Kit
@kitjuckes.bsky.social
A fool on a moor… born in Kitale, brought up in Les Alluets, studied economics at UCL and fell in love. 40 years later I’m still trying to figure out how it all works.
We live in very strange times, in many different ways…
March 4, 2025 at 6:27 PM
We live in very strange times, in many different ways…
A ‘bad’ 0.1% rise in GDP is better than a 0.1% fall but the only way this helps in the medium term is if it’s indication that Christmas came to the UK late, rather than not at all. Making a note to pay attention to Jan retail sales, 7am, next Friday.
February 13, 2025 at 9:16 AM
A ‘bad’ 0.1% rise in GDP is better than a 0.1% fall but the only way this helps in the medium term is if it’s indication that Christmas came to the UK late, rather than not at all. Making a note to pay attention to Jan retail sales, 7am, next Friday.
Our lessons in the art of the deal continue, but for the first time ever the UK’s dire balance of payments have allowed me to sell sterling at an improved rate. Small mercies but still…
February 4, 2025 at 9:21 AM
Our lessons in the art of the deal continue, but for the first time ever the UK’s dire balance of payments have allowed me to sell sterling at an improved rate. Small mercies but still…
Reposted by Kit
Happy National Hedgehog Day! Here’s a list of meanings of words for a hedgehog in eight languages...
Shrinking pig (Afrikaans)
Furry pig (Hungarian)
Thorned animal (Punjabi)
Cow sucker (Luxembourgish)
Adder eater (Polish)
Ouch mouse (Bahasa Adama)
Needle rat (Japanese)
Horrible little thing (Irish)
Shrinking pig (Afrikaans)
Furry pig (Hungarian)
Thorned animal (Punjabi)
Cow sucker (Luxembourgish)
Adder eater (Polish)
Ouch mouse (Bahasa Adama)
Needle rat (Japanese)
Horrible little thing (Irish)
February 2, 2025 at 10:17 AM
Happy National Hedgehog Day! Here’s a list of meanings of words for a hedgehog in eight languages...
Shrinking pig (Afrikaans)
Furry pig (Hungarian)
Thorned animal (Punjabi)
Cow sucker (Luxembourgish)
Adder eater (Polish)
Ouch mouse (Bahasa Adama)
Needle rat (Japanese)
Horrible little thing (Irish)
Shrinking pig (Afrikaans)
Furry pig (Hungarian)
Thorned animal (Punjabi)
Cow sucker (Luxembourgish)
Adder eater (Polish)
Ouch mouse (Bahasa Adama)
Needle rat (Japanese)
Horrible little thing (Irish)
Can someone get Brad ‘“If Donald Trump doesn’t slow down, he may succeed at triggering a recession” Setser on here, please?
February 2, 2025 at 10:54 AM
Can someone get Brad ‘“If Donald Trump doesn’t slow down, he may succeed at triggering a recession” Setser on here, please?
Duncan’s and the dollar debate. Economic exceptionalism took it to the moon, tariff terror took it to heights last seen nearly 40 years ago, until Reagan/Baker intervened. The difference this year may be that while it will fall back eventually, it won’t fall very far until/unless share prices do.
January 19, 2025 at 7:25 AM
Duncan’s and the dollar debate. Economic exceptionalism took it to the moon, tariff terror took it to heights last seen nearly 40 years ago, until Reagan/Baker intervened. The difference this year may be that while it will fall back eventually, it won’t fall very far until/unless share prices do.
UK ‘stagflation’ bingo lasted less than a minute, as it appeared in the first newswire comment after this morning’s awful retail sales data (down 0.6% in Dec ex fuel) with food and online the weakest bits. Rate cuts are coming and some journo will write a “Rachel ruined Christmas” piece, no doubt.
January 17, 2025 at 7:53 AM
UK ‘stagflation’ bingo lasted less than a minute, as it appeared in the first newswire comment after this morning’s awful retail sales data (down 0.6% in Dec ex fuel) with food and online the weakest bits. Rate cuts are coming and some journo will write a “Rachel ruined Christmas” piece, no doubt.
‘It's a jam-packed day in markets, with earnings season kicking off in earnest and the consumer-price index due. Will either event be able to kick stocks out of their latest slump?’ journo email this morning. SPX has trebled in the last decade but a 4% fall from the peak qualifies as a ‘slump’.
