acemaxx analytics
@acemaxx.bsky.social
macro economics, charts, books, short interviews, Alumni University of St. Gallen, Switzerland
https://acemaxxanalytics.substack.com/
https://acemaxxanalytics.substack.com/
(nope!) wrong -
#Pictet WM - @pictetgroup.bsky.social notes today that «a sustained narrowing of the US external deficits would ultimately require a reduction in the fiscal deficit»
#Pictet WM - @pictetgroup.bsky.social notes today that «a sustained narrowing of the US external deficits would ultimately require a reduction in the fiscal deficit»
November 11, 2025 at 9:39 AM
(nope!) wrong -
#Pictet WM - @pictetgroup.bsky.social notes today that «a sustained narrowing of the US external deficits would ultimately require a reduction in the fiscal deficit»
#Pictet WM - @pictetgroup.bsky.social notes today that «a sustained narrowing of the US external deficits would ultimately require a reduction in the fiscal deficit»
#China plans to ease the flow of #rareearths and other restricted materials to the US by designing a system that will exclude companies with ties to the US #military while fast-tracking export approvals for other firms, chart @wsj.com
www.wsj.com/world/china/...
www.wsj.com/world/china/...
November 11, 2025 at 9:11 AM
#China plans to ease the flow of #rareearths and other restricted materials to the US by designing a system that will exclude companies with ties to the US #military while fast-tracking export approvals for other firms, chart @wsj.com
www.wsj.com/world/china/...
www.wsj.com/world/china/...
(Yes!) must-read
If Govt cut their borrowing, then either the private sector must borrow more, or the country must run a larger current account surplus. There is no 3rd option, chart @nickj_econ peofdev.wordpress.com/2025/10/29/b...
If Govt cut their borrowing, then either the private sector must borrow more, or the country must run a larger current account surplus. There is no 3rd option, chart @nickj_econ peofdev.wordpress.com/2025/10/29/b...
November 11, 2025 at 7:21 AM
(Yes!) must-read
If Govt cut their borrowing, then either the private sector must borrow more, or the country must run a larger current account surplus. There is no 3rd option, chart @nickj_econ peofdev.wordpress.com/2025/10/29/b...
If Govt cut their borrowing, then either the private sector must borrow more, or the country must run a larger current account surplus. There is no 3rd option, chart @nickj_econ peofdev.wordpress.com/2025/10/29/b...
US #equity risk premium, measured as the difference b/w S&P 500’s earnings #yield and 10y UST yield, has turned negative. US stocks now offer investors no return whatsoever on a risk-adjusted basis, chart @markets
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
November 11, 2025 at 7:05 AM
US #equity risk premium, measured as the difference b/w S&P 500’s earnings #yield and 10y UST yield, has turned negative. US stocks now offer investors no return whatsoever on a risk-adjusted basis, chart @markets
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
#FX
US #dollar is regaining its crown as one of the world’s most appealing assets, defying talk of a “Sell America” trade that had raised troubling questions about the outlook for the global reserve currency, chart @markets
www.bloomberg.com/news/article...
US #dollar is regaining its crown as one of the world’s most appealing assets, defying talk of a “Sell America” trade that had raised troubling questions about the outlook for the global reserve currency, chart @markets
www.bloomberg.com/news/article...
November 11, 2025 at 6:58 AM
#FX
US #dollar is regaining its crown as one of the world’s most appealing assets, defying talk of a “Sell America” trade that had raised troubling questions about the outlook for the global reserve currency, chart @markets
www.bloomberg.com/news/article...
US #dollar is regaining its crown as one of the world’s most appealing assets, defying talk of a “Sell America” trade that had raised troubling questions about the outlook for the global reserve currency, chart @markets
www.bloomberg.com/news/article...
Bank of #Israel ’s FX reserves at the end of Oct 2025 stood at $231,954 million, an increase of $74 million from their level at the end of the previous month. The level of the reserves relative to GDP was 41.3%,
chart BoI www.boi.org.il/en/communica...
chart BoI www.boi.org.il/en/communica...
