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Satchu's Rich Wrap-Up
 
 
Thursday 14th of October 2021
 
Morning
Africa

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Macro Thoughts
World Of Finance
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The @IMFNews expressed concern the global economic recovery has lost momentum and is increasingly divided. It trimmed its 2021 growth outlook @economics
World Of Finance


Title: Bar, Las Vegas, Nevada Artist: Robert Frank
Misc.


There is no training – that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market. @ptj_official
World Of Finance


There is no training – classroom or otherwise.. that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market. 

There's typically no logic to it; irrationality reigns supreme, and no class can teach what to do during that brief, volatile reign.





"...toward the end, the bulls could still call bounces but they were more anemic now - we had all been clapping for Tinkerbell for so long that our hands grew weary. And so her light began to fade." @coloradotravis
World Of Finance


Mirrors on the ceiling, The Pink champagne on ice
World Of Finance


The lights must never go out, The music must always play
World Of Finance


Love Fellini. So brave, with that whiff of insanity. @DiAmatoStyle Federico Fellini's 8 1/2 @tcm
Misc.


"The market is like a large movie theater but with a small door." Dynamic Hedging, 1996 @nntaleb
World Of Finance


“Derivatives,” Alvin said. “I don’t speculate about the future, I trade it.” @NewYorker
World Of Finance



And they were cross‑linked and interwoven and resold in large bundles, “future on future,” Alvin said
“Forget about the forces of the free market, my friend. Commodity prices no longer refer to any value, past or present—they’re just ghosts from the future.”



Home Thoughts
Africa
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Robert Frank Children with Sparklers in Provincetown Massachusetts, 1958 @deryainciderya
Misc.
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"The road must eventually lead to the whole world." - Jack Kerouac, On the Road [Copyright Robert Frank]
Misc.
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"There is one thing the photograph must contain, the humanity of the moment."— Robert Frank
Misc.
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Ghat Morning. Sunrise on the ghats #Benares @PoojaVir_
Misc.


A few “rare glimpses”. @chadocl
Misc.


From Aegibong you can see a small North Korean village … but pan right and there’s Seoul and Bukhansan. @chadocl
Misc.



I have never seen weather this clear!



FAR away in distant lands lies the Hermit Kingdom. This land is ruled by The House of Kim and its capital is Pyongyang. 29-11-2010
Misc.



The first and 'Eternal' President was Kim Il-sung and his successor Kim Jong-il whose designated successor is Kim Jung-un. 

They all have had tiny little hands like the Elves in the Elves and the Shoemaker.

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Consider that Kim Jong-Il the Father was obsessed with cinema and amassed arguably the world’s largest personal film collection: over 20,000 bootlegged 35mm screening copies
Misc.





Kim Jong-Il also had a penchant for Hennessy Paradis cognac and for two years in the mid-1990s, he was the world’s largest buyer of Hennessy Paradis cognac, importing up to $800,000 of the stuff a year. 

Kim Jong-Il began his career as the head of the state’s propaganda and agitation department and its clear that Kim Jong-Un’s sister Kim Yo Jong who holds the same role and evidently handles all the optics, is a chip off the old Block. Friday was tip-top geopolitical optics. 



The opening shot of Kim Jong Un surrounded by a Phalanx of North Korean Ninja bodyguards was almost as good as the opening Sequence in PT Anderson’s boogie nights [Steadicam operator Andy Shuttleworth].
Misc.


The opening shot of Kim Jong Un surrounded by a Phalanx of North Korean Officials [later replayed as chairman Kim sat in his presidential vehicle surrounded by his Ninja bodyguards] was almost as good as the opening Sequence in PT Anderson’s boogie nights [Steadicam operator Andy Shuttleworth].



Korean DMZ: 12 jogging bodyguards escort Kim Jong-un's limo
Misc.


