✨ Value Investing Substack NEWS - DEEP-DIVE: SONY
Ex-Barclays CEO Rises Again, Terra Co-Founder Wiped Out, MRNA Vaccine Efficiency Peaking, Myanmar Junta on Backfoot, UK COVID Infections Rising, G-7 Bans Russian Gold, JPMorgan: Opulence, I Has It
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When betting against a Central Bank, please remember that:
- The Central Bank has access to a potentially infinite balance sheet with no PnL volatility or margin calls
- The opposite is true for you
This chart is a good reminder that it hardly pays off to p*ss against the wind
Their findings add to the increasingly grim picture now emerging about mRNA shot protection against Omicron. A base regimen of two mRNA shots offered about 50 percent protection in the first three months, but by six months out it had fallen below zero, meaning people who had received the “vaccines” were more likely to be infected.
The researchers found that a third mRNA dose briefly raised protection against Omicron over 50 percent, but after just one month it had declined to about 40 percent. (mRNA boosting started relatively late in Qatar, so the researchers did not have longer-term data.)
In contrast, protection that natural immunity offered against Omicron remained solid even a year after recovery:
Further, giving people who had natural immunity two shots of mRNA did nothing to increase that 50 percent protection. In other words, the public health argument that vaccination helps people even if they were already infected has proven wrong.
In fact, though, their data suggested that vaccine effectiveness against severe disease and death fell to about 70 percent for people who had received two shots; prior infection provided protection against severe disease that was at least as strong - and stronger, compared to the Moderna shots.
LINKS
Stock Markets:
Terra co-founder lost nearly all his wealth in wipeout, