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Satchu's Rich Wrap-Up
 
 
Tuesday 21st of September 2021
 
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Africa

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Mirrors on the ceiling, The Pink champagne on ice
World Of Finance




Mirrors on the ceiling,
The pink champagne on ice
And she said "We are all just prisoners here, of our own device" And in the master's chambers,
They gathered for the feast
They stab it with their steely knives,
But they just can't kill the beast
Last thing I remember, I was
Running for the door
I had to find the passage back
To the place I was before
"Relax, " said the night man,
"We are programmed to receive. You can check-out any time you like, But you can never leave! "

And when the Feedback Loop kicks in I expect it to kick big to the downside
However, there are many discordant notes.





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23-AUG-2021 :: ZigZag
World Of Finance


In one of his books Nassim Nicholas Taleb @nntaleb described his Trading Strategy as one which lost money 364 days of the year but made more on one day than was lost in those preceding 364 days. 
He makes the point that Few People or Trading Desks have the mental stamina to last those 364 days for that extreme one day pay out.

Paul Tudor-Jones
"I love trading macro. If trading is like chess, then macro is like 3D chess. You never have a complete information set or information edge the way analysts can have when trading individual securities." Paul Tudor Jones @NeckarValue
"When it comes to macro, you cannot rely solely on fundamentals; you have to be a tape reader, something of a lost art form''
''While I spend a significant amount of my time on analytics and fundamental information, at the end of the day, I am a slave to the tape and proud of it."
While I'm a staunch advocate of higher education, there is no training – classroom or otherwise.. that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market. There's typically no logic to it; irrationality reigns supreme, and no class can teach what to do during that brief, volatile reign.
"This is the BIGGEST bubble I have seen in my career."— Stanley Druckenmiller @TihoBrkan
"As a macro investor, my job for 30 years was to anticipate changes in the economic trends that were not expected by others - and therefore not yet reflected in securities prices". Stanley Druckenmiller 

http://bit.ly/2M1fCRp
I think we are the Cusp of the Moment
The Music has been playing for Eternity and its about to stop
tabla wizard, Aref Durvesh @thenitinsawhney
https://twitter.com/thenitinsawhney/status/1392335511889580033?s=20

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Those who don't believe inflation can morph to deflation overnight were not around in 2008. @SuburbanDrone
World Of Finance


Investors are 100% dependent upon central bank welfare.
When the monetary super bomb detonates, biblical fraud will explode in every direction.
Those who don't believe inflation can morph to deflation overnight were not around in 2008. 
OR, they have dementia.

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But consider the implications if true: The crypto universe may be riding on the back of China’s collapsing property developers @TheLastBearSta1
World Of Finance


Again – its certainly possible Tether is buying other Chinese bank or developer CP or making up the CP concept entirely. But consider the implications if true: The crypto universe may be riding on the back of China’s collapsing property developers

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27 NOV 17 :: "Wow! What a Ride!"
World Of Finance


Let me leave you with Hunter S. Thompson, “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming “Wow! What a Ride!”

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09-MAY-2021 :: The Lotos-eaters
World Of Finance


"Courage!" he said, and pointed toward the land, "This mounting wave will roll us shoreward soon."

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Abstraction: There are scales of explanation. A human can be considered a person, mammal, collection of cells, collection of stardust. @G_S_Bhogal
Misc.


Abstraction: There are scales of explanation. A human can be considered a person, mammal, collection of cells, collection of stardust. Sometimes the reason people can't see eye to eye is that they're unwittingly considering things at different levels of abstraction.

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Scope Neglect: We evolved for the small scale of tribal life, so we can't comprehend the big numbers that recently entered human life. @G_S_Bhogal
Misc.


Scope Neglect: We evolved for the small scale of tribal life, so we can't comprehend the big numbers that recently entered human life. We can appreciate the difference between 50 and 100, but not a million and a billion. It's why we often treat geopolitics like family politics.

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We live in an Era of gobbledygook debate, a moment of complete combustion.
Misc.


Just open your social media account and its a torrent of bite sized nonsense.

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The Toxoplasma of Rage: h/t: @slatestarcodex @G_S_Bhogal
Misc.


The Toxoplasma of Rage: The ideas that spread most are not those everyone agrees with, but those that divide people most, because people see them as causes to attack or defend in order to signal their commitment to a tribe. h/t:  @slatestarcodex

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The democratization of authority spurred by the digital revolution has flattened cognitive hierarchies and political decision-making is now driven by often weaponized babble. @FukuyamaFrancis
Misc.


The democratization of authority spurred by the digital revolution has flattened cognitive hierarchies along with other hierarchies, and political decision-making is now driven by often weaponized babble. @FukuyamaFrancis

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"the most significant Latin American literary voice of his generation"
Misc.

