Daily Brief Macro: China Blues and more

• China’s Local Government Financing Vehicles remain a major obstacle to faster GDP growth and confirm that the country is quickly reaching its debt limits.
• A lack of liquidity has kept Chinese stocks from rallying even though central authorities have deployed a massive amount of targeted stimulus measures
• My new Bitcoin price projection is between USD 224K and USD 288K, two to seven years from now. 

• The Bank of Japan is caught between a rock and a hard place
• The JPY’s only hope is a US recession and lower US interest rates
• Japan’s inflation problem to resume as imported inflation bites into purchasing power once again

• Russia has pledged to cut oil output to 9 million barrels per day by June, potentially causing Brent oil prices to rise to $90 in April and above $100 in the future
• The US has the option to release up to 60 million barrels of crude oil from the Strategic Petroleum Reserve to mitigate the impact of high oil prices
• SPR inventories currently cover 188 days of net import demand for crude oil, suggesting that the reserve may not need to be as large as it once was and could be used for funding infrastructure and federal spending priorities

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• Javier discusses high olive oil and chocolate prices due to peak crop arrival and increased demand
• Tracy shares her favorite chocolates, including Hershey’s and Milka, and discusses expensive Swiss chocolates
• The surge in cocoa prices is attributed to increased global chocolate consumption and crop failures in West Africa, leading to comparisons with Nvidia’s performance.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.