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Satchu's Rich Wrap-Up
 
 
Thursday 08th of October 2020
 
Morning
Africa
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Macro Thoughts
World Of Finance
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% of the total M2 in USD created over the past 12 months on a running basis. 2020 is crazy. @AndreasSteno
World Of Finance


08-JUN-2020 :: EXPECT MORE BRRR!
World Of Finance


22% of all US Dollars were created in 2020 @rulesofthetrade
World Of Finance


The V shaped recovery is so strong that the airlines need to be bailed out (again), consumers need $1,200 stimulus checks and rates have to remain at zero for years. Other than that the economy is fantastic. @NorthmanTrader
World Of Finance


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


The often-repeated V-shaped recovery is turning more like an L @dlacalle_IA
World Of Finance


Home Thoughts
Africa
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'You felt the land taking you back to what was there a hundred years ago, to what had been there always.” ― V.S. Naipaul, A Bend in the River
Africa



“Going home at night! It wasn't often that I was on the river at night. I never liked it. I never felt in control. In the darkness of river and forest you could be sure only of what you could see — and even on a moonlight night you couldn't see much. When you made a noise — dipped a paddle in the water — you heard yourself as though you were another person. The river and the forest were like presences, and much more powerful than you. You felt unprotected, an intruder ... You felt the land taking you back to something that was familiar, something you had known at some time but had forgotten or ignored, but which was always there.You felt the land taking you back to what was there a hundred years ago, to what had been there always.” ― V.S. Naipaul, A Bend in the River






This is Scar, a resident of Masai Mara. spotted by Wildlife photographer, Marlon du Toit in June 2019 Photo Credit : David Lloyd Wildlife Photography. @Eddykimani
Africa


Nothing in front of us but the road to the Mara crossing through Maasai country @MaraFairmont #Fairmontexplorer
Africa


"Orishas Marinos" by Cuban #painter Aconcha Sanz y Averhoff aka ©Aconcha @rindille_
Misc.


Arundhati Roy: 'The pandemic is a portal' @FT
Misc.

 In this time, as the coronavirus pandemic burns through us, our world is passing through a portal. We have journeyed to a place from which it looks unlikely that we can return 

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wongsusie @withnomoney
Misc.


"Disturbing and thought-provoking, A Clockwork Orange is a cold, dystopian nightmare with a very dark sense of humor"
Misc.
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Political Reflections
Law & Politics
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And now he’s lobbying for exactly what Nancy agreed to with Mnuchin.. stimulus, airlines and PPP without the addons... this is just DC theater from a chaos candidate that revels in it . @amlivemon
Law & Politics


President Trump is being treated for COVID-19 with a steroid that is recommended for severe cases of the illness and that comes with risks of serious side effects, including mood swings, aggression and confusion @Reuters
Law & Politics


In addition, side effects can include physical problems such as blurred vision and irregular heartbeat, as well as personality changes and difficulty thinking, according to the International Myeloma Foundation.


“Steroids are always very dangerous medications to use,” said Edward Jones-Lopez, an infectious disease specialist at the University of Southern California in Los Angeles.

“That is why it (dexamethasone) is used in severe to critical patients... There can be neuropsychiatric side effects. These are medications that we use very, very carefully.”


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A Non Linear and exponential Virus represents the greatest risk to a Control Machine in point of fact #COVID19.
World Of Finance


To watch the Daily Briefing is to understand that the Control Machine has a Novice, a hubristic Ignoramus in charge of the Console
Law & Politics


Whoa, they had 130 billion data points on US voters! That's nearly 1,000 for everyone who voted in 2016. @Breza
Law & Politics


“It’s no use fighting elections on the facts; it’s all about emotions.”
Law & Politics


“So the candidate is the puppet?” the undercover repor- ter asked. “Always,” replied Nix.
Law & Politics

Psychographic profiling and micro-targeting at a mass scale



The investigative long tail of the Cambridge Analytica scandal is slowly coming to its end. The British data rights regulator, the @ICOnews has released its final report. H/T @nickconfessore
Law & Politics


We concluded that SCL/CA were purchasing significant volumes of commercially available personal data (at one estimate over 130 billion data points), in the main about millions of US voters, to combine it with the Facebook derived insight information they had obtained from an academic at Cambridge University, Dr Aleksandr Kogan, and elsewhere.

22. What is clear is that the use of digital campaign techniques are a permanent fixture of our elections and the wider democratic process and will only continue to grow in the future. The COVID-19 pandemic is only likely to accelerate this process as political parties and campaigns seek to engage with voters in a safe and socially distanced way.

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COVID-19 infections are increasing in Russia, with 9,957 new infections reported on average each day. That’s 91% of the peak — the highest daily average reported on May 12. @ReutersGraphics
Misc.

There have been 1,237,504 infections and 21,663 coronavirus-related deaths reported in the country since the pandemic began.

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Coronavirus is exponential, non linear and multiplicative.
Misc.


