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Satchu's Rich Wrap-Up
 
 
Wednesday 12th of August 2020
 










Shark Not Seen for Over 100 Years Rediscovered in 'Land of the Lost' @Newsweek
Africa


A shark lost to science for nearly 120 years has been rediscovered off the coast of South Africa, wildlife biologist and TV presenter Forrest Galante said

An upcoming documentary entitled Extinct or Alive: Land of the Lost Sharks features footage of the animal, the flapnose houndshark, as well as two other lost species—the whitetip weasel shark and ornate sleeper-ray.

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While it took 6mths after virus first surfaced to reach 10m infections, spread has steadily accelerated since then, taking little more than 6 weeks to double that total, BBG calculated @Schuldensuehner
Misc.

Global Coronavirus infections surpass 20million people, resulting in upwards of 700,000 deaths. While it took 6mths after virus first surfaced to reach 10m infections, spread has steadily accelerated since then, taking little more than 6 weeks to double that total, BBG calculated

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Russia clears virus vaccine despite scientific skepticism @AP #COVID19
Misc.




Russia on Tuesday became the first country to clear a coronavirus vaccine and declare it ready for use, despite international skepticism. 

President Vladimir Putin said that one of his daughters has already been inoculated.

Putin emphasized that the vaccine underwent the necessary tests and has proven efficient, offering a lasting immunity from the coronavirus. 

However, scientists at home and abroad have been sounding the alarm that the rush to start using the vaccine before Phase 3 trials — which normally last for months and involve thousands of people — could backfire.

Speaking at a government meeting Tuesday, Putin said that the vaccine has undergone proper testing and is safe.

“I know it has proven efficient and forms a stable immunity, and I would like to repeat that it has passed all the necessary tests,” he said. 

“We must be grateful to those who made that first step very important for our country and the entire world.”

The Russian leader added that one of his two adult daughters has received two shots of the vaccine. “She has taken part in the experiment,” Putin said.

Putin said that his daughter had a temperature of 38 degrees Celsius (100.4 Fahrenheit) on the day of the first vaccine injection, and then it dropped to just over 37 degrees (98.6 Fahrenheit) on the following day. 

After the second shot she again had a slight increase in temperature, but then it was all over.

“She’s feeling well and has high number of antibodies,” Putin added. He didn’t specify which of his two daughters — Maria or Katerina — received the vaccine.



Conclusions



They have a huge number of scientists operating in this space and plenty of experience in the Field. 

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Currency Markets At A Glance WSJ
World Currencies


Euro 1.1748

Dollar Index 93.861

Japan Yen 106.80

Swiss Franc 0.9163

Pound 1.3049

Aussie 0.7127

India Rupee 74.8625

South Korea Won 1184.87

Brazil Real 5.3829

Egypt Pound 15.9809

South Africa Rand 17.4855

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1/12 A idealização do sucesso econômico Chinês sempre foi uma grande farsa. @TaviCosta
China


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.


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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5/12 Observem também o atual sistema financeiro da China, que se assemelha aos bancos americanos no período que antecedeu o estouro da bolha imobiliária de 2008. Seus balanços de ativos bancários representam hoje mais de 300% do PIB anual.
World Of Finance

5/12 Also look at China's current financial system, which resembles American banks in the period before the 2008 housing bubble burst. Its bank asset balance sheets now represent more than 300% of annual GDP.

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6/12 Um extremismo de alavancagem no sistema bancário jamais visto na história. Empiricamente, esses desequilíbrios de crédito entre países emergentes se desdobram de diferentes formas.
China


6/12 An extremism of leverage in the banking system never seen in history. Empirically, these credit imbalances among emerging countries unfold in different ways.

7/12 Algumas vezes os câmbios desvalorizam, mas o mercado de ações pode até mesmo apreciar domesticamente. Mas algo que identificamos durante a história de tais eventos é que o preço do ouro, em termos da moeda local, tende a valorizar-se.

7/12 Sometimes exchange rates devalue, but the stock market can even appreciate domestically. But something we've identified during the history of such events is that the price of gold, in terms of the local currency, tends to appreciate.

8/12 A falta de demanda sobre a moeda chinesa apenas agrega ao problema. Sua analogia perfeita seriam as notas fictícias de um simples jogo imobiliário. Nenhuma empresa hoje optaria por receber pagamentos em yuan se pudesse receber em dólares.

8/12 The lack of demand on the Chinese currency only adds to the problem. Its perfect analogy would be the fictional notes of a simple real estate game. No company today would choose to receive payments in yuan if it could receive in dollars.

9/12 Faça essa mesma pergunta à você mesmo. Qual moeda preferiria? Nem mesmo a Arábia Saudita ou Rússia tem interesse em exportar petróleo para a China em troca da moeda local.

9/12 Ask yourself the same question. Which currency would you prefer? Not even Saudi Arabia or Russia has an interest in exporting oil to China in exchange for local currency.

10/12 Investidores estão começando a discernir a falta de transparência do governo comunista chinês e a desconexão entre a realidade e narrativa otimista anteriormente imposta. Cada vez mais empresas vão optar por outros meios de produção além da mão de obra Chinesa.

10/12 Investors are beginning to discern the Chinese Communist government's lack of transparency and the disconnect between reality and the previously imposed optimistic narrative. More and more companies will opt for other means of production in addition to Chinese labor.

11/12 Essas mudanças se iniciaram há alguns anos e se intensificaram recentemente. Fiquem atentos aos impactos econômicos que serão causados caso isso prosseguir. Como gestor, minha posição é simples.

12/12 These changes began some years ago and have intensified recently. Be aware of the economic impacts that will be caused if this continues. As a manager, my position is simple.


12/12 Acredito que o preço do ouro apreciará não apenas em dólares mas, principalmente, com relação as moedas mais supervalorizadas do mundo. Acompanhe ouro em yuan, penso que essa seja uma das melhores oportunidades de compra no mercado hoje.

12/12 I believe that the price of gold will appreciate not only in dollars, but mainly in relation to the most overvalued currencies in the world. Track gold in yuan, I think this is one of the best buying opportunities on the market today.


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27-JUL-2020 :: US China ‘’Tit for Tat’’ went ‘’Rat a Tat Tat’’
Law & Politics


"Today we sit wearing masks and watching the pandemic’s body count rise because the CCP failed in its promises." - @SecPompeo

The universe is a dark forest. Every civilization is an armed hunter stalking through the trees like a ghost ... trying to tread without sound ... The hunter has to be careful, because everywhere in the forest are stealthy hunters like him.

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#Brazil 3.05M #COVID19 cases most in South America followed by #Peru (483k), #Columbia (410k), #Chile (376k), & #Argentina (260k) @jmlukens
Emerging Markets

#Brazil 3.05M #COVID19 cases most in South America followed by #Peru (483k), #Columbia (410k), #Chile (376k), & #Argentina (260k). #Venezuela and #Paraguay average growth rate >3.5%. #Ecuador, #Uraguay, & Chile average growth rate <1.2%.

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Africa is entering a Fast Growth ‘’escape’’ velocity Phase #COVID19
Africa

On February 14, the first case of Covid-19 in Africa was confirmed in Egypt. 

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The SARB bought just Rs 2.5bn of govies in July. No clear central bank assist to fiscal policy here. @SergiLanauIIF
World Of Finance

The only route left to finance a deficit of ~ 14% of GDP is incentives to the local financial system to buy unprecedented amounts of bonds.

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by Aly Khan Satchu (www.rich.co.ke)
 
 
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August 2020
 
 
 
 
 
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