Podcasts about us treasuries

In this episode of the Schiff Gold Friday Market Wrap, Peter Schiff reviews a week of significant volatility in the precious metals markets. Key highlights include the FOMC meeting, quadruple witching day, and impressive gains in gold and silver. Gold rose by 1.1%, closing near $3,685, while silver surged 2.8% in a single day, ending the week 1.8% higher. Gold and silver mining stocks outperformed, with the GDX and GDXJ indices achieving remarkable gains. Schiff discusses the impact of the Federal Reserve's rate cuts on gold and other markets, emphasizing the bullish outlook for precious metals. He also covers notable financial developments, such as Morgan Stanley's updated 60/40 portfolio to include gold, signaling a potential shift away from US Treasuries. Schiff encourages viewers to invest in gold and silver now, ahead of further market movements, and highlights the long-term bullish prospects for precious metals and mining stocks. Subscribe for more insights and recommendations.

There's a tug-of-war between investing in cash and long duration bonds in today's interest environment. The longer-end of the yield curve may look more appealing since anticipation is building about interest rate cuts. Morningstar's economics team and market watchers are predicting the Federal Reserve will lower rates more than once in the final months of 2025. What may matter more is the time horizon for your financial goals. Morningstar Inc Portfolio Strategist Amy Arnott has examined why for some investors, sticking with cash is a less risky and better approach.Oracle's transformation is serving as a reminder that big opportunities to invest in artificial intelligence still exist. The database provider's expansion into being a cloud provider recently sparked a 42% jump in its stock price. That caught the attention of Dan Kemp, chief research and investment officer at Morningstar Investment Management Europe. The author of the Markets Brief says one of the big takeaways is that stocks like Oracle are making good use of AI, and investors should look beyond the popular names. In next week's Markets Brief, Dan will dive into how the Federal Reserve's quarter-point rate cut feeds into changed opportunities and risks in the broader markets for the long term. On this episode:Let's start with an explainer. What is cash? Interest rates are a popular topic now. The Federal Reserve is expected to announce its rate decision this afternoon. Morningstar's economics team and market watchers are predicting lower rates. Should bond investors swap short-term Treasury bills for 20- to 30-year Treasury bonds? Talk about why it could be a mistake for bond investors to assume the Fed will cut rates that match predictions.In your article, Why Cash Is Still King for Short-Term Goals, you discussed a couple of reasons why cash yields still look good. Can you explain?What are some of the trade-offs when holding cash? Where are best places to invest cash if you need the money sometime within the next 12 months? Are there any places where people might not want to keep their cash holdings?And what about goals with a time horizon that's a little bit longer—like two or three years? What's the takeaway for investors weighing whether to take on the risk of long-duration bonds?  Read about topics from this episode.  Why Cash Is Still King for Short-Term Goals7 Reasons to Stop Freaking Out Over the FedHow to Use Taxable Bonds in a PortfolioThe Best Bond FundsHow to Use Cash in a PortfolioThe 4 Rules for Cash: How to Manage Your Money the Smart WayMarkets Brief: Can a Bumper Fed Rate Cut Give Stocks Another Boost? What to watch from Morningstar. What You Need to Know Before Choosing a Stock ETFInvesting in AI? Here Are 6 Undervalued Stocks for Buy-and-Hold InvestorsDo Dividend Stocks Benefit From Non-US Revenue?This Classic Investment Strategy Is Still Alive in 2025 Read what our team is writing.Amy C. ArnottDan KempIvanna Hampton Follow us on social media.Facebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comBefore we begin today's piece, let me flag this video I made based on my recent article about Triffin's Dilemma. 13 mins long and hopefully worth the effort. Might be the most important thing you watch this week.With all the narratives that come with a gold bull market - and also a bitcoin bull market - that we're heading to some kind of money reset, the dollar or the pound is going to collapse, we are going to end up on a gold or bitcoin standard and so on - you have an end goal. The bull market will continue until we reach that eventuality.However, I doubt very much we go back to a gold standard. Yes, gold's role as reserve asset increases, ditto bitcoin, but I don't see a return to the gold standards of the 19th or 20th century. Much more likely is a Hayekian world of competing currencies.The 20th century gold standards were bogus anyway - which is why they failed. There was no gold in circulation. Americans weren't allowed to own it. When Britain returned to a gold standard in 1925, the British government ensured there was little gold actually circulating. It minted zero gold coins, while the Bank of England hoarded what it already had. ( It's all in the book, if you're interested).The Secret History of Gold is available to at Amazon, Waterstones and all good bookshops. I hear the audiobook, read by me, is excellent. Amazon is currently offering 20% off.There was plenty of gold in circulation under the gold standards of the 19th century, but we are not going back to them because we barely use physical cash any more. We are not going to pay for physical things with gold or silver coins in the way we once did.It might be that China gives the yuan some gold backing, and makes its (digital) notes interchangeable with gold, but I find that unlikely. It might also be that gold backing is used to make US Treasuries more attractive, as economist Judy Shelton, former advisor to Donald Trump, has proposed.Again, though possible, I would give it a low probability.The gold bull markets of the 1970s and 2000s did not end with gold standards. I doubt this one will. A gold standard is a political ideal. Real life is a lot more mucky.Unlike gold, gold bull markets do not last forever, any more than tech or any other kind of bull markets do.And this bull market is getting hot. That's for sure. Gold is at $3,700/oz. While the mainstream press are not really covering it, there has been a definite change in tone online. Silver is starting to lead. Gold miners are starting to deliver.Towards the end of previous gold bull markets, I usually get invited on to the BBC to talk about gold. Massive name drop, I was actually fraternising with BBC Director General, Tim Davie, this week - enough to get a selfie at least - but I am currently so far from being invited on to the BBC, whether for my satirical songs or for my market commentary - even with a new book on gold just out - that I believe we are a way from that.(In another age, I would have been a fixture on BBC radio. I have got the voice. I have got the intellect. But obviously, wrong age, wrong sex, wrong colour and all of that. Wrong views too).Anyway, back to more important matters.Things got hot and spicy with gold in the spring, as we warned, not unlike now. But we didn't feel it was the top. We just needed to go sideways for a few months, which we have.With physical gold, especially if you live in a Third World country like the UK, there is a strong argument never to sell. Even during gold's bear market (2011-2020), gold was a brilliant hedge against woeful sterling.If you buying gold or silver to protect yourself in these “interesting times” - and I urge you to - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.You could just hold your gold and then pass it on to your heirs. Bitcoin's the same. But then again you might want the money for something else.In the 1970s gold went from $35/oz (an artificially low price due to US suppression) all the way to $850/oz.But that $850 mark was just as much an illusory price. Though it has been logged in people's minds for decades ever since, the reality is it reached that price during one spike on one afternoon. The Cold War was looking grim: the Soviet Union had just invaded Afghanistan a month before. The Iranian hostage crisis was making everyone panic (the hostages were released the day before the spike). It was the day after US President Ronald Reagan had been inaugurated. Nobody yet knew what a success he was going to be. There was an ongoing and severe crisis in the US bond markets, which had sent interest rates above 10%.In other words, there was a lot going on. And yet gold only hit $850 for an afternoon. Hardly anyone sold the top of that spike.The launch to $850 gold began in December 1979 with that Soviet invasion. Gold broke above $450. The day after the spike, gold collapsed like a stone. By March it was below $500.Gold then did something you commonly see at the end of bull markets. The Nasdaq did something similar in 2000. Silver did it in 2011. It rallied. That rally persuaded people the bull market was still on. It was a suckers' rally.But the retest did not even make it back to the old high. It was a lower high, in other words.Then the relentless declines kicked in. By 1982 - 18 months later - gold was at $300/oz. It then spent the next 20 years - 20 years! - trading between $300 and $400, before eventually hitting a low in 1999 at $250/oz, when Gordon Brown sold. Idiot.My point is that in 1980 it looked to some like a return to gold standards was coming. The US had only abandoned gold 9 years earlier - and, in President Nixon's words, temporarily. Gold was still normal in people's minds. But the gold standard never came and gold was a rotten investment for 20 years.2011, by the way, was not of 1980 standards but the price still shot from $1,500 to $1,920 in a couple of months with the Greek debt crisis. There followed another gruesome bear market which saw gold go all the way back to $1,050.There is so much anti-dollar sentiment out there now, it might be that everything turns on its head - as things are wont to do - and we get a dollar rally.I recognise that things are looking frothy. Anytime silver starts doing well, that is usually a warning sign.A lot of American commentators like to use the baseball analogy. I would suggest maybe we are in inning six of nine. Something like that, possibly.So when to sell?

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comBefore we begin today's piece, let me flag this video I made based on my recent article about Triffin's Dilemma. 13 mins long and hopefully worth the effort. Might be the most important thing you watch this week.With all the narratives that come with a gold bull market - and also a bitcoin bull market - that we're heading to some kind of money reset, the dollar or the pound is going to collapse, we are going to end up on a gold or bitcoin standard and so on - you have an end goal. The bull market will continue until we reach that eventuality.However, I doubt very much we go back to a gold standard. Yes, gold's role as reserve asset increases, ditto bitcoin, but I don't see a return to the gold standards of the 19th or 20th century. Much more likely is a Hayekian world of competing currencies.The 20th century gold standards were bogus anyway - which is why they failed. There was no gold in circulation. Americans weren't allowed to own it. When Britain returned to a gold standard in 1925, the British government ensured there was little gold actually circulating. It minted zero gold coins, while the Bank of England hoarded what it already had. ( It's all in the book, if you're interested).The Secret History of Gold is available to at Amazon, Waterstones and all good bookshops. I hear the audiobook, read by me, is excellent. Amazon is currently offering 20% off.There was plenty of gold in circulation under the gold standards of the 19th century, but we are not going back to them because we barely use physical cash any more. We are not going to pay for physical things with gold or silver coins in the way we once did.It might be that China gives the yuan some gold backing, and makes its (digital) notes interchangeable with gold, but I find that unlikely. It might also be that gold backing is used to make US Treasuries more attractive, as economist Judy Shelton, former advisor to Donald Trump, has proposed.Again, though possible, I would give it a low probability.The gold bull markets of the 1970s and 2000s did not end with gold standards. I doubt this one will. A gold standard is a political ideal. Real life is a lot more mucky.Unlike gold, gold bull markets do not last forever, any more than tech or any other kind of bull markets do.And this bull market is getting hot. That's for sure. Gold is at $3,700/oz. While the mainstream press are not really covering it, there has been a definite change in tone online. Silver is starting to lead. Gold miners are starting to deliver.Towards the end of previous gold bull markets, I usually get invited on to the BBC to talk about gold. Massive name drop, I was actually fraternising with BBC Director General, Tim Davie, this week - enough to get a selfie at least - but I am currently so far from being invited on to the BBC, whether for my satirical songs or for my market commentary - even with a new book on gold just out - that I believe we are a way from that.(In another age, I would have been a fixture on BBC radio. I have got the voice. I have got the intellect. But obviously, wrong age, wrong sex, wrong colour and all of that. Wrong views too).Anyway, back to more important matters.Things got hot and spicy with gold in the spring, as we warned, not unlike now. But we didn't feel it was the top. We just needed to go sideways for a few months, which we have.With physical gold, especially if you live in a Third World country like the UK, there is a strong argument never to sell. Even during gold's bear market (2011-2020), gold was a brilliant hedge against woeful sterling.If you buying gold or silver to protect yourself in these “interesting times” - and I urge you to - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.You could just hold your gold and then pass it on to your heirs. Bitcoin's the same. But then again you might want the money for something else.In the 1970s gold went from $35/oz (an artificially low price due to US suppression) all the way to $850/oz.But that $850 mark was just as much an illusory price. Though it has been logged in people's minds for decades ever since, the reality is it reached that price during one spike on one afternoon. The Cold War was looking grim: the Soviet Union had just invaded Afghanistan a month before. The Iranian hostage crisis was making everyone panic (the hostages were released the day before the spike). It was the day after US President Ronald Reagan had been inaugurated. Nobody yet knew what a success he was going to be. There was an ongoing and severe crisis in the US bond markets, which had sent interest rates above 10%.In other words, there was a lot going on. And yet gold only hit $850 for an afternoon. Hardly anyone sold the top of that spike.The launch to $850 gold began in December 1979 with that Soviet invasion. Gold broke above $450. The day after the spike, gold collapsed like a stone. By March it was below $500.Gold then did something you commonly see at the end of bull markets. The Nasdaq did something similar in 2000. Silver did it in 2011. It rallied. That rally persuaded people the bull market was still on. It was a suckers' rally.But the retest did not even make it back to the old high. It was a lower high, in other words.Then the relentless declines kicked in. By 1982 - 18 months later - gold was at $300/oz. It then spent the next 20 years - 20 years! - trading between $300 and $400, before eventually hitting a low in 1999 at $250/oz, when Gordon Brown sold. Idiot.My point is that in 1980 it looked to some like a return to gold standards was coming. The US had only abandoned gold 9 years earlier - and, in President Nixon's words, temporarily. Gold was still normal in people's minds. But the gold standard never came and gold was a rotten investment for 20 years.2011, by the way, was not of 1980 standards but the price still shot from $1,500 to $1,920 in a couple of months with the Greek debt crisis. There followed another gruesome bear market which saw gold go all the way back to $1,050.There is so much anti-dollar sentiment out there now, it might be that everything turns on its head - as things are wont to do - and we get a dollar rally.I recognise that things are looking frothy. Anytime silver starts doing well, that is usually a warning sign.A lot of American commentators like to use the baseball analogy. I would suggest maybe we are in inning six of nine. Something like that, possibly.So when to sell?

Singapore shares fell today, as all eyes remained on the upcoming US inflation prints out mid-week. The Straits Times Index was down 0.41% at 4,291.04 points at 2.14pm Singapore time, with a value turnover of S$830.22M seen in the broader market. In terms of counters to watch, we have Thakral. That’s as the company hopes to benefit from the proposed London listing of Project Glow Topco, which is the parent of UK-based The Beauty Tech Group. Thakral holds a 9.32 per cent effective interest in The Beauty Tech Group. Elsewhere, from movements in Asia amid political uncertainties in Japan and in Indonesia, to MetaOptics surging 25 per cent on its Catalist debut on the SGX, more corporate and international headlines remained in focus. Also on deck, the Nasdaq’s record close, and how Tencent is reportedly considering its first public debt offering in four years, this time, targeting the dim sum market. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Thilan Wickramasinghe, Head of Equity Research, Maybank Securities.See omnystudio.com/listener for privacy information.

Central banks hold more gold than US treasuries now. Behind the recent increase in gold's purchase by countries' central banks are three factors- a weakened dollar, uncertainty post Trump assumed office & geopolitics. Central banks' purchase of gold is also driving up its price which has increased by 35% this year. ThePrint Editor-In-Chief Shekhar Gupta explains why countries are stocking gold & dumping US treasury bonds, and how geopolitics is driving this.

Google avoiding worst-case penalties in its antitrust case lifted tech stocks yesterday, which drove the good performance of both the Nasdaq Composite and the S&P 500. Meanwhile, US job openings data provided a boost to US Treasuries, fuelling hopes of a September rate cut. Asia joined the rally, with the notable exception of China and Hong Kong. The latter had news specific to Nidec Corp to digest but China's dropcame on the back of news that financial regulators are said to be considering a number of cooling measures for the stock market following its spectacular rally since the start of August. Carsten Menke, Head of Next Generation Research, joins the show to shed light on the latest moves in the gold and silver markets.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:42) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (05:53) - Gold and silver: Carsten Menke, Head of Next Generation Research (09:49) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

In today's episode on 3rd September, 2025, we tell you why central banks now hold more gold than US Treasuries and what that tells us about money and investing.Book a FREE call with Ditto - https://ditto.sh/vx51ji

A global selloff in long-dated bonds — including 30-year UK gilts, US Treasuries and Japanese government bonds — has deepened. On today’s Big Take podcast, host David Gura, Bloomberg Economics’ Jamie Rush and FX reporter Mia Glass in Japan discuss what happened this week in UK and Japan bond auctions — and what it all means for the global economy. Read more: Global Bond Selloff Deepens With Longer Debt Leading Losses See omnystudio.com/listener for privacy information.

