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I just love this - Would love to be there on that day one day 

Vanity[a] of vanities, says the Preacher,
vanity of vanities! All is vanity.
A generation goes, and a generation comes,
but the earth remains forever.
The sun rises, and the sun goes down,
and hastens[b] to the place where it rises.
What has been is what will be,
and what has been done is what will be done, and there is nothing new under the sun.
Is there a thing of which it is said,
“See, this is new”?
It has been already
in the ages before us.
There is no remembrance of former things, nor will there be any remembrance
of later things[d] yet to be
among those who come after.

Sitting here in Germany it’s shocking to be looking at the UK preparing for power cuts, soaring energy bills, food shortages, CO2 shortages, haulier shortages and the media still doing everything in its power to allow the govt to make out it’s Covid and not #BrexitChaos 

“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?"

The Virus remains unresolved.

A whistleblower leaked a 2018 Daszak funding proposal that details how he and Wuhan Institute of Virology would genetically engineer a “human-specific” furin cleavage site into bat coronaviruses–exactly what we see in the bat coronavirus that emerged in Wuhan in 2019

As a first step toward overcoming the shocking obfuscation & misinformation campaign, I call for Peter Daszak to immediately be removed from both @TheLancet #COVID19 commission & the @WHO convened int’l expert group on pandemic origins. Join me.

The @MarionKoopmans @Peterfoodsafety @WHO -convened int'l expert group on #COVID19 origins is in a real bind. If Peter Daszak disclosed DEFUSE, they are all complicit in this coverup. If he didn't, they should demand his removal for material nondisclosure.

Peter Daszak and the EcoHealth Alliance (EHA) proposed injecting deadly chimeric bat coronaviruses collected by the Wuhan Institute of Virology into humanised and “batified” mice.
The EHA / WIV proposal (named ‘DEFUSE’) was ultimately rejected for full funding (but leaving open the door for partial funding), in part because it mis-interpreted the GOF guidelines.
In other words, a branch of the federal government had already judged aspects of EHA’s research, and the corresponding shared research plan with the WIV, as falling under the definition of GOF, only for HHS to approve similar work without P3CO review in 2018 and 2019.

It is inevitable he will roll the dice on Taiwan and imminently.

You will all be no better than fields of garlic chives, giving yourselves up to being harvested by the blade of power, time and time again. @ChinaFile #COVID19 
[ “garlic chives,” Allium tuberosum, often used as a metaphor to describe an endlessly renewable resource.]
What is thriving, however, is all that ridiculous ―Red Culture and the nauseating adulation that the system heaps on itself via shameless pro-Party hacks who chirrup hosannahs at every turn @ChinaFile #COVID19

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

And when the Feedback Loop kicks in I expect it to kick big to the downside

Euro 1.1709
Dollar Index 93.349
Japan Yen 109.89
Swiss Franc 0.9259
Pound 1.3637
Aussie 0.7245
India Rupee 73.7615
South Korea Won 1178.145
Brazil Real 5.2891
Egypt Pound 15.7098
South Africa Rand 14.76

Invigorated fascist regime intent on rolling back capitalism, hammers its best wealth creation engines, outlaws credit scoring and now has to ponder whether to sacrifice its absurd GDP growth targets as they deal with an over indebted property sector. I'm loving their quandary.

Remember, it wasn't the Fed raising rates  2004-06 that crashed the global bank crash in 2008. NOPE. It was  private banks - actually it was JPM - reassessing their credit risk model. That did it in for LEH, and ushered in more than a decade of lean gdp growth in the West

I don't subscribe to the house of cards / everything crazy o/valued rhetoric of Fin Media. Mkts kind of close to right - imo - good collateral has replaced gold or fiat currency as base money and since the aforementioned crisis of 2008 there's been a shortage of good collateral.

Riskless and therefore scarce collateral has become priceless, and everything else, because it's useless as collateral, has probably become undervalued. Altho I hate that term. I was schooled to think, lowly rated. That's a term that'll keep you out of trouble.

It's why Fed lies about printing money. Modern credit system has no use for bank reserves. Try handing a DJ your favourite track on a cassette next time you're at a club. Bank reserves are not accepted as collateral. QE is not the solution. Modern credit creation needs collateral
Now if you got good collateral then the world's your oyster my boy ! But it has to be thought of as riskless. US T Bills...hell yeah! Gold...sure, Good, liquid corp debt ...why not, we'll give it a shot...and when fannies are really up they might even accept FANG type stocks ...

Markets pursue Disney outcomes right until the end... take your time or you're never gonna make it...Evergrande is clickbait. Change, even momentous, travels slow. Hell, Wells Fargo  peaked (!) only weeks before LEH collapsed. Vicarious happiness bumps prevail until they don't.

Chuckle don't gloat when the FT quotes experts saying that unless regulators seriously mismanage it, a systemic crisis in China is unlikely. Sigh when they publish BIG asset managers telling you how better placed China is via RoW. And copiously study global deflationary trades.

In my opinion, the PBOC will be forced to act and a currency devaluation is the next macro development to unfold.

European officials are not elected to negotiate good deals FOR Africa. Chinese government officials are not evaluated on how well they advocate FOR African interests. This is the responsibility of African leaders and if you think coordination is expensive, try being disorganized.

#FOCAC is in weeks and nobody knows what Africans will place on the table as their negotiating position with China. But high ranking Chinese foreign ministry officials have regularly outlined the "win-win" outcomes they expect. We can't outsource our foreign policy to China.

Following today's coup attempt, @SudanPMHamdok convenes council of ministers. The "orchestrated coup by parties inside & outside the armed forces"..."clearly indicates the need to reform the #security & #military apparatus." 

"We have been assuring them (Eurobond investors) strongly that the government has no solvency issues," Eyob said.

It’s impossible for the state to manage a guerrilla war up there and at the same time manage to control the rest of the country.

If I could I would be limit short the Ethiopian Birr [It trades at 60 to the $ on the black market]

“The order book peaked at $12.2 billion,” it said. “The size of the order book and the quality of investors demonstrates confidence in Nigeria.
The Eurobond was issued in three tranches:
7 years - $1.25 billion at 6.125% p.a.
12 years - $1.5 billion at 7.375% p.a.
30 years - $1.25 billion at 8.25% p.a.

Quantity of:
     Coffee -9%
     Tea flat
     Cut flowers +26%
     Fruits +41%
     Vegetables +31%

Yield (Kshs.) per MT:
     Coffee +30%
     Tea flat
     Cut flowers -31%
     Fruits -34%
     Veg -9%