Sickness
A short break to Daily Thoughts
Dear all,
I’ve fallen ill, and need to take a 2-3 day break to heal. I’ve had a prolonged flu for about a month and because I did not care to rest and heal, it got worse during the weekend. Not much, but enough to sound a warning. Thus, Daily Thoughts will take a short break and return with full force at the end of the week.
However, I do want to make one short notion. Russia’s Deputy Foreign Minister Sergey Ryabkov has stated that it remains unclear to Kreml, what is the peace plan of President Trump for Ukraine. This enforces our view from Weekly Forecasts 4/2025 that President Trump has made something of an 180 degree turn in his stance concerning Ukraine. He started with a too aggressive stance, but quickly noticed that it will not yield the desired outcome (peace). This is his greatness as a political leader, i.e., that he has the ability to make quick turns when needed.
This also implies that the peace plan for Ukraine need to be sketched “on the go”. Considering how rapidly things on the ground are developing, I do not consider this a bad thing. Let’s see where we are by the end of the week.
Best,
Tuomas
P.s. Mate will be responsible on this month’s Outlook. It will be an update to the U.S. banking sector (Q4 data has become available) with some analysis on the bond markets.
Disclaimer:
The information contained herein is current as at the date of this entry. The information presented here is considered reliable, but its accuracy is not guaranteed. Changes may occur in the circumstances after the date of this entry and the information contained in this post may not hold true in the future.
No information contained in this entry should be construed as an investment advice nor advice on the safety of banks. GnS Economics nor Tuomas Malinen cannot be held responsible for errors or omissions in the data presented. Readers should always consult their own personal financial or investment before making any investment decision or decision on banks they hold their money in. Readers using this post do so solely at their own risk.
Readers must make an independent assessment of the risks involved and of the legal, tax, business, financial or other consequences of their actions. GnS Economics nor Tuomas Malinen cannot be held i) responsible for any decision taken, act or omission; or ii) liable for damages caused by such measures.