On this episode of Crazy Wisdom, Stewart Alsop sits down with Brad Costanzo, founder and CEO of Accelerated Intelligence, for a wide-ranging conversation that stretches from personal development and the idea that “my mess is my message” to the risks of AI psychosis, the importance of cognitive armor, and Brad's sovereign mind framework. They talk about education through the lens of the Trivium, the natural pull of elites and hierarchies, and how Bitcoin and stablecoins tie into the future of money, inflation, and technological deflation. Brad also shares his perspective on the synergy between AI and Bitcoin, the dangers of too-big-to-fail banks, and why decentralized banking may be the missing piece. To learn more about Brad's work, visit acceleratedintelligence.ai or reach out directly at brad@acceleratedintelligence.ai.Check out this GPT we trained on the conversationTimestamps00:00 Brad Costanzo joins Stewart Alsop, opening with “my mess is my message” and Accelerated Intelligence as a way to frame AI as accelerated, not artificial.05:00 They explore AI as a tool for personal development, therapy versus coaching, and AI's potential for self-insight and pattern recognition.10:00 The conversation shifts to AI psychosis, hype cycles, gullibility, and the need for cognitive armor, leading into Brad's sovereign mind framework of define, collaborate, and refine.15:00 They discuss education through the Trivium—grammar, logic, rhetoric—contrasted with the Prussian mass education model designed for factory workers.20:00 The theme turns to elites, natural hierarchies, and the Robbers Cave experiment showing how quickly humans split into tribes.25:00 Bitcoin enters as a silent, nonviolent revolution against centralized money, with Hayek's quote on sound money and the Trojan horse of Wall Street adoption.30:00 Stablecoins, treasuries, and the Treasury vs Fed dynamic highlight how monetary demand is being engineered through crypto markets.35:00 Inflation, disinflation, and deflation surface, tied to real estate costs, millennials vs boomers, Austrian economics, and Jeff Booth's “Price of Tomorrow.”40:00 They connect Bitcoin and AI as deflationary forces, population decline, productivity gains, and the idea of a personal Bitcoin denominator.45:00 The talk expands into Bitcoin mining, AI data centers, difficulty adjustments, and Richard Werner's insights on quantitative easing, commercial banks, and speculative vs productive loans.50:00 Wrapping themes center on decentralized banking, the dangers of too-big-to-fail, assets as protection, Bitcoin's volatility, and why it remains the strongest play for long-term purchasing power.Key InsightsOne of the strongest insights Brad shares is the shift from artificial intelligence to accelerated intelligence. Instead of framing AI as something fake or external, he sees it as a leverage tool to amplify human intelligence—whether emotional, social, spiritual, or business-related. This reframing positions AI less as a threat to authenticity and more as a partner in unlocking dormant creativity.Personal development surfaces through the mantra “my mess is my message.” Brad emphasizes that the struggles, mistakes, and rock-bottom moments in life can become the foundation for helping others. AI plays into this by offering low-cost access to self-insight, giving people the equivalent of a reflective mirror that can help them see patterns in their own thinking without immediately needing therapy.The episode highlights the emerging problem of AI psychosis. People overly immersed in AI conversations, chatbots, or hype cycles can lose perspective. Brad and Stewart argue that cognitive armor—what Brad calls the “sovereign mind” framework of define, collaborate, and refine—is essential to avoid outsourcing one's thinking entirely to machines.Education is another theme, with Brad pointing to the classical Trivium—grammar, logic, and rhetoric—as the foundation of real learning. Instead of mass education modeled on the Prussian system for producing factory workers, he argues for rhetoric, debate, and critical thinking as the ultimate tests of knowledge, even in an AI-driven world.When the discussion turns to elites, Brad acknowledges that hierarchies are natural and unavoidable, citing experiments like Robbers Cave. The real danger lies not in elitism itself, but in concentrated control—particularly financial elites who maintain power through the monetary system.Bitcoin is framed as a “silent, nonviolent revolution.” Brad describes it as a Trojan horse—appearing as a speculative asset while quietly undermining government monopoly on money. Stablecoins, treasuries, and the Treasury vs Fed conflict further reveal how crypto is becoming a new driver of monetary demand.Finally, the synergy between AI and Bitcoin offers a hopeful counterbalance to deflation fears and demographic decline. AI boosts productivity while Bitcoin enforces financial discipline. Together, they could stabilize a future where fewer people are needed for the same output, costs of living decrease, and savings in hard money protect purchasing power—even against the inertia of too-big-to-fail banks.

Helmut Jonen aka Waikiki5800 ist zurück bei echtgeld.tv! Was bewegt einen Investor mit über 40 Jahren Börsenerfahrung dazu, ausgerechnet jetzt bei CK Hutchison, Berkshire Hathaway, Diageo und Nestlé aufzustocken? In seinem Comeback bei echtgeld.tv beleuchtet Helmut Jonen gemeinsam mit Tobias Kramer nicht nur Bewertungs-Chancen, sondern auch politische Risiken – vom US-Wahljahr über China bis zur deutschen Rentenkrise. Und er spricht über Value-Chancen im Depot und wie man in unruhigen Zeiten nachjustiert.

Mit seiner Politik hat US-Präsident Donald Trump im April 2025 simultan zu den Aktien- auch die Anleihenmärkte talwärts geschickt. Michael Weidner, Geschäftsführer und Co-Head of Global Fixed Income bei Lazard Asset Management sieht in der Reaktion der Kapitalmärkte aber noch keinen Vertrauensverluste in US-Treasuries  oder andere US-Staatsanleihen.  Vielmehr habe der Markt eingepreist, dass Zollpolitik zu steigenden Zinsen führen könnte. Entsprechend wurden die Renditen der US-Staatsanleihen dann auch von den Marktteilnehmern nach oben getrieben.Investoren würden weiterhin US-Staatsanleihen als „sicheren Hafen“ betrachten. Schon deshalb, weil es zum Dollar und zu US-Treasuries noch keine Alternativen gäbe, die  den Eckpfeiler der globalen Ökonomie beerben könnten. Michael Weidner: „In Europa wissen wir, fragmentierte Länder, kleinere Länder. Die EU als Ganzes ist zwar mit den USA auf Augenhöhe , aber der Anleihenmarkt ist fragmentierter. Und im asiatischen Raum bietet sich auch kein Pendant. Die einzigen Volkswirtschaften, die aufgrund ihrer größten Frage kämen sind Japan und China. China bietet sich als Handelsland mit Interesse an einem schwachen Renmimbi schon rein faktisch nicht an. Und Japan hat andere Probleme. Da sind wir insbesondere wieder bei derStaatsverschuldung, die noch deutlich höher als die der USA ist.“ Auch auf dem britischen Staatsanleihenmarkt herrsche momentan keine Käuferstimmung, meint Weidner: „Wobei 30-jährige britische Staatanleihen, die momentan ungefähr bei fünfeinhalb Prozent rentieren sicherlich spannend sind. Man muss sich hier nur auch die  Frage der Währungssicherung stellen. “Schweizer Staatsanleihen seien wegen der aktuellen Negativverzinsung wenig interessant. Als „Safe haven“ in Krisenzeiten sei derSchweizer Anleihenmarkt auch zu klein. Bei Euro-Anleihen meidet Michael Wieder französische Staatspapiere aufgrund der hohen Verschuldung von 120 Prozent. Hier seien südländische Staatsanleihen auf der Überholspur: „Spanische Staatsanleihen, insbesondere im mittleren und zehnjährigen Laufzeitenbereich halten wir für attraktiv. Die sind zwar auch recht gut gelaufen, aber die spanische Ökonomie ist mehr oder weniger das Paradebeispiel für eine solide Haushaltspolitik und für ein solides Wachstum über die letzten Jahre hinweg. Auf Augenhöhe sind hier sonst nur noch Griechenland und auf der qualitativ höchsten Seite irische Staatsanleihen. Über Europa hinausblickend, im asiatischen Raum,  finden wir Staatsanleihen aus Neuseeland und Australien derzeit attraktiv.“Wo und mit welchen Wertpapieren durchaus die Möglichkeit besteht auf dem Rentenmarkt noch auskömmliche Renditen auch jenseits der Inflation erzielen zu können hörst Du in der aktuellen Folge der Geldmeisterin.Viel Hörvergnügen wünscht Julia KistnerMusik- & Soundrechte:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.geldmeisterin.com/index.php/musik-und-soundrechte/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Risikohinweis: Dies sind keine Anlageempfehlungen. Julia Kistner und ihr Podcast-Gast übernehmen keinerlei Haftung.#Investment #Geldanlage #Podcast #Vermögen #Spanien #Irland #Australien #Neuseeland #Inflation #Zinsen #Dollar #veranlagenFoto: Lazard    

