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Posts by Rafael Mentges

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Russia Set to Ramp Up Oil Flows as Impact of Drone Strikes Fades Moscow has resumed loading operations at key ports, setting the stage for a rebound in exports

”…operations have now resumed at all three ports, with most of the berths back in operation, and average flows are poised to jump in the coming weeks…Shipments in the latest week rose to 3.53 million barrels a day..”

www.bloomberg.com/news/article...

10 hours ago 1 2 1 0
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AI boom poised to be ‘massively disinflationary’, Northern Trust says Head of financial services group’s $1.4tn asset management division expects new tech to unleash huge productivity gains

"Officials such as Fed vice-chair Philip Jefferson note that soaring investment in AI infrastructure, such as data centres, boosts demand immediately — and risks raising prices, while the effects on productivity will take longer to play out."

1 day ago 0 0 0 0

And divesting or not, you can't tell me he is not biased.
Then again corruption and conflict of interest are unfortunately not newsworthy anymore because it is the norm under this administration.

Furthermore, he is also unqualified for the position.

1 week ago 0 0 0 0
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Federal Reserve chair nominee Kevin Warsh reveals assets worth over $100mn Trump’s pick to succeed Jay Powell reports $10mn in consulting fees from Stanley Druckenmiller’s family office

Seriously, this is obscene!

Fed chair nominee Warsh "received more than $13mn in consulting fees last year, including $10.2mn from billionaire hedge fund manager Stanley Druckenmiller’s family office, Duquesne."

giftarticle.ft.com/giftarticle/...

1 week ago 0 1 1 0

"US Treasury secretary Scott Bessent summoned the leaders of some of the largest US banks earlier this week to discuss the cyber risk posed by the latest AI model from Anthropic, according to people familiar with the matter."

Maybe investing in gold isn't such a bad idea 🤔

1 week ago 0 0 0 0

Well, some central banks seem to be pretty good at engineering that trust into existence.

Also, ironically, central banks hold a lot of gold. That means they have a huge effect on the value of gold.

1 week ago 0 0 0 0
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Fox News: "Breaking right now -- Iranian state media says Iran is closing the Strait of Hormuz"

1 week ago 6787 2068 741 536
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Turkey’s gold sales deepen bullion slump Central bank arranged $20bn of sales and swaps in March as it battled to support the lira

Interesting piece on gold, Turkish lira stabilization, and foreign exchange markets during the Iran war.

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1 week ago 0 0 1 0

Why are they still trying so hard to get Trump to like them? It's a pointless endeavor, possibly even harmful.

1 month ago 0 0 0 0
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How a US official’s deleted post sent oil markets on a wild ride Confusion over naval escorts in Strait of Hormuz exposes Trump administration’s lack of clarity over war aims

Probably once again a scheme to enrich MAGA elites at the expense of everyone else.

The amount of possibilities when you don't have a working judicial system anymore ...
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1 month ago 0 0 0 0
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a basketball player wearing a lakers jersey with the number 0 on it ALT: a basketball player wearing a lakers jersey with the number 0 on it

"Meine Damen und Herren, bitte erschrecken sie nicht. Wir erreichen Köln Hbf zwei Minuten früher als geplant." 🥳

Fünf Minuten später steht die Bahn 10 minuten auf der Brücke, wegen eines defekten Signals 🙈

1 month ago 1 0 0 0
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Convenient dollars, inconvenient Treasuries? Special money

Interesting piece on interest parity and US government debt:

"... at almost all maturities, markets are exacting higher borrowing costs on the US government despite demand for the dollar."

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1 month ago 0 0 0 0

5. Die CDU hat ein Ideologieproblem. Die CDU ist nicht pragmatisch, sondern agiert ideologiegetrieben. Diese Politik der CDU auf Bundesebene ist genau das, was ihr in BaWü geschadet hat, weil es Wechselwähler vertreibt und Lager vereint. #lifestyleteilzeit #teuer-heizen-gesetz #zahnersatz (6/x)

1 month ago 8 2 2 0
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The Big Winner From the Persian Gulf Energy Crisis? Russia The turn of fortunes has given ​Russian President Vladimir Putin renewed swagger when it comes to energy.

