Raka

Macro, Hard SF

[Raka @Raaka09]

@sidlowe Good list & can’t argue if the main criteria is the results at the end of the season (I know there are exceptions perhaps). As a RM fan, I have to say that any list like this would underplay the role of CR7 to lift RM when he arrived & later, Casemiro on Messi.

[Raka @Raaka09]

@Brad_Setser Yeah it doesn’t make sense for US - but UAE asking it is economic arbitrage for them

[Raka @Raaka09]

@Brad_Setser Brad, the collateral for a fx swap line is local currency and for FIMA is hard currency. There is a simple economic arbitrage in using fx swap line.

Also, UAE can then extend this to Bahrain etc

My best guesses as otherwise it doesn’t add up

[Raka @Raaka09]

@VKMacro I’m wondering if any of them has managed to ‘pivot’ and hence a decent punt?

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@VKMacro I guess it can run another couple of percent? Your point re negative BoP etc is valid and risk reward changes once it has moved

[Raka @Raaka09]

@macroguru9 Buddy those Russian barrels are supposed to be sanctions compliant and for domestic market

[Raka @Raaka09]

@VKMacro It’s a sentiment thing mainly. Exporters have been hoarding dollars - if they have to stop sell, it can potentially flip the narrative. High frequency indicators are looking strong, Indian equities and bonds may benefit from the narrative flip

[Raka @Raaka09]

@VKMacro https://t.co/iPeiiaf0bV

[Raka @Raaka09]

@JavierBlas From Ofgem -

Currently a typical consumer pays around £52 per year towards the cost of managing and writing off energy debt
**
I reckon this debt/arrears is worth 0.1% CPI impact!

[Raka @Raaka09]

@GabbbarSingh Check out IIMK

[Raka @Raaka09]

@DannyDayan5 Thanks, with relatively low rates and its +ve correlation to risk, what’s the reason to buy CAD - no yield, no diversification

[Raka @Raaka09]

@VKMacro Short squeeze and new themes in motion (CHF/JPY)

[Raka @Raaka09]

@IreneuszIrzyk JPY crosses looking ominous mate

[Raka @Raaka09]

@georgemagnus1 Carvajal, Militao, Mendy injured

Anyway, need a reboot - Ancelotti’s time is up and perhaps Modric too

[Raka @Raaka09]

@canonvideoguy @donnelly_brent 1. Federal workforce (without USPS) is about 2.3 mio. And 1.5% of total employment. This, hopefully, puts 60k in context
2. Trump has now asked cabinet secretaries to use a ‘scalpel’ and disowned DOGE’s ‘hatchet’
3. Also look at Challenger’s hiring index

[Raka @Raaka09]

@robin_j_brooks Now check Germany’s exports to Kazakhstan and Armenia

[Raka @Raaka09]

UnReal Madrid!