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Satchu's Rich Wrap-Up
 
 
Wednesday 09th of September 2020
 
Morning
Africa
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Macro Thoughts
Africa
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Bonds and stocks now the most expensive ever, according to this chart by Deutsche Bank's Jim Reid. @ReutersJamie
World Of Finance

Aggregated 15 DM country average nominal bond yields and equity percentile valuations 

(100% = most expensive; 0% cheapest) over last 160 years.



The Viral Moment
World Of Finance


Overheated speculation in the options market continued last week as retail bought record amounts. Normally a big sell signal ...@biancoresearch
World Of Finance


08-JUN-2020 :: Anybody can be decisive during a panic It takes a strong Man to act during a Boom.
World Of Finance


Explore sixty years of work by influential American artist, Ed Ruscha Alternative Las Vegas
Misc.


“The businessman bought at ten and was happy to get out at twelve; the mathematician saw his ten rise to eighteen, but didn’t sell because he wanted to double his ten to twenty.”
World Of Finance


.@Tate
Misc.


Home Thoughts
Africa
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When Martin Creed was questioned about this work's meaning, he replied: 'It means everything is going to be all right.' @Tate
Misc.


Female surfer is dragged away by hazmat-wearing officials and arrested on Spanish beach after going in the sea while infected with Covid-19 @MailOnline
Misc.


Share of young adults now living with their parents has hit Great Depression era levels— @pewresearch @LizAnnSonders
Misc.


The Way We Live Now
World Of Finance


The story of Guillaume Le Gentil, the astronomer who spent 8 years of his life on a quest to observe the transit of Venus, during which he was declared legally dead and his wife remarried @Rainmaker1973
Misc.

The story of Guillaume Le Gentil, the astronomer who spent 8 years of his life on a quest to observe the transit of Venus, during which he was declared legally dead and his wife remarried, only for the sky to end up being cloudy on the day of the transit 



#sunset #Lahore @_mwaseem_ H/T @SonyaKassam Stunning sunset in Lahore
Misc.


A Luminous and Fairy Tale Feel
World Of Finance


The lockdown path. That path along the bed of the Thames in Chiswick was created during lockdown by the number of people socially distancing from those on the towpath and it survived each high tide. @London_W4
Misc.


It's now disappeared as people come together again on the towpath. Gone forever



Sunset Mombasa @MihrThakar
Africa


The Hollow Men Mistah Kurtz — he dead A penny for the Old Guy
Africa


Between the desire And the spasm 

Between the potency And the existence 

Between the essence And the descent

Falls the Shadow

For Thine is the Kingdom



The ghazal the pir said would immortalise her. @manishgaekwad
Misc.



Bibbi sang full-throated for one last time. Zohra’s handkerchief sat beside her.

Four days after the mehfil, Bibbi dreamt she was with her twin sister in heaven.



(Gilgamesh to Enkidu, Tablet III of the Old-Babylonian version)
Misc.

"Who is there, my friend, can climb to the sky? 

Only the gods dwell forever in sunlight. 

As for man, his days are numbered, 

whatever he may do, it is but wind."

(Gilgamesh to Enkidu, Tablet III of the Old-Babylonian version)



Political Reflections
Law & Politics
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The day after the government announces that it intends to break the law. @Frances_Coppola
Law & Politics


Home Sec promises to crack down on law breaking Extinction Rebellion @paullewismoney
Law & Politics


A little while ago .. the president #الأسد He receives a Russian delegation headed by Mr. Yuri #بوريسوف The Deputy Prime Minister, and Mr. Sergey #لافروف Minister of Foreign Affairs. @Presidency_Sy
Law & Politics


5 OCT 15 :: UNGA, where Putin set out his stall and I quote: ‘’I cannot help asking those who have caused the situation, do you realise now what you’ve done?’’
Law & Politics


Lavrov said: “If it looks like a terrorist, if it acts like a terrorist, if it walks like a terrorist, if it fights like a terrorist, it’s a terrorist, right?”
Law & Politics


Positivity rate by age, in the Marseille region @vincentglad
Misc.

