Current Affairs Stocks and shares and stuff

[Zatara]

Hmm

Thats quite amusing seeing as theyve recently been called out for numerous 'dodgy' individuals holding accounts with them and investments through them.

 

[Sticky Toffee Pudding]

When they were up they were up, and when they were down they were down, and when they were half way up he was arrested.

 

[evilwebby]

last week was brutal for UK and European stocks.
It’s starting to feel more and more like a real bear market. Every time the market tries to rally it gets sold off again.. the next 12-24 months could see the a serious repricing and will test the mettle of everyone

 

[LinekersLegs]

 

[The Gueye Science]

Aye, seeing some chatter about European bank exposures but nothing concrete as yet so could just be the rumor mill

Hedge funds too

H2O fund carried outsized Russia bet ahead of Ukraine war

Scandal-hit French asset manager’s flagship fund falls after carrying 48% exposure to Russian rouble

www.ft.com

^A low quality firm tbf but when you attempt to cancel a $1.5 trillion economy with a dominant position over fundamentals like energy and food production within a matter of hours, there is no telling who might turn out to be exposed, or how badly. But I'm sure our wise leaders have thoroughly considered this ten steps ahead, and have plans in place to mitigate financial contagion, as well as cataclysmic spikes in food, fertilizer and energy prices, or the risk to Dollar hegemony itself.

 

[The Gueye Science]

One for the "and stuff" category:

“What is Russia’s economic response that frightens the West — Russia has economic trump cards up its sleeve
By Olga Samofalova
[Translated by the Naked Capitalism blog]: https://www.nakedcapitalism.com/202...-new-tributary-system-the-russian-kowtow.html

 

[The Gueye Science]

Good luck, global Blues!

 

[LinekersLegs]

Good luck, global Blues!

Am hoping the high prices encourage some extra supply but it doesn’t look great does it especially given fertilizer supply

 

[The Gueye Science]

^When, in the course of a negotiation, you point a loaded pistol to your temple and say "Do exactly as I demand or else I'll pull the trigger". And then, you pull the trigger.

Meanwhile: "...in gas the flow continues unabated and, with European customers now paying even more exorbitant prices, Russia is benefiting from a staggering surge in revenue. According to Javier Blas of Bloomberg, at the start of the year, Russia was earning $350 million per day from oil and $200 million per day from gas. On March 3 2022 Europe paid $720 million to Russia for gas alone.

Unless the oil revenues have collapsed, any self-sanctioning effect is likely to have been more than offset by the huge surge in gas prices".

Chartbook #93: Russia's $720m per day gas windfall - the lopsided economic war

Like most folks I’ve been staggered by how rapidly the West has escalated the economic war against Putin’s regime.

adamtooze.substack.com

 

[evilwebby]

This is not just about the Ukraine situation. There are a lot of headwinds going on now that is causing risky assets to be repriced.

I think we've seen a multi-year major top in most markets now.

Worth a watch, this:

 

[The Gueye Science]

This is not just about the Ukraine situation. There are a lot of headwinds going on now that is causing risky assets to be repriced.

I think we've seen a multi-year major top in most markets now.

Worth a watch, this:

He's been saying that since 2010, to be fair

GMO's Jeremy Grantham Calls a Stock Bubble

The noted bear, who called the stock-market rally, now is warning about expensive stock prices.

www.wsj.com

But he is almost certainly correct about the structural weaknesses and distortions that predictably ensue from mixing monetary stimulus with fiscal austerity, and if interest rates go brrrrrrrrr instead of the money printer then we are probably in for some nasty surprises. A lot of zombies out there and very few safe spaces in stagflationary times.

 

[evilwebby]

This is not just about the Ukraine situation. There are a lot of headwinds going on now that is causing risky assets to be repriced.

I think we've seen a multi-year major top in most markets now.

Worth a watch, this:

Very true that, and a good reminder that we shouldn't take anyone's forecasts with any degree of certainty, no matter how convincing and well researched they may appear. TBF I don't think he's been saying it consistently since 2010, but he definitely wrongly called it back then.

But nonetheless as you say, there is a lot of crap that needs a proper recession to flush it out. The stupidness we've seen over the last 12 months eh, SPACs, NFTs, AMC, TSLA, etc ... as a new generation of retail investors think that they can all make money by daytrading is a sure sign that we are at the peak of the market.

 

[The Gueye Science]

https://finance.yahoo.com/news/nickel-resumes-advance-manic-monday-030725962.html
https://uk.finance.yahoo.com/news/credit-suisses-pozsar-says-commodities-065416077.html

But I'm sure the people who gave us the Iraq War, the financial crisis, quantitative easing and austerity, the Libyan invasion, the Remain campaign and the 2016 American election have this covered.

 

[LinekersLegs]

 

[BrendanGOT]

Note the other years at over 11%