Real Finance @ForTrueFinance
MM, Fixed income, derivatives trader | Banker, financier | Mostly digital | Behind financial sarcasm there is only a fraction of a joke Joined September 2018-
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Welcome to the Emerging Markets Club
US banks rip off credit card users, set highest interest rates in 40 years just as inflation forces millions to use their credit cards more. Source: bit.ly/3CGfkLf
@profwolff And the next time they come to visit you
@elonmusk @RichardGarriott ria.ru/20230107/duel-… No theory: real tank duel today. "One of the three tanks is moving from the asphalt road to the country lane and drives up to the forest belt. The other two tanks are moving along the asphalt road and divert the attention of two tanks."
Capitalism's New Year's Gift: 2023 will see at least 1/3 of the world economy in recession (on top of continuing inflations, rising interest rates and war in Ukraine). Capitalism: the gift that keeps on giving. bit.ly/3GxkqMe
#Putin attacks Russia oil #pricecap by quoting free market #MiltonFriedman: “if you want to create a shortage of tomatoes” put on a price cap and “instantly you have a tomato shortage. It’s the same with oil and gas.” My @wsj column ⬇️ (1/2) wsj.com/articles/putin…
The United States is ready to fight to the last Ukrainian. Foreign mercenaries are already fighting there, and the United States pays salaries to them, Zelensky, parliament, etc.
This is highly likely to be the outcome in the end – just a question of how many die before then
Unfortunately, it is necessary to start by reducing US Department of Defense spending on LNG promotion starting in 2016. But this financial dependence is difficult to refuse.
Ukraine-Russia Peace: - Redo elections of annexed regions under UN supervision. Russia leaves if that is will of the people. - Crimea formally part of Russia, as it has been since 1783 (until Khrushchev’s mistake). - Water supply to Crimea assured. - Ukraine remains neutral.
Putin is winning the war in the energy markets Europe’s energy crisis will test the resolve of Western governments to curb their addiction to Russian oil and gas, argues @JavierBlas (via @opinion) trib.al/JFMdpba
Everything is like in Daniel's book about Putin and gas judo. Putin simply gives everyone the opportunity to become better by learning a lesson. He always called everyone partners, as in training, despite the fact that a war was unleashed against Russia.
“Winter is coming” and Putin is counting on it. Russian pipeline gas shipments to EU are⬇️70%. The race to secure supplies ahead of colder months is on. Today's @WSJ: @MStoppard and I on how energy has become Putin’s 2nd front in the battle for #Ukraine. wsj.com/articles/winte…
As if he is not aware of the 20 million Russians who died in World War II because of Nazi Germany.
Mr. Putin seriously comparing himself to Peter the Great. Tens of thousands have to pay with their lives for the megalomaniac dreams of a renewed Russian Empire in Europe. 🇬🇧 & 🇩🇪 have to be prepared for a longer term conflict. news.sky.com/video/ukraine-…
The publications of Z.Bjezinsky and D.Yargin talk about completely different reasons. Putin, like Hercules, has to clean the stables. Unfortunately, he had to follow Confucius' advice and use force. All Biden family investments have been worthless. His risk.
Putin seems to have recognized that he made a terrible mistake when he invaded Ukraine. He also seems to know how weak his position is, which could make him an even bigger threat to open societies. Read my remarks from @Davos: bit.ly/3aldhRH
It is this fear that motivates the squirrel to spin the wheel better.
I am not an economist, but I expect that capital gains would often match the inflation. However, I would expect that most employees experience a significant delay before their wages are adjusted for inflation. Am I wrong?
"Whenever he saw a dollar in another man's hands he took it as a personal grudge..." "…I hate to write my name on the back of a check almost as bad as I do on the front." O.Henry theguardian.com/world/2021/jun…
The ability to massage the bank
Elon Musk asked his followers on Twitter ‘Do you want Tesla to accept Doge?,’ referring to dogecoin, a digital currency without any real world use, currently going for just 48 cents per digital coin. More here: reut.rs/3blOavL
In a historical perspective, everything looks different: Musk launched the Martian program with a mouse click (after all, no one believes he understands rocket fuel), and Putin finally slammed the toilet lid shut.
Moscow appeals court upholds jailing of Putin critic Navalny on.ft.com/2Mepjkc
A year after Covid began, China’s economy is beating the world trib.al/VzRWfoh
@AppliedFinMeth @EmanuelDerman Economist = nothing about anything.
Looking forward to read it.
From its beginnings writing longhand on dozens of legal pads, to innumerable manuscripts and now the finished product, I am so pleased to share my latest book, #TheNewMap (bit.ly/3fawpiD) out today from @penguinpress.
#NewMapMoments: 1709: The 1st “energy transition.” A metalworker in English village of Coalbrookdale replaces wood w/ #coal to smelt iron. Today, #energyTransition (what it means & how it will play out) is shaping #TheNewMap of #energy and #geopolitics. bit.ly/3fawpiD
Up or down?
The current Russian maritime activity is taking place in international waters well outside the U.S. territorial sea. We have not received any requests for assistance from the Russian Navy or other mariners in the area.
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