US stocks slumped overnight with the S&P 500 posting its fifth straight losing day and as investors count down the hours to Jackson Hole. US Treasuries also weakened as traders trimmed their rate-cut bets. Elsewhere, Walmart tumbled on a rare profit miss, while oil gained 1% amid stalled Russia-Ukraine peace talks. Back home, Aussie shares are set to ease from record highs, with results due from Inghams, Zip, and Guzman y Gomez today. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) US Treasuries held onto gains after traders boosted bets that the Federal Reserve will cut interest rates at its next meeting. (2) President Donald Trump said he may name the next Federal Reserve chair “a little bit early” and added that he was down to three or four potential candidates as he looks for a successor to Jerome Powell. (3) US President Donald Trump warned he would impose “very severe consequences” if Vladimir Putin didn’t agree to a ceasefire agreement later this week, following a call with European leaders ahead of his meeting with the Russian president. (4) Apple is plotting its artificial intelligence comeback with an ambitious slate of new devices, including robots, a lifelike version of Siri, a smart speaker with a display and home-security cameras. (5) Short sellers are betting against Greggs Plc at levels not seen since the global financial crisis, as the UK bakery chain struggles to convince investors that opening more shops will boost lackluster sales. (6) Bloomberg reports into how Tisza, an upstart Hungarian political movement, is making surprising gains against Viktor Orban's grip on the country's politics. Podcast Conversation: Even Babies Are Welcome at the Spa at These Ultra Luxury ResortsSee omnystudio.com/listener for privacy information.

Markets are in a positive mood, driven by corporate earnings that are exceeding expectations, and this is despite further 'tariff sabre-rattling' by President Donald Trump, who announced a potential 100% tariff on chips and semiconductors that are not manufactured in the US. Meanwhile, Switzerland has yet to successfully negotiate a reduction in the US tariff of 39%. Yields are slightly higher this morning, partly due to the underwhelming demand in yesterday's auction of new 10-year US Treasuries. For insights into the bank's investment strategy, we are joined by Nicolas Jordan from the CIO Investment Analysis team.(00:00) - Introduction: Helen Freer, Investment Writing (00:24) - Markets wrap-up: Roman Canziani, Head of Investment Writing (05:47) - Update from the CIO Office: Nicolas Jordan, CIO Investment Analysis (10:43) - Closing remarks: Helen Freer, Investment Writing Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

With the second half of the year now well underway, what are the prospects for the major economies and financial markets as tariffs remain very much in the headlines? On our podcast, Chief Market Strategist Daniel Morris tells Andrew Craig, Co-head of the Investment Insight Centre, that concerns remain over US Treasuries, arguing for an overweight in European bonds versus US sovereign debt.For more insights, visit Viewpoint: https://viewpoint.bnpparibas-am.com/Download the Viewpoint app: https://onelink.to/tpxq34Follow us on LinkedIn: https://bnpp.lk/amHosted by Ausha. See ausha.co/privacy-policy for more information.

Fixed-income investors, bonds are rising to the occasion and looking attractive again. Their yields are higher, and they have delivered as diversifiers against stock sell-offs this year. Yet, uncertainty has muddled the outlook as the bond market seeks clarity about tariffs, inflation, and interest rates.Paul Olmsted covers US fixed-income strategies for Morningstar Research Services. The senior manager research analyst explains why you need bonds for a balanced portfolio.Let's start with how you're thinking about the bond market in 2025. Can you talk about what you have considered key moments this year? As a follow-up, what is at the core of the bond market's concerns?We're recording this episode on July 30th around 10:30am. The Fed is expected to announce their interest-rate decision this afternoon. Market watchers are predicting the Fed will hold rates steady. High interest rates pose a risk to bonds. What other risks should investors watch out for now? Some bond investors are seeking a “Powell hedge” due to expectations that Trump could oust the Fed Chair. What are they hedging against, and is this something everyday investors need to think about? What's the probability of Trump firing Powell before the Fed Chair's term ends in May 2026, and who would be the ideal candidate? We have talked about how the memory of the worst bond market ever in 2022 is still lingering. However, bonds served as diversifiers during stock sell-offs earlier this year. Why do you think bonds can't shake the bad rap?What's the optimal bond allocation in a diversified portfolio during a high-rate environment? Should investors focus more on whether their holdings are short- or long-term, or is credit quality a bigger issue?What are the best bonds for portfolio diversification?What's the takeaway for fixed-income investors for the rest of 2025? Read about topics from this episode.  Investors Should Embrace Elevated Bond Yields3 Principles to Invest By, Whatever Comes NextWhy the Fed's Independence Matters to Markets, the Economy, and Your Wallet4 Top-Performing High-Yield Bond FundsTariffs and Dollar Weakness Tested US ResilienceIncome Opportunities Remain at the Front End of the Yield Curve What to watch from Morningstar. Covered-Call ETFs Are Booming. But Not All Yield Is GoodThis Dividend Investing Strategy Deserves a Second LookMarket Volatility: Is Your Investment Portfolio Ready for a US-EU Trade Deal?Market Volatility: 4 Key Factors to Track in Q3 2025 Read what our team is writing.Paul OlmstedIvanna Hampton Follow us on social media.Facebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/

In this episode of Macro Mondays, James Todd, Will Cunliffe, and Edward Hayden-Briffett unpack the week that was in global markets. Markets are reacting to sweeping new trade deals - notably a major US-EU agreement involving zero tariffs and massive energy investments - while weak US and Eurozone PMIs, consolidating precious metals, and rising Japanese yields signal caution. Meanwhile, investors are withdrawing from US Treasuries amid political uncertainty, China's economy is under pressure despite upcoming stimulus, and global attention turns to a packed week of critical economic data releases. 

Luke Gromen: Why The World Is Shunning US Treasuries In Favor Of Gold Every once in a while in life, we're blessed to come across someone who is truly living their path and sharing their gift. And in terms of financial analysis, at the top of my list for a long time has been macro analyst Luke Gromen. Which made it a true honor to have him join us for a conversation, where he laid out in his typically brilliant, yet easy to understand fashion why the world is shunning the US treasury in favor of gold. Luke explains what the Trump administration tried to do, what they're now doing, and what he thinks they're ultimately going to have to do, whether they yet realize it or not. He also explains why we've reached the point where it's no longer easy to push off the consequences of decades of American policy and profligacy, and why some of the shifts we're seeing now are still just getting underway. And of course we also got Luke's thoughts on the silver market too. So if you're invested in gold and silver (or perhaps even more importantly if you're not), then I think you'll be really glad you've seen this call, and click the link to get started watching it now! - To get access to Luke's incredible research at The Forest For The Trees go to: https://fftt-llc.com - Get access to Arcadia's Daily Gold and Silver updates here: https://goldandsilverdaily.substack.com/ - To get your very own 'Silver Chopper Ben' statue go to: https://arcadiaeconomics.com/chopper-ben-landing-page/ - Join our free email list to be notified when a new video comes out: click here: https://arcadiaeconomics.com/email-signup/ - Follow Arcadia Economics on twitter at: https://x.com/ArcadiaEconomic - To get your copy of 'The Big Silver Short' (paperback or audio) go to: https://arcadiaeconomics.com/thebigsilvershort/ - Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 - #silver #silverprice #gold And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

