The Macro Blog
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BlackRock’s Fink warns companies need to show a net-zero plan !!!
If you already think that ESG and decarbonization would not generate inflation, Larry Fink just marks the beat! On Tuesday he warned the companies it invests in that they need to show how they will be able to survive in a world aiming for net-zero carbon emissions by...
1400% = Average bubble level… Pay attention to short coverings.
The 5 major financial bubbles since the 18th century have seen their relevant asset class rise by an average of 1400% before the crash. So, do not worry, if your particular position is not up 1400% yet you are fine, nothing bad will happen - just keep on buying. Our...
US warns Beijing over incursion into Taiwanese air defense zone
Taiwan is the main hot sport between the USA and China. Taiwan said four Chinese J-16 fighter jets, six H-6 bombers, and one anti-submarine aircraft had entered its “air defense identification zone” on Saturday. On Sunday, after the US statement, an even larger group...
Cash May Not Be King in China Anymore, but Reject It at Your Peril
In December, the People’s Bank of China (PBOC) issued a guideline (link in Chinese) regulating the use of cash for a variety of organizations, including public institutions, financial institutions, and small businesses... But in November, the guideline was accompanied...
U.S. risks falling into economic hole without decisive action : new communication style
A new era in the US administration communication. The all-good spread by Kudlow and well relayed by CNBC is over. White House economic adviser Brian Deese said Friday that the United States risks falling into a "very serious economic hole" without decisive action,...
Yellen will say that US should spend big… The last episode of : Babyboomers are crashing our world!
The FMI, the World Bank, the ECB, the BOJ, the FED, the US Congress, and now the US Treasury are all chaired by Babyboomers who overpassed the normal age of retirement. Your scribe is 52 and honestly, he is tired to have passed all his life cleaning up all mistakes of...
California urges stop to 300K vaccines after some fall ill… Consequences of All-in strategies?
Dr. Erica S. Pan on Sunday recommended providers stop using lot 41L20A of the Moderna vaccine pending completion of an investigation by state officials, Moderna, the U.S. Centers for Disease Control, and the federal Food and Drug Administration. After the Norway who...
Why China Plans to Tax the Booming Digital Economy. But the real questions are when and how? From all countries
In 2019, the nation’s digital economy generated 35.8 trillion yuan ($5.52 trillion) of revenue, accounting for 36% of China’s GDP, according to the China Academy of Information and Communications Technology. All DM will taxe digital economy due to the widening of...
Vaccine fatalities increasing : Banks are vaccine optimistic and governemnts made vaccine all-in… We hedged all of our strategies
Norway has expressed increasing concern about the safety of the Pfizer Inc. vaccine on elderly people with serious underlying health conditions after raising their estimate of the number who died after receiving inoculations to 29. In addition to the deaths, people...
Europcar CDS ‘squeeze’ : a lesson for the Retail Army?
This is a farce, embarrassing the $9tn CDS market!!!!! The problem stemmed from the terms of Europcar’s restructuring, which meant that most holders of its €1bn bonds were restricted from trading, preventing the debt from being included in the crucial auction that...
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