Looks like the Yuan volatility is finally on the rise, are they taking a shot across the bow to the Fed to stop raising rates or blow up the corporate bond market? Seems like capital flows from China are reversing and the US is increasingly targeting the current account now as WW3 heats up. Any thoughts on that Russell?
A very fresh perspective, but i guess challenge is there are too many moving drivers here other than those discussed 1) Agri policies from other larger producers like Brazil 2) Climate Change 3) Rising income colliding with declining demographics.
notice houses to rent in the Hamptons now $1m month! the US is the problem with massive inflation and loads of government debt and massive deficits. The dollar and US bonds are probably the opportunities particularly bonds 5% soon maybe.
Older population, eats less, population expected to flatline or even decline from 2025. How do you quantify this trend on how it would impact food inflation?
Really interesting perspective. I don't think Western economies have enough room for Wage Inflation before demand destruction kicks in and I'm not sure Western Wage inflation saves demand destruction (a bit circular there). Going to have to rethink bonds now.
Looks like the Yuan volatility is finally on the rise, are they taking a shot across the bow to the Fed to stop raising rates or blow up the corporate bond market? Seems like capital flows from China are reversing and the US is increasingly targeting the current account now as WW3 heats up. Any thoughts on that Russell?
Thanks,
Tyler
A very fresh perspective, but i guess challenge is there are too many moving drivers here other than those discussed 1) Agri policies from other larger producers like Brazil 2) Climate Change 3) Rising income colliding with declining demographics.
curious what your thoughts are after China fixed the FX rate today?
notice houses to rent in the Hamptons now $1m month! the US is the problem with massive inflation and loads of government debt and massive deficits. The dollar and US bonds are probably the opportunities particularly bonds 5% soon maybe.
seems like owning commodities, consumer staple and Ag stocks would be another beneficiary?
🙌🙌🙌
What about demographics on this one?
https://www.scmp.com/economy/china-economy/article/3163841/chinas-population-nears-normalised-phase-decline-experts
Older population, eats less, population expected to flatline or even decline from 2025. How do you quantify this trend on how it would impact food inflation?
Really interesting perspective. I don't think Western economies have enough room for Wage Inflation before demand destruction kicks in and I'm not sure Western Wage inflation saves demand destruction (a bit circular there). Going to have to rethink bonds now.