January 15, 2025 at 1:19 PM
‘It's a jam-packed day in markets, with earnings season kicking off in earnest and the consumer-price index due. Will either event be able to kick stocks out of their latest slump?’ journo email this morning. SPX has trebled in the last decade but a 4% fall from the peak qualifies as a ‘slump’.
UK inflation edged down to 2.5%, core to 3.2%. Gilt relief, pound a little firmer, even if softness in alcohol, tobacco, clothing, restaurants and hotels points to a low-key, not-so-joyous Christmas mood.
January 15, 2025 at 8:04 AM
UK inflation edged down to 2.5%, core to 3.2%. Gilt relief, pound a little firmer, even if softness in alcohol, tobacco, clothing, restaurants and hotels points to a low-key, not-so-joyous Christmas mood.
“When bond markets get sticky, it is unhelpful to be the ugliest horse in the glue factory” wrote someone… trouble is, bonds might get stickier. Next stop, US CPI on Wednesday. Hibernation appeals more and more.
January 11, 2025 at 10:58 AM
“When bond markets get sticky, it is unhelpful to be the ugliest horse in the glue factory” wrote someone… trouble is, bonds might get stickier. Next stop, US CPI on Wednesday. Hibernation appeals more and more.
So who is Donald Trump’s James Baker (without whom the dollar is going to go on overshooting until we’re way past silly)? This from the NYT
January 2, 2025 at 8:25 PM
So who is Donald Trump’s James Baker (without whom the dollar is going to go on overshooting until we’re way past silly)? This from the NYT
Jimmy Carter signing the Humphrey Hawkins act into law in 1978….
December 30, 2024 at 3:53 PM
Jimmy Carter signing the Humphrey Hawkins act into law in 1978….
The Canadian dollar has been plunging! Full Stop
The Canadian dollar has been plunging against Tether
December 18, 2024 at 10:25 PM
The Canadian dollar has been plunging! Full Stop
No-one pays attention to US PMI data; they’re only publishing them to show off, at this stage.
December 16, 2024 at 2:48 PM
No-one pays attention to US PMI data; they’re only publishing them to show off, at this stage.
A new take on the merits of the four day working week. Henry Ford was widely criticised for introducing a 5-day back in the day, but it boosted productivity…
Japan's capital will allow its government employees to completely free up one day of their choice each week, starting in April 2025. www.ft.com/content/7cc7...
December 13, 2024 at 8:27 AM
A new take on the merits of the four day working week. Henry Ford was widely criticised for introducing a 5-day back in the day, but it boosted productivity…
Reposted by Kit
UK economy unexpectedly contracts 0.1% in October
https://www.ft.com/content/b1177705-1be7-45e1-877c-d1d9934396b2
https://www.ft.com/content/b1177705-1be7-45e1-877c-d1d9934396b2
UK economy unexpectedly contracts 0.1% in October
Monthly figure marks blow to Labour government’s economic agenda
www.ft.com
December 13, 2024 at 7:19 AM
UK economy unexpectedly contracts 0.1% in October
https://www.ft.com/content/b1177705-1be7-45e1-877c-d1d9934396b2
https://www.ft.com/content/b1177705-1be7-45e1-877c-d1d9934396b2
@robarmstrong.bsky.social Unhedged piece this morning (US bubble, China Japanification) is fab.
December 3, 2024 at 8:00 AM
@robarmstrong.bsky.social Unhedged piece this morning (US bubble, China Japanification) is fab.
A primer in Trump’s geo-political playbook - get their attention, talk, declare victory - and a nightmare for currency traders in search of a quiet life! He talked the dollar up to the top of the hill, then….
The call between Donald Trump and Mexico’s President Claudia Sheinbaum was the first since the US president-elect said on Monday he would put a 25% tariff on all imports from Mexico. www.ft.com/content/d6cb...
November 28, 2024 at 10:40 AM
A primer in Trump’s geo-political playbook - get their attention, talk, declare victory - and a nightmare for currency traders in search of a quiet life! He talked the dollar up to the top of the hill, then….