Economists and policy advisers have said that it is a strategic necessity for China to further scale back holdings in United States government debt in order to safeguard national financial stability, amid waning confidence in the dollar-based system and persistent geopolitical tensions.经济学家和政策顾问表示，在对以美元为基础的体系的信心减弱和持续的地缘政治紧张局势下，中国进一步缩减对美国政府债务的持有是一种战略必要性，以维护国家金融稳定。To pursue a more balanced, controllable allocation of foreign exchange reserves, the country is also likely to increase investments in non-dollar assets, including financial instruments of its Asian trading partners and crucial resources such as gold, energy and food, they added.他们补充说，为了实现更平衡、更可控的外汇储备分配，中国还可能增加对非美元资产的投资，包括其亚洲贸易伙伴的金融工具以及黄金、能源和粮食等关键资源。Yu Yongding, an academic member of the Chinese Academy of Social Sciences, called for China to continue reducing US government debt holdings in an orderly manner.中国社会科学院院士余永定呼吁中国继续有序减持美国国债。"The ideal approach would be to increase imports and utilize the excess foreign exchange reserves to purchase high-tech capital goods and strategic materials. This could require China to narrow its trade surplus, move toward a basic balance in the trade of goods and services, or even run a trade deficit for a while."“理想的做法是增加进口，利用多余的外汇储备购买高科技资本货物和战略物资。这可能需要中国缩小贸易顺差，实现商品和服务贸易的基本平衡，甚至在一段时间内出现贸易逆差。”"Extraordinary times call for extraordinary measures. We must closely monitor the US fiscal situation and prepare contingency plans to avoid being caught off guard," Yu said.余表示：“非常时期需要非常措施。我们必须密切关注美国财政状况，制定应急计划，避免措手不及。”。After stepping back from being the second-largest holder of US debt to third place in March, China further reduced its holdings of US Treasury securities in May by $900 million, to $756.3 billion, the lowest since February 2009, when the reading was $744.2 billion, according to the US Department of the Treasury.根据美国财政部的数据，中国在3月份从美国债务的第二大持有者退居第三位后，5月份进一步减少了9亿美元的美国国债持有量，至7563亿美元，为2009年2月以来的最低水平，当时该数字为7442亿美元。The reduction bucked the overall rebound of foreign holdings in US debt after a drop in April. Foreign holdings of US Treasury securities increased from April's $9.013 trillion to $9.046 trillion in May, with major US debt holders such as Japan, the United Kingdom and Canada increasing their holdings.这一减少抵消了外国持有的美国债务在4月份下降后的整体反弹。外国持有的美债从4月份的9.013万亿美元增加到5月份的9.046万亿美元，日本、英国和加拿大等主要美国债务持有者增加了持有量。Wang Peng, an associate researcher at the Beijing Academy of Social Sciences, said that China's holding cut in May—the third consecutive month of decrease despite other major holders' increased exposure—stems from a continued effort to optimize the structure of foreign exchange reserves.北京社会科学院副研究员王鹏表示，尽管其他主要持有者的敞口增加，但中国5月份的减持是连续第三个月下降，这源于持续优化外汇储备结构的努力。The aim is to reduce the risks of overreliance on US government debt and limit potential economic losses from geopolitical tensions, including the risk of asset freezes in the event of US sanctions, Wang said, adding that the move also reflects concerns about growing US fiscal deficits and uncertainty about the US economy.王表示，此举的目的是降低过度依赖美国政府债务的风险，并限制地缘政治紧张局势造成的潜在经济损失，包括在美国制裁的情况下冻结资产的风险。他补充说，此举也反映了人们对美国财政赤字不断增长和美国经济不确定性的担忧。Pan Gongsheng, governor of the People's Bank of China, the nation's central bank, has pointed to the risks associated with the US dollar's dominance as the global reserve currency, saying last month that US fiscal and financial regulatory problems could spill over, while the dollar could be weaponized in geopolitical conflicts.中国央行中国人民银行行长潘功胜指出了美元作为全球储备货币的主导地位所带来的风险，他上个月表示，美国的财政和金融监管问题可能会蔓延，而美元可能会在地缘政治冲突中被武器化。Guan Tao, global chief economist at investment bank BOCI China, said there is no immediate risk of a US sovereign debt crisis, as market demand for US Treasuries remains strong, and US Treasury yields could fall if the US Federal Reserve cuts rates later this year. Bond yields move in the opposite direction of prices.投资银行中银国际中国（BOCI China）全球首席经济学家关涛（Guan Tao）表示，目前没有美国主权债务危机的风险，因为市场对美国国债的需求仍然强劲，如果美联储今年晚些时候降息，美国国债收益率可能会下降。债券收益率与价格走势相反。But the deeper concern, Guan said, is US debt's long-term sustainability. If US government debt keeps expanding without a path to stabilization, it will eventually trigger problems.但关表示，更令人担忧的是美国债务的长期可持续性。如果美国政府债务继续扩大而没有稳定的道路，最终将引发问题。Credit ratings agency Moody's downgraded the US credit rating to Aa1 in May, citing runaway deficits, while the US administration's massive tax-and-spending bill, effective this month, could intensify such concerns, as it is forecast to increase US federal deficits by more than $3 trillion over the next decade.信用评级机构穆迪在5月份将美国信用评级下调至Aa1，理由是赤字失控，而美国政府本月生效的巨额税收和支出法案可能会加剧这种担忧，因为预计未来十年美国联邦赤字将增加3万亿美元以上。Chen Weidong, director of the Research Institute of Bank of China, said, "As the third-largest holder of US Treasuries, China must build a multilayered, systematic strategy to guard against mounting risks tied to US sovereign debt and the dollar-based financial system.中国银行研究院院长陈卫东表示：“作为美国国债的第三大持有者，中国必须建立一个多层次、系统的战略，以防范与美国主权债务和以美元为基础的金融体系相关的日益增长的风险。"This is not only vital for China's financial security, but also has far-reaching implications for the evolution of the global financial order," Chen said, adding that China has cut its US Treasury holdings by over 40 percent since 2013.陈表示：“这不仅对中国的金融安全至关重要，而且对全球金融秩序的演变也有着深远的影响。”他补充说，自2013年以来，中国已将其持有的美国国债减少了40%以上。He said that key priorities for China going forward include gradually reducing US Treasury holdings, optimizing the dollar investment portfolio by allocating more to short-term securities, increasing non-dollar investments, and advancing renminbi internationalization.他说，中国未来的主要优先事项包括逐步减少美国国债持有量，通过将更多资金分配给短期证券来优化美元投资组合，增加非美元投资，以及推进人民币国际化。He also called for deepening financial cooperation within Asia—which together holds over 60 percent of global reserves in dollar-denominated assets—so that Asia can form an internal reserve circulation system and reduce its reliance on external markets.他还呼吁深化亚洲内部的金融合作，亚洲拥有全球60%以上的美元计价资产储备，这样亚洲就可以形成内部储备流通体系，减少对外部市场的依赖。China has been stepping up efforts to diversify its reserve assets. The country's official gold reserves rose for the eighth consecutive month to 73.9 million ounces at the end of June, the State Administration of Foreign Exchange said.中国一直在加紧努力，使其储备资产多样化。国家外汇管理局表示，截至6月底，该国官方黄金储备连续第八个月增长至7390万盎司。consecutiven.连续不断的/kənˈsɛkjʊtɪv/dollar-denominatedn.以美元标价的/ˈdɒlə dɪˈnɒmɪneɪtɪd/

President Donald Trump this week delayed the planned  9 July tariff hikes on US imports, notifying 22 countries that rates could rise as much as 50% on 1 August.The White House had paused these measures for 90 days to pursue trade deals, but since Trump's so-called Liberation Day announcement on 2 April, only three agreements have been reached. ING's Inga Fechner says the new deadline, which Trump has described as firm, but not 100% firm, prolongs the uncertainty for business and consumers around the world. James Knightley says this is weighing on US economic growth - with GDP forecasts for 2025 markedly lower than at the start of the year. For now at least, markets are taking the news in stride, having recovered from the extreme volatility seen in April. But Padhraic Garvey says tariff-induced inflation and worries about fiscal sustainability present a difficult backdrop for US Treasuries.  In this week's THINK aloud, a replay of our live webinar, we look at the future of so-called reciprocal tariffs, potential sector-specific tariffs, the legal uncertainties ahead, the threat of retaliation and the broader impact on the global economy and financial markets.   

In the latest Macro MATTers podcast, Matthew Luzzetti (Chief US Economist) and Matthew Raskin (Head of US Rates Research) discuss recent events moving markets. In this episode, they discuss the June jobs report, takeaways from the June FOMC meeting and subsequent Fedspeak, and a variety of other topics including SLR reform, foreign purchases of US Treasuries, and developments related to trade and fiscal policy. (Note: This podcast was recorded on July 3rd just after the release of the June employment report.)