Some Indian refineries are being offered Russian barrels at a premium of between $1 and $5 a barrel to the global benchmark Brent..arrival at Indian ports this month and next…That is in contrast to a discount of more than $10 a barrel below Brent in February.
🇷🇺🇮🇳
www.wsj.com/finance/comm...

1 month ago 17 10 4 3
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Neoclassical economics emphasizes that international trade acts like an improvement in technology that is mutually beneficial. Tariffs are a tax on this trading technology, from Ralph Ossa and @reddingecon.bsky.social www.nber.org/papers/w34915

1 month ago 18 8 0 0
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German chancellor’s party heads for narrow defeat in key regional election Greens projected to take lead in Baden-Württemberg state while AfD almost doubles vote share, according to projections

"If confirmed, a Green win would mark a striking victory for the party and its candidate Cem Özdemir, who would be well placed to become the first German state premier of Turkish descent in a coalition with the CDU."

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1 month ago 0 0 0 0
Disinformation joining in globally together with war, famine, pestilence and death..

Disinformation joining in globally together with war, famine, pestilence and death..

Russia and the Trump administration turned #disinformation into a global reality.

The truth is just optional..

1 month ago 24 6 1 0

Das Problem ist, dass in den Städten schneller ausgezählt wird als auf dem Land (warum weiß ich nicht mehr).

Da die CDU auf dem Land stärker ist gewinnt sie leider im Laufe des Abends gegenüber den Grünen meistens noch etwas...

1 month ago 1 0 0 0
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My Ukrainian friend Ivan from Kyiv gifted me these colorful socks made in Ukraine by the Lviv Socks Cooperative. If you can navigate its website in Ukrainian, you too can be the proud owner. Buying products made in Ukraine helps Ukraine win.

leostep.ua

@ivanua.bsky.social

1 month ago 14 4 0 0
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Stop the count! 🙈

1 month ago 1 0 0 0

Allerdings ist das Ding noch nicht in trockenen Tüchern. Die CDU hat, glaube ich mich zu erinnern, auch bei der letzten Wahl hinten raus mehr zugelegt.

1 month ago 1 0 2 0
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Wow, phänomenales Ergebnis für die Grünen und Cem Özdemir!

Allerdings auch nicht ganz überraschend nach dem Momentum der letzten Wochen.

Und 17,7 Prozent für die AfD in einem westdeutschen Land ist schon alarmierend/schockierend.

1 month ago 1 0 1 0
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Iran attacks show US haven status is in peril In moments of extreme uncertainty investors usually rush to the safety of US government bonds, but not this time

"US Treasuries are losing their status as the world’s go-to asset in times of crisis — the result, investors say, of erratic geopolitical and economic policy and the erosion of institutions under Trump."

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1 month ago 0 0 0 0

Alles war früher besser:

Wohnfläche pro Person:

1960er: ca. 23 m²

1970er: ca. 26 m²

1990er: ca. 37 m²

Heute: ca. 49 m²

Und ja, unterschiedliche Quellen und Berechnungsmethoden machen vergleiche manchmal schwer, aber es ist Fakt, dass Leute heute wesentlich mehr Wohnfläche haben.

1 month ago 1 0 0 0

Most policy makers wouldn't design such legislation in the first place.

1 month ago 0 0 0 0
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Right-wing extremism is actual the original cancel-culture.

Wokism is actually just a way to cancel right-wing cancel-culture.

1 month ago 0 0 0 0

Excellent piece!

Deutsche Bank again and again

1 month ago 0 0 0 0

Another own goal

2 months ago 1 0 1 0
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Pentagon aggressively lobbies EU against Buy European weapons push In previously unreported remarks, the U.S. administration warned Brussels that it will retaliate if Europeans “strong-arm American companies out of the market.”

www.politico.eu/article/wash...

"While the Trump administration has repeatedly told Europeans that it wants them to shoulder the bulk of the continent's conventional defense, the U.S. doesn't want that to come at the expense of American defense firms."

2 months ago 3 1 1 0
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Investors pour record sums into European stocks Inflows on track for all-time high in February as global fund managers seek alternatives to expensive US tech shares

"European bourses have benefited from big investors’ desire to diversify away from Wall Street and its massive technology sector, which has been buffeted this year by concerns over a potential AI bubble."
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2 months ago 1 0 0 0