November 11, 2025 at 6:53 AM
Bank of #Israel ’s FX reserves at the end of Oct 2025 stood at $231,954 million, an increase of $74 million from their level at the end of the previous month. The level of the reserves relative to GDP was 41.3%,
chart BoI www.boi.org.il/en/communica...
chart BoI www.boi.org.il/en/communica...
#economics
I am looking forward to @isabellamweber.bsky.social 's next awesome #book “Antifascist Economics” --- It will be published soon by @suhrkamp.de (German) and #penguinrandom (English) www.suhrkamp.de/buch/isabell...
I am looking forward to @isabellamweber.bsky.social 's next awesome #book “Antifascist Economics” --- It will be published soon by @suhrkamp.de (German) and #penguinrandom (English) www.suhrkamp.de/buch/isabell...
November 11, 2025 at 6:44 AM
#economics
I am looking forward to @isabellamweber.bsky.social 's next awesome #book “Antifascist Economics” --- It will be published soon by @suhrkamp.de (German) and #penguinrandom (English) www.suhrkamp.de/buch/isabell...
I am looking forward to @isabellamweber.bsky.social 's next awesome #book “Antifascist Economics” --- It will be published soon by @suhrkamp.de (German) and #penguinrandom (English) www.suhrkamp.de/buch/isabell...
While #Fed is lacking official data on #jobs, their reading of #labor market weakness might mean that a further rate #cut in Dec remains in the cards, chart #JPMorganAM
November 11, 2025 at 6:34 AM
While #Fed is lacking official data on #jobs, their reading of #labor market weakness might mean that a further rate #cut in Dec remains in the cards, chart #JPMorganAM
In #China - meanwhile, a broader gauge that includes upstream sectors, known as the GDP #deflator, has been steadily declining for 10 quarters, indicating that #deflation is much more entrenched in the industrial sector, chart @economics www.bloomberg.com/graphics/202...
November 11, 2025 at 6:25 AM
In #China - meanwhile, a broader gauge that includes upstream sectors, known as the GDP #deflator, has been steadily declining for 10 quarters, indicating that #deflation is much more entrenched in the industrial sector, chart @economics www.bloomberg.com/graphics/202...
#Switzerland moves close to securing improved 15% #tariff deal with Washington - chart @bpolitics www.bloomberg.com/news/article...
November 11, 2025 at 6:12 AM
#Switzerland moves close to securing improved 15% #tariff deal with Washington - chart @bpolitics www.bloomberg.com/news/article...
#FRED has added new data series of temporary open market operations and tri-party collateral rate date from the #NewYork Fed - chart @stlouisfed.bsky.social fred.stlouisfed.org/graph/
November 11, 2025 at 6:07 AM
#FRED has added new data series of temporary open market operations and tri-party collateral rate date from the #NewYork Fed - chart @stlouisfed.bsky.social fred.stlouisfed.org/graph/
The federal Govt #shutdown canceled a 2nd straight #jobs report, but private #data sources suggest the #labor market has weakened modestly since summer, chart @nytimes.com @bencasselman.bsky.social
www.nytimes.com/2025/11/07/b...
www.nytimes.com/2025/11/07/b...
November 11, 2025 at 6:04 AM
The federal Govt #shutdown canceled a 2nd straight #jobs report, but private #data sources suggest the #labor market has weakened modestly since summer, chart @nytimes.com @bencasselman.bsky.social
www.nytimes.com/2025/11/07/b...
www.nytimes.com/2025/11/07/b...
US #ports are facing “goods recession” amid holiday lull – #tariff woes - chart @economics
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
November 11, 2025 at 6:01 AM
US #ports are facing “goods recession” amid holiday lull – #tariff woes - chart @economics
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
#driving hours to by cheese in #Greece and escape #inflation – chart @bpolitics www.bloomberg.com/news/article...
November 10, 2025 at 8:08 AM
#driving hours to by cheese in #Greece and escape #inflation – chart @bpolitics www.bloomberg.com/news/article...
