Le Patron
@lepatron.bsky.social
The likelihood of a December rate cut is increasingly low, and the lack of data is certainly not helping the fed. IMO the October cut came too early given that unemployment is still in the low 4% range, while core inflation is not showing any signs of abating.
November 20, 2025 at 7:06 PM
The likelihood of a December rate cut is increasingly low, and the lack of data is certainly not helping the fed. IMO the October cut came too early given that unemployment is still in the low 4% range, while core inflation is not showing any signs of abating.
Cars are both an important source of employment, and computers on wheels filled with connected electronics that could pose a security problem if data was exported to the wrong country
August 25, 2025 at 3:10 PM
Cars are both an important source of employment, and computers on wheels filled with connected electronics that could pose a security problem if data was exported to the wrong country
Consumer credit card debt has been climbing quickly
August 2, 2025 at 2:44 PM
Consumer credit card debt has been climbing quickly
The Pentagon is making a $400mn direct investment in a US rare earths producer, in an unusual arrangement highlighting the Trump administration’s determination to break Chinese dominance of critical minerals and bolster domestic supply chains.
July 15, 2025 at 4:51 PM
The Pentagon is making a $400mn direct investment in a US rare earths producer, in an unusual arrangement highlighting the Trump administration’s determination to break Chinese dominance of critical minerals and bolster domestic supply chains.
Gold has overtaken the Euro as the second largest reserve asset
June 15, 2025 at 7:01 PM
Gold has overtaken the Euro as the second largest reserve asset
In 2025 the US is commanding a share of global gdp that does not justify the dollar status as the sole reserve currency.
March 22, 2025 at 9:33 AM
In 2025 the US is commanding a share of global gdp that does not justify the dollar status as the sole reserve currency.
The US stock market as a percentage of global stock markets has reached a multi-decade high of 64%.
March 3, 2025 at 1:45 PM
The US stock market as a percentage of global stock markets has reached a multi-decade high of 64%.
It’s always the same endless cycle. Tighten the regulations after a crisis. Once the bad times are far behind and forgotten, loosen the regulations.
March 1, 2025 at 8:03 AM
It’s always the same endless cycle. Tighten the regulations after a crisis. Once the bad times are far behind and forgotten, loosen the regulations.
Gold is getting higher and higher.
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
February 14, 2025 at 10:56 AM
Gold is getting higher and higher.
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
Gold is getting higher and higher.
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
February 14, 2025 at 10:55 AM
Gold is getting higher and higher.
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
The Trump administration changes its own policies faster that you say ‘tariffs’.
How can you hold talks with people who have been shown to negotiate in bad faith again and again?
How can you hold talks with people who have been shown to negotiate in bad faith again and again?
February 9, 2025 at 6:17 AM
The Trump administration changes its own policies faster that you say ‘tariffs’.
How can you hold talks with people who have been shown to negotiate in bad faith again and again?
How can you hold talks with people who have been shown to negotiate in bad faith again and again?
Tesla sales plunge in Europe. The brand is increasingly controversial, and it is facing more and more competition in the EV space.
February 8, 2025 at 3:41 PM
Tesla sales plunge in Europe. The brand is increasingly controversial, and it is facing more and more competition in the EV space.
Countries with the most assets in public pension funds
February 5, 2025 at 8:42 AM
Countries with the most assets in public pension funds
The magnificent 7's share of the S&P 500 visualized
January 29, 2025 at 11:28 AM
The magnificent 7's share of the S&P 500 visualized
It probably explains this
January 25, 2025 at 11:02 AM
It probably explains this
US equities have soared to their most expensive level relative to government bonds in a generation (FT)
January 24, 2025 at 7:54 AM
US equities have soared to their most expensive level relative to government bonds in a generation (FT)
Arable land (millions of hectares)
United States 389.8M
India 381.6M
Russia 300.6M
China 269M
Brazil 143.9M
Argentina 104.3M
Canada 94.5M
Nigeria 91.1M
Ukraine 81.4M
Australia 77.3M
Source: worldpopulationreview.com/country-rank...
United States 389.8M
India 381.6M
Russia 300.6M
China 269M
Brazil 143.9M
Argentina 104.3M
Canada 94.5M
Nigeria 91.1M
Ukraine 81.4M
Australia 77.3M
Source: worldpopulationreview.com/country-rank...
January 22, 2025 at 5:23 AM
Arable land (millions of hectares)
United States 389.8M
India 381.6M
Russia 300.6M
China 269M
Brazil 143.9M
Argentina 104.3M
Canada 94.5M
Nigeria 91.1M
Ukraine 81.4M
Australia 77.3M
Source: worldpopulationreview.com/country-rank...
United States 389.8M
India 381.6M
Russia 300.6M
China 269M
Brazil 143.9M
Argentina 104.3M
Canada 94.5M
Nigeria 91.1M
Ukraine 81.4M
Australia 77.3M
Source: worldpopulationreview.com/country-rank...
I thought I was upper middle class, but I am just Monaco blue collar.
January 10, 2025 at 4:23 PM
I thought I was upper middle class, but I am just Monaco blue collar.
Gilt yields are rising AND the pound is falling. Those things (typically) do not happen together. The bond market is signalling to the British government that something is rotten in the state of Denmark.
January 10, 2025 at 8:35 AM
Gilt yields are rising AND the pound is falling. Those things (typically) do not happen together. The bond market is signalling to the British government that something is rotten in the state of Denmark.
If I wanted to make Nassim Taleb laugh I’d say that the market is pricing a black swan.
January 7, 2025 at 10:17 PM
If I wanted to make Nassim Taleb laugh I’d say that the market is pricing a black swan.
The whiskey market remained bearish during november, a critical month when it comes to auctions.
source:whiskystats.com
source:whiskystats.com
January 2, 2025 at 1:31 PM
The whiskey market remained bearish during november, a critical month when it comes to auctions.
source:whiskystats.com
source:whiskystats.com
Tea consumption per capita. Surprisingly the Brits are a distant third.
If you look at sub-national entities, East Frisia is the winner with 3.4 kg.
If you look at sub-national entities, East Frisia is the winner with 3.4 kg.
December 29, 2024 at 4:25 PM
Tea consumption per capita. Surprisingly the Brits are a distant third.
If you look at sub-national entities, East Frisia is the winner with 3.4 kg.
If you look at sub-national entities, East Frisia is the winner with 3.4 kg.
The federal reserve has reduced its balance sheet by a record 10%, albeit from a very high level
December 29, 2024 at 8:42 AM
The federal reserve has reduced its balance sheet by a record 10%, albeit from a very high level
US house sales are at a 15-year low. High long-term rates, rather than a looming recession or a real estate crisis, are creating an affordability crisis and suppressing volume.
December 28, 2024 at 1:14 PM
US house sales are at a 15-year low. High long-term rates, rather than a looming recession or a real estate crisis, are creating an affordability crisis and suppressing volume.