home | rich profile | rich freebies | rich tools | rich data | online shop | my account | register |
  rich wrap-ups | **richLIVE** | richPodcasts | richRadio | richTV  | richInterviews  | richCNBC  | 
Satchu's Rich Wrap-Up
 
 
Tuesday 08th of March 2022
 
Morning
Africa

Register and it's all Free

read more



Since Russia invaded Ukraine - US Treasuries have rallied - US yield curve has flattened - Dollar has rallied @ReutersJamie
World Of Finance

Hedge funds have been completely wrong-footed by the surge in U.S. Treasuries and the dollar sparked by Russia's invasion of Ukraine.

read more


A Wizard of Oz moment
World Of Finance


The last time inflation was here, February 1982 - the Fed Funds Rate was 15%. @Convertbond
Dartmouth economist and former Fed adviser Andrew Levin says the Fed needs to get rates to a neutral setting within a year or so, and that the means getting the Fed Funds rates up to 4% or 5%
Its a Wizard of Oz moment 
This is ‘’Voodoo Economics’’ and we have reached the point when the curtain was lifted in the Wizard of Oz and the Wizard revealed to be ‘’an ordinary conman from Omaha who has been using elaborate magic tricks and props to make himself seem “great and powerful”’’ 

The Curtain has been lifted and Mr. Powell has now arrived at his Volcker moment 
Friday's action and next immediate sessions might afford us the greatest macro trading opportunity to reset shorts in the US 10 and Ultra Bond. 

We can look across all G7 Bonds because this is a Super Bubble that is going to burst big. There is no way out now.
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. Paul Tudor-Jones
Its the End of the Bull market obviously. 
The Music has been playing for Eternity and its about to stop

read more









My Struggle: Karl Ove Knausgard
Misc.

Jon Fosse read a poem by Paul Celan called ‘Death Fugue’, and it was dark and hypnotic and eerie, and I read it again at home in the evening, and heard in my inner ear the way Fosse had recited it, and I found it just as hypnotic and eerie then, surrounded by my own familiar things, which merely by virtue of these words going through my head lost their familiarity, they too were woven into the poem, and darkness swept through the poem, for the chair was only a chair, dead; the table was only a table, dead; and the street outside, it lay empty and still and dead in the darkness which emanated not only from the sky but also from the poem.

Although the poem touched a nerve in me, I didn’t understand how it did or why.
Black milk of daybreak we drink it at sundown
we drink it at noon in the morning we drink it at night
we drink it and drink it
we dig a grave in the breezes there one lies unconfined

One thing was the fathomless darkness that existed in this poem, quite another was what it meant. What thoughts lay behind it? If I were ever to write like this I would have to know where it originated, be conversant with its starting point, the philosophy it expressed. I couldn’t just write something similar. I had to understand it.

read more


Death Fugue Paul Celan
Misc.

Black milk of morning we drink you evenings
we drink you at noon and mornings we drink you at night
we drink and we drink
A man lives in the house he plays with the snakes he writes
he writes when it darkens to Deutschland your golden hair Margarete
he writes and steps in front of his house and the stars glisten and he whistles his dogs to come
he whistles his jews to appear let a grave be dug in the earth
he commands us play up for the dance

Black milk of dawn we drink you at night
we drink you mornings and noontime we drink you evenings
we drink and we drink
A man lives in the house he plays with the snakes he writes
he writes when it turns dark to Deutschland your golden hair Margarete
Your ashen hair Shulamit we dig a grave in the air there one lies at ease

He calls jab deeper into the earth you there and you other men sing and play
he grabs the gun in his belt he draws it his eyes are blue
jab deeper your spades you there and you other men continue to play for the dance

Black milk of dawn we drink you at night
we drink you at noon we drink you evenings
we drink you and drink
a man lives in the house your golden hair Margarete
your ashen hair Shulamit he plays with the snakes

He calls out play death more sweetly death is a master from Deutschland
he calls scrape those fiddles more darkly then as smoke you’ll rise in the air
then you’ll have a grave in the clouds there you’ll lie at ease

Black milk of dawn we drink you at night
we drink you at noon death is a master from Deutschland
we drink you evenings and mornings we drink and drink
death is a master from Deutschland his eye is blue
he strikes you with lead bullets his aim is true
a man lives in the house your golden hair Margarete
he sets his dogs on us he gifts us a grave in the air
he plays with the snakes and dreams death is a master from Deutschland

your golden hair Margarete
your ashen hair Shulamit

read more

















I don’t know if our leaders are retards or something else.. @AlessioUrban
Law & Politics

We’re making a war against a country which is full of commodities & energy that we need.. this will end badly 

Margins are getting crushed everywhere

read more





Instead it’s about old chestnuts that tend to act as arguments for the status quo. None of these reckons with the new geopolitics and power scarcity we face. 2/ @ElbridgeColby
Law & Politics