 I am still deeply immersed in Roberto Bolaño's world 

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The Savage Detectives | Roberto Bolaño
Misc.


Michel Bulteau, Rue de Téhéran, Paris, January 1978. 

I don’t know how he got my phone number, but one night, it must have been after midnight, he called me at home. He asked for Michel Bulteau. I said: this is Michel Bulteau. He said: this is Ulises Lima. Silence. I said: yes?

He said: I’m glad I caught you at home, I hope you weren’t asleep. I said: no, no I wasn’t asleep. Silence. He said: I’d like to see you. I said: now? He said: all right, yes, now, I can come to your place if you want. 

I said: where are you? but he misunderstood me, and said: I’m Mexican. 

Then I remembered, very vaguely, that I had received a magazine from Mexico. Still, the name Ulises Lima didn’t ring any bells. 

I said: have you ever heard of the Question Marks? He said: no, I’ve never heard them. 

I said: I think they’re Mexican. He said: the Question Marks? Who are the Question Marks? 

I said: a rock group, of course. 

He said: do they wear masks when they play? At first I didn’t understand what he’d said. 

Masks? No, of course they don’t wear masks. Why would they? Are there rock groups in Mexico that perform in masks? 

He said: sometimes. I said: it sounds ridiculous, but it might be interesting. Where are you calling me from? Your hotel? He said: no, from the street. 

I said: do you know how to get to the metro station Miromesnil? He said: sure, no problem. I said: twenty minutes. 

He said: I’m on my way, and hung up. 

As I was putting on my jacket I thought: but I don’t know what he looks like! What do Mexican poets look like? I don’t know a single one! All I’ve seen is a picture of Octavio Paz! But this poet, I sensed, would definitely not look like Octavio Paz. 

Then I thought about the Question Marks, and Elliot Murphie, and something Elliot had told me when I was in New York, about the Mexican Death’s-Head, a guy they called the Mexican Death’s-Head, who I only saw from a distance at a bar on Franklin Street and Broadway. 

The Mexican Death’s-Head was a musician but all I saw was a shadow, and I asked Elliot what it was about the guy he wanted to show me, and Elliot said: he’s a kind of worm, he has worm eyes and he talks like a worm. 

How do worms talk? In doublespeak, said Elliot. All right. Clear enough. And why is he called the Mexican Death’s-Head? I asked. But Elliot wasn’t listening to me anymore or he was talking to someone else, so I just assumed this guy must be Mexican or have spent time in Mexico at some point in his life, in addition to being as thin as a rail. 

But I didn’t see his face, just his shadow as it crossed the bar. A shadow empty of metaphor, evoking nothing, a shadow that was only a shadow with no wish to be anything else. 

So I put on my black jacket, combed my hair, and went out thinking about the stranger who had called me and the Mexican Death’s-Head I’d seen in New York. 

It’s only a few minutes from Rue Téhéran to the Miromesnil metro station, walking fairly quickly, but you have to cross Boulevard Haussmann and then head along Avenue Percier and part of Rue la Boétie, streets that at that time of night are mostly lifeless, as if starting at ten they were bombarded with X-rays, 

and then I thought that it might have been better to meet the stranger at the Monceau metro station, so that I would’ve had to walk in the opposite direction, from Rue Téhéran to Rue de Monceau, on to Avenue Ruysdaël and then Avenue Ferdousi, which crosses the Parc de Monceau, because at that time of night it’s full of junkies and dealers and sad policemen beamed in from other worlds, 


the languid gloom of the park leading up to the Place de la République Dominicaine, an auspicious place for a meeting with the Mexican Death’s-Head. 

But I’d chosen my path and I followed it to the steps of the Rue de Miromesnil station, which was deserted and immaculate. 


I confess that the metro steps had never seemed so suggestive, and at the same time so inscrutable. And yet they looked the same as ever. 

I realized immediately that this was an aura I’d conjured up myself by agreeing to meet a stranger at such an ungodly hour, which isn’t something I’d normally do. 

And yet I’m not in the habit of ignoring the call of fate. 

There I was and that was all that mattered. But except for a clerk who was reading a book and must have been waiting for someone, there was no one on the stairs. 

So I started down. I’d made up my mind to wait five minutes, then leave and forget the whole thing. 

At the first turn I came upon an old woman wrapped in rags and cardboard, sleeping or pretending to sleep. 

A few feet farther on, watching the old woman as if she were a snake, I saw a man with long black hair whose features may have been what you’d call Mexican, though I really wouldn’t know. 

I stopped and took a good look at him. 

