over9k
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Not the first I've heard of europe pivoting down to africa and essentially going neo-colonial to replace the russian supply.
Nigeria's another big one too
Not the first I've heard of europe pivoting down to africa and essentially going neo-colonial to replace the russian supply.
Nigeria's another big one too
Or US v Afghanistan where cash + technology + overwhelming strategy and numbers = pointless waste of life and a disastrous chaotic exit.
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I'm hopeful of a Labor win and the promised 5% wage increase comes through, that will IMO kickstart the economy in a big way, the buying power will be given a hell of a boost and should really put a rocket under the economy.
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In Germany, the annual inflation rate accelerated to 7.4% in April from 7.3% in March.
On a harmonised basis, allowing for EU-wide comparison, annual inflation in Germany quickened to 7.8% in April from 7.6% in March.
On a harmonised basis, allowing for EU-wide comparison, annual inflation in Germany quickened to 7.8% in April from 7.6% in March.
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Nah, neither Ukraine nor Russia fit the U.S
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View attachment 141491
Not the first I've heard of europe pivoting down to africa and essentially going neo-colonial to replace the russian supply.
Nigeria's another big one too
Yes, several alternative oil producers exist. Whether they actually produce is another matter. The irony here is that Libya was an oil producing nation until NATO (a defensive organisation?) pummeled Qaddafi with overwhelming airpower, yet now they return when Russia is threatening their very own oil supply. Sad & hilarious.
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well Putin did warn of a lose-lose scenario before the 'special operation ' started , so obviously Putin was expecting some pain ( and possibly no glory )
HOWEVER the West turned that into a commodity war ( while thinking it was a financial war ) bizarrely Putin war-gamed this in a debate in the late 1990's when the adversary applied financial restrictions on ( the theoretical ) Russia , and Putin ( in the debate ) responded by increased self-sufficiency
now SO FAR both China and India have spotted a commodity-buying opportunity , so the impacts have been milder than Putin might have expected ( so far )
also remember Russia is NOT a military junta , the parliament is awash with former intelligence personal ( of various flavors ) , so is chockers with skilled analysts and information-gathers ( they don't have to rely on 'hired-gun' consultants and advisers )
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China has largely filled that power vacuum , calmly and quietly , and the Africans are much smarter now as wellNot the first I've heard of europe pivoting down to africa and essentially going neo-colonial to replace the russian supply.
Nigeria's another big one too
the Europeans looted and left before , just because the Africans don't record a lot of ( written ) history , doesn't mean it is all forgotten
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US CPI of 0.3% in April compared to 1.2% in March. Pretty much confirms that POO is driving this IMO.
over9k
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8.3 vs 8.1 estimated y/y. Everything slaughtered.
Looking like a massacre today, snoozefest on thurs, another slaughter on friday because as if there's not going to be plenty out there too nervous to hold through the weekend.
Might be time for an NRGU topup on friday.
Looking like a massacre today, snoozefest on thurs, another slaughter on friday because as if there's not going to be plenty out there too nervous to hold through the weekend.
Might be time for an NRGU topup on friday.
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Yup, USD pairs plunged, Europe giving up gains, 10 year bonds now above 3%. Shaping up to be another 5% down day. Next stop possibly 11000 on the NASDAQ IMO
Value Collector
Have courage, and be kind.
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Isn’t the whole point of the latest interest rate increases to try and dampen the economy and buying power?
A wage increase seems to be at odds with the rba strategy to fight inflation.
over9k
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There was an interview with one of the regional fed chiefs saying that she wasn't ruling 0.75 out for the next meeting. Something tells me it's all eyes on the fed again.
It's worth noting that we're knocking on the door of summer in the northern hemisphere now too so seasonality comes into play.
It's worth noting that we're knocking on the door of summer in the northern hemisphere now too so seasonality comes into play.
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Well that is the down side Albo didn't think about, crank up a 5% across the board wage rise that leads to RBA 10% interest rates to curb inflation, that means why would you buy shares for 5% div when you can get a 10% at bank?
But hey I'm happy either way, win/win 50% each way.
over9k
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You're uh, forgive the pun but "on the money" there trawler - we're heading into a world where capital is going to become harder & harder to come by.
This IS the chicken set in motion by Howard & co in the early 2000's finally coming home to roost. It took the russian invasion to do it, but we're now there.
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Yup I think we are in for a rude shock, well the some are. ?
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There was also an interview from the Atlanta fed chief who said that he didn't think 0.75 was necessary... Not too sure if we can take their word for it, although I do believe that they're going to be reactive rather than proactive (i.e. await incoming data) and will likely be slow to reverse direction
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Why would capital be harder to come by? If I earned money by lending out imaginary paper, I'd be making sure everyone got a piece....
over9k
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More expensive to borrow if there's higher interest rates.
You want to borrow money for some reason, if putting it in the bank was 2% earning before you could conceivably borrow it from me for 2.1% (depending on risk), but if the bank is 3% now then now you've gotta pay me 3.1%.
Obviously the higher you go in required return, the fewer investments actually make sense.
And voila, recession.
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Well I officially have NFI whats going on. AUDUSD reversed the drop. NASDAQ now in the green.
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