“It’s not rocket science—it’s much more difficult!” Why we can’t just manufacture more chips. Nvidia’s GeForce RTX 3090 squeezes 8.3 billion Transistors into a Total chip area: 6.28 cm² @ianmking @ad_leung @pogkas bloomberg.com/graphics/2021-… https://t.co/SZnrNY3Loo
Asia is about to displace US-Europe as the hub of global oil refining. Long-term petrochemical production displaces petrol as the main line of production. Important long read this. bloomberg.com/news/articles/… https://t.co/052D7Y94gA
Its truly a good time to be in the lumber business in the US. Prices surging. Profits rolling in. wsj.com/articles/recor… https://t.co/5vQlAQIW1P
In 2020 TSMC made an operating profit of $20bn on revenues of $48bn. With a resplendent market capitalisation of $560bn, the world’s 11th-most-valuable company. How Apple’s iPhone6 created a global giant. economist.com/business/2021/… https://t.co/GbLuHj3Yf7
EZ inflation? “I just don’s see it. The pricing power being rediscovered by some global firms is not on its own enough to generate persistent inflation. You need a strong labor market. We think the labor market is going to lag.” THANK YOU Philip Lane bloomberg.com/news/articles/… https://t.co/VRCEklNA0f
Do digital currencies pose a threat to the dollar’s hegemony. This skeptical take by @senoj_erialc is excellent! ft.com/content/beb173… https://t.co/Jw6uJY8e3B
South Africa’s trade surplus is surging. Exports are up strongly. thedailyshot.com/2021/05/04/tre… https://t.co/SwahGGZFzr
"William Kentridge’s organic, earthy ink wash, red pencil & collage piece Drawing from Waiting for the Sibyl (Comrade Tree, I report to you) (2020), which went to a private US collection for $700,000.” @friezeofficial NYC seems to be off to a good start! theartnewspaper.com/news/it-is-lik… https://t.co/hCXPAkooej
Europe’s biggest private-sector employer VW (500k staff in EU) says it is not under pressure to raise salaries, reinforcing central bankers’ forecasts that the region’s economic rebound from the coronavirus pandemic is unlikely to fuel sustained inflation. ft.com/content/00743e… https://t.co/0nSeBInzRf
How high might inflation in US go? "If the ongoing fiscal expansion reduces unemp to 1.5-3.5%, underlying inflation could rise to about 2.5-3% by 2023.” In line with Fed target average infl target Ball, @GitaGopinath et al lay down some good sense! voxeu.org/article/us-inf… https://t.co/u4zBOK8owr
Was a time, 15 years ago when Indonesia was a high-inflation EM. No longer. @SoberLook thedailyshot.com/2021/05/04/tre… https://t.co/C6NpxXrlBO
Yet another poll out of Germany with the Greens clearly ahead of the CDU. twitter.com/YanniKouts/sta…
RT @maxkrahe: @PhilippaSigl saying it like it is! handelsblatt.com/unternehmen/in…
RT @EMPosts: THIS JUST IN: Germany's Angela Merkel OPPOSES the waiver of vaccine intellectual property protections at the WTO. Says it wou…
EU battery production doubled in 2020. @SoberLook thedailyshot.com/2021/05/04/tre… https://t.co/HyUgQVPVMY
Apparently the N Korean regime is not terribly keen on this image of Kim Jong-un. On show at a block buster show of North Korean art. nytimes.com/2021/05/05/art… https://t.co/hUomJ3twxq
Bill and Melinda Gates foundation and philanthropy has disbursed $55bn over 30 years. Current annual funding is $5bn. ft.com/content/5cefb4… https://t.co/CgZ4s3cnMb
In a tour de force of discovery, recovery, and analysis, an interdisciplinary research team has uncovered a 78,000 year-old burial site in Kenya – the oldest burial site so far discovered in the cradle of humanity. nationalgeographic.com/science/articl… https://t.co/9t92KcVMtE
US private-sector financial assets as a percentage of GDP surged from a rain of around 3.5 up to the 1990s to a ratio of 6.3 thedailyshot.com/2021/05/04/tre… https://t.co/KsCwsDPt6C