He was shorter than me and he was wearing a worn leather jacket, carrying four or five books under his arm. 

All at once he seemed to awake and he fixed me with his gaze. It was him, beyond a doubt. 

He came up and offered me his hand. His grip was peculiar. As if, as we shook, he threw in Masonic code and signals from the Mexican underworld. 

A tickling and morphologically peculiar handshake, in any case, as if the hand shaking mine had no skin or were only a sheath, a tattooed sheath. 

But never mind his hand. I said that it was a beautiful night and we should go outside and walk. It’s as if it were still summer, I said. 

He followed me in silence. For a moment I was afraid he wouldn’t say a word the entire time we were together. I looked at his books. 

One of them was my Ether-Mouth, another was by Claude Pelieu, and the rest might have been by Mexican authors I’d never heard of. 

I asked him how long he’d been in Paris. A long time, he said. 

His French was terrible. I suggested that we speak in English and he agreed. 

We walked along the Rue de Miromesnil to the Faubourg St. Honoré. Our strides were long and rapid, as if we were late to an important meeting. 

I’m not the kind of person who likes to walk. And yet that night we walked nonstop, at top speed, 

along the Faubourg St. Honoré to the Rue Boissy d’Anglas and on to the Champs-Élyseés, where we turned right again, continuing on to the Avenue Churchill and turning left, the vague shadow of the Grand Palais behind us, making straight for the Pont Alexandre III, our pace never slackening, while in occasionally unintelligible English the Mexican reeled off a story that I had trouble following, 

a story of lost poets and lost magazines and works no one had ever heard of, in the middle of a landscape that might have been California or Arizona or some Mexican region bordering those states, a real or imaginary place, bleached by the sun and lost in the past, forgotten, or at least no longer of the slightest importance here, in Paris, in the 1970s. 

A story from the edge of civilization, I said. 

And he said yes, yes, I guess so, yes. And then I said to him: so you’ve never heard the Question Marks? 

And he said no, he’d never heard them. And then I said that he had to hear them someday, because they were very good, but really I only said that because I didn’t know what else to say

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19 OCT 20 :: Now Is The Winter Of Our Discontent
Law & Politics


“Now is the winter of our discontent” is the opening of a speech by William Shakespeare from Richard III.
It was also used to describe the profound industrial unrest that took place in 1978—9 in the United Kingdom.
Prime Minister Callaghan was asked by a reporter
"What is your general approach, in view of the mounting chaos in the country at the moment?" and replied:
Well, that's a judgment that you are making. I promise you that if you look at it from outside, and perhaps you're taking rather a parochial view at the moment, I don't think that other people in the world would share the view that there is mounting chaos.
The next day's edition of The Sun headlined its story "Crisis? What crisis?"

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23-AUG-2021 :: But Holmes was startled. “This virus has gone up three notches in effectively a year and that, I think, was the biggest surprise to me”
Misc.




But Holmes was startled. “This virus has gone up three notches in effectively a year and that, I think, was the biggest surprise to me”
The 1918–19 influenza pandemic also appears to have caused more serious illness as time went on, says Lone Simonsen, an epidemiologist at Roskilde University who studies past pandemics.

 “Our data from Denmark suggests it was six times deadlier in the second wave.”


With nearly 4 million new cases reported globally in past week (6-12 September), this represents first substantial decline in weekly cases in more than two months Weekly epidemiological update on COVID-19 - 14 September 2021 @WHO


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Global region COVID19 avg case exponential growth rate (daily/total) @jmlukens
Misc.


Oceania: 1.29%
North America: 0.36%
Middle East: 0.32%
Asia: 0.23%
Africa: 0.22%
Europe: 0.21%
South America: 0.07%

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Nations w/ record daily COVID19 cases past week. @jmlukens
Misc.



Brazil: 150,106 

Costa Rica: 6,952 

Venezuela: 2,606 

Belarus: 1,986 

Nicaragua: 675 

Suriname: 649 

Grenada: 522 

Angola: 420 

Antigua and Barbuda: 299 

Syria: 184 

Palau: 3

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Currency Markets at a Glance WSJ
World Currencies


Euro 1.1730
Dollar Index 93.167
Japan Yen 109.60
Swiss Franc 0.9273
Pound 1.3670
Aussie 0.7270
India Rupee 73.6215
South Korea Won 1185.00
Brazil Real 5.3251
Egypt Pound 15.7143
South Africa Rand 14.6767

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09-MAY-2021 The Lotos-eaters
World Of Finance


Consensus View appears to be that the Global economy is going to accelerate big time and that its going to BOOM!  I beg to differ

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19 APR 20 :: Tavi Costa tweeted
World Of Finance



1/12 A idealização do sucesso econômico Chinês sempre foi uma grande farsa. Durante a história tivemos diversos exemplos semelhantes de países comunistas que atingiram níveis de dividas internas e externas insustentáveis e que sofreram colapsos marcantes.

