Macro Hedged

Macro Trader with some sense of humor

[gianluca c 🏴‍☠️🇻🇪 #MaskUp #noGBD #Truce Alfiere @gianlucac1]

ON BANKS DEPOSITS 3d

I quite so much disagree with what i see around on deposit remuneration by banks

The wisdom is "deposits are not an investment (for those who deposit money to banks) but they are a payment tool, so they shoudnt be remunerated"

well, i dont think so

1/n

[Michele Arnese @Michele_Arnese]

Nella tarda mattinata di lunedì 31 luglio i collaboratori del Sole 24 Ore hanno ricevuto una mail in cui si annuncia il taglio del 20% dei compensi, a far data dal 1° agosto. (Professione reporter)

[Václav Smolka @_smolka_v]

Není běžnou praxí zveřejňovat novinářské dotazy, ale to, co mi teď přišlo z časopisu Rytmus života, je tak za hranou, že mi to prostě nedá. Pro úplnost samozřejmě přikládám i odpovědi. Hezkou neděli!

[Cullen Roche @cullenroche]

Housing is 45% of CPI. This is a multi-year disinflationary trend that's only just starting.

To get a big resurgence in inflation you're going to need some outlier surge in prices like commodities. Not happening so far this year....

[Daniel Mahncke @MnkeDaniel]

2. Judgement

Good judgment comes from experience.

Experience comes from bad judgment.

You can and need to learn the theory of investing, but the best teacher is experience.

[Michael Pettis @michaelxpettis]

1/8
Good piece by Dani Rodrik et al. One of the biggest problems with "data-driven" or empirical economic analysis is that the results depend crucially on the way the models are constructed, and these are usually implicitly ideological.

https://t.co/gV2prKwMRo

[Michele Arnese @Michele_Arnese]

@lageloni https://t.co/tOGuf9sgU2

[Michele Arnese @Michele_Arnese]

"Ma quale soccorso nero, Daniela Santanchè ci deve 1,5 milioni e per questo ha messo a garanzia anche la sua casa. Non ho nulla da spartire con lei”. Lo diceva pochi giorni fa Luca Ruffino, presidente della holding Visibilia e amministratore di Visibilia editrice, oggi suicida.

[The Cultural Tutor @culturaltutor]

10 of the best artists you've (probably) never heard of, from the beautiful to the bizarre:

[Andrea Giuricin @AndreaGiuricin]

In molti paesi il numero delle licenze dei #taxi non è limitato per legge.
In altri paesi le licenze hanno un tempo limitato.
In Italia, le licenze date quasi sempre gratuitamente dai comuni ai tassisti sono invece limitate nel numero e illimitate nel tempo.

[Holger Zschaepitz @Schuldensuehner]

OOPS! Container rates – measured by Drewy's World Container Index – are now below pre-pandemic levels. Shipping group Maersk warned of a steeper drop this year in global demand for shipping containers. Global container trade will probably contract as much as 4% this year, down from Maersk’s previous prediction of as much as 2.5%

[Jon Erlichman @JonErlichman]

Time it takes these companies to generate
$1 million in revenue:

Amazon: 58 seconds

Apple: 1 minute, 35 seconds

Alphabet: 1 minute, 44 seconds

Microsoft: 2 minutes, 18 seconds

Meta: 4 minutes, 3 seconds

Tesla: 5 minutes, 12 seconds

[Michele Arnese @Michele_Arnese]

Auto: Ue contro Cina? «In Cina si utilizza ancora il carbone, non ci sono limiti di inquinamento e il costo del lavoro è più basso. In queste condizioni è come giocare a calcio in 11 contro 15». (Luca De Meo, ad Renault e presidente dell'associazione dei costruttori auto europei)

[Christiane Amanpour @amanpour]

I asked the Russian Ambassador to the UK why the leader of the failed armed uprising against his state is still free, when the Kremlin is so quick to jail political opponents and journalists for treason.

[Holger Zschaepitz @Schuldensuehner]

#Fed QT accelerates. Fed balance sheet shrank $91bn in July, -$759bn from peak, biggest drop ever to $8.2tn, lowest level since July 2021. Fed has now shed 22.3% of the Treasury securities it bought during pandemic QE. Fed's total assets now equal to 30.6% of US's GDP vs ECB's 53%, BoJ's 130%. https://t.co/J3Y6sQJfdS

[Michele Arnese @Michele_Arnese]

«A Bruxelles c’è un gruppo di estremisti dell’elettrico che non si rende conto - o non vuole farlo - di quanto il futuro sia complesso». (Luca De Meo, amministratore delegato di Renault e presidente dell’Acea, l'associazione dei costruttori automobilistici europei)

[Jon Erlichman @JonErlichman]

AWS is its not so secret weapon.

Here’s Q2 revenue over 10 years:

2023: $22.1 billion
2022: $19.7 billion
2021: $14.8 billion
2020: $10.8 billion
2019: $8.4 billion
2018: $6.1 billion
2017: $4.1 billion
2016: $2.9 billion
2015: $1.8 billion
2014: $1 billion
2013: not disclosed

[Gizmodo @Gizmodo]

Elon Really Wants to Turn Twitter Into Wall Street https://t.co/7IV37rLZjy

[Macro Hedged @macrohedged]

@JanRuziJan 👏🏽

[🇺🇸 Kyle Bass 🇹🇼 @Jkylebass]

🛑 China 🇨🇳 War Preparation - Important Update 🛑 China’s SOE refiners have RAMPED production of marine diesel with capacity utilization at SOE refiners moving from 75% to 95%(full production) while ‘teapot refiners’ are down from 65% to 55%(think bunker diesel). Chinese 1/4