Auf Wiedersehen – pet (Brexit)

Amongst all the carnage of Brexit, something to lighten the mood. Rowan Atkinson singing the European Anthem.

Like the real thing, it starts off well (once in the right key), but then descends into chaos.

October US payrolls – a recession for many

United States can “certainly” afford to support wars on two fronts – Yellen

More misdirection from US jobs data

Rising US federal debt and maturites pose uncomfortable truths for ‘no/soft’ landing assumptions

June US employment running warm, rather than hot – albeit a bit of a red herring for US Fed rates

Equity’s siren call into early stagflation

Treasury yields after debt ceiling ‘can-kicking’

1 month T-Bill yield spreads expand by >160 bps in April – Signs of growing stress!