Trump just advocated changing post-1971 structure of USD reserve status – did you catch it?      -Title of the 1/28/25 edition of FFTT Maybe I’m in the black, maybe on I’m on my knees, maybe I’m in the gap between the two trapezes…      -Coldplay, “Every Teardrop is a Waterfall”, 2011 My advice to every country right now is: Do not retaliate. Sit back, take it in, let’s see how it goes. Because if you retaliate, there

…what’s happened in the Ukraine/Russia war has massively accelerated warfare in a way that I think it’s the greatest advancement or it’s the greatest swing in the pendulum, really, since Genghis Khan put stirrups on horses. Now, if you go back that far, I think that was 1218 or so, he set off literally the Mongol Empire when he was done, went from the Pacific to Hungary, and he mauled and terrorized his way through

The Federal Reserve said on Wednesday that starting next month it will slow the pace of its balance sheet drawdown amid an ongoing impasse over lifting the government’s borrowing limit, a shift that will likely hold for the remainder of the process.      -Reuters, 3/19/25 Ahead of the Fed meeting, a number of banks had expected some sort of change in QT given the guidance of the minutes. But most who saw a shift also expected