“G1+Others” Pending

"Now look at Persia—three carrier battle groups. Who’s paying? You are." (Stephen K. Bannon)

(Source: politico.com, caption and editing by the Author)

Summary:

· President Trump has pulled America out of “G1+6”, pending his formation of “G1+Others”.

· Starmer’s G5 doesn’t add up to G6.

· In the absence of the US and Japanese navies, Starmer’s G5 trade sinks.

· The Fed is drifting towards the KeySignals Financial Stability Policy Third Mandate convergence point.

· The Fed’s Financial Stability Policy Third Mandate structurally commits to obey fiscal dominance through the agency of the financial sector dominance of monetary policymaking.

· The new Fed Chair will disingenuously opine that financial stability leads to low inflation and maximum employment.

· Greater economic inequality drives the importance of financial stability in the Fed’s policy reaction function.

Extracts

(Source: the Author, December 21^st, 2024)

(Source: Bloomberg, caption and editing by the Author)

(Source: independent, caption by the Author)

(Source: the Author, June 7^th, 2025)

· The credit negative DOGE GSE privatization model bubble has been structurally reinforced by the Fed’s get-out-of-jail card for the poster child (WFC) of the housing bubble-driven 2008 Credit Crunch.

· The 2008 Credit Crunch reprise will be structurally enabled by the Fed’s light-touch banking sector regulations.

· The NY Fed has confirmed that the US central bank is in the same predicament as the insolvent Bank of England.

(Source: the Author, June 7^th, 2025)

(Source: Bloomberg, caption by the Author)

(Source: investing.com, caption by the Author)

(Source: the Author, June 8^th, 2024)

(Source: Reuters, caption and editing by the Author)

(Source: Bloomberg, caption by the Author)

(Source: Bloomberg, caption by the Author)

(Source: Bloomberg, caption by the Author)