Christoph Lahrs

"Where were you" they will be asking us "when this was happening? What did you do to stop it?"

Children writhing in pain. The cries of babies silenced. @JDiamond1 reports on horrifying scenes in Rafah after an Israeli strike hit a camp for displaced people. Dozens are dead. Prime Minister Netanyahu called it a "tragic mistake," and says it will be investigated.

@ShaykhSulaiman #Palestinians deserve a #Palestinian State and live as free people in “their” land!

Wow, I've never seen a top-level US politician being lectured like this. I don't know how I missed it because it dates from 2019. It is an exchange between Dick Cheney and former Chinese Foreign Minister Li Zhaoxing. It happened at the Arab Strategy Forum in Dubai (full video here: youtube.com/watch?v=qoYNno…) Li Zhaoxing literally tells Dick Cheney he "hopes all American politicians will realize the serious and the stupid mistake they already have committed" and how it "only damages the image of America in front of the world's people." Rings even truer today...

COT Bias sheet along with video explaining how to read the data. youtube.com/watch?v=VhqU6q… Here is the link to the image. dropbox.com/scl/fi/08q255t…

Spain CPI rises to 3.2% annualized, fastest increase in monthly CPI since June 23. The ECB is going to cut rates with an accumulated inflation of 18.4% since 2019 and rising monthly CPI.

🇺🇸The Treasury sells $66b 5y notes today, the highest for this tenor on record‼️ Demand may be strong because: -At 4.25%, it would be the 4th highest auct yield since 2007 - This tenor offers an optimal risk-reward: yields need to rise above 5.5% within one year to enter the red

The U.S. Federal Reserve is making a big mistake by cheering the headline economic figures that come from disguising a private-sector recession with a massive increase in public debt and weakening employment figures embellished by temporary jobs and public sector hiring. theepochtimes.com/business/easin…

🇺🇸Markets don’t embrace completely the Fed dovish tilt: investors demand a higher yield at the 2y UST auction, resulting in a 0.5bp tail, pricing with a HY of 4.595% 💪🏻Yet, bidding metrics are strong: -BTC 2.62 roughly the past six auct avg -Dealers took 13.4% lowest since June

@CatherineMMunro This is so wonderful to see .... I used to scavange the beaches in Greece for little things

Sea treasure part 4 #Shetland

🇺🇸PPI today is confirming what the CPI said on Tuesday: inflation is sticky. PPI 1.6% yoy, exp 1.2% PPI Core 2% yoy, exp 1.9% oh... jobless and continuing claims are pointing to a strong job market. The DOT plot next week is key🗝️

🆘Operation twist needed Sticky inflation may require the Fed to normalise the yield curve though a “reverse operation twist” which implies: 1️⃣taper QT to runoff only coupon UST 2️⃣buying Tbills when redemptions are above the QT cap That’s bearish for LT bonds 🧸 Be cautious❗️

🇪🇺ECB forecasts are bullish for EU bonds across tenors because they show: 1⃣Inflation is not a problem: CPI is exp. at target in '25 and close enough to target this year 2⃣Stagnation is intensifying Thus, the ECB must engage in aggressive cuts soon to rescue the economy

Productivity has risen much faster in the US than in the Eurozone.

Floyd Upperman, one of the important figures around COT has passed recently....

Just saw that Floyd Upperman has left us recently.. spencefuneralhome.com/tributes/Floyd…

🇺🇸Hotter-than-expected CPI doesn't bode well with an aggressive rate-cutting cycle. - Headline 3.1% vs 2.9% exp. - Core 3.9% vs. 3.7% exp. ⚠️10y yields bounce to test weak resistance at 4.28%. If they close above 4.2%, they will likely continue their rise to 4.4%.

People easily lose sight of the simple fact that democracy with lobby groups is no longer democracy.

The Houthis have a telegram channel, and they published a map and pictures of internet cables that run along the seabed of the Red Sea and threatened to cut them. Estimates are that 17% of global internet traffic moves along these fiber-optic cables. theguardian.com/world/2024/feb… @johnkonrad @mercoglianos