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Has the global economy turned the corner? Or is everyone expecting MORE stimulus from Central Banks?
(Bloomberg) U.S. stocks erased a decline, while commodities rallied on speculation China stimulus will boost demand for resources from iron ore to copper. Brent crude topped $40 a barrel for the first time since December.
We do see increases in the Baltic Dry (Shipping) Index, WTI Crude Oil Prices, and a BIG jump in iron ore delivered to China. Yet the 10Y-2Y US Treasury Yield remains hovering around 100.
Well, if the Eurozone is expecting an economic revival, their 2 year sovereign yields are showing it. Only Denmark and the Czech Republic saw their 2 year sovereign yields rise today; all others fell.
Turned the corner or just more stimulus? Or both? Suffice it to say that more Central Bank distortions are on the way.
I will support the Parisian economy in an effort to decrease their unemployment rate since stimulus from the ECB doesn’t seem to be working.
By going to this place tonight.
Not really. But I will eat dinner that couldn’t fill up Reese Witherspoon.
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