The Macro Blog
Our most recent publications:
Vaccines are becoming a geopolitical weapon
Chinese Foreign Minister Wang Yi has accused developed nations of stockpiling large quantities of Covid-19 vaccines, leading to inadequate supply for poor countries, and hit back at attempts to politicize the pandemic. As mentioned in the previous GMI, the...
Inflation Bets Put South African Rate Hike Back on the Table
We should pay attention to this... This kind of rhetoric will become common in the coming months. The South African Reserve Bank has cut its policy rate five times since the beginning of last year to a record low to support an economy that contracted the most in nine...
Are talking about divergence and excess?
When compared to FANGMAN, Emerging countries are offering a great source of diversification and performance. As usual, pay attention to local positioning, all are not equal in this kind of environment...
‘Green steel’: the race to clean up but there is a cost…
This is one of the investment axes in my China Decarbonization 2060 portfolio. But there is no free lunch... ArcelorMittal, Europe’s biggest steelmaker, has estimated that decarbonizing its facilities on the continent in line with the EU’s drive to eliminate net...
Texas warns of blackouts as arctic air freezes central US and Power Bill “to the moon”!!!
The Electric Reliability Council of Texas asked consumers on Sunday to conserve “as much as possible” until Tuesday as it coped with frigid conditions that sapped electricity supplies. As Zerohedge pointed out well : "Ancillary Services, specifically Responsive...
Fundamental and ESG rating will resist to Tesla’s Bitcoin Strategy???
2 points questioning and highlighting the lack of fundamentals in this market and in ESG rating methodology. Tesla made more profit after its $1.5bn bets in Bitcoin than all car sales in its history... Interesting to hear the outstanding silence of ESG analysts after...
The Best Graphs illustrating our Global Financial Suicide
Thanks to Suicide Squad, aka Central Banks and Treasury Dpts, the TINA effect benefitting to equity will become gigantic. Problems will start becoming nasty when Governments will join the duo, flooding cash in economies already drunk by the past and current oversupply...
Germany plans to extend lockdown until March 14: draft document
While Japan is only starting vaccination in the middle of next week, the new strains of Covid are complicating and postponing the full vaccination rollout... Germany plans to extend restrictions to curb the spread of the coronavirus until March 14, a draft agreement...
China population: concerns grow as number of registered births in 2020 plummet
Last year, a total 10.035 million of newborns were recorded in the household registration system, known as hukou in China, down from 11.79 million in 2019, according to figures released by the Ministry of Public Security on Monday. The figure is not China’s official...
Fantastic interview of Stanley Druckenmiller by Goldman
Stanley Druckenmiller is the great CIO of Duquesnes Family Office. To be clear, excepted the short position on USD and the vision about Bitcoin, I am fully aligned with him over all the topics addressed, including when he is talking about risk management!!!...
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