Boogie Nights Opening Scene [HD]
Misc.
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Political Reflections
Law & Politics
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Kim Jong-un looks slimmer than ever as he calls for better lives in the face of a ‘grim’ economy in North Korea @TheSun
Law & Politics


:"A screaming comes across the sky", North Korea.
Law & Politics
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China To Ban Private Investments In Media As CCP Strengthens Grip On Narratives @zerohedge
Law & Politics


The Chinese Communist Party (CCP) has begun laying the groundwork to ban private investments in media organizations, according to US-funded Radio Free Asia (RFA).
Under proposed rule changes posted to its official website on Oct. 8, the State Development and Reform Commission (SDRC) said it was soliciting public opinion on adding private sector investment in media organizations to a list of banned investments.
The list, which is intended to apply across China without local variation, requires that "organizations with no public sector investment shall not engage in business involving newsgathering, editing or broadcasting." -RFA

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Whoever Controls The Narrative Controls The World
Law & Politics


And it all left me wondering Who exactly is controlling the Console?



Xi’s model is one of technocratic authoritarianism and a recent addition to his book shelf include The Master Algorithm by Pedro Domingos.
Law & Politics


They now turn to rule over the people by means of what could be dubbed "big data totalitarianism" and "WeChat terror." @ChinaFile
Law & Politics


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. 
[ “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



Michel Foucault describes the prisoner of a panopticon as being at the receiving end of asymmetrical surveillance: “He is seen, but he does not see; he is an object of information, never a subject in communication.” @hervegogo
Law & Politics


05-MAR-2018 :: China has unveiled a Digital Panopticon in Xinjiang
Law & Politics



China has unveiled a Digital Panopticon in Xinjiang where a combination of data from video surveillance, face and license plate recognition, mobile device locations, and official records to identify targets for detention. 
Xinjiang is surely a precursor for how the CCP will manage dissent. The actions in Xinjiang are part of the regional authorities’ ongoing “strike-hard” campaign, and of Xi’s “stability maintenance” and “enduring peace” drive in the region. 



Those with better tech conquer, brutally, all through history. @michaeljburry
Law & Politics


The Dark Forest which continues the story of the invasion of Earth by the ruthless and technologically superior Trisolarans, introduces Liu’s three axioms of “cosmic sociology.” @nfergus
Law & Politics



First, “Survival is the primary need of civilization.” 
Second, “Civilization continuously grows and expands, but the total matter in the universe remains constant.” 
Third, “chains of suspicion” and the risk of a “technological explosion” in another civilization mean that in space there can only be the law of the jungle. 
In the words of the book’s hero, Luo Ji:
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. 
If he finds other life — another hunter, an angel or a demon, a delicate infant or a tottering old man, a fairy or a demigod — 
There’s only one thing he can do: open fire and eliminate them. 

In this forest, hell is other people ... any life that exposes its own existence will be swiftly wiped out.
This is intergalactic Darwinism.



The irony here is that the US, despite being the seat of these firms, is also a victim. @RnaudBertrand
Law & Politics


The same problems it unleashed on the world-ex-China it unleashed on itself. Those private firms can control the narrative in the US like abroad. They're monopolistic in the US like abroad.



In an extraordinary boomerang, The US' adversaries have turned social media on its head and used it as a "Trojan Horse" via psychographic profiling and micro-targeting at a mass scale.
Law & Politics


17-SEP-2012 Information warfare will not be couched in rationale of geopolitics, the author suggests, but will be "spawned" - like any Hollywood drama - out of raw emotions
Law & Politics



“Hatred, jealousy, and greed - emotions, rather than strategy - will set the terms of [information warfare] struggles”.



Weekly epidemiological update on COVID-19 - 13 October 2021 @WHO
Misc.



Globally, the numbers of weekly COVID-19 cases and deaths has continued to decline since late August. 

Over 2.8 million new cases and over 46 000 new deaths were reported during the week of 4 to 10 October 2021, representing a 7% and 10% decrease respectively, as compared to the previous week. 

Global overview Data as of 10 October 2021

Globally, the numbers of weekly COVID-19 cases and deaths have continued to decline since late August (Figure 1). 

Over 2.8 million new cases and over 46 000 new deaths were reported during the week of 4 to 10 October 2021, representing decreases of 7% and 10% respectively, as compared to the previous week (Table 1). 

Apart from the European Region, which reported a 7% increase in the number of new weekly cases as compared to the previous week, all the other regions reported declines in new weekly cases. 

The largest decrease in new weekly cases was reported from the African Region (32%), followed by the Western Pacific Region (26%). 

