Bonds gut stocks

Friday, 20 October 2023

The Market Ear with the latest positioning charts.

$1.2bn per hour

“….US debt adding around $28.5bn per day for 18 days in a row….or put a different way increasing that debt burden by $1.2bn per hour and likely to increase that total debt bill by around $1 trillion in around 6 weeks” (GS trading desk)

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.