Karl Schamotta
@karl-schamotta.bsky.social
Chief Market Strategist, Corpay by day. Nerd by night. Opinions expressed are solely my own and do not express the views or opinions of my employer.
It’s important after this evening’s election results to recognize that @rajakorman.bsky.social absolutely nailed it with this piece in the FT a few weeks ago: www.ft.com/content/ba3b... Has America’s wave of anti-globalisation populism peaked?
Has America’s wave of anti-globalisation populism peaked?
When voters turn, leaders follow
ft.com
The needle tears a hole, The old familiar sting.
Karl Schamotta@karl-schamotta.bsky.social · 9h agoWhoa:
Whole lot of oligarch money getting smoked out there tonight folks:
Contemporaneous records claim that Election Day 2026 was met with a series of major storms in swing states, but that was likely an embellishment added by later historians to imply divine support for the anti-MAGA cause
Global database of currencies, 1850–2026, you say?
Shaquille O'Neal's Surprised Face (Sorprendido)
ALT: Shaquille O'Neal's Surprised Face (Sorprendido)
static.klipy.com
Iñaki Aldasoro@aldasoro.bsky.social · 2d agoTune in this Wednesday to listen to the awesome Catherine Schenk talk about the new paper (and dataset!) we will be releasing this coming Friday cepr.org/multimedia/g...
Welp, that answers something I’d wondered for a long time: why bank research teams were so content to let Fintwit accounts redistribute their charts. Turns out they weren’t.
Bloomberg News@bloomberg.com · 2d agoSome Wall Street banks are cracking down on who gets to see their research, roiling the online ecosystem known as FinTwit.
No one in Canada knows what time it is anywhere else in Canada
No one in Canada knows what time it is anywhere else in Canada
"My mother lives in Nova Scotia and I think it might still be October there? Or possibly next week? I’m not sure.”
thebeaverton.com
Help me Only One Pierogi, you're my only hope.
three birds in a trenchcoat@juneberrysprout.bsky.social · 4d ago
So the Canadian economy is the spinning top at the end of Inception:
Eight minutes until the Statcan site goes down again.
Taiwan’s economy grew an estimated 14% year on year in the third quarter. eng.dgbas.gov.tw/News_Content...
GDP: Advance Estimate of 2026Q3
eng.dgbas.gov.tw
I'm starting to think that crypto may not, in fact, be the money of the future.
BBG: BINANCE WALLETS SEE $2.77 BILLION OUTFLOW ACROSS FIVE BLOCKCHAINS AMID DRAIN SUSPICIONS; HACK UNCONFIRMED
Listening to Amanda Lang’s excellent interview with Tiff Macklem from yesterday, and (although he’s talking about a removal of accommodation) it really seems as if there’s a reluctance to admit that rate hikes are designed to slow the economy and weaken demand: podcasts.apple.com/ca/podcast/g...
Karl Schamotta@karl-schamotta.bsky.social · 7d agoIn response to a great question from the Globe and Mail, Macklem said (paraphrasing here) he doesn’t think today’s rate hike will negatively impact growth, but will slow energy price passthrough. Not quite sure what the monetary policy channel is here — beyond the symbolism of the move.
when was the last time a macro chart did something like this and it all worked out fine?
Damn it, Warsh's "information-rich" nonsense made its way across the Atlantic.
The private sector's AI-investment boom has driven half of US GDP growth since the start of 2025
Alphabet going from A to Z, skipping a few letters on the way:
huh. Lagarde has named the date. www.ecb.europa.eu//press/pr/da...
ECB President Lagarde to step down on 7 February 2027
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purch...
ecb.europa.eu
In response to a great question from the Globe and Mail, Macklem said (paraphrasing here) he doesn’t think today’s rate hike will negatively impact growth, but will slow energy price passthrough. Not quite sure what the monetary policy channel is here — beyond the symbolism of the move.
Karl Schamotta@karl-schamotta.bsky.social · 7d agoMarket expectations are high ahead of this morning's Bank of Canada meeting ... perhaps too high. A surprise hold could see CAD sell off by at least a cent:
Market expectations are high ahead of this morning's Bank of Canada meeting ... perhaps too high. A surprise hold could see CAD sell off by at least a cent:
