Promising signs on transmission - "Recently, the growth rates of M2, a broad money supply gauge, and total social financing have slowed while economic growth has held up relatively well, further weakening the correlation between credit growth and economic growth." www.yicaiglobal.com/news/china-s...
There's also no telling what this could spiral into if e.g., China gets involved on a spare missile parts level, as some outlets reported. Beijing sources 50% of its crude and 30% of gas from Persian Gulf. Hydrocarbons are a country's lifeblood. Japan entered WWII because of US oil embargo...
2024 - “According to reports, Chinese President Xi Jinping has dismissed concerns regarding deflation, asking advisers, ‘What's so bad about deflation?’ and ‘Don't people like it when things are cheaper?’” finance.yahoo.com/news/china-x...
From ‘the Iranian regime will fall’ to ‘energy subsidies for all’
He’s announced that Hungary will join the European Prosecution Office so anyone in the country can be charged.
Uh
“Sales of land at auction slumped in most Chinese cities in the first quarter from a year earlier. (…) By value, sales plunged *46 percent* to CNY215.4 billion (USD31.5 billion)” www.yicaiglobal.com/news/china-s...
One the eve of election day in Hungary, hot off the press at @compchange.bsky.social:
Dóra Györffy on how the lack of constraints on the Hungarian government has facilitated "predatory objectives and the dominance of private over public interests."
Open access! journals.sagepub.com/doi/epdf/10....
This is quite extraordinary- scientists set a kind of trap for AI chat bots by inventing a fake disease. AI told people it was real and… the deliberately bogus preprints started being cited in peer reviewed literature 🫣
🧪 #MedSky
www.nature.com/articles/d41...
Doubtful that the U.S. can go along with 10-point plan. If they do, Iran will have won the war www.ft.com/content/5a14...
"Het gaat om werkende armen en mensen onder het bestaansminimum. Wij weten hoe we deze mensen kunnen bereiken en er zijn plannen. Dan kiest het kabinet met een pennenstreek ervoor om dat niet te doen. Ik kan er met mijn hoofd niet bij." nos.nl/artikel/2609...
uh
*HASSETT: HORMUZ CAN BE OPENED WITHIN TWO MONTHS
No he def taco'd
"Croesus then asked if he should make war on the Persians and if he should take to himself any allied force. The oracles to whom he sent this question included those at Delphi and Thebes. Both oracles gave the same response, that if Croesus made war on the Persians he would destroy a mighty empire."
Recent uptick in China's FAI data suggests that the 'overcapacity' issues won't end anytime soon. At the same time, more Chinese deflationary exports will act as a damper on the incoming inflation shock, just as it did during the 2000s. Europe should hedge its bets english.www.gov.cn/archive/stat...
Paar goede punten in dit stuk
Europe is the world's largest single market - time we started acting like it chipsgunsandmoney.substack.com/p/the-folly-...
(Had to repost because the render settings were off)
JPMORGAN:
Persian Gulf temperatures in June “reach 126⁰ F, exposed metal temperatures can reach 160⁰F and vehicle interiors can reach 176⁰ F.
These dynamics may explain why the Trump Admin is reportedly looking for a near-term exit and letting the rest of the world figure out what to do ..”
Probably due to the physical and infrastructural complexity involved in gas storage, transport, and production
Out of all the commodities, natgas is probably the one with the least public information out there for retail guys. As a random person on the internet, you can reliably find analysis for everything from cocoa markets to lithium. But natgas like TTF really doesn't have any reliable analysis out there
Case in point
giftarticle.ft.com/giftarticle/... Trump is hastening Britain’s return to the EU
Amen
That’s an oldie but a goodie.