24-FEB-2020 :: "The greatest shortcoming of the human race is our inability to understand the exponential function." - Professor Allen Bartlett
World Of Finance


COVID-19 Situation worsens in the US Reported new cases up 7% Every region of the country is up @euromaestro
Misc.


Europe as bad as the Americas now @fibke
Misc.


Year of the Virus
World Of Finance


Pandemic spinning out of control at the top of this list of EU27 countries @fibke
Misc.


Tracing backwards they think 3 diff strains were in Wuhan by Dec4, abt 1% diff from each other. @Gisaid H/T @Laurie_Garrett
Misc.



The good folks @Gisaid have nearly 140,000 #SARSCoV2 viruses genetically sequenced. If you go to their epi section: .there are some amazing findings. 

1.) Tracing backwards they think 3 diff strains were in Wuhan by Dec4, abt 1% diff from each other.



01-MAR-2020 :: The Origin of the #CoronaVirus #COVID19
Misc.


All of these leads me to suspect that there was a possible bio-containment failure at one of their labs around Sept-Oct 2019. Factor these: @TheSeeker268
Misc.

Mysterious blips in Google search for the terms Coronavirus and SARS, in Hubei province in September 2019



There was a tender for an "Emergency" purchase of virus detection kits in September last year. It contains orders for 40,500 PCR kits (including for Coronaviruses). @@TheSeeker268
Misc.


The only ‘’zoonotic’’ origin was one that was accelerated in the Laboratory #COVID19
Misc.


Showing 5112 of 5112 genomes sampled between Dec 2019 and Sep 2020. @Gisaid
Misc.
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Ethnic minorities dancing in Xinjiang. Only happy and carefree people can dance so beautifully. @ChinaAmbBelgium
China


Xinjiang is prototype for fully totalitarian state: Taiwan minister @audreyt @NAR
Law & Politics


Is It Safe? - Marathon Man
Misc.
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The World in the c21st exhibits viral, wildfire and exponential characteristics and feedback loops which only become obvious in hindsight.
World Of Finance


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


Euro 1.177385

Dollar Index 93.539

Japan Yen 105.969

Swiss Franc 0.91640

Pound 1.293705

Aussie 0.715455

India Rupee 73.3042

South Korea Won 1154.345

Brazil Real 5.612600

Egypt Pound 15.711726

South Africa Rand 16.598670



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Dollar Index Chart INO 93.548
World Currencies
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Euro versus the Dollar Chart 1.177315
World Currencies
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Commodities
Commodities
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Commodity Markets at a Glance WSJ
Commodities
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Gold 6 month INO 1888.325
Commodities
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Crude Oil Chart INO 40.01
Minerals, Oil & Energy
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Emerging Markets
Emerging Markets
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MUITO FELIZ de ser finalista do prêmio Vladimir Herzog com DUAS fotos ♡ @gabrielabilo1 [@jairbolsonaro]
Emerging Markets


"You shall know the truth and the truth shall set you free" @jairbolsonaro
Law & Politics
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A man rides a horse at sunset near the Pashtoon Pul in Injil district of Herat province, Afghanistan @AFP
Asia


Sub Saharan Africa
Africa
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CoViD19-ΛFЯICΛ: #OpenData Made in Africa Confirmed: 1 529 846 (+ 8906) Actives: 223 984 (+ 1965) 36 866 (+ 226) Recoveries: 1 267 658 (+ 6715) @NCoVAfrica
Africa


Daily statistics in Africa There have been at least 1,532,000 reported infections and 36,800 reported deaths caused by the novel coronavirus in Africa so far @ReutersGraphics
Africa



Africa is currently reporting a million new infections about every 89 days and has reported more than 1,532,000 since the pandemic began.


October 1st 8,254 new infections versus 19,659 new infections July 19th 



The African continent has passed 1.5 million confirmed #covid19 cases. @Covid_Africa
Africa


Countries reporting the most new infections each day * MOROCCO 2,295 SOUTH AFRICA 1,524 TUNISIA 874 ETHIOPIA 774 LIBYA 603 @ReutersGraphics
Africa


#COVID19 and SSA and the R Word
Africa


Africa ex South Africa Cumulative confirmed COVID-19 cases @Covid_Africa
Africa


According to World Bank, Sub-Saharan Africa’s gross domestic product is on track to shrink 3.3% this year,due to the combined effects of the disease and lower oil and commodities prices. @vincmlt
Africa

Growth of about 2.1% could follow in 2021 and 3.2% in 2022.  : Bloomberg



.@WorldBank Sees Sub-Saharan Africa GDP Rebounding in 2021 #AfricasPulse @economics
Africa



Sub-Saharan Africa will probably reverse an economic contraction next year as countries in the region begin to ease movement restrictions, even as the impact of the coronavirus will endure for years to come, according to the World Bank.

The pandemic has put “a decade of hard-won economic progress at risk,” the Washington-based lender said Thursday in its outlook for the region.

