First mistake is being impatient with a banking crisis. Second is not paying attention to China.

Central banks in Australia and Canada ended their short #ratehikes #interestrates pause, ignoring the global #recession risks China just reminded everyone about for their own #inflation biases. History (not to mention markets) caution against prematurely shifting when faced with such a high level of uncertainty. 

Eurodollar University's Money & Macro Analysis

World Bank Global Economic Prospects
https://www.worldbank.org/en/publication/global-economic-prospects

RBA Statement by Philip Lowe, Governor: Monetary Policy Decision
https://www.rba.gov.au/media-releases/2023/mr-23-13.html

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening
https://www.bankofcanada.ca/2023/06/fad-press-release-2023-06-07/

Bloomberg: China Asks Big Banks to Cut Deposit Rates to Boost Growth
https://www.bloomberg.com/news/articles/2023-06-06/china-asks-big-banks-to-cut-deposit-rates-again-to-boost-economy

Bloomberg: Treasuries Slide After Surprise Canada Rate Hike: Markets Wrap
https://www.bloomberg.com/news/articles/2023-06-06/equity-futures-point-to-gains-in-asian-benchmarks-markets-wrap#xj4y7vzkg

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Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated by a fee arrangement: The Promoter will receive compensation on a quarterly basis, based on the increase in account openings that can be reasonably attributed to the Promoter's activity. The Promoter will not be receiving a portion of any advisory fees. The Promoter has an incentive to recommend the Adviser because the Promoter is being compensated. The opinions expressed on this site and in these videos are those solely of Jeffrey Snider and Eurodollar University and do not represent those of AFA.