Category Archive: 5) Global Macro

Jeff Snider on how Russia is using the eurodollar system despite sanctions

Paul Buitink talks to Jeff Snider of Alhambra Investments. Jeff explains how Russia, despite the sanctions, is still using the eurodollar system to transact internationally, for example by using off-shore banks across the world and middle-men in China and India.

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Why oligarchs choose London for their dirty money | The Economist

Britain is one of the best places in the world to launder dirty money. Our new film tells you why—and asks whether that's likely to change. 00:00 - Welcome to Londongrad 01:07 - Londongrad by design: a history 04:28 - How does British law help money laundering? 06:57 - How dirty money is hidden in property 09:26 - Why Britain's anti-corruption efforts fall short 10:49 - Does oligarch money actually benefit Britain? 12:08 - How can Britain get it...

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Arctic border town of Kirkenes in Norway freezes ties with Russia | WION

Norway, which is NATO's northernmost flank, shares land and maritime borders with Russia. The border town of Kirkenes has long been pointed to as a symbol of cross-border harmony in the Arctic but people there are now adapting to a new reality.

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Ukraine forces recaptures Kharkiv towns & villages, residents return to battered villages | WION

Ukraine's second largest city of Kharkiv continues to resist Russian attacks. Ukrainian forces are continuing a counter-attack to the North and have recaptured several towns and villages towards the Russian border .

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EU, Japan will implement strong sanctions against Russia and strengthen support for Ukraine: Kishida

Amid the ongoing Ukraine war, Japan has agreed to further cooperation with the European Union during the Japan-EU summit as the top EU diplomat said that Europe wants a more big role in Asia and welcomes a Japanese participation in action against Russia.

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Ukraine invasion: Kherson to soon be annexed by Russian troops? | Latest English News

Pro Kremlin authorities in Ukraine's southern city of Kherson, the first city to be captured by Russian forces on Wednesday urged President Vladimir Putin to annex the region. Moscow responded to the request saying that the local residents should decide their own fate.

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Eurobonds Behind Euro$ #5’s Collateral Case

The bond market is allegedly populated by the “smart” set, whereas those trading equities derided as the “dumb” money (not without some truth). I often wonder if it’s either/or. The fixed income system just went through this scarcely three years ago, yet all signs and evidence point to another repeat.

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Gravitas: Macron warns against humiliating Putin

US President Joe Biden has lined up more military aid to help Ukraine defeat Russia. But his ally, Emmanuel Macron has warned against humiliating Putin. Palki Sharma decodes the different signals from Washington & Paris.

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Industrial Synchronized Demand

Are the industrial commodities starting to get a whiff of demand side rejection? Short run trends suggest that this could be the case. From copper to iron and the highest (formerly) of the high flyers, aluminum, this particular group has been exhibiting a rather synchronized setback going back to the end of March, start of April.

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Live Broadcast | Joe Biden expedites military aid to Ukraine | Direct from Washington, DC

WION Live Broadcast | Joe Biden expedites military aid to Ukraine | Direct from Washington, DC - Joe Biden expedites military aid to Ukraine - Alabama manhunt for inmate ends - The Philippines set for the return of the Marcos family - Nepali Sherpa conquers Everest for record 26th time

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Russia-Ukraine crisis: Russia destroys Skovoroda Museum with missile strike | World News

More than two months have passed on and the fighting in Ukraine rages on. In the latest development, Kyiv said that Russia has destroyed a Ukrainian museum with a missile strike.

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What Happens When Complexity Unravels?

Those glancing at the appearances will be assured all is well and it will all sort itself out. Those who look behind the screen will move away as fast as they can. When finances tighten, there are two choices: cut expenses or increase revenues. Monopolies, cartels and governments can increase revenues by increasing taxes or the price of goods and services because users /customers / taxpayers have no alternative.

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Russia-Ukraine Conflict Live News Updates: G7 to hold virtual meet with President Zelensky | WION

It has been several weeks since the Russian invasion of Ukraine started, and scores of civilians have lost their lives in the conflict. Armies of both countries have been involved in intense fights since Russian troops entered Ukraine. Now, G7 will hold virtual meet with Zelensky.

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War in Ukraine: why is Russia’s army so weak? | The Economist

As Russia celebrates Victory Day, our defence correspondent considers why the Russian army has performed so badly in Ukraine. 00:00 - The poor performance of Russia’s armed forces in Ukraine 00:40 - Why has the Russian army struggled in Ukraine? 02:00 - What’s behind Russia’s brutal warfare? 03:27 - Donbas: the next frontier Sign up to our daily newsletter for the latest coverage: https://econ.st/38atDfd Russian soldiers appear to be dying...

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SMART BOURSE – L’invité de la mi-journée : Thomas Costerg (Pictet WM)

Lundi 9 mai 2022, SMART BOURSE reçoit Thomas Costerg (Économiste sénior US, Pictet WM)

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Russia marks Victory Day on May 9, observers speculate ‘All-Out’ war | World News | WION

As the battle continues in Ukraine, Russian forces are preparing for the victory day on May 9 and experts have predicted a declaration of all-out war on Ukraine. Russian President Vladimir Putin will celebrate the World War 2 Soviet victory over Nazi Germany with a traditional victory day parade.

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CIA Director on Putin’s goal in Ukraine: ‘No signs of deployment of tactical nuclear weapons’ | WION

In a latest update from the ongoing war, Central Intelligence Agency director William Burns has said that Russian President Vladimir Putin believes that he can't afford to lose in Ukraine, he also said that Putin is doubling down on war which shows no signs of planning to use tactical nuclear weapons.

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Who’s Playing Puppetmaster, And Who Is Master of Puppets

Cue up the old VHS tapes of Bill Clinton. The former President was renowned for displaying, anyway, great empathy. He famously said in October 1992, weeks before the election that would bring him to the White House, “I feel your pain.”What pain? As Clinton’s chief political advisor later clarified, “it’s the economy stupid.”

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Not the 1970s or the 1920s: We’re in Uncharted Territory

All of these similarities and differences are setting up a sea-change revaluation of capital, resources and labor that will be on the same scale as the extraordinary transitions of the 1920s and 1970s.

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China Then Europe Then…

This is the difference, though in the end it only amounts to a matter of timing. When pressed (very modestly) on the slow pace of the ECB’s “inflation” “fighting” (theater) campaign, its President, Christine Lagarde, once again demonstrated her willingness to be patient if not cautious.

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