Useful illustration of how a rise in SARS-CoV-2 positivity in younger groups can soon become a rise in older groups. @AdamJKucharski



Year of the Virus
World Of Finance


International Markets
World Of Finance
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Currency Markets at a Glance WSJ
World Currencies


Euro 1.1771

Dollar Index 93.533

Japan Yen 105.91

Swiss Franc 0.9181

Pound 1.2946

Aussie 0.7225

India Rupee 73.5915

South Korea Won 1187.62

Brazil Real 5.3624

Egypt Pound 15.79

South Africa Rand 16.89

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Dollar Index Chart @SuperBitcorn 93.502
World Currencies


Euro versus the Dollar 3 Month Chart 1.1772
World Currencies
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Tesla Parabolic trend and Base line support broke. Road to Perdition @sunchartist
World Of Finance


@TheStalwart I mean
Misc.


Commodities
Commodities
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Commodity Markets at a Glance WSJ
Commodities
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Gold 6 month INO 1931.50
Commodities
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Brent's fallen 11% in the past week and is now approaching $40 a barrel. @PaulWallace123
Minerals, Oil & Energy


Cal-21 #WTI is down $2.80 which is a bigger event that spot down $3.20. First time in a while gamma hedging is kicking in exacerbating the price move, vega spiking too - @IliaBouchouev
Minerals, Oil & Energy

Cal-21 #WTI is down $2.80 which is a bigger event that spot down $3.20. First time in a while gamma hedging is kicking in exacerbating the price move, vega spiking too - there are still chunky cal-21 $40 puts on banks' books that must be tightly managed. 



COVID-19 and a Rolling Sudden Stop
Misc.


Emerging Markets
Emerging Markets
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India now decisive global hotspot in terms of new #COVID19 case growth—adding far more on daily basis than other countries topping list @JohnsHopkins @Bloomberg @LizAnnSonders
Misc.


10-MAY-2020 :: #COVID19 and the Spillover Moment
Misc.


Sub Saharan Africa
Africa
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8 September 2020 as of 6PM EAT #COVID19 update in Africa Total cases 1, 307, 444 Total deaths 31, 520 & Recoveries 1, 045, 575 @AfricaCDC
Africa


Over 1.3 million confirmed #COVID19 cases on the African continent - with more than 1 million recoveries & 31,000 deaths cumulatively. @WHOAFRO
Africa


Africa Elections @NathanHayesEIU
Africa


Hugh Masakela said ''I want to be there when the People start to turn it around''
Africa


At Bole Airport this morning in Addis Ababa, three local reporters, myself, and other members of the public boarding a flight to Mekele were prevented from traveling by National Intelligence and Security Service. @MarksSimon
Africa

At Bole Airport this morning in Addis Ababa, three local reporters, myself, and other members of the public boarding a flight to Mekele were prevented from traveling by National Intelligence and Security Service. Phones and laptops confiscated, social media accounts scrutinized.



14-OCT-2019 :: @PMEthiopia a fiendishly complicated task fending off the centripetal forces which are tearing Ethiopia apart
Law & Politics


02-JUL-2018 :: He said “The ppl of Tigray are still begging for a drop of water; TPLF (the party) is not the people of Tigray”.
Africa


IMPORTANT NOTICE: REQUEST FOR SECURITY HOLDINGS INFORMATION To the holders of the securites issues by the Republic of Zambia
Africa


Description

Series

ISIN

CUSIP/ Common Code

The Republic of Zambia   5.375%  20-Sep-2022

Reg S

XS0828779594

082877959

144A

US988895AA69

988895AA6

The Republic of Zambia   8.5% 14-Apr-2024

Reg S

XS1056386714

105638671

144A

US988895AE81

988895AE8

The Republic of Zambia   8.97%  30-Jul-2027

Reg S

XS1267081575

126708157

144A

US988895AF56

988895AF5

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December 9, 2019 They are still popping Quaaludes in Lusaka.
Africa


South Africa’s economy contracted by 51% in Q2:2020. @StatsSA
Africa


#SouthAfrica #GDP plunged 51% in Q2; #manufacturing industry contracted by 74,9%; trade, #catering and #accommodation industry decreased by 67,6% ~ @ITOnlineSA
Africa


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


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


Agriculture is the only sector that saw growth. @DJMrichoSA
Africa


5 March 2020 Debt, virus and locusts create a perfect storm for Africa @TheAfricaReport
Africa
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While not the worst we have seen, SA's Q2 GDP decline of 51% (annualised) ranks among the most severe globally. @hugopien
Africa

A particularly strict lockdown and pre-COVID vulnerabilities helps to explain this. Level of SA GDP 8.7% lower in first 6 months of '20 compared to same period in '19.



