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Latest News & Insights
Yields on 10-year JGBs and Bunds are approaching zero. But the meaning of near-negative interest rates is different in Japan than in Germany.
China will have no problem replacing tariffed imports of U.S. oil and petroleum products, says Carl Weinberg: “U.S. producers will have to scramble to find new customers.”
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Maybe the U.S. economy can sustain an unemployment rate as low as 3.5% without a persistent upward bias to inflation, but we are highly skeptical.