The day before yesterday, Russia announced that it would fulfill its production cut obligations as part of OPEC+. The oil-producing countries are collectively trying to put a damper on the United States: If you want to raise interest rates and bring down other countries, then we will cut production and prevent you from lowering your blood pressure. Let's see who can outlast the other.
Federal Reserve member Mester said: If inflation stagnates, there may be no interest rate cut this year.
Richmond Fed President Barkin said he supports a cautious approach to rate cuts and that rate cuts should not be made immediately unless inflation is clearly falling.
The number of initial unemployment claims in the United States last week was 221,000, which was expected to be 214,000. This should have been a dovish signal. The U.S. stock market rose sharply after opening last night, which was considered a positive feedback. However, unexpectedly, crude oil jumped out and caused a big plunge in the late trading.
High blood pressure problem: Inflation suppresses the expectation of interest rate cuts, and the US stock and bond markets are both falling. If the current interest rate is maintained until the end of 24 years, the annual interest on the Treasury bonds will be 1.6 trillion US dollars. This is really a death sentence! What will you use to pay it back?
If the interest cannot be paid, the company can only borrow new money to repay old debts, which will continue to push up the debt ceiling, which is equivalent to expanding the balance sheet in disguise and further stimulating inflation, thus falling into a vicious cycle.
Coconut milk came here twice in a year, definitely not to eat Cantonese food and see the green hands. This time, the three new exports were used as bargaining chips to ask low blood sugar to provide some US dollar liquidity, which means buying US Treasury bonds and not letting the Federal Reserve print money all the time. Everyone has to pay a little.
In the battle between high blood pressure and low blood sugar, high blood pressure is currently more of a headache and is at a slight disadvantage.
By the way, one more thing: the chef himself started to reduce his holdings of Apple stock, selling 196,400 shares this week, equivalent to US$33 million.
Buffett withdrew first, then quit car manufacturing, and then ran to China to look for straw, and then ran away. This set of five lightning whips was performed smoothly and skillfully. It can be seen that the chef has put a lot of effort in it and has abundant internal strength.
To be honest, the current situation has never happened before. Sugar, rubber, cocoa beans, and gold, which are related to the S3 season, have all soared to the sky. At least it shows that major countries in the world are making preparations. Let's just stay calm.