Sub-Saharan Africa’s gross domestic product is on track to shrink 3.3% this year, its worst performance on record, due to the combined effects of the disease and lower oil and commodities prices. 

Growth of about 2.1% could follow in 2021 and 3.2% in 2022, the bank said.

Still, the fallout of the pandemic remains hard to predict.

The lender’s baseline scenario assumes that the number of new infections will continue to slow and that fresh outbreaks won’t result in new lockdowns. 

If the outbreak is more prolonged or if there’s a second wave, sub-Saharan Africa’s economy may expand by only 1.2% in 2021 and 2.1% in 2022. 

By the end of 2021, the region’s real per-capita GDP may have regressed to 2007 levels, according to the report.

That’s likely to lead to long-term output losses “with the level of real per-capita GDP expected to contract by 2.1% and 5.1%,” confirming earlier forecasts that sub-Saharan Africa will suffer its first recession in a quarter of a century in 2020.

While East Africa and southern Africa are expected to experience slower growth in 2020 compared to West and central Africa, their economies may expand faster next year at 2.7%, versus 1.3% in West and central Africa.

To give Africa’s poorest countries some breathing room, the World Bank and the International Monetary Fund have proposed suspending debt servicing this year. 

However, that would address only a fraction of total debt, and debt relief from private creditors is likely needed as well, the bank said.

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14-OCT-2019 :: It seems to me that we are at a pivot moment and we can keep regurgitating the same old Mantras like a stuck record and if we do that this turns Ozymandias
Africa


09-DEC-2019 :: Time to Big Up the Dosage of Quaaludes
World Of Finance


The share of African countries with government interest payments relative to revenue above 30% is now higher than it was when Paris club creditors granted debt forgiveness to low-income countries at the start of the millennium. @africapractice
Africa


COVID-19, flooding and the locusts outbreak are creating a humanitarian crisis in Ethiopia with many people unable to meet their daily food needs. @RESCUEorg H/T @addisstandard
Africa


Addis Ababa, Ethiopia, October 7, 2020 — COVID-19, flooding and the locusts outbreak are creating a humanitarian crisis in Ethiopia with many people unable to meet their daily food needs.  

Recent heavy rainfall has led to flooding, resulting in destruction of crops, loss of livestock and displacement.  

Swarms of multiplying desert locusts have also been destroying pastures and crops, leading to further food insecurity.  

Some areas are recording admissions for severe acute malnutrition at 50% higher than for the same period last year.  

A massive twelve fold increase in Covid-19 cases between June and September is further compounding needs as families have been unable to obtain income or access food due to movement restrictions

Ethiopia currently holds the highest Covid-19 caseload in East Africa. 

The International Rescue Committee (IRC) is working to safeguard the lives of affected and at-risk communities from the COVID-19 pandemic by raising community awareness on COVID-19 risk factors, providing personal protective equipment, and building and installing water points to help people practice preventative methods. 

The IRC is assisting desert locust and flood-affected households with multi-purpose cash transfer and non-food items to fill food security gaps and provide relief.

Frank McManus, IRC Ethiopia Country Director says:

“The multiple issues of flooding, locusts, intercommunal violence and COVID-19 are highly concerning given the already massive humanitarian needs in the country.  The slowdown of the economy and lockdown restrictions mean that people have not been able to access income and there is an upward pressure on food prices. 

Over 19 million people are in need of humanitarian assistance in Ethiopia.

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Debt, virus and locusts create a perfect storm for Africa @TheAfricaReport
Africa


South Africa All Share Bloomberg
Africa
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Dollar versus Rand Chart INO 16.576490
World Currencies
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Egypt Pound versus The Dollar Chart INO 15.709900
World Currencies
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Egypt EGX30 Bloomberg
Africa
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December 9, 2019 Time to Big Up the Dosage of Quaaludes
World Of Finance


Nigeria Growth @Africa_Conf
Africa


Nigeria All Share Bloomberg
Africa
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Ghana Stock Exchange Composite Index Bloomberg
Africa
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Alaa Salah, known as the 'woman in white,' has come to symbolize for many the protests in Sudan that led to the ousting of former president Omar al-Bashir in 2019. Now, she's become a possible contender for the 2020 #NobelPrize @Reuters
Law & Politics


10-JUN-2019 :: The "zeitgeist" of the Revolution in Khartoum was intoxicating
Law & Politics


The ''Zeitgeist'' of a time is its defining spirit or its mood. Capturing the ''zeitgeist'' of the Now is not an easy thing because we are living in a dizzyingly fluid moment.
Africa


Kenya
Africa
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State of security: National Security Advisory Council issues warning over rising political tensions in Kenya. @NationAfrica
Law & Politics


The Interest on debt is higher than the wage Bill @DavidNdii via @ahmednasirlaw
Kenyan Economy


The interest expense is certainly going to hit Sh500bn this year @surambaya
Kenyan Economy


Kenya Shilling versus The Dollar Live ForexPros 108.550
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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