"on what IMF calls a “business as usual” emission path, China would generate 40% of increase in emissions between 2020 and 2052, India 15% and other developing countries (excluding Russia) 35%. In the long run, these will be the decisive countries.” ft.com/content/3fa154… https://t.co/bsLZQFamC3
Colombia’s protests were triggered by tax proposals, privatization of health, but the protests are "in effect a resumption of the big anti-government demonstrations of late 2019, which began in Ecuador and Chile and spread to Colombia” @gideon_long ft.com/content/eedc1f… https://t.co/A5x13dZUY5
"Centuries from now, our descendants may look back on this decade as the one in which the chances of mitigating irreversible climate damage were lost.” @martinwolf_ ft.com/content/3fa154… https://t.co/CgXgo7lFux
In 2000 US corporate investment in tech was half that in structures. Today it is twice that in structures. reuters.com/business/stick… H/t @SoberLook thedailyshot.com/2021/05/04/tre… https://t.co/eUjktOU2Dq
RT @sdonnan: More than 600k Americans filed for unemployment last week. That’s good. The numbers are coming down. It’s a pandemic low……
Wearing a huge cowboy hat & carrying a giant yellow pencil — symbol of his left-wing political party — Pedro Castillo alarms Peru’s wealthy. For global capital, consolation is that demand for copper is surging and there are other places to mine copper. ft.com/content/f5bd2d… https://t.co/enD3e5yDI7
A late 1960s commemorative photomontage of veterans of 13th Guards Rifle Division and combat route of the Division during Great Patriotic War 1941-45. General Rodimtsev is front center left. The heroes of the Stalingrad city fight. Amazing website this: 13thguardspoltavaskaya.com/history.html https://t.co/OjC2udWKKn
RT @alanbeattie: BOB LIGHTHIZER: Watch me totally shake up the global trading system with my steel tariffs, soybean purchasing agreements a…
David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage their money – exploiting their long time horizon to focus on alternative investments – has died from cancer aged 67. @RobinWigg ft.com/content/754d3e… https://t.co/0v0x9mOfqr
Will Draghi be the cross on which far-rich Giorgia Meloni and the Fratelli d’Italia nail the League? Will a marginalized far right be more manageable than the inside-outside League? ft.com/content/59d525… https://t.co/CJVNWZo7Jd
RT @kmac: G30 report is *scathing* about credit ratings agencies downgrading countries in ways that encourage freeriding, punish for seekin…
US investment growth is normally closely tied to employment growth. And then 2020 happened and things got a bit weird …. thedailyshot.com/2021/05/04/tre… https://t.co/SAxLjvErJJ
Brussels’ new action plan to implement "social pillar" aims to raise employment rate of 20- to 64-year-olds to 78%, from 73 in 2019. Ensuring 60% of adults engage in some training every year. Reduce number at risk of poverty by 15 m. Really worth doing! ft.com/content/9679b8… https://t.co/AJXf8xXPXD
The epidemic may be out of control and government finances wobbly, but Brazil’s exports are surging to record levels in early 2021. Data from @SoberLook thedailyshot.com/2021/05/04/tre… https://t.co/2M1kXH8LIV
Portugal holds Council of EU Presidency and is helming effort to implement the eu social pillar. As @MESandbu argues this should be seen not as a luxury Europe afford but as key to its model of productivity and resilience. ft.com/content/9679b8… https://t.co/wXLizxs9sJ
One of the striking difference btw US and Europe in 2020 was the resilience of US capital spending. Of course there was a shock in 2020 but the bounce back was impressive. thedailyshot.com/2021/05/04/tre… https://t.co/1SuKTuZELT
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