The cumulative number of confirmed cases reported globally is now over 237 million and the cumulative number of deaths is over 4.8 million.
The number of new weekly deaths reported showed a large (>10%) decline for all regions except for the European Region, which reported an 11% increase as compared to the previous week. 

The largest decline in weekly deaths was reported from the Western Pacific and the African Regions, with both showing declines of 34% as compared to the previous week.

The highest numbers of new cases were reported from 

United States of America (653 837 new cases; 12% decrease)

United Kingdom (249 699 new cases; similar to the number reported in the previous week)

Turkey (205 266 new cases; similar to the number reported in the previous week)

Russian Federation (188 829 new cases; 14% increase), 

India (139 572 new cases; 13% decrease).

Conclusions


Last week clocked the Lowest weekly count for 12 weeks. 





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19-JUL-2021 :: COVID-19
Misc.
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19-JUL-2021 Many Folks seem to feel we are in the final Act of the COVID-19 Play. I would be limit short that particular narrative.
Misc.


Global daily counted covid deaths continue to trend downwards (since July), now at 6000-8000 per day. Note that these are likely undercounted by 2-4 fold @DFisman
Misc.


"The number of weekly reported deaths from #covid19 continues to decline and is now at the lowest level in almost a year”, says @DrTedros at @WHO presser. @kakape
Misc.


"But it’s still an unacceptably high level: almost 50,000 deaths a week, and the real number is certainly higher."



―They fancied themselves free, wrote Camus, ―and no one will ever be free so long as there are pestilences
Misc.


#COVID19 vaccines may have to be "adapted" to new virus variants in 2022, says BioNTech chief Ugur Sahin (FT) @disclosetv
Misc.


Despite one of the world's highest vaccination rates (80.71% of pop. now fully vaxxed), #Singapore's #COVID cases and deaths continue to rise. @steve_hanke
Misc.


According to my colleagues @JohnsHopkins 2,809 new cases and 9 new deaths were recorded on Sunday.



23-AUG-2021 :: We have now crossed peak Vaccine Euphoria
Misc.
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International Markets
World Of Finance
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Currency Markets at a Glance WSJ
World Currencies


Euro 1.1597
Dollar Index 94.001
Japan Yen 113.57
Swiss Franc 0.9215
Pound 1.3683
Aussie 0.7393
India Rupee 75.3175
South Korea Won 1187
Brazil Real 5.5139
Egypt Pound 15.7108
South Africa Rand 14.75

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Dollar Index Chart INO 94.001 [Higher]
World Currencies


Euro versus the Dollar Chart 1.1600 [Lower]
World Currencies


Commodities
Commodities
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Commodity Markets at a Glance WSJ
Commodities
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Gold INO 1794.00 [muscular]
Commodities


Crude Oil INO 80.56 [headed higher now]
Minerals, Oil & Energy


Sub Saharan Africa
Africa
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African Region .@WHO regional overviews Epidemiological week 4-10 October 2021
Africa



African Region
Since mid-July, the African Region has shown a constant decline in the number of COVID-19 cases and deaths, with over 33 000 new cases and over 1200 new deaths reported last week, a 32% and a 34% decrease respectively as compared to the previous week. 

While the majority of countries (35/49; 71%) reported a decrease in new weekly cases, seven countries reported an increase, with Chad (by 54%) reporting the greatest increase. 

The highest numbers of new cases were reported from 

Ethiopia (6061 new cases; 5.3 new cases per 100 000; a 15% decrease)

South Africa (5884 new cases; 9.9 new cases per 100 000; a 39% decrease)

Cameroon (3096 new cases; 11.7 new cases per 100 000; a 55% decrease).
Concerning new weekly deaths, 75% of countries in the Region reported a decline whereas there was a marked increase observed in Senegal (by 125%) and Mali (by 100%). 

The highest numbers of new deaths were reported from 

South Africa (539 new deaths; <1 new death per 100 000; a 28% decrease)

Ethiopia (275 new deaths; <1 new death per 100 000; a 10% decrease)

Cameroon (58 new deaths; <1 new death per 100 000; a 36% decrease).