Sarah Hansen, Morningstar Inc's senior markets reporter, discusses the uncertain outlook for the third quarter and how investors should prepare for market volatility.What Was Surprising From Q2 Market VolatilityMixed Expectations as Trump's Tariff Deadline ApproachesHow Should Investors Prepare Themselves for Market Volatility?How Tariff Uncertainty Could Affect Company EarningsHow Trump's Tax and Spending Bill Raises Concerns About Federal DeficitHow the Fed's Decision on Interest Rates Could Affect the Yield CurveShould Investors Brace for More Market Volatility? Read about topics from this episode.  13 Charts on Q2's Major Market Rebound Market Volatility: What to Watch in Q2 After Big Swings in Q1 Has the Stock Market Reached Peak Optimism on Tariffs? What Investors Need to Know About Tariffs Tariffs Would Likely Hit These US Stock Sectors the Hardest What Investors Need to Know About the Budget Reconciliation Bill The Deficit is the Biggest Risk for the Bond Market, Says Matt Eagan of Loomis Sayles How Much Will the Fed Cut Interest Rates? How Healthy Is the US Economy? Here's What the Top Economic Indicators Say  What to watch from Morningstar. Is the International Outlook Brighter Than the US?Digital Advice in 2025: What You Need to Know About Robo-AdvisorsDemystifying Private Equity and Private Credit ETFs: What Every Investor Should KnowMarket Volatility: Portfolio Diversification Is Winning in 2025 Read what our team is writing:Sarah HansenIvanna Hampton Follow us on social media.Facebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/

On today's show we are looking at what the Fed could do that would cause a major increase in demand for US Treasuries. If the demand for Treasuries were to increase, the prices would rise and the market rate for those bonds would fall. The US Treasury would no longer be dependent on the interest rate guidance coming from the Federal Reserve. That could save hundreds of billions per year in interest costs for the US government.--------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

On today's show we are talking about distorted valuations. When you consider risk, I'm seeing what I can only describe as an atmospheric inversion in today's markets. Wall Street surged toward new record highs on Thursday, as the S&P 500 briefly topped its February 19 closing high of 6,144.15, extending a nearly $10 trillion rally from the brink of a bear market.On today's show I'm going to compare the risk free yield on US Treasuries as a baseline benchmark. In some ways, every other investment could be compared to that benchmark. I'm not going to get into the debate whether the US is going to default on its debt in the next decade or not. For the purpose of today's discussion let's take it as a given that the US will meet its debt obligations even if that means expanding the annual deficit and the global debt. We know that will eventually break down, but let's accept the US Treasury as a foundation for now. The reason I'm proposing that is that the reference for all of these investment returns is the US dollar. If the dollar is in question, then the value of all the other investments that a dollar denominated could be called into question as well. That includes Nvidia, Amazon, Walmart, United Airlines and so on. So let's call the risk free rate of return the yield on the US 10 year treasury. Today the market opened at 4.25%, pretty much in lock step with the Fed Funds rate. So whether you buy a 30 T-bill or a 10 year bond, your risk free rate of return today is at 4.25%.The argument is that if another investment is offering a lower yield, then it is somehow a better investment than the risk free rate of return. Does that make sense that the S&P 500 index would be more expensive than the risk free rate of return? --------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)  

Long-dated US Treasuries, the most popular go to assets in times of uncertainty, have done a disappointing job this year of dampening volatility in portfolios. So what might you favour instead? Fund managers Mike Riddell and Tim Foster join Seb Morton-Clark and Katie Roberts to discuss what investors need to consider when they're looking for the bonds that can shore up their allocations. And analyst Andressa Tezine explains why 2025 might be the year for emerging markets and where to look for yield.See omnystudio.com/listener for privacy information.

In this week's podcast, I break down 5 great questions we have either fielded directly in our practice, or have observed in the marketplace from retirees/near retirees.  Shoutout to Roberto for this concept, and if it goes well, we'll be doing these every 4-5 episodes!  In this edition, the 5 questions we'll tackle are:

ClearBridge Investments' Jeff Schulze reviews the two indicator upgrades on the Recession Risk Dashboard and shares his views on tariffs, US Treasuries, and why equity markets may see some choppiness over the next few months.

America’s debt burden and interest expense have become “untenable,” and that means long-term US Treasury bonds are no longer seen as legitimate risk-free investments, said DoubleLine Capital’s Jeffrey Gundlach. He is joined by Bloomberg's Lisa Abramowicz.See omnystudio.com/listener for privacy information.

'Gold Price Is Implying That US Treasuries Are Junk' You don't have to imagine it anymore. We're seeing it happen in front of our eyes. As gold is replacing US treasuries as the international store of value. And to help point out the signs, Vince Lanci has you covered in today's Morning markets and Metals. - Get access to Arcadia's Daily Gold and Silver updates here: https://goldandsilverdaily.substack.com/ - To get your very own 'Silver Chopper Ben' statue go to: https://arcadiaeconomics.com/chopper-ben-landing-page/ - Join our free email list to be notified when a new video comes out: click here: https://arcadiaeconomics.com/email-signup/ - Follow Arcadia Economics on twitter at: https://x.com/ArcadiaEconomic - To get your copy of 'The Big Silver Short' (paperback or audio) go to: https://arcadiaeconomics.com/thebigsilvershort/ - Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 - #silver #silverprice #gold And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

Peter Schiff discusses recent financial market turmoil, significant growth in precious metals, and critiques Trump's policies and actions.This episode is sponsored by Square. Get up to $200 off Square hardware when you sign up at https://square.com/go/peterIn the latest episode of The Peter Schiff Show, host Peter Schiff provides an in-depth analysis of the recent turbulence in financial markets. Schiff discusses the significant rise in gold prices, which closed at its highest weekly price ever, while other precious metals like silver and platinum also saw a notable increase. He highlights the decline of the US dollar and reveals the consequences of tariff policies, emphasizing the need for listeners to consider precious metals and foreign equities as a hedge against impending economic challenges. Schiff also examines the Fitch downgrade of US government credit, linking it to unsustainable fiscal policies under both Trump and Biden administrations. Additionally, he scrutinizes the political and economic conflicts surrounding tariffs, privatization of Fannie Mae and Freddie Mac, and personal financial gains made by Trump during his presidency. Listeners are encouraged to stay in tune for more insights and remain proactive in safeguarding their financial portfolios.

China, Cultural Revolution, Mao, Hua Guofeng, Gang of Four, China's shift to capitalism, China's economy, the Sino-Soviet split and how it effected China in the long run, China and the World Trade Organization, China's global infrastructure, Belt and Road Initiative, Trump 2.0's love/hate relationship with the Chinese economy, the purpose of deindustrialization in the US, how US corporations cannibalize one another, Trump's position on US Treasuries, how tariffs relate to Treasury yields, Modern Monetary Theory (MMT), how Trump 2.0 is employing MMT, how Trump's NATO policy factors in, private military companies, the prospect of the US further outsourcing military services, Trump's relationship with the Fed & Jerome Powell, DEI and how it plays into Trump's strategy, why the Democrats are doing so little to uphold DEI, how the situation in Palestine effects Trump's economic agenda, will the US go to war with China?River misspoke on Guofeng's role in the Gang of Four trial: "re: Hua Guofeng and the Gang of Four. He helped to arrest the gang of four only one month after Mao's death in 1976. Trial was in 1981. When I said he didn't persecute the gang of four I was wrong, he did. I conflated his unwillingness to further the revolution (and unwillingness to stop it- same pattern of not taking the initiative we talked about) with his actions towards the gang of four."Music by: Keith Allen Dennishttps://keithallendennis.bandcamp.com/Additional Music: Chay and the Hostageshttps://chaythehostages.bandcamp.com/album/trigger-warning Hosted on Acast. See acast.com/privacy for more information.

Today, we ask whether too many have gotten too bearish on US treasuries, the one asset nearly everyone agrees no on should own. If so, US treasuries could be in for quite a painful squeeze ahead of a long US holiday weekend that would inevitably have interesting repercussions across markets, not least for the US dollar and gold. This and much more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. John's latest FX Update. Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo.