The Bessent rally, or month-end and time to pause? Equities up, yields down, dollar down as DT
Opts for a grownup at Treasury. Probably as much positioning & month-end as reaction to the Treasury Sec nominee, but it makes markets less correlated and more interesting for the rest of 2024
Opts for a grownup at Treasury. Probably as much positioning & month-end as reaction to the Treasury Sec nominee, but it makes markets less correlated and more interesting for the rest of 2024
November 25, 2024 at 8:37 PM
The Bessent rally, or month-end and time to pause? Equities up, yields down, dollar down as DT
Opts for a grownup at Treasury. Probably as much positioning & month-end as reaction to the Treasury Sec nominee, but it makes markets less correlated and more interesting for the rest of 2024
Opts for a grownup at Treasury. Probably as much positioning & month-end as reaction to the Treasury Sec nominee, but it makes markets less correlated and more interesting for the rest of 2024
Today’s goes down as a Monday-ish Monday. Dollar ran out of enthusiasm as yields fell, allowing equities to limp into positive territory. Stage 1 of the election rally over? There will be no big turn however, until European policymakers dream up ways of investing European excess savings at home.
November 18, 2024 at 8:15 PM
Today’s goes down as a Monday-ish Monday. Dollar ran out of enthusiasm as yields fell, allowing equities to limp into positive territory. Stage 1 of the election rally over? There will be no big turn however, until European policymakers dream up ways of investing European excess savings at home.
Reposted by Kit
over at the Starling Trust, some belated thoughts of mine on Credit Suisse, ahead of reading. Duncan Mavin's book
Weekend Reading: What’s an Old Cowboy to Do?
www.linkedin.com/pulse/weeken...
Weekend Reading: What’s an Old Cowboy to Do?
www.linkedin.com/pulse/weeken...
Weekend Reading: What’s an Old Cowboy to Do?
By: Dan Davies, Author of The Unaccountability Machine This piece first appeared in Starling Insights' newsletter on November 17, 2024. If you are interested in receiving our thrice-weekly newsletter,...
www.linkedin.com
November 17, 2024 at 4:24 PM
over at the Starling Trust, some belated thoughts of mine on Credit Suisse, ahead of reading. Duncan Mavin's book
Weekend Reading: What’s an Old Cowboy to Do?
www.linkedin.com/pulse/weeken...
Weekend Reading: What’s an Old Cowboy to Do?
www.linkedin.com/pulse/weeken...
Reposted by Kit
One of those charts where I knew the story but was still struck to see it visualised.
Chinese & German car exports, via Pictet Wealth Management.
Amazing how quickly the world has changed.
Chinese & German car exports, via Pictet Wealth Management.
Amazing how quickly the world has changed.
November 17, 2024 at 2:03 PM
One of those charts where I knew the story but was still struck to see it visualised.
Chinese & German car exports, via Pictet Wealth Management.
Amazing how quickly the world has changed.
Chinese & German car exports, via Pictet Wealth Management.
Amazing how quickly the world has changed.
It’s obviously been raining less here than in Spain. Link to @katie0martin.bsky.social ‘s piece on Europe’s woes. The market (as opposed to policy/govt/leadership/OFFS do something) question is at what point markets have overpriced US exceptionalism so much too much that I can buy the useless euro?
November 17, 2024 at 12:21 PM
It’s obviously been raining less here than in Spain. Link to @katie0martin.bsky.social ‘s piece on Europe’s woes. The market (as opposed to policy/govt/leadership/OFFS do something) question is at what point markets have overpriced US exceptionalism so much too much that I can buy the useless euro?
This is, btw, a very entertaining game of rugby
November 16, 2024 at 6:51 PM
This is, btw, a very entertaining game of rugby
I read an article over breakfast discussing the 12-3-30 workout, another fad I missed. 12% gradient on a treadmill at 3mph for 30 minutes, burns 300 calories. No treadmill in Devon but a lane promising 20% so I wandered up Pupers Hill. Garmin says 3 miles, 1 hour, 7.5% gradient, 360 calories.
November 16, 2024 at 4:30 PM
I read an article over breakfast discussing the 12-3-30 workout, another fad I missed. 12% gradient on a treadmill at 3mph for 30 minutes, burns 300 calories. No treadmill in Devon but a lane promising 20% so I wandered up Pupers Hill. Garmin says 3 miles, 1 hour, 7.5% gradient, 360 calories.