Category Archive: 5) Global Macro

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Putin claims taking control of Mariupol, ‘block off Azovstal plant so not even a fly can escape’

2022-04-24

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According to reports, the city of Mariupol, the key port city for which the battle been raging on in Ukraine for almost about eight weeks, Russia has now claimed that it has managed to secure control over the whole of Mariupol except for the Azovstal steel plant.

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Shanghai’s Current Plight Began in 2017

2022-04-23

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2022-04-23

The first chapters to China’s new story now playing out in Shanghai were written down in October 2017. Planning for them had begun years earlier, their author Xi Jinping requiring more research before committing them to paper. Communist authorities there had grown increasingly concerned about the lack of growth potential for its political system by then utterly dependent for a quarter-century on the economy growing.

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Russia ups its offensive against Ukraine, Kyiv says ‘battle for Donbas has begun’ | Latest News

2022-04-23

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It is week nine of the Russian invasion of Ukraine and Kyiv says that the second phase of the war has begun. Russia has launched its much anticipated offensive in eastern Ukraine with explosions reported all along the eastern front along with attacks in other regions.

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China, Japan, And The Relative Pre-March Euro$ Calm In February

2022-04-22

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2022-04-22

The month of February 2022, the calm before the latest storm. Russians went into Ukraine toward the month’s end, collateral shortage became scarcity, maybe a run right at February’s final day, and then serious escalations all throughout March – right down to pure US Treasury yield curve inversion.Given that setup, it was unsurprising to find Treasury’s February TIC data mostly unremarkable.

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First Images of damaged Russian Cruiser Moskva emerges | Russia-Ukraine Crisis

2022-04-22

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New photos and videos have emerged online of the sinking Russian Moskva ship, the leading Russian warship sank in the Black Sea. Video circulating online shows that it was probably struck by anti-ship missiles, the ship was abandoned before the ship sank in the Black Sea.

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What’s Your Plan A, B and C?

2022-04-22

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2022-04-22

Nothing unravels quite as dramatically as systems which are presumed to be rock-solid and forever. Here's the default Bullish case for stocks and the economy: let's call it Plan Zero. 1. The economy and equities can grow forever (a.k.a. infinite growth on a finite planet in a waste-is-growth Landfill Economy)

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Climate change technology: is shading the earth too risky? | The Economist

2022-04-21

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If the world is getting too hot, why not give it some shade? Solar geoengineering could halt global warming, but there are risks to this controversial technology. 00:00 - Is solar geoengineering worth the risks? 00:41 - On the frontline of climate change 01:40 - What is solar geoengineering? 02:05 - Why the Saami Council stopped a research project 03:33 - Why we need more research 05:05 - The risk of global political tension 06:12 - The risk of...

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Captured Britons put on Russian TV seeks Boris Johnson’s help to free them

2022-04-21

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In a dramatic escalation two British fighters captured in Ukraine by Russian forces were broadcast on Russian state TV, both men looking haggard appealed to British Prime Minister Boris Johnson to negotiate their release and asked to be exchanged for pro-Russian politician and Putin ally Viktor Medvedchuk.

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I Told You It *Wasn’t* Money Printing; How The Fed Helped Cause, But Can’t Solve, Our Current ‘Inflation’

2022-04-21

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2022-04-21

Trust the Fed. Ha! It’s one thing for money dealers to look upon Jay Powell’s stash of bank reserves with remarkable disdain, more immediately damning when effects of the same liquidity premiums in the real economy create serious frictions leaving the entire world exposed to the consequences. When all is said and done, the Federal Reserve has created its own doom-loop from which it won’t likely escape.

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Ukraine says ‘Russia has begun it’s eastern offensive,’ explosions reported across Donbas | WION

2022-04-20

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It is week nine of the Russian invasion of Ukraine and Kyiv says that the second phase of the war has now begun. Russia has launched its much anticipated offensive with explosions reported all along the eastern front, Ukraine's President Zelensky vowed to fight on, listen in.

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A Couple of Thoughts on Big Numbers

2022-04-20

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2022-04-20

Let's ask "cui bono" of the $33 trillion in added debt and the $9 trillion added to GDP: to whose benefit? I've been thinking about how hard it is to get our heads around big numbers.

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Crypto: a beginner’s guide | The Economist

2022-04-19

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Cryptocurrencies, decentralised finance and blockchain technology—what do these terms really mean? The Economist’s finance correspondents guide us through the key concepts of crypto. 00:00 - Crypto can be confusing 00:19 - What is crypto? 01:08 - What is a blockchain? 02:05 - What is mining? 03:15 - What is Bitcoin? 04:00 - What is Ethereum? 04:44 - What is an NFT? 05:41 - How to understand crypto Watch the full discussion here:...

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Debt Saturation: Off the Cliff We Go

2022-04-19

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2022-04-19

When the system can't borrow more and distribute the insolvency, it implodes. I started writing about debt saturation back in 2011. The basic idea is we can continue to borrow and spend as long as one of two conditions hold: 1) real (inflation-adjusted) income is rising, so there's more income to service additional debt, or 2) the cost of borrowing declines so the same income can support more debt.

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Ukraine-Russia conflict: Russian missile attack kills 5 In Ukraine’s Kharkiv | World News | WION

2022-04-19

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The assault on major Ukrainian cities is only intensifying. In a series of strikes, Russia has attacked Ukraine's second-largest city of Kharkiv killing at least five people and injuring 13.

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Ukraine under attack: Zelensky calls situation in Mariupol ‘Inhuman’

2022-04-18

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Russia-Ukraine conflict shows no signs of abating. Ukrainian president Zelensky said that Kyiv will stall all negotiation talks with Moscow if the last Ukrainian troops in the besieged city of Mariupol are harmed.

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Yield Curve Inversion Was/Is Absolutely All About Collateral

2022-04-18

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2022-04-18

If there was a compelling collateral case for bending the Treasury yield curve toward inversion beginning last October, what follows is the update for the twist itself. As collateral scarcity became shortage then a pretty substantial run, that was the very moment yield curve flattening became inverted.Just like October, you can actually see it all unfold.

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Gravitas: Finland prepares for a potential war with Russia

2022-04-17

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Russia's Ukraine invasion has sparked concerns in Finland. The Nordic country is preparing for a possible conflict with Russia. Its citizens are learning how to use a gun. the government is stockpiling essentials. Palki Sharma tells you more.

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China More and More Beyond ‘Inflation’

2022-04-17

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2022-04-17

If only the rest of the world could have such problems. Chinese consumer prices were flat from February 2022 to March, even though gasoline and energy costs predictably skyrocketed. According to China’s NBS, gas was up 7.2% month-over-month while diesel costs on average gained 7.8%.

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China’s Imports Outright Declined In March, And COVID Was The Reason Why But Not Really

2022-04-16

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2022-04-16

The guy said this was going to be the future. Not just of China, for or really from the rest of the world. Way back in October 2017, at the 19th Communist Party Congress newly-made Emperor Xi Jinping blurted out his grand redesign for Socialism with Chinese Characteristics.

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India’s software giant Infosys announces withdrawal from Russia

2022-04-16

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The Indian software giant Infosys has finally joined the corporate boycott of Russia over its invasion of Ukraine. Speaking to media at its headquarters in India's Bengaluru Infosys said it would move its business out of the country and pursue alternate options.

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