paul s

[paul s @pegau]

@IQTestBrain Infinity

[paul s @pegau]

@mathwithsanni Actually 0.8

[paul s @pegau]

@mathwithsanni Arcsine 0.6

[paul s @pegau]

@AndreasSteno ETF DRAM could be a decent play here

[paul s @pegau]

@Ole_S_Hansen My research suggests there is no VAT on the Shanghai futures price. Only applies on physical transactions.

[paul s @pegau]

@matthew15_40 @AndreasSteno Perplexity suggests that is not correct. No VAT on futures price. B

[paul s @pegau]

@elonmuskADO try 40

[paul s @pegau]

@elonmuskmel7 Try 77.

[paul s @pegau]

@_The_Prophet__ Seems like there is some $150billion of dollar financing on Chinese commercial real estate. Although only 2% of the total, the rest is in more manageable RMB, is there enough USD liquidity to refinance these loans? Part of the geopolitical discussions?

[paul s @pegau]

Hi Andreas. What are your thoughts on the GAW loan default. USD 260 million loan backing Shanghai commercial real estate has not been refinanced. Possible USD 150 billion total in USD loans backing this sector. Only 2% of the total but the rest is denominated in more manageable RMB. Still if a large portion of the USD 150 billion cannot be refinanced, what are the implications in the short to medium term. This seems critical?

[paul s @pegau]

Interesting discussion on the future of Britain.

Taxed to Death: Britain’s Economic Model Is Finished | Ewen Stewart x Pe... https://t.co/0rgICI2AOL via @YouTube

[paul s @pegau]

The midday moon. Svalbad.

[paul s @pegau]

@AndreasSteno Perhaps have a look at the recent Substack from Jordi Visser. Feels like a good summary. The end of the beginning. The future is bright.

[paul s @pegau]

13:45. Dark. Welcome to Longyearyben. Arctic Circle. 🥶. Svalbad.

[paul s @pegau]

Could you try to explain in simple terms, the relationship and plumbing between the Fed, the Commercial Banks, and the Treasury. If the Fed creates reserves to buy Treasuries, how does these reserves transfer to the Commercial Banks? Understand if kept inert, money does not get into the economy but does increase liquidity and asset prices - as in post GFC pre COVID QE where cost inflation was not impacted.

[paul s @pegau]

@BittelJulien Hi Julien. All looks good and well in line with your plan. Thanks. Could you comment on Japan. Weakening currency, higher JPY bond yields etc. How will this impact capital flows and global liquidity?

[paul s @pegau]

@TimKotzman Will they offer $STRC in different currencies?

[paul s @pegau]

@Strategy Will this have any impact on the already positive Q3 earnings?

[paul s @pegau]

@mikealfred Highly recommended Moonshots podcast will answer this for you.