#FX
#Japan and #Eurozone still have much lower short-term rates than the U.S. — so investors from those regions must pay up to hedge USD exposure - chart #JPMorganAM
#Japan and #Eurozone still have much lower short-term rates than the U.S. — so investors from those regions must pay up to hedge USD exposure - chart #JPMorganAM
November 10, 2025 at 7:23 AM
#FX
#Japan and #Eurozone still have much lower short-term rates than the U.S. — so investors from those regions must pay up to hedge USD exposure - chart #JPMorganAM
#Japan and #Eurozone still have much lower short-term rates than the U.S. — so investors from those regions must pay up to hedge USD exposure - chart #JPMorganAM
The outlook for #AI #demand going forward remains highly #uncertain, however, and with US market# concentration at historically high levels, equity #diversification across both geographies and sectors remains critical, chart #JPMorganAM
November 10, 2025 at 7:00 AM
The outlook for #AI #demand going forward remains highly #uncertain, however, and with US market# concentration at historically high levels, equity #diversification across both geographies and sectors remains critical, chart #JPMorganAM
#market expectations for future CB policy rates, chart #MorganStanley
November 10, 2025 at 6:50 AM
#market expectations for future CB policy rates, chart #MorganStanley
CB policy rates, chart #MorganStanley
November 10, 2025 at 6:47 AM
CB policy rates, chart #MorganStanley
There is no US #hyperscaler #AI #DataCenter buildout without passing through #Asia - chart Gabriela Santos #JPMorganAM
November 10, 2025 at 6:46 AM
There is no US #hyperscaler #AI #DataCenter buildout without passing through #Asia - chart Gabriela Santos #JPMorganAM
Uni Michigan Consumer #Sentiment (60% weight) Index (blue line); current (40% weight) conditions (white line) hit a record low since 2022, chart @bloomberg.com TV live
November 10, 2025 at 6:19 AM
Uni Michigan Consumer #Sentiment (60% weight) Index (blue line); current (40% weight) conditions (white line) hit a record low since 2022, chart @bloomberg.com TV live
Branko Milanovic @brankomilan.bsky.social is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York explores why are we becoming increasingly unhappy, when the world is becoming richer and more equal?
November 10, 2025 at 6:14 AM
Branko Milanovic @brankomilan.bsky.social is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York explores why are we becoming increasingly unhappy, when the world is becoming richer and more equal?
The growth incidence curve: The upward sloping curve implies that the relative (percentage) gains were greater for the rich than the poor, chart @brankomilan.bsky.social
November 10, 2025 at 6:11 AM
The growth incidence curve: The upward sloping curve implies that the relative (percentage) gains were greater for the rich than the poor, chart @brankomilan.bsky.social
A new (striking) #book #economics
The Great Global Transformation: National Market Liberalism in a Multipolar World by @BrankoMilan November 11, 2025 @AllenLaneBooks @penguinrandomhouse.bsky.social
www.penguin.co.uk/books/460611...
The Great Global Transformation: National Market Liberalism in a Multipolar World by @BrankoMilan November 11, 2025 @AllenLaneBooks @penguinrandomhouse.bsky.social
www.penguin.co.uk/books/460611...
November 10, 2025 at 6:08 AM
A new (striking) #book #economics
The Great Global Transformation: National Market Liberalism in a Multipolar World by @BrankoMilan November 11, 2025 @AllenLaneBooks @penguinrandomhouse.bsky.social
www.penguin.co.uk/books/460611...
The Great Global Transformation: National Market Liberalism in a Multipolar World by @BrankoMilan November 11, 2025 @AllenLaneBooks @penguinrandomhouse.bsky.social
www.penguin.co.uk/books/460611...
November 10, 2025 at 6:05 AM
If o/n rates remain > IORB rate for a sustained period, #Fed will have to start buying assets again, restarting QE, just like it had to do back in 2019, when #repo rates spiked. #Fed will obviously not call it #QE, but it will by definition amount to #moneyprinting – says #NordeaMarkets
November 9, 2025 at 8:42 AM
If o/n rates remain > IORB rate for a sustained period, #Fed will have to start buying assets again, restarting QE, just like it had to do back in 2019, when #repo rates spiked. #Fed will obviously not call it #QE, but it will by definition amount to #moneyprinting – says #NordeaMarkets