Instead it’s about old chestnuts that tend to act as arguments for the status quo. “Spend much more defense!” / “Reform the Pentagon or CIA!” / “Doubling down in Europe will intimidate China”! None of these reckons with the new geopolitics and power scarcity we face. 2/

read more



It’s almost performative. They’re not actually arguments for how to place the nation ahead of the power curve. @ElbridgeColby
Law & Politics



This isn’t good for America. The best thing for the country - like a company or family - is to understand the landscape and adapt to protect ourselves. 3/

read more





Assertions would be met with challenges like: @ElbridgeColby
Law & Politics


- How would we pay for that? 
- Will the American people sustainably support that? 
- If we fight there how will we cover down elsewhere? 
- If we sanction there what impact will that have over there? 
- Will that actually work? 5/

Of one thing I am certain of is that it is not Putin who will capitulate 

read more







Never underestimate Stupidistan's power to stupefy us all. American companies will continue to buy Russian oil via third-country banks. @RealPepeEscobar
Law & Politics



As in they will pay a lot more for their oil, Chinese and mostly Hong Kong banks will make a killing, and the Russians get paid in full.

The Charge of the Light Brigade


read more


Risk is that Russia counter-sanctions by stopping all oil exports now = global recession @RencapMan
Law & Politics


The West is likely to impose gradual oil sanctions, giving time for US shale, an Iranian deal or new Saudi output (or even more Venezuelan oil) to replace it. 
Risk is that Russia counter-sanctions by stopping all oil exports now = global recession

read more










Currency Markets at a Glance WSJ
World Currencies

Euro 1.086020 
Dollar Index 99.237
Japan Yen 115.4780 
Swiss Franc 0.92602 
Pound 1.310825 
Aussie 0.728765 
India Rupee 76.8565 
South Korea Won 1235.810 
Brazil Real 5.1119 
Egypt Pound 15.740300 
South Africa Rand 15.393300 

read more












This matters for emerging markets (EM) more than developed markets, because lower incomes in EM means a higher proportion of spending goes on food. @RencapMan
Emerging Markets

There's enough famous Marie Antoinette "let them eat cake" examples to justify concern about unrest when food prices go up in EM

read more



The last time we sustained big rises in food prices was the 2000s when global stock levels fell due to poor harvests @RencapMan
Food, Climate & Agriculture

The last time we sustained big rises in food prices was the 2000s when global stock levels fell due to poor harvests, the Chinese middle class were eating more meat and high oil prices encouraged bio-fuel usage - but stock levels are much higher now than in the 2000s

read more


It looks like the global agricultural surplus has been bought up by China. China appears to have bought up the entire global wheat surplus @RencapMan
Food, Climate & Agriculture


It looks like the global agricultural surplus has been bought up by China. Together with India (but India has bought much less and has far lower stocks per capita), China appears to have bought up the entire global wheat surplus

read more





Shopping malls in Colombo have been forced to turn off power to conserve energy, cars are stranded on roads due to a lack of fuel and nationwide 7½-hour daily power cuts are in place @CNBC
Emerging Markets


As Sri Lanka battles one of its worst economic crises in over 70 years, its central bank governor expressed optimism the country would be able to pull through, but stressed the importance of measures that “may be not very palatable.”

In September, the country declared an economic emergency to control food supply and contain soaring inflation after a steep devaluation of its currency. Sri Lanka has been facing widespread and severe shortages of food and other essentials. It has also run out of cash to import fuel, leading to long queues outside petrol stations.

read more




Sri Lanka option for counter-insurgency Death of the Tiger @newyorker Jon Lee Anderson H/T @jamescrabtree
Emerging Markets


Its basic tenets were: deny access to the media, the United Nations, and human-rights groups; isolate your opponents, and kill them as quickly as possible; and segregate and terrify the survivors—or, ideally, leave no witnesses at all.

read more




UN rights chief says air strikes have killed hundreds since November in Ethiopia
Africa

Things fall apart; the centre cannot hold;
https://bit.ly/3Bk45Gj

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.

read more









We don’t want to be a lazy bank that takes deposits and buys treasury bonds- @KeEquityBank CEO James Mwangi @MwangoCapital
N.S.E Equities - Finance & Investment


Equity bank want to dump government securities and ramp up lending to businesses and individuals:
"We don’t want to be a lazy bank that takes deposits and buys treasury bonds" - @KeEquityBank CEO James Mwangi

read more










 
 
by Aly Khan Satchu (www.rich.co.ke)
 
 
Login / Register
 

 
 
Forgot your password? Register Now
 
 
March 2022
 
 
 
 
 
COMMENTS

 
In order to post a comment we require you to be logged in after registering with us and create an online profile.