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Greed fed by fear and the Fed

It’s been a pretty good ‘pandemic’ for markets, although one doesn’t have to look too far to see what’s been feeding it. What next, the Fed variant?

Liquidity drives prices

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

When governments panic

Q1 GDP – too good?

Currency tail wagging investment dogs

“Normal profits are becoming normal for airlines” – be afraid!

M&S – for once without the flannel

Weaning consumers off the debt fix – maybe