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Satchu's Rich Wrap-Up
 
 
Friday 25th of September 2020
 
Afternoon
Africa
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Macro Thoughts
World Of Finance
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It's a Bird... It's a Plane... It's SuperRishi to the pound's rescue $GBP @VPatelFX
World Of Finance


$GBPUSD 15min Chart @FXPIPTITAN 1.2790
World Currencies


who blinks first: Fed or Congress. @zerohedge
World Of Finance


The virus is not correlated to endogenous market dynamics but is an an exogenous uncertainty that remains unresolved #COVID19
World Of Finance


Home Thoughts
Africa
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The "new normal" may be a world where every single human being wears masks in public. FOREVER. @MihrThakar
Misc.


The Way We Live Now
World Of Finance


Diani anytime and @BaobabBeachRnS it is @mohammedhersi
Tourism, Travel & Transport


Hard-hitting coronavirus advert shows how virus can spread in the home @MENnewsdesk
Misc.
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Coronavirus is exponential, non linear and multiplicative.
Misc.


“Everybody, everybody everywhere, has his own movie going, his own scenario, and everybody is acting his movie out like mad, only most people don’t know that is what they’re trapped by, their little script.” ―
Misc.


Never believe the story until it is officially denied. @sunchartist
Misc.


Kongo river estuary in Diani, Kwale county. @kenyangeography
Africa

The relatively short river starts 20km away at Shimba Hills. 



Political Reflections
Law & Politics
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President Trump heckled by protesters as he pays respects to late justice Ginsburg @AFP
Law & Politics


02-JUN-2020 :: Fast Forward
World Of Finance


A woman named Jana enjoys a cigarette as she’s arrested by riot police in #Belarus. @Jake_Hanrahan
Law & Politics


"Do we have to stay in a cave until something pops up and says ‘now you’re safe?'" Prof Jean-Francois Toussaint @unherd
Law & Politics

Prof Jean-Francois Toussaint warns that we should be careful about placing too much faith in a vaccine on #LockdownTV



A Russian army T-72-B3 tank fires during military exercises at the Raevsky range during the "Caucasus-2020" military drills gathering. A picture by #AFP photographer @dilkoff
Law & Politics


"The goal of Russian disinformation is not to make you believe in anything, but to destroy your trust in everything." @WIRED
Law & Politics

Journalist Maria Ressa explains the real goal of disinformation operations—and how they're weakening democracy: 



22-JUN-2020 :: Whoever Controls The Narrative Controls The World
Law & Politics

I thought to myself This all has the Imprimatur of the "political technologist of all of Rus." And non linear War Specialist Vladislav Surkov.


Putin's system was also ripe for export, Mr Surkov added. Foreign governments were already paying close attention, since the Russian "political algorithm" had long predicted the volatility now seen in western democracies.

With a flourish he sponsored lavish arts festivals for the most provocative modern artists in Moscow, then supported Orthodox fundamentalists, dressed all in black and carrying crosses, who in turn attacked the modern-art exhibitions. @TheAtlantic

"It was the first non-linear war," writes Surkov in a new short story, "Without Sky," published under his pseudonym and set in a dystopian future after the "fifth world war":


"My portfolio at the @KremlinRussia_E and in government has included ideology, media, political parties, religion, modernization, innovation, foreign relations, and ..." - here he pauses and smiles - "modern art."

A ceaseless shape-shifting that is unstoppable because it is undefinable Adam Curtis


The underlying aim, Surkov says, is not to win the war, but to use the conflict to create a constant state of destabilised perception, in order to manage and control




A decade of "semiotic arousal" when everything, it seemed, was a sign, a harbinger of some future radical disjuncture or cataclysmic upheaval.
Misc.


Europe/UK now @biancoresearch
World Of Finance


Year of the Virus
World Of Finance


The Netanyahus regularly bring suitcases of dirty laundry on White House visits, to be cleaned 'free of charge by U.S. staff' - American officials tell the Washington Post @haaretzcom
Law & Politics


Currency Markets at a Glance WSJ
World Currencies


Euro 1.1676

Dollar Index 94.261

Japan Yen 105.27

Swiss Franc 0.9261

Pound 1.2791

Aussie 0.7081

India Rupee 73.6476

South Korea Won 1170.415

Brazil Real 5.5095

Egypt Pound 15.7784

South Africa Rand 16.8429

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$DXY: US Dollar 5-Day Chart: Expecting the US dollar to break below 89.96 between now and Dec 31st. @FXPIPTITAN 94.25
World Currencies


27-JUL-2020 :: Drinking the Kool-Aid Conclusions Euro 1.25 $DXY < 90.00
World Of Finance


$EURUSD 15min Chart: @FXPIPTITAN 1.1682
World Currencies


Waiting for tourists in southern Spain’s ghost coast Over 80% of hotels on the Málaga beachfront have closed @elpaisinenglish
Tourism, Travel & Transport

Sheets cover the lobby furniture and a deadly silence pervades the empty restaurant of the Hotel Amaragua. Outside, someone is removing the leaves that have fallen into the enormous swimming pool that is bereft of bathers, while the usual sun loungers have been stacked.


The deserted facilities at the hotel, which is one of the biggest in Torremolinos, a popular resort in Spain’s Málaga province bring to mind scenes from a horror movie. But this is not fiction; it’s a reality in which around 80% of the Costa del Sol’s hotels have closed their doors, without knowing when they might reopen.

“It’s horrific!” says Miguel Sánchez, founder of the MS hotel chain that owns the Amaragua. In 2019, they had 603 guests here at this time of the year. Today, as they close for the first time in 25 years, they have none. Like so many others, it has become a ghost hotel.


