Macro matters:
Even though the G20 meeting concluded with a potential US$2 trillion boost for the global economy my must read of the week is this article from Bruegel titled 'The twenty-first century needs a better G20 and a new G7+'. If you want to see how irrelevant the current G7 is...
(h/t @MarkBrant1KM)
Good SoberLook Russian yield curve chart with very unusual shape...
The start of a clear impact of a strong US dollar?
Put the two above charts and associated themes together however and does it help justify this P/E ratio? Now that's the big debate...
Very good and insightful: 'At the moment, the Australia–China relationship is like a novel without a plot. It meanders along, veering dangerously close to complacency, before sending the reader to sleep'. More on Australia-China here.
Super set of corn seasonal charts by @David_Stendahl here. For what it is worth I still like the agricultural space (long DE, AGCO, SYT).
Great primer on the Keystone oil pipeline, VOX! Link here.
I really enjoyed this article on 'lifehacking' by The Escape Artist especially the observation (which by definition I hugely agree with) that:
'The Pareto Principle implies that in any organisation, 20% of the employees create 80% of the value. This is why, if you are any good, you should quit your job and be self employed. Otherwise you are carrying the Facetweeter surfers, the Jobsworths and the Dilberts that lurk everywhere in large organisations'
Got to keep an eye on bitcoin...big volume spike:
Fascinating longer-term (note the scale!) hurricane observation chart here
Even though the G20 meeting concluded with a potential US$2 trillion boost for the global economy my must read of the week is this article from Bruegel titled 'The twenty-first century needs a better G20 and a new G7+'. If you want to see how irrelevant the current G7 is...
...just look at this second chart:
I am not wholly convinced by the effectiveness of the G20 action announced earlier either...
A bunch of fascinating charts on confidence and Europe in this Bloomberg survey here. Even Mrs M becoming less popular...
Interesting speech by BoJ governing council member Sato in London (link here) which included the important observation that '...it is important that people's medium- to long-term inflation expectations -- which are said to have consistently remained lower than those in other leading countries -- be raised to and re-anchored at around 2 percent, comparable to the level in the United States, so that people's behavioral pattern will be based on the assumption of around 2 percent inflation'. Now the challenge is to change the behaviour...more volatility in Japan ahead in my view.
(h/t @MarkBrant1KM)
Good SoberLook Russian yield curve chart with very unusual shape...
...meanwhile @Schuldensuehner highlighted this chart and observed that some macroeconomists believe that a Russian default is the biggest risk for the world's financial markets today (some of us remember 1998!)
What do people regard as the 'greatest danger to the world' on average? The answers depend on where you live...
Perhaps inevitable that the African countries should mention diseases. As this chart shows ebola stories have dropped off sharply recently back to the level of August/September:
The start of a clear impact of a strong US dollar?
(h/t @ReformedBroker)
Still one flipside of a strong US dollar and an associated weak oil price is the price of 'gas' has fallen sharply which is good for consumer spending:
Very good and insightful: 'At the moment, the Australia–China relationship is like a novel without a plot. It meanders along, veering dangerously close to complacency, before sending the reader to sleep'. More on Australia-China here.
Super set of corn seasonal charts by @David_Stendahl here. For what it is worth I still like the agricultural space (long DE, AGCO, SYT).
I really enjoyed this article on 'lifehacking' by The Escape Artist especially the observation (which by definition I hugely agree with) that:
'The Pareto Principle implies that in any organisation, 20% of the employees create 80% of the value. This is why, if you are any good, you should quit your job and be self employed. Otherwise you are carrying the Facetweeter surfers, the Jobsworths and the Dilberts that lurk everywhere in large organisations'
Got to keep an eye on bitcoin...big volume spike:
Fascinating longer-term (note the scale!) hurricane observation chart here
Company-related observations:
Good interview with the MD of Waitrose on the food retail sector in the UK under the headline 'Supermarkets must rely on 'powers of reinvention' to survive
Trefis highlight that it might be time to look at Las Vegas Sands (and Sands China) again.
An interesting pro-activist call on Yum! Brands a US-listed name with significant Asian exposure that I like. Creating a pan-Asian KFC business listed on the Hong Kong exchange and headed by a Chinese national would limit the pressure being placed on the business by the Chinese government.
2015 is "now the most likely date" for Google Glass' full commercial launch, Reuters reports in a story about tempered expectations for the display glasses. Seeking Alpha note that Glass was once expected to see an early-2014 commercial launch. For now, only a $1,500 Explorer Edition is available.
Probably good that Google retains a dominant position in search...
What people use corporate bathrooms for...disturbing (link here).
A guide to what each European country is worst at:
Good interview with the MD of Waitrose on the food retail sector in the UK under the headline 'Supermarkets must rely on 'powers of reinvention' to survive
Trefis highlight that it might be time to look at Las Vegas Sands (and Sands China) again.
An interesting pro-activist call on Yum! Brands a US-listed name with significant Asian exposure that I like. Creating a pan-Asian KFC business listed on the Hong Kong exchange and headed by a Chinese national would limit the pressure being placed on the business by the Chinese government.
2015 is "now the most likely date" for Google Glass' full commercial launch, Reuters reports in a story about tempered expectations for the display glasses. Seeking Alpha note that Glass was once expected to see an early-2014 commercial launch. For now, only a $1,500 Explorer Edition is available.
Probably good that Google retains a dominant position in search...
Seeking Alpha notes that Siemens' CEO has announced that the firm's healthcare unit will remain within the company for the foreseeable future. "The healthcare unit will be operated as an independent company within the company as we aim to strengthen the health business at Siemens and to prepare it for the future," says Joe Kaeser.
What people use corporate bathrooms for...disturbing (link here).
A guide to what each European country is worst at:
(h/t @SonyKapoor)
Interesting presentation slide via @GBuckenknapp:
Have a good week
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