China: not the stimulus you’re looking for

plus: the dollar and US bond outlook, tariffs, markets and more

“One day every major city in America will have a telephone.” – Alexander Graham Bell ||

Hello wonderful people, I hope you’re all doing well! We are now halfway through July. Summer is going by too fast.

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IN THIS NEWSLETTER:

• The dollar outlook

• The US bond outlook

• China: not the stimulus you’re looking for

• Macro-Crypto Bits: tariffs, markets

If you’re not a premium subscriber, I hope you’ll consider becoming one! You get ~daily commentary on markets, tokenization, regulation and other signs that crypto IS impacting the macro landscape. As well as relevant links and music recommendations ‘cos why not.

WHAT I’M WATCHING:

The dollar outlook

A few weeks ago, I wrote about the bleak outlook for the US dollar, as global institutions diversify reserves and reduce exposure. It’s time to revisit that.