1/12 The idealization of Chinese economic success has always been a big scam. Throughout history we have had several similar examples of communist countries that have reached unsustainable levels of internal and external debt and have suffered marked collapses.
2/12 Para elaborar nessa proposição, considere a seguinte reflexão. De acordo com o PIB publicado pelo governo chinês, a China foi responsável por mais de 60% do crescimento econômico global desde 2008.
2/12 To elaborate on this proposition, consider the following reflection. According to GDP published by the Chinese government, China has accounted for more than 60% of global economic growth since 2008.
3/12 Com isso, ela passou a ser, incomparavelmente, a maior importadora de commodities no mundo. Se caso o seu crescimento de PIB tivesse sido tão expressivo, como justificaríamos a queda geral de preços de commodities no mundo?
3/12 As a result, it has become, by far, the largest importer of commodities in the world. If your GDP growth had been so expressive, how would we justify the general drop in commodity prices in the world?
4/12 Curiosamente, esse período marcou uma das piores décadas para esse mercado na história. É incontestável a contradição entre esses números, presumivelmente mais apurados, e os números “criados” pelo próprio governo comunista Chinês.
4/12 Interestingly, this period marked one of the worst decades for this market in history. The contradiction between these numbers, presumably more accurate, and the numbers “created” by the Chinese communist government is undeniable.

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"The issues in China & HK remain mostly contained to just a few companies..." Really? @TaviCosta
China


Here is the performance of sectors in the Hang Seng since Feb:

Tech -44%
Consumer Staples -27%
Health Care -25%
Financials -20%
Consumer Disc. -19%
Property Developers -19%
Industrials -16%

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April 19, 2020 Coffee Prices have been on a roll as we all quaff more Caffeine in a desperate desire to get some type of Fix in this new „Lockdown‟ World
Commodities


On a personal note, my dreams have become so vivid and I can only imagine it's because of the Cups of Coffee I am now drinking. #COVID19

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HIV Is Africa’s Latest Covid-19 Problem @business
Africa



Africa is the world’s least vaccinated continent and it has also been the origin of a number of coronavirus variants: the beta mutation found in South Africa, eta from Nigeria and most recently C.1.2, again from South Africa.
Now, scientists say they have found a possible reason. Africa is also home to the most immunocompromised people.
A study of an HIV-positive woman in South Africa showed that she harbored the coronavirus for 216 days, during which time it mutated considerably. In fact, 30 times, Tulio de Oliveira, a bioinformatics professor who runs gene-sequencing institutions at two South African universities, said at an immunology conference. 

South Africa has the world’s biggest HIV epidemic, with an estimated 8.2 million people infected with the virus that can cause the immune disease AIDS. 

While most take antiretrovirals, which keep that pathogen in check, many do not. 

And neighboring countries such as Botswana, Zimbabwe and Eswatini also have very high HIV infection rates.
Throughout the continent the burden of disease is higher than in countries in most parts of the world. 

Diseases such as tuberculosis are rampant, and extreme poverty means that millions are in ill health and have little ability to fight off infections. 

The longer Covid-19 persists in its host, the longer it sheds, or reproduces, and that’s when it mutates.
“There is good evidence that prolonged infection in immunocompromised individuals is one mechanism for the emergence” of Covid-19 variants, de Oliveira said.
“People who are immunocompromised shed for much longer. Viral evolution happens when you are shedding,” says Glenda Gray, the president of the South African Medical Research Council.  

“Speed and coverage is important to make sure that people who are HIV-positive are getting vaccinated.”

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The popular Junta members scoffed at ECOWAS freezing of their financial assets. They stated that the only financial assets they have are their government salary accounts in-country So much for sanctions! @Ejodhi1
Africa



The popular Junta members scoffed at ECOWAS freezing of their financial assets. They stated that the only financial assets they have are their government salary accounts in-country and that they have no intention to travel outside Guinea. So much for sanctions!

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The Petitioners who filed the anti BBI cases saved Kenyans KES 30 Billion referendum cost & more than KES 300 Billion per electoral cycle in terms of future costs @miruruwaweru
Law & Politics


The Petitioners who filed the anti BBI cases saved Kenyans KES 30 Billion referendum cost & more than KES 300 Billion per electoral cycle in terms of future costs of maintaining new executive offices, 70 new MPs, over 350 new MCAs,  ombudsman office & other wasteful costs

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by Aly Khan Satchu (www.rich.co.ke)
 
 
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September 2021
 
 
 
 
 
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