.com
April 13, 2025 at 9:11 AM
Large Canadian and Danish pension funds are halting or reassessing their private market investments into the US after Donald Trump’s erratic policy blitz. These funds are critical investors in the US private capital apparatus. www.ft.com/content/6eea...
Reposted by Dominic de Ban
The best overview so far.
Hopes that Trump's tariff plan might end the uncertainty that has been hanging over the global economy since Inauguration Day are for the birds. His plan is so half-baked that no one knows whether the next move in tariffs is up or down. He has at a stroke destroyed the credibility of US policymaking
The End of the Economic World as We Knew It
Focusing on Trump's tariffs risks missing the bigger picture. The consequences of upending the global economic order on this scale will not be limited to trade
open.substack.com
April 3, 2025 at 4:46 PM
The best overview so far.
Reposted by Dominic de Ban
In today’s Sunday Wrap:
The importance of the German election at a time when the US Gov has lost all sanity and decency.
What to look for when the results come in tonight.
www.research.unicredit.eu/DocsKey/econ...
The importance of the German election at a time when the US Gov has lost all sanity and decency.
What to look for when the results come in tonight.
www.research.unicredit.eu/DocsKey/econ...
February 23, 2025 at 3:29 PM
In today’s Sunday Wrap:
The importance of the German election at a time when the US Gov has lost all sanity and decency.
What to look for when the results come in tonight.
www.research.unicredit.eu/DocsKey/econ...
The importance of the German election at a time when the US Gov has lost all sanity and decency.
What to look for when the results come in tonight.
www.research.unicredit.eu/DocsKey/econ...
Reposted by Dominic de Ban
In yesterday’s Sunday Wrap I argue:
1- JD Vance’s speech in Munich on Friday marks a change in the world order at par with Putin’s speech there in 2007.
2- Markets have not yet grasped this a priced in the enormity of destruction now likely.
www.research.unicredit.eu/DocsKey/econ...
1- JD Vance’s speech in Munich on Friday marks a change in the world order at par with Putin’s speech there in 2007.
2- Markets have not yet grasped this a priced in the enormity of destruction now likely.
www.research.unicredit.eu/DocsKey/econ...
www.research.unicredit.eu
February 17, 2025 at 12:45 PM
In yesterday’s Sunday Wrap I argue:
1- JD Vance’s speech in Munich on Friday marks a change in the world order at par with Putin’s speech there in 2007.
2- Markets have not yet grasped this a priced in the enormity of destruction now likely.
www.research.unicredit.eu/DocsKey/econ...
1- JD Vance’s speech in Munich on Friday marks a change in the world order at par with Putin’s speech there in 2007.
2- Markets have not yet grasped this a priced in the enormity of destruction now likely.
www.research.unicredit.eu/DocsKey/econ...
A must read. If you like gilts etc w
🚨 UK gilts & UST yields are up c1% from Sep-24 lows. I looked at how. on.ft.com/3BZUhX8
January 9, 2025 at 5:24 PM
A must read. If you like gilts etc w
Reposted by Dominic de Ban
We know Jenrick is both a shameless opportunist and an overt racist/ethnonationalist.
But the test is now for Badenoch.
Ted Heath, to his great credit, immediately sacked Enoch Powell.
Does she have the same moral courage?
But the test is now for Badenoch.
Ted Heath, to his great credit, immediately sacked Enoch Powell.
Does she have the same moral courage?
January 5, 2025 at 11:37 AM
We know Jenrick is both a shameless opportunist and an overt racist/ethnonationalist.
But the test is now for Badenoch.
Ted Heath, to his great credit, immediately sacked Enoch Powell.
Does she have the same moral courage?
But the test is now for Badenoch.
Ted Heath, to his great credit, immediately sacked Enoch Powell.
Does she have the same moral courage?
That’s so sad. First she leaves her village without an idiot and now ….
NEW: Former MP Andrea Jenkyns, who received a damehood in Boris Johnson's resignation honours, quits the Tory party for Reform, saying it was "not an easy decision" but "the truth is undeniable, the ship is sinking".
November 28, 2024 at 5:01 PM
That’s so sad. First she leaves her village without an idiot and now ….
Your chance to be an early follower of a very wise European who will educate and update you for nothing (almost) every Sunday. Welcome Erik!
