Mindblown: a blog about philosophy.

The US President’s decision to push back on the plan to participate in the Middle East conflict was met with a sigh of relief in the equity markets and stocks ticked higher. Notwithstanding the improved sentiment, Israel and Iran keeps exchanging fire. Meanwhile, European foreign ministers are to meet Iranian officials today to find diplomatic […]

The usual insults from Trump, ‘too late Powell’ and ‘stupid’ was seen before the FED unchanged decision which was all but nailed on. Powell’s press conference saw the usual wait and see approach; the path was unclear and said policy was "modestly restrictive" because a cost shock was coming. The market is still pricing in […]

Inflation in the UK cooled and the Bank of England is expected to keep rates on hold this week. In the Eurozone consumer inflation rose 1.9% in May, lower than the April measure of 2.2%. Current account surplus in the common currency area narrowed from €50.9 billion in March to €19.8 billion in April because […]

Economy Update Donald Trump cuts short G7 attendance and now new trade deals are achieved in side-meetings. He warns people to evacuate Tehran, but later US officials said it will not join in Israel attacks. G7 accuses Iran of being a regional destabiliser, that it should never have a nuclear weapon and says Israel has […]

Equity markets are stable after the massive selling spree on Friday with the dollar weakening and bond yields climbing. Apart from the escalating Middle East tension, investors will pay attention to the G7 meeting in Canada. Chinese retail sales unexpectedly rose in May and industrial production was in line with forecasts. The central banks of […]

For most, wars are incomprehensible in the 21st century, yet as the global order is being rewritten it is becoming an acceptable method to establish one’s authority. Despite, or maybe because of, its growing international isolation, Israel has struck Iran’s nuclear capabilities and its military facilities killing two of its top commanders. No doubt, the […]

Wall St, APAC and EUR show signs of risk off due to geopolitical tensions, reacting to US pulling staff from Iraq and other countries. Added weight to downward momentum is Trump rolling out tariff chat again. Says, would consider allowing deadline extension, but plans to send letters to trade partners with a ‘take it or […]

A dim ray of hope was provided by the latest truce on tariffs between the US and China. Details are sketchy and it is anything but clear what punitive measures would remain in effect. The US is pushing China to increase rare earth exports in return for easing US export controls of chips. US inflation […]

Economy update The only game in town is the China-US trade talks, which are taking place in London. According to US officials negotiations are going well, meaning that they have not broken down. The focus is on easing US export restrictions on chips in return for China expediting rare earth exports to the US. Even […]

Economy Update The US NFP inspired a Wall St rally on Friday which was accelerated by the idea of it leading to an easier FED approach. Trump has said Sino/US talks are ‘advanced’ in front of meet in London today. This overshadows poor inflation readings from China. Deflation continues with PPI registering near 2-year lows, […]