Look at US treasury yield curve. Not just the flattening from 6m to 30 year but the enormous dumping that has gone on. There is no confidence in holding USTs, especially given ongoing attempts to manipulate and support yield curve. https://t.co/gzSX2csdvc

Might be looking at an agreement being reached shortly, to reinstate the JCPOA. The decision for the US to leave it during the Trump administration was myopic at best.

UK August manufacturing PMI 46 versus estimate 51.

Huge miss and yet inevitable. Spiking energy costs are going to impact all aspects of the UK and western economies.

It is clear the US now fears Russia will strike so-called decision making centres in retaliation for the killing of Darya Dugina.

Nearly 25% of US businesses are now defined as zombie companies, meaning they can't afford interest payments on their debt.

At least another 20% are experiencing varying degrees of difficulty and could enter zombie status all too easily.

But apparently US is going to be fine.

US doing fine again

US cities and states have backed away from selling bonds to cover pension obligations because of rising borrowing costs, increasing their long-term burden of unfunded pension gaps.

https://t.co/wve3Hs3bRl

Most idiotic policy decision made wrt Ukraine was Europe having been in receipt of reliable Russian energy supplies for years being convinced to attack Russia via sanctions and decide to end those reliable supplies unilaterally and not realising what moronic decision it would be

Mexican imports of Russian goods rose by 20% in the first half of 2022 to include rolled steel, aluminium, rubber and fertilisers.

Noises coming out of German parliament that the war needs to end and a peace agreement reached, no more weapons to be sent and Europe is paying too big a price which is absolutely the case.

3 month T Bill yield is now at 2.86%, its highest level since January 2008.

12 months ago it was 0.02%. The amount of dumping has been enormous.

We could have easily told people everything they wanted to hear including alt media sensationalism. Great for business after all. Be mindful of those who do so for precisely that reason. Watch how they keep subtly reinventing narrative. Who privately admit its good for business.

Germany's electricity price has risen by 720% this year. This is going to destroy their economy, force corporations and SMEs to cease or downsuze operations and most importantly push a very large percentage of their people into food and energy poverty.

Germany's problem has never been about its reliance on Russian energy. It is its ongoing servitude to the US as a vassal state. Washington has feared integration with Russia since German unification, precisely because it alone would end NATO and US hegemony.

Westerners have become so used to getting what they want and probably don't need today that they imagine their nations can become self-sufficient overnight in terms of energy, food and critical resources. Their naivety is breathtaking. World is not a gigantic supermarket.

Interesting to see the Macron Algeria debacle were the Algerian people are telling him to go home and he is trying to spin it like its the exact opposite. Africa has rightly had enough of the west.

The share of US dollar assets in the foreign exchange reserves of global central banks is at a 25 year low.

In the first seven months of 2022, bilateral trade between China and Russia totaled $97.71bn equivalent, up 29% yoy.

Eventually whether today, tomorrow or next year there will have to be a peace agreement reached between Russia and Ukraine. The long the war goes on Ukraine's bargaining position will only weaken as we said months ago.

So even Brussels now admits Europe is suffering an energy, food and financial crisis. All self-inflicted by ludicrous fiscal, monetary, energy and geopolitical policy decisions.

IAEA mission is apparently now heading to Zaporozhye NPP.