Yowza. Looks like Japan's intervention was larger than I thought it was.

Am guessing ¥5.5-6.0trln based on the Forecast BOJ Current Account Changes 'Financial Factors' change for May 1.

That's $35-38bn.

I am giving you a cheat code here.

If you think USDJPY bullishness is done you aren’t paying attention. Aggress.

Not suggesting we shouldn't worry about current fiscal extravagance but US Federal interest outlay now is lower than most of the late 80s and early 90s as % of GDP

If the effect of the escalation with Iran is to move the US from tacit-but-ineffective opposition to a Rafah invasion to tacit-but-ineffective support, it was a resounding success for the Israeli govt and a disaster for Iran & for the Palestinian people.

Yes the industrial food system is unsustainable, cruel, alienating and ruinous to health but it is almost worth it for the existence of pre made puff pastry.

I fought the law and I WON! After being subjected to a humiliating ordeal in court by my rapist’s defence lawyer, I started the arduous process of submitting a complaint. I had to study the law, compile it all myself, facing off against a team of lawyers… and it’s been upheld!

The increased # of likes and the absence of but-shelter replies to this tweet vs. last month's identical tweet tells me that higher-for-longer is now very much baked into market expectations. 🤔

UK institutions are crumbling. Potential gdp growth of -1% max. At 0 growth we are above potential.

Gabriel I like it, but it's my heritage. It's what a piece of dried horse meat is to a steppe nomad, I don't expect the world to understand.

Only in England could you find this sign up at a live music venue, a beautiful intersection of our love for politeness and tinnies

Half of u chaps will get more alpher from seeing a therapist and doing some prass ups every morning than reading X book or Y book on Kalman filters & modern portfolio theory

We have built enough homes when two teachers can afford this perfectly ordinary suburban house. By my reckoning that’s about 7m homes needed - but maybe roles going to take more! Let’s just build 5m in the next parliament and see where we are.

Claus Vistesen hahaha of course...and there will still be at least one deflating the SPX by the Fed balance sheet too 😂🤦‍♂️

h/t Marc Owen Jones, Mostafa, & Chris Osieck for geolocation & graph

Haaretz reports here how the IDF bombed the 3 vehicles methodically, each after it returned to rescue survivors from the previous vehicle.

All cars were clearly marked & in a safe zone
haaretz.co.il/news/politics/…

I can't blame the market here, the way the narrative around pce was spun with Powells appearance framed as a reaction to the data. And fundamentally I think they have little reason to cut. But don't think anything he said changes anything.

Fascinated to see how the anti vax community spin this. Pro social scientific efforts just don't fit into their worldview.

UK potential gdp growth is no higher than -1%