Top Links 406 Data-dependent central banking, China's nuclear power surge, project gnome & Ukraine's middle-aged army.

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Huang Rui 黃銳 Yuanmingyuan: Rebirth 圓明園 : 新生 1979

Central banks and the new reality of data dependence

The great bet on rate cuts — and it was enormous — is dead. At the start of 2024, the expectation was for six, maybe seven, US rate cuts this year. T…