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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: tedthedog   😊 😞
Number: of 21939 
Subject: Re: euros
Date: 04/11/25 5:09 PM
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Lest the mention of inauguration day seem political, this site pretty much agrees with the numbers you quote, and also shows that sharp moves are not infrequent
tradingeconomics.com - United states

But the 'falling off a cliff' nature of the most recent part of the curve resonates with today's FT headline "Liquidity worsens in $29tn Treasury market as volatility soars", with their graph showing a bigly surge in yield of ten year and of thirty year U.S. bonds. If you squint, the currency curve looks pretty pandemic-like, where the Fed had to step in to preserve liquidity (the president of the Boston Fed was quoted in today's NTtimes as basically say "all is cool, but if not, we're here"). Gillian Tett has posted a couple of times in the FT about a possible contribution from very highly leveraged 'basis trades' on treasuries placed by hedge firms of an estimated trillion plus dollars, that are not going the way they had planned, and so they're trying to unwind them Financial Times: Content D5986c38 6c60 4869 b28a f1dfb0868c3e

I've frankly paid little attention to currency and related implications in the past, in terms of my portfolio. Perhaps because I'm in the U.S, the dollar was the reserve currency, and U.S. treasuries were the haven in a 'flight to safety'.

But that may be changing.
Peachy.
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