Anyone know what is going on here? @davidpilling Cadres waiting for SAA bailout money to arrive @Pol_Sec_Analyst
Africa


Angola's state auditor said some government-owned companies were a net drain on the finances of sub-Saharan Africa's third-biggest economy while Sonangol failed to report its results Angop reported @ReutersAfrica
Africa
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Fitch desce rating de Angola para CCC indicando possível 'default' @zecarloscosta
Africa


South Africa All Share Bloomberg
Africa
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Dollar versus Rand 6 Month Chart INO 16.8694
World Currencies
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Egypt Pound versus The Dollar 3 Month Chart INO 15.8026
World Currencies
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Egypt EGX30 Bloomberg
Africa
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Nigeria All Share Bloomberg
Africa
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Ghana Stock Exchange Composite Index Bloomberg
Africa
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Whatever happened to Covid Organics tonic shilled by Madagascar Pres Rajoelina and sent to mainland African countries? @hallaboutafrica
Africa

Other than we learned the Russians were behind it in a scheme to pit African countries against the WHO?



Angela Merkel: “You cannot fight the pandemic with lies and disinformation...the limits of Populism are being laid bare.”
Africa



States with such rulers can get “seized by senility and the chronic disease from which [they] can hardly ever rid [themselves], for which [they] can find no cure”

To thwart calamities, rulers should possess certain qualifications. Khaldun recognizes wisdom, logic, honesty, justice and education as the most desirable qualities in a ruler.

The Correlation between the Case Load and Populism has a stupendously high correlation coefficient.

political decision-making is now driven by often weaponized babble. @FukuyamaFrancis

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Kenya
Africa
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Kenya borrowed Sh4.5 billion every 24 hours in the first three months of the Covid-19 pandemic, in a debt accumulation spree rarely witnessed in any East African country. @MzalendoWatch
Kenyan Economy


Conclusions



reckless behaviour. 



The @EU_Commission and @eu_eeas (#EEAS) have not demonstrated that European Development Fund (#EDF) aid to 🇰🇪 #Kenya between 2014 and 2020 addressed the country’s #development obstacles and focused on reducing #poverty @EUauditors
Africa

The @EU_Commission  and  @eu_eeas  (#EEAS) have not demonstrated that European Development Fund (#EDF) aid to 🇰🇪 #Kenya between 2014 and 2020 addressed the country’s #development obstacles and focused on reducing #poverty, according to our new report 👇



EU development aid to Kenya needs better targeting to make an impact
Kenyan Economy

Projects funded under the previous 2008-2013 EDF delivered outcomes as expected, but have not had a visible impact on Kenya’s overall economic development. The auditors now call on the EU to rethink its approach to allocating development aid.

EU development aid is aimed at reducing and ultimately eradicating poverty in the supported countries by incentivising good governance and sustainable economic growth. The EDF is Kenya’s main source of EU funding. The aid received by the country under the 11th EDF, between 2014 and 2020, amounted to €435 million, around 0.6 % of its tax revenue. The auditors examined whether the Commission and the EEAS had targeted it effectively towards where it could contribute most to reducing poverty.

“We did not see sufficient evidence that aid under the 11th EDF is channelled to where it can do most to reduce poverty,” said Juhan Parts, the ECA Member responsible for the report. “Job creation is the most effective and sustainable way to reduce poverty, so EU funds should primarily be focused on economic development.”

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South Africa's Shoprite Holdings said on Tuesday it expected to close or dispose of its remaining two stores in Kenya leaving the East African country after opening its first store there more than two years ago.
Kenyan Economy
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Daily hit rate of samples tested 5.92%, which is ABOVE the weekly hit rate of 4.42% in the week ended 7th Sept @MihrThakar
Misc.


Kenya Shilling versus The Dollar Live ForexPros 108.45
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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