fiveminutemacro.bsky.social
Five Minute Macro
@fiveminutemacro.bsky.social
3.6K followers 290 following 770 posts
Macro trader. I used to be disgusted, now I try to be amused.
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 3h
Gritcoin having its moment.
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 1d
Not a patch on the German Constitutional Court.
fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 1d
www.ft.com/content/2f34...
Trump’s attacks cast a chill on what Wall Street says
Economists and investors say there are scattered signs of self-censorship
www.ft.com
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 1d
Wild story. Imagine layering on swathes of expensive risk management over the last few decades, and then...this.
www.bloomberg.com/news/feature...
Ferrari-Loving Trader Burned Wall Street With Bond Bet Leveraged 11,000-to-1
Citigroup and MUFG were among the firms stung by $2.6 billion trade that’s now at the heart of a London lawsuit, raising questions about client checks
www.bloomberg.com
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 1d
Yes, it's from Extraordinary Popular Delusions, re the South Sea Bubble of 1720. Alas, the anecdote is probably apocryphal, albeit probably not too far removed from some of the more fevered schemes of the time.
fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 2d
What people sound like to me when they tweet about how that latest thing Trump is doing is illegal.
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 4d
"a company for carrying out an undertaking of great advantage, but nobody to know what it is"
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 5d
Hs everybody gone completely insane?!
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 5d
The economics of TSLA stock are such that Elon could buy 50,000 Teslas at full price, bury them in the desert and profit 10 times over from the stock bump from the delivery beat.

Apart from the stock he's probably buying to juice the stock, another circular glitch.

Truly through the looking glass.
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 7d
'No Way To Prevent This', Says Only Nation Where This Never Happens.
news.sky.com/story/former...
Former French president Nicolas Sarkozy sentenced to five years in prison
Sarkozy, who was French president between 2007 and 2012, was found guilty of criminal conspiracy - but not guilty of receiving illegal campaign financing from the late Libyan dictator Muammar Gaddafi.
news.sky.com
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 8d
I guess that's on me.
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 8d
1999: I remember thinking: it's a privilege to live through this Internet bubble - you'd expect to read about this in history books but never experience it from the inside.

2025: 'not as extreme as the Internet bubble' is a standard bullish metric.

NGL never expected it to become aspirational.
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 12d
Alcohol-related hospitalisations, ranked lowest to highest.
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 13d
Should be in pairs; ominous.
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 15d
Started / going
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 20d
If you were parachuted into the Fed to help get rates down, putting down clownish dot plots is 100% not the way to do it.
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 21d
'Nailed it!'
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 22d
Make Anfield Great Again!
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 22d
'The killer was a radical illegal trans leftist Everton fan.'
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 26d
I guess I lead a sheltered life, but I hadn't realised quite how far the Overton Window had shifted until this week.
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 27d
Valid, but I was reaching for the Italian comparison as it feels more structured, less stochastic than what we saw historically in the US.
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 27d
This could quite conceivably be where the US is headed; certainly doesn't take any great leaps of imagination.
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 27d
No further questions, thanks.
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 29d
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fiveminutemacro.bsky.social
Five Minute Macro @fiveminutemacro.bsky.social · 29d
Ths framing seems unhelpful. Core / periphery is about politics, not bond spreads. France is core to the European project, and that's ultimately all that matters. Investors forget over and over that EMU is primarily a political project, and then it has to be periodically and painfully relearnt.
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