Submitted by Flemming Rose and Jacob Mchangama via The Washington Post,
Remember George Orwell’s Ministry of Truth? In his dystopian novel “1984,” its purpose was to dictate and protect the government’s version of reality. During the Cold War, Orwell’s book was banned behind the Iron Curtain, because readers perceived the novel as an allegory for their own repressive regimes.
With the December monthly TIC data due out this week, bond traders will be closely watching if the selling of US Treasuries by foreign accounts, and especially central banks, which as we have repeatedly shown for the past several months has hit record levels...
... will persist, with a focus on whether China's near record selling of US paper will persist.
However, this time the surprise may not be China, but its nemesis across the East China Sea, Japan.
Bloomberg is out with a fictional piece this evening -- asserting that creditors are selling treasuries because of Trump.
(adjusts microphone)
WRONG!
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“And some things that should not have been forgotten, were lost” - The Lord of the Rings
The latest weekly recap from One River Asset Management CIO Eric Peters tries to bring some sense to an increasingly absurd global economic, social and political situation, and fails, finding that the "more than absured is no longer absurd."
From Eric Peters' Weekly Notes
“More than absurd!” cried Jens Weidmann, outraged by Pete Navarro. Trump’s trade advisor had deliberately talked-down the dollar to boost US exports by accusing Germany of deliberately weakening the euro to boost European exports.