On today's show we are talking about the risk premium being attached to US sovereign debt and how this has the potential to destabilize real estate markets for all US investors. We are accustomed to thinking that the Fed sets the interest rate. But the truth is that the Fed only sets one interest rate. That is the Fed Funds rate that banks use to lend to each other. The downgrade of the US debt by Moody's debt rating agency last Friday was a reflection of the government's persistent failure to adopt measures that would “reverse the trend of large annual fiscal deficits and growing interest costs.” Moody's was the third bond rating agency to downgrade the US sovereign debt after S&P and Fitch downgraded the US debt in August of 2023. It's not the downgrade per se that is the problem. The market makes its own determination and does not just look at what the bond rating agencies have to say.Spending is heading higher, regardless of who is in the White House. The demographic impact on entitlement programs is unavoidable. The population is aging and when the social security program was launched, there were 16.5 people in the workforce for every one person collecting benefits. Today there are 2.71 people in the workforce for every one person collecting benefits. By the mid 2030's, that number is expected to fall to 2.3 people working for every one person collecting. The math doesn't fund the liabilities. The current White House was elected on the promise of the economy and of fiscal responsibility. The latest budget bill that had wound its way through the Congress shows an increase in spending and a widening budget deficit. Despite desires to cut government waste and abuse, the impact seems somewhat muted. The bond market is clearly seeing significant risk to the ballooning US sovereign debt. This week's auction in new US Treasuries did not go well. The appetite for new paper from the US government was muted and the price that was bid for the 30 year was so low that the yield on the 30 year is now above 5%. The 30 year Treasury is a long denomination bond and its yield moves very slowly. To have the price for that bond drop so sharply in a matter of days has definitely rattled markets. ------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

BRICS/China Sell US Treasuries Big Pre-Summit... As the trade war continues on, there's also a BRICS Summit coming up. Which creates an interesting dynamic in how Trump has threatened to shut out any countries who de-dollarize, yet also there's also more need to de-dollarize than ever. So how are they responding? Vince Lanci explains in today's show! - To find out more about the latest news from Fortuna Mining go to: https://fortunamining.com/news/fortuna-publishes-its-2024-sustainability-report/ - Get access to Arcadia's Daily Gold and Silver updates here: https://goldandsilverdaily.substack.com/ - To get your very own 'Silver Chopper Ben' statue go to: https://arcadiaeconomics.com/chopper-ben-landing-page/ - Join our free email list to be notified when a new video comes out: click here: https://arcadiaeconomics.com/email-signup/ - Follow Arcadia Economics on twitter at: https://x.com/ArcadiaEconomic - To get your copy of 'The Big Silver Short' (paperback or audio) go to: https://arcadiaeconomics.com/thebigsilvershort/ - Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 - #silver #silverprice #gold And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

Dominic Pappalardo, chief multi-asset strategist for Morningstar Investment Management's Wealth group, discusses how trade talks over tariffs could ripple through the bond market and whether import taxes are the right move for Hollywood movies.Key Takeaways:What a Potential Trade Deal Between the US and UK Means for Market SentimentWhat Countries Need to Strike a Trade Deal to Calm Wall Street?What Persistent High Tariffs and Falling Imports From China Could Mean for the USHow Japan Moving Out of US Treasuries Could Rattle the Bond MarketHow Trump's Tariffs on International Movies Could Affect the Services SectorHow Tariff-Induced Market Volatility Affects the US Dollar's Strength GloballyHas Market Volatility Made the US a Risky Bet for Stock Investors?How Investors and Investment Managers Should Handle Market VolatilityWhat to Watch Before Trump's 90-Day Tariff Pause Ends Read about topics from this episode.  9 Charts on Trump's First 100 Days in the Markets 6 Charts on How Trump's Tariffs Have Upended Global Markets Q1 GDP Forecast to Show Sharp Slowdown as Imports Surge Ahead of Tariffs US-China Trade War Cause Us to Reduce Most US Independent Producers' Valuations by 2%-13% US Treasuries Sell Off as Trade War Calls Haven Status Into Question Dollar Hits 3-Year Low Against the Euro in Tariff Turmoil May 2025 US Stock Market Outlook: Eye of the Hurricane What to watch from Morningstar. Berkshire Hathaway's Annual Meeting Could Reveal Its Future PlansRetirees: Here's How to Tweak the 4% Rule to Protect Your Nest EggMarket Volatility: Which Investments Will Protect Your Portfolio in a Recession?Market Volatility: What Lies Ahead in Trump's Trade War Read what our team is writing:Dominic PappalardoIvanna Hampton Follow us on social media.Facebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/

On today's show we are looking at an event in financial markets that could represent a tipping point. These events have occurred with regularity over the years. Think of the Greek Sovereign debt crisis in 2012 that threatened to topple the entire European banking system. Think of Lehman Brothers in 2008. There was the bank failures in the US in 2023. These events often expose the counter party risk that is inherent in our globally interconnected financial system. The problem is showing up in the latest spike in US Treasury yields. It happened very rapidly between May 1 and May 2 of last week. Now we have become accustomed to very high volatility in US Treasury yields. Most of that is routinely blamed on the unpredictable nature of the White House.But this one was different. There was no news from the White House that fundamentally would affect Treasury yields. The threat to impose tariffs on foreign movies is not enough to move the needle. So who is dumping US Treasuries? What happened at the same time as the spike in US Treasury yields was a precipitous drop in the Taiwanese dollar against the US dollar. So who in Taiwan is dumping Treasuries? It turns out that Taiwanese life insurance companies had loaded up on US Treasuries and failed to purchase a hedge against interest rate volatility.  Why did they not buy insurance? They thought the insurance was too expensive. The liberation day announcement from Donald Trump had been pending for weeks. It was making front page headlines around the world, and still the risk managers at these Taiwanese insurance companies thought that they would take the risk and not buy the insurance. The high price of the insurance was a reflection of the elevated risk.---------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

Japan Opens Door To Selling US Treasuries As the trade war carries on, tensions remain with China, Trump has now raised the possibility of additional banking sanctions on Russia, and now Japan, a US ally, and the other largest holder of US treasuries along with China, has opened the door to the possibility of selling. Which is the kind of statement that was once unheard of. But is increasingly becoming more common as the shift from Treasuries to gold continues. To find out more about what they said, and how that will impact the gold and silver markets, click to watch the video now! - Get access to Arcadia's Daily Gold and Silver updates here: https://goldandsilverdaily.substack.com/ - To get your very own 'Silver Chopper Ben' statue go to: https://arcadiaeconomics.com/chopper-ben-landing-page/ - Join our free email list to be notified when a new video comes out: click here: https://arcadiaeconomics.com/email-signup/ - Follow Arcadia Economics on twitter at: https://x.com/ArcadiaEconomic - To get your copy of 'The Big Silver Short' (paperback or audio) go to: https://arcadiaeconomics.com/thebigsilvershort/ - Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 - #silver #silverprice #gold And remember to get outside and have some fun every once in a while!:) (URL0VD) This video was sponsored by Fortuna Mining, and Arcadia Economics does receive compensation. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-fortuna-silver-mines/Subscribe to Arcadia Economics on Soundwise

Underperformance of US Treasuries and the dollar during recent market turmoil begs the question of whether the safe haven status of the US, long taken for granted, will be as easily conferred in future times of trouble. Following the imposition of larger than expected tariffs on US trade partners, It served as a warning that US assets and the currency might require higher risk premia than previously appreciated. Mark Rosenberg, in his capacity as co-founder and CEO of GeoQuant, has considered and articulated exactly these risks as part of his work over recent years. He joins the podcast to discuss the trends in US political risk and the strength of its institutions, translating how they compare to other developed and emerging economies and whether further accounting for these risks in market pricing is warranted.See omnystudio.com/listener for privacy information.

US Treasuries and equities staged a strong comeback last week after US President Donald Trump appeared to strike a conciliatory tone on Fed Chair Jerome Powell and on the tariff deadlock with China. However, several US manufacturing activity indicators point to renewed contraction in regional manufacturing activities, and polls conducted by ABC News and The Washington Post revealed that 64% of respondents disapprove of the Trump tariffs, and 7 in 10 believe that the tariffs will lead to higher inflation.Against this backdrop, Julius Baer now expects two 50 bps rate cuts for the US, and have raised its recession probability to 50% from 35% for the next 12 months.This episode is presented by Magdalene Teo, Head of Fixed Income Research Asia at Julius Baer.

Get answers quickly:How is the American Consumer?How is the American Dollar?How are US Treasuries?How is the Housing Market?