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19-JUL-2021 Many Folks seem to feel we are in the final Act of the COVID-19 Play. I would be limit short that particular narrative.
Africa


Africa is currently reporting a million new infections about every 53 days @ReutersGraphics
Africa


Gabon at peak 



‘We haven’t been spared, we’re just not counting’: Sudan’s hidden Covid death toll @Telegraph
Africa


For the other @igadsecretariat countries #GDP_growth projections are as follows: @PatrickHeinisc1
Africa


▶️#Djibouti: 2021: 5% (2022: 5.5%)
▶️#Eritrea: 2.9% (4.8%)
▶️#Kenya: 5.6% (6%)
▶️#Somalia: 1.6% (3.9%)
▶️#South_Sudan: 5.3% (6.5%)
▶️#Sudan: 0.9% (3.5%)



15-MAR-2021 :: Africa Emerging from The Pandemic
Africa


This is extremely rare. @IMFnews makes no GDP growth projection for #Ethiopia: "For 🇪🇹, projections for 2022–26 are omitted due to an unusually high degree of uncertainty." @PatrickHeinisc1
Africa


#Afghanistan, #Lybia & #Syria are the only other countries without data projections for the coming years.



‘The genie out of the bottle’ @AfricanBizMag
Africa


November 8, 2020 Ethiopia which was once the Poster child of the African Renaissance
Africa
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The Tigray War has cost $2.5 billion and international investors are staying away, according to Louw Nel, a senior political analyst at NKC African Economics CGTN
Africa
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Ethiopia's federal military reportedly launched a ground offensive against Tigrayan forces in Amhara region on Monday. @D_J_Doyle @ReutersAfrica
Africa


November 8, 2020 @PMEthiopia has launched an unwinnable War on Tigray Province.
Africa


The falcon cannot hear the falconer;


Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere The ceremony of innocence is drowned;
The best lack all conviction, while the worst Are full of passionate intensity.

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On the 3rd day of #Abiy’s so-called Final Offensive, our forces have successfully pushed back the enemy and captured most of the commanding heights in all fronts. @reda_getachew
Africa


We will go as far as it takes to break the siege on the children and women of Tigray.



9-JUL-2021 :: The Contagion will surely boomerang and destabilise the Horn of Africa for the forseeable future.
Africa


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

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#NobelPrize laureate #AbiyAhmed claims that his ascent to power in #Ethiopia is #God’s will, based on a prophecy his mother made when he was a child. @KjetilTronvoll
Africa


Any politician asserting #religious legitimacy arguing they are doing God’s work, presents an ersatz claim.



PM Abiy His inner war cabinet includes Evangelicals who are counseling him he is "doing Christ's work"; that his faith is being "tested". @RAbdiAnalyst
Africa


South Africa All Share Bloomberg
Africa
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Dollar versus Rand Chart INO 14.75
Africa


Egypt Pound versus The Dollar Chart INO 15.7108
Africa


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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Zimbabwe's currency is in a death spiral. @steve_hanke
Africa


21-JAN-2019 :: The Mind Game that ZANU-PF played on its citizens has evaporated in a puff of smoke
Africa


I have been reading Yuval Noah Harari and in his best-seller he says this about money;
“Money is accordingly a system of mutual trust, and not just any system of mutual trust: money is the most universal and most efficient system of mutual trust ever devised.”
“Cowry shells and dollars have value only in our common imagination. Their worth is not inherent in the chemical structure of the shells and paper, or their colour, or their shape. In other words, money isn’t a material reality – it is a psychological construct. It works by converting matter into mind.”



‘Zimbabwe Now The Fastest Growing Economy In Africa’ – @edmnangagwa @Sunrise2All
Africa
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Cowrie shells found in a grave on Gotland, imported from the Red Sea or Indian ocean area: @caitlinrgreen
Africa



Object from the exhibition We call them Vikings produced by The
Swedish History Museum
Cowrie shell
Imported cowrie shells
were sometimes worn as pendants. From the Red Sea or Indian ocean area.
Grave find, Bjästavs, Sanda, Gotland, Sweden. SHM 1763



Kenya
Africa
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Kenya Shilling versus The Dollar Live ForexPros
Africa
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Nairobi All Share Bloomberg
Africa
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Nairobi ^NSE20 Bloomberg
Africa
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Every .@NSE_PLC Listed Share can be interrogated here
Africa



 
 
by Aly Khan Satchu (rich.co.ke)
 
 
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