The knock-on effect means that, besides hotels, the entire tourist ecosystem, including beach bars, ice cream parlors, car rentals and souvenir shops, is teetering on the edge of disaster. 

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22-MAR-2020 :: Tourism is stopped out in 2020 #COVID19 [I feel behavior and consumption of Tourism is set to change more permanently]
Tourism, Travel & Transport


Income earned by workers around the world fell 10% in the first nine months of 2020 due to COVID—a loss worth $3.5 trillion, or 5.5% of global GDP. -ILO via Financial Times @ianbremmer
World Of Finance


24-FEB-2020 :: a “V- shaped” recovery #COVID19 is a FANTASY
World Of Finance


'Black Swan' Investor Nassim Taleb on Covid Misconceptions, Fed Policy, Inflation
World Of Finance
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All #Ponzi schemers enter a phase of denial @nntaleb
World Of Finance
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Connectivity increases fattailedness. @nntaleb 16-FEB-2020 :: "viruses exhibit non-linear and exponential characteristics" #COVID19
World Of Finance


Evergrande 2021 bonds @Birdyword
World Of Finance


Commodities
Commodities
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Commodity Markets at a Glance WSJ
Commodities
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The purest geopolitical proxy in the markets is Gold. As Ben Bernanke once said People hold gold "As protection against what we call tail risks: really, really bad outcomes."
Commodities


Is It Safe? - Marathon Man
World Of Finance
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Judging by the increase in money supply and currency debasement, silver dips, just like gold, seem to be a long-term opportunity. @dlacalle_IA
Commodities


Drinking The Kool Aid
World Of Finance


I posted $1865 was major support in $GOLD this has been the battleground for the past 24hrs. This is a textbook backtest of the trendline the triggered the July melt-up. @AdamMancini4
Commodities

Bulls can set an interim low here but they need to get moving - fail of this zone and we see $1795-$1800



Gold 6 month INO 1871.90 [Buy for the Trade of the Year]
Commodities
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Crude Oil 6 Month Chart INO 40.48
Commodities
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Emerging Markets
Emerging Markets
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*TURKEY'S CENTRAL BANK RAISES ONE-WEEK REPO RATE TO 10.25% @VPatelFX
Emerging Markets

Woah. 200bps increase - wasn't expected by most. Not sure if Ankara will have given seal of approval here. 

But this is a strong step to trying to circuit-break $TRY depreciation / high inflation negative feedback loop



Sub Saharan Africa
Africa
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France opens probe into BNP Paribas bank over crimes against humanity in Sudan: sources @AFP
Africa


10-JUN-2019 :: The "zeitgeist" of the Revolution in Khartoum was intoxicating
Africa


Take a virtual stroll through Cape Town as it was in 1862 @TimesLIVE
Africa


''You felt the land taking you back to what was there a hundred years ago, to what had been there always.”
Africa


Twasebana nafuti. The result of corrupt and visionless Mwankoles managing our economy. @HHichilema
Africa


14-OCT-2019 :: Ozymandias The Canary in the Coal Mine is Zambia.
Africa


''Rising pressure on African govt caused by the coronavirus pandemic is weighing on the domestic banks. This is because the creditworthiness of the banks is inextricably linked to the financial strength of the govt'' @MoodysInvSvc @FrontierAFR
Africa


''Rising pressure on African govt caused by the coronavirus pandemic is weighing on the domestic banks. This is because the creditworthiness of the banks is inextricably linked to the financial strength of the govt in the country where they are based.'' @MoodysInvSvc



02-MAR-2020 The #COVID19 and SSA and the R Word
Africa


'African banks are heavily invested in government bonds. African banks hold government debt that typically exceeds 1.5x to 2x their equity. A government default would therefore take a significant toll on the banks'', @MoodysInvSvc @FrontierAFR/
Africa


December 9, 2019 Time to Big Up the Dosage of Quaaludes
Africa


South Africa All Share Bloomberg
Africa
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Dollar versus Rand 6 Month Chart INO 16.82
World Currencies
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Egypt Pound versus The Dollar 3 Month Chart INO 15.7784
World Currencies
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Egypt EGX30 Bloomberg
Africa
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Nigeria is still in a tough spot: wide current account deficit, capital controls and possibly needing more devaluation. @SergiLanauIIF
Africa

At least from here oil output increases a bit according to the OPEC agreement but policy adjustment is unavoidable.



5 March 2020 Debt, virus create a perfect storm for Africa @TheAfricaReport
Africa
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Nigeria All Share Bloomberg
Africa
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Many injured as gas tanker explodes in Iju area of Lagos @ARISEtv
Africa


Ghana Stock Exchange Composite Index Bloomberg
Africa
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#ImaOgide Waxaan Ahay (You don’t know me, but..) VIDEO PREMIERE Follow their journey here @XtremelySomalia @ArtchSomalia
Africa

Introducing Extremely Together Somalia - a group of youth in #Somalia fighting for peace all while smashing every stereotype you may have heard about somali youth.



Kenya
Africa
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Had a quick go at copying @undertheraedar's excellent population density maps for Kenya @GwiliGibbon
Africa


@BD_Africa reports another setback for the Lamu Coal Power Plant as #GE withdraws construction of the plant @R_Kibugi
Kenyan Economy


Kenya Shilling versus The Dollar Live ForexPros 108.50
World Currencies
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Nairobi All Share Bloomberg
N.S.E General
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Nairobi ^NSE20 Bloomberg
N.S.E General
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Every Listed Share Can Be Interrogated Here
N.S.E General
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by Aly Khan Satchu (rich.co.ke)
 
 
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