Markets shook after US President Donald Trump announced his so-called reciprocal tariffs earlier this month. But there was one market in particular that got investors particularly worried: Treasuries. What's usually a safe haven asset suddenly saw huge sell-offs. Trump managed to avoid further pain by pausing large chunks of his tariffs, but the sell-off prompts a discussion about significant structural flaws in the market. The FT's US markets editor Kate Duguid explains which cracks in the US Treasuries market we can't ignore.Clip from The Wall Street Journal- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Why did Donald Trump buckle?Is the world losing faith in the almighty US dollar?The debt-fuelled bet on US Treasuries that's scaring regulators - - - - - - - - - - - - - - - - - - - - - - - - - - Follow Kate Duguid on X (@kateduguid). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

With the continuing decline in the price of US Treasuries, Katie, Rob and Aiden take up the debate about the future of America's status as a truly exceptional safe haven. Today on the show, the trio discuss the damage President Donald Trump has already done and ask how long it will last. Afterwards, they take long and short bets on 10-year Treasuries, the S&P 500 and the euro/dollar trade. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureDoug Burgum halted offshore wind project near NY, Gov Hochul tries to fight back. Foreign investors are dumping stocks.IMF issues warning, Trump is destroying their system. Trump is getting ready to drill baby drill. The Art of the Deal is in action. The [DS] has lost the narrative on MS-13 who was deported. The question is why are the Ds and the fake news concerned about this individual, does he know where the bodies are buried? Scavino sends a message puts up a picture of the President of El Salvador playing chess. What is the objective, in the end it will be checkmate king.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy Trump Admin Orders Halt To Offshore Wind Project Near New York Secretary of the Interior Doug Burgum said on April 16 that he had ordered a halt to the construction of a major wind project off the coast of New York “until further review.” Burgum, posting to the social platform X on Wednesday, said he had consulted with Commerce Secretary Howard Lutnick to direct the Bureau of Ocean Energy Management to “halt all construction activities” on Equinor's Empire Wind project. The Biden administration approved the project in 2023, with construction beginning last year. The interior secretary accused the former administration of “rush[ing] through its approval without sufficient analysis.” He did not provide further details on potential faults identified. “On day one, [President Donald Trump] called for comprehensive reviews of federal wind projects and wind leasing, and at Interior, we are doing our part to make sure these instructions are followed,” Burgum wrote in a follow-up post.   In response to the pause, New York Gov. Kathy Hochul said the project had already generated roughly 1,000 “good-paying union jobs” and is contributing to the state's economy. “This fully federally permitted project has already put shovels in the ground before the President's executive orders—it's exactly the type of bipartisan energy solution we should be working on,” Hochul wrote in a statement. “As Governor, I will not allow this federal overreach to stand. I will fight this every step of the way to protect union jobs, affordable energy, and New York's economic future.” According to the University of Maryland Center for Environmental Science, offshore wind farms “can be damaging to fish and other marine species” due to the noise and vibration from both the construction and operation of the wind turbines. Disturbing the sea floor during construction can also “affect plankton in the water column.” Source: zerohedge.com   https://twitter.com/KobeissiLetter/status/1912952517346070939  According to Apollo, foreigners own a massive $18.5 trillion of US stocks, or 20% of the total US equity market. Moreover, foreign holdings of US Treasuries are at $7.2 trillion, or 30% of the total. Investors from abroad also hold 30% of the total corporate credit market, for a total of $4.6 trillion. Foreign investors want out amid the volatility. IMF issues global economy warning The global economy is expected to grow more slowly this year and face higher inflation, the International Monetary Fund (IMF) has said, citing global trade disruptions and rising “protectionism.” Sweeping tariffs imposed by US President Donald Trump, which he says are focused on prioritizing domestic manufacturing and renegotiating trade deals in favor of the US, have caused a sharp rift with trade partners, including the European Union and China.

I spoke to Bob Kudla from Trade Genius and he gave his ideas on revaluing gold as an accounting trick to buy back treasuries. How does this help America take debt off the books and buy dividend paying companies to add to American wealth fund with a move from bonds to stocks as primary focus. FYI April generally most bullish month of the year, SHTF stock market in the autumn.  ☕ Support Civilization Cycle Podcast Buy As a Double Espresso

Preview: Colleague Brett Arends of MarketWatch, writing ROI column, views the US in retrenchment following PRC threat to sell US treasuries and withhold critical minerals from market. More. 1966 MAO AND THE CULTURAL REVOLUTION

SEASON 3 EPISODE 117: COUNTDOWN WITH KEITH OLBERMANN A-Block (1:45) SPECIAL COMMENT: Trump has already LOST the tariff wars he finally claimed he paused yesterday (without really pausing). Already. Took him only eight days. From Liberation Day to a day when in any other war, literal or figurative, he would have been deposed - 8 days. And never mind how much YOU AND I think he’s crazy; a high-priced adviser to macro fund managers says “a few have quietly wondered if the president might be insane." And after Wall Street came off the ledge and got back to where it was Monday – only, what, seven trillion lost – he declared victory. “Up 2500 points. Nobody has ever heard of it. Gotta be a record.” Because he can’t admit he made a mistake; his head would fall off. His approval numbers have cratered. He’s underwater by an AVERAGE of six points. LAST Wednesday it was an average of TWO points. Since the election he’s lost 20 points among those over age 65; he’s lost 50 points among those under age 30. And he still raised the tariffs on the Chinese again – to 125 percent – because he’s mad at them. Because they of course are winning. Because the Chinese are not negotiating; the Chinese are as they have been for centuries, waiting for their opponents to DIE. The Chinese are apparently dumping our 10-Year Treasuries, driving up our debt. And they’ve opened trading partnership negotiations with the head of the European Union. And for all the claims about pausing the tariffs, a universal TEN percent tariff will be maintained. He didn't pause anything. He simply lost everything. B-Block (27:10) THE WORST PERSONS IN THE WORLD: Joe Manchin writes a book celebrating his middle of the road bona fides. The cover photo shows only the right half of his face, naturally. Marjorie Stupid Greene reveals she does not know what the word "Merch" means. And the president of the hockey writers' association, a bonehead named Frank Seravalli, not only defends Wayne Gretzky's attacks on Canada but his bringing FBI Director and Election Denier Kash Patel to the Ovechkin game - and calls CRITICISM of those decisions "political BS." Instead of, maybe, calling out Gretzky for BRINGING political BS into a moment of sports history. C-Block (49:15) THINGS I PROMISED NOT TO TELL: She's still at it. Even as Trump's boasts of pausing the tariffs while INCREASING them on China and maintaining them on everybody else, Laura Ingraham is still carrying his water for him. It's time for me to review my dates with her last century, and the extraordinary revelation she made during the first of them about the then-nascent Republican-Media Industrial Complex.See omnystudio.com/listener for privacy information.

God's Debris: The Complete Works, Amazon https://tinyurl.com/GodsDebrisCompleteWorksFind my "extra" content on Locals: https://ScottAdams.Locals.comContent:Politics, Robbie Starbuck, NATO Shoshana Chatfield, Fannie Mae Unethical Conduct, Bill Pulte, Panama Canal, Pete Hegseth, Flu Shot Study, Trust in Science, Jack Smith Biden Staffers, CNN Harry Enten, President Trump, Tariffs, Scott Bessent, Trade Imbalance, China GDP, Kyle Bass, China's Reserve Adequacy, China's Financial Challenges, Grok Excellence, US Treasuries, Hedge Fund Treasuries, Elon vs Navarro, 2 Head Shots Suicide, Ryan Routh Stinger, Disability Claims Activist Judges, RFK Jr. Fluoride, Mike Benz, Anti-AFD Lawfare, China Trade War Options, Scott Adams~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~If you would like to enjoy this same content plus bonus content from Scott Adams, including micro-lessons on lots of useful topics to build your talent stack, please see scottadams.locals.com for full access to that secret treasure.

Donald Trump is pushing ahead with another 50 per cent tariff on Chinese goods, and there are questions about what will happen to nearly $2tn worth of pledges to invest in the US because of the levies. Plus, the FT's Katie Martin explains why a selloff in US Treasuries could mean a world of hurt for markets. Mentioned in this podcast:Donald Trump to proceed with extra 50% tariff on China as trade war escalatesUS tariffs threaten almost $2tn of investment pledges by global companies Markets could get a lot worse — and quicklyThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Reality check: President Trump likes stablecoins more than Bitcoin. What do Bitcoiners do?You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.comPresident Trump makes a pivot from Bitcoin to stablecoins in his latest policy statements. Reality check: stablecoins now account for over 50% of all crypto settlement volume, with Tether becoming the 7th largest holder of US Treasuries globally. We break down how stablecoins are being used in emerging markets, why Tron dominates the stablecoin landscape despite centralization concerns, and what this means for Bitcoin's relationship with the traditional financial system.Notes:- Tether is 7th largest buyer of US treasuries globally- Stablecoins now 50% of all crypto settlement volume- Tether holds $113 billion in treasuries- Tron handles ~40% of stablecoin transactions- Tether earns ~$4 billion yearly on Treasury yields- Trump now promoting stablecoins for dollar dominanceCheck out our Bitcoin scaling conference! Visit opnext.dev to learn more.Timestamps:00:00 Start00:34 Trump video03:09 Reaction06:53 Tether buying treasuries11:08 Other stablecoins17:35 Arch Network18:05 The Tether Eye of Sauron20:10 Who's using stablecoins22:18 Where are stablecoins traded?26:31 Volume of all crypto transactions compared32:33 A realistic view-