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China CPI, PPI February 2025
And from Friday
China Trade Balance February 2025
The economic picture sours further and the stock markets are predicting a much bigger stimulus coming. For ages markets have assumed that China can collapse without impacting other markets. Maybe that's wrong.
Mercedes-Benz to cut headcount, lower pay increases amid cost-cutting drive [Reuters]
Scott Bessent on the air a lot now: “The first time I went to see President Trump he looked at me and said ‘How do we get this debt and deficit down without killing the economy?’ I’ve been thinking about this for 18 months… 25% of GDP goes through Area Code 202 (Washington DC)”
and
As "President Trump has directed, we will keep the US dollar the dominant currency in the world, and we will use stablecoins to do that"
BTC very weak and looking to test 75,000. No matter how much good news there is, market is still bleak.
BITCOIN / USD Daily
Gold and Silver stable but no flight to safety yet
SILVER / USD Daily
China's central bank ups gold reserves for fourth straight month in February [Reuters]
South Korea’s mint is grappling with a gold bar shortage as supply constraints bite [CNBC]
Safety seems to be in US 10 year.
US 10 Year Government Bond Yield Daily
USD lower again this morning.
DXY Daily