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Macro Briefing: 10 May 2023

* Biden describes debt-ceiling talks with Republican leaders as “productive” * Debt-ceiling deal remains elusive, but leaders will meet again Friday…

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This article was originally published by The Capital Spectator

* Biden describes debt-ceiling talks with Republican leaders as “productive”
* Debt-ceiling deal remains elusive, but leaders will meet again Friday
* Americans lack confidence in key US economic leaders, survey finds
* Cryptocurrency exchange Bittrex files for bankruptcy
* New listings for US home sales fell 21% in April vs. year-ago level
* OpenAi tops CNBC’s list of top-50 firms as 2023 disrupters
* US small business sentiment slips in April to lowest level in a decade:

US dollar’s reign will continue, predicts LPL’s chief global strategist Quincy Krosby. “The dollar’s backing is exemplified by a sound foundation, a history of credibility, and transparency that cannot be negated by its detractors,” she writes in a research note this week. “King dollar still reigns and will for the foreseeable future.” The US Dollar Index has corrected lately, in part due to a new wave of predictions that the greenback’s status as the world’s reserve currency is increasingly in question. The dollar’s latest pullback leaves it at a middling level relative to recent history.


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Argentina Is One of the Most Regulated Countries in the World

In the coming days and weeks, we can expect further, far‐​reaching reform proposals that will go through the Argentine congress.

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A weird week of macro data – strong jobless claims but…

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Fed Pivot: A Blend of Confidence and Folly

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