Friday, March 29, 2024

PCE Inflation, February 2024

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From CNN, March 29 : Inflation ticked higher last month, reversing recent progress It’s not a Good Friday for the F...
Thursday, March 28, 2024

"Baltimore bridge collapse insured losses estimated up to $4bn"

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From the reinsurance, ILS and cat bond mavens at Artemis, March 28: The insurance industry loss from the collapse of the Francis Scott Key ...

"The $9.5 Million Hangover: Did a wine-world insider swindle his Bordeaux-swilling pals?"

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From New York Magazine's Grub Street vertical, March 18: The dinner cost $7,250 a plate, but that isn’t what Krešimir Penavić remembe...

Elon Musk Predicts, Not Just UBI But A 'Universal High Income'

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Mr. Musk predicts many things, many of them interesting. This could be one of them depending on punctuation. If he is thinking about a unive...

Wood Mackenzie: "Over 20% of the World’s Oil Refining Capacity Is at Risk of Closure"

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 From OilPrice, March 28: Weakening refining margins and carbon taxes put a fifth of global refining capacity at risk. Europe and Ch...

"Get Ready for the Robotic Fish Revolution"

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I've been meaning to post on the CIA's Catfish Charlie for a few years. This is probably as good a time as any. First up, from Hakai...

"Tesla deliveries face hit from China slowdown, soft demand" (TSLA)

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We saw in Monday's " Goldman Hints That Tesla May Have Some Negative FCF Quarters Ahead (TSLA) ":  ....Tesla is between growth...

"London Insurers Face Baltimore Bridge Payouts Worth Billions"

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From Bloomberg, March 27: Claims seen between $1 billion and $3 billion: Barclays Lloyd’s of London marine insurers seen as most exp...

Capital Markets: "Waller Pushes on Open Door: Push for Patience Lifts the Dollar, Complicating Japanese Efforts"

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From Marc Chandler at Bannockburn Global Forex: Overview: Comments by Fed Governor Waller, urging patience on rates and wanting more eviden...
Wednesday, March 27, 2024

"Once High-Flying Bankers in Hong Kong Become a Lost Generation"

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From Bloomberg, March 24: Finance professionals with Chinese expertise were highly sought after five years ago. Now, job security is vanishi...

"How has this $25 billion fund beaten the S&P 500? Patience — and preparing for ‘the next big thing.’" (NVDA)

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This is the best explanation of what NVDA was and was flashing to the market eight years ago that you are likely to find. There is something...

"Speculative Finance and Predatory Abstraction: On Jonas Eika’s 'After the Sun'"

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What the heck is this? I read it twice, looking for either a punch line or a cosmic truth and, not sure if I missed one or both, ended up ba...

"Elon Musk Says Grok AI Will Be Available to All Premium Subscribers on X ‘Later This Week’"

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Which, adjusting for Mr. Musk's optimism, could mean "as late as the end of April." From New Delhi's Gadgets 360, March 27...

The Congressional Trade Tracker ETF Has Outperformed The S&P 500 By 9 percentage Points In The Last Year (NANC)

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Specifically it's the Unusual Whales Subversive Democratic Trading ETF .  Up 40.88% to 31.59% for the index. The ETF tracking the Republ...

"AI companies eye fossil fuels to meet booming energy demand"

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From Popular Science, March 25:  Recent reports suggest renewable energy sources alone won’t be enough to meet data centers' increasingl...

"China’s Wind Turbine Makers Extend Dominance as Vestas, GE Slip"

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From Bloomberg, March 27: China’s wind turbine manufacturers dominated global supply last year, riding the nation’s renewables installation ...

"France's deficit targets unlikely to be met, Moody's says"

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And Germany is projected to have another year of flat GDP. Europe has some problems that, though much smaller in magnitude than the American...
Tuesday, March 26, 2024

"How to measure China’s true economic growth: In search of a successor to the Li Keqiang Index"

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Last week, in a post on the conflicting messages about China's economy being sent by iron ore, copper and the smaller "teapot...

"SWIFT planning launch of new central bank digital currency platform in 12-24 months"

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From Reuters, March 25: Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of...

Francis Scott Key Bridge Collapse: Insurance and Reinsurance

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As the search for the six missing workers who were doing repairs on the bridge deck continues, the financial ramifications are beginning to ...