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It’s one thing for gold bugs to be concerned about fiscal sustainability.

But when the price of $gold reaches at an all time high the eerie feeling is in the air that the market is catching up to what used to be a fringe view.

50% odds of a 50bps rate cut with only a week to go. That's refreshing as date specific forward guidance was never a good idea; the market properly reflects the uncertainty whether 25bps or 50bps will happen. @WSJ's @NickTimiraos elaborates:
wsj.com/economy/centra…

$gold at an all time high is a “bounce” 🤔

At last, a debate analysis focused on the (little) substance there was. Thanks for writing @Ayaan 👇 x.com/ayaan/status/1…

Q: will ecb facilitate draghi report?

(The report suggests 5% of EU GDP should be spent on projects)

Lagarde: talks about inflation coming down in first half of 2025, then to will definitely decline
On Draghi: there are so many important structural reforms to give more… x.com/i/web/status/1…

Lagarde: Because [core inflation] has been more resilient, we have to be more persistent. Or is the other way around?

Lagarde: “inflation WILL decline towards our 2% target in 2025”