In today’s Sunday Wrap, I discuss the recent miserable European econ data and argue that we’ll get a moderate cyclical recovery next year.
I also explain why I’m moderately optimistic that EU - and Germany - will begin to reform in 2025.
www.research.unicredit.eu/DocsKey/econ...
I also explain why I’m moderately optimistic that EU - and Germany - will begin to reform in 2025.
www.research.unicredit.eu/DocsKey/econ...
www.research.unicredit.eu
November 24, 2024 at 2:34 PM
Your chance to be an early follower of a very wise European who will educate and update you for nothing (almost) every Sunday. Welcome Erik!
Reposted by Dominic de Ban
New data on farms and inheritance tax: a third of farm estates over £1.5m aren’t farmers but wealthy people avoiding IHT by sinking money into farmland.
The Budget hits farmers too hard and tax avoiders too lightly. It needs to change.
The Budget hits farmers too hard and tax avoiders too lightly. It needs to change.
November 24, 2024 at 9:00 AM
New data on farms and inheritance tax: a third of farm estates over £1.5m aren’t farmers but wealthy people avoiding IHT by sinking money into farmland.
The Budget hits farmers too hard and tax avoiders too lightly. It needs to change.
The Budget hits farmers too hard and tax avoiders too lightly. It needs to change.
Andy is one of my very few go-to guys on the other gaff when I want to see what I’ve missed in markets. He’s a proper veteran of markets. Ex Salomon. Great cv. Give him a follow !
Free DampedSpring report dampedspring.com/wp-content/u...
dampedspring.com
November 22, 2024 at 4:48 PM
Andy is one of my very few go-to guys on the other gaff when I want to see what I’ve missed in markets. He’s a proper veteran of markets. Ex Salomon. Great cv. Give him a follow !
Reposted by Dominic de Ban
Free DampedSpring report dampedspring.com/wp-content/u...
dampedspring.com
November 22, 2024 at 4:26 PM
Free DampedSpring report dampedspring.com/wp-content/u...
Reposted by Dominic de Ban
🚨 The start of a new round of gilt market carnage? on.ft.com/40sJzCm
The start of a new round of gilt market carnage?
Parsing 101 words from the OBR
on.ft.com
October 31, 2024 at 3:16 PM
🚨 The start of a new round of gilt market carnage? on.ft.com/40sJzCm
Lovely !
October 13, 2024 at 9:42 PM
Lovely !
Reposted by Dominic de Ban
Just published the "tax longlist" - 29 ways Rachel Reeves could raise £22bn:
taxpolicy.org.uk
September 25, 2024 at 10:27 AM
Just published the "tax longlist" - 29 ways Rachel Reeves could raise £22bn:
Marc Soler is the Duracell bunny of cycling.
September 7, 2024 at 4:56 PM
Marc Soler is the Duracell bunny of cycling.
TdF 2024.
🚲🚲🚲🚲🚲from me.
🚲🚲🚲🚲🚲from me.
July 21, 2024 at 9:02 PM
TdF 2024.
🚲🚲🚲🚲🚲from me.
🚲🚲🚲🚲🚲from me.
Juan Ayuso’s 2025 program.
Tour of N Korea.
Tour of Siberia.
Tour of Somalia.
Tour of N Korea.
Tour of Siberia.
Tour of Somalia.
July 13, 2024 at 2:33 PM
Juan Ayuso’s 2025 program.
Tour of N Korea.
Tour of Siberia.
Tour of Somalia.
Tour of N Korea.
Tour of Siberia.
Tour of Somalia.
Vos is Boss! Great to see the Cross riders in top ten too. Shirin and Puck.
February 24, 2024 at 7:42 PM
Vos is Boss! Great to see the Cross riders in top ten too. Shirin and Puck.
Mvdp. One two or three classic wins this year?
February 4, 2024 at 8:58 PM
Mvdp. One two or three classic wins this year?
Fem Van Empel is one hell of a bike rider.
February 3, 2024 at 8:30 PM
Fem Van Empel is one hell of a bike rider.
What a cracking episode of The Cycling Podcast. Predictions. Got me thinking about mine. I want Pog to win TdF too much.
January 11, 2024 at 4:09 PM
What a cracking episode of The Cycling Podcast. Predictions. Got me thinking about mine. I want Pog to win TdF too much.