According to Reuters, Beijing now wants a full accounting of everything going on at local developers. “The government is monitoring everything now, unless you want to cheat, but they will be able to tell from your monthly figures,” said a senior executive at one of the developers in the pilot scheme. Following concerns of too much developerContinue reading “Systemic Risk in the Red Ponzi”
“ “Step one, help yourself to tasty assets from the public trough. Step two, figure out how to keep them. “The best investment in Ukrainian history may be about to become even better—Burisma’s recruiting of Hunter Biden to its board. After a government minister allegedly awards himself lucrative gas rights, the Ukrainian people overthrow aContinue reading “Enjoy Oligarchy”
Bouncing off support.
China as a rising nation. It is a nation that has risen. Source: George Friedman on Why the Future Is Never What We Expect
September imports strong and exports weak. https://www.calculatedriskblog.com/2020/10/la-area-port-traffic-strong-imports.html?m=1
With Senator Chuck Schumer covering their backs under CARES Act stimulus, mega banks don’t need to think much about reserving for losses on financial instruments under Current Expected Credit Losses or CECL (pronounced Cecil). So, what kind of reserves are indicated? A lot less than the Crash.
Georgios Margazoglou, Tobias Grafke, Alessandro Laio, Valerio Lucarini Abstract: We apply two independent data analysis methodologies to locate stable climate states in an intermediate complexity climate model. First, drawing from the theory of quasipotentials, and viewing the state space as an energy landscape with valleys and mountain ridges, we infer the relative likelihood of theContinue reading “Dynamical Landscape and Multistability of the Earth’s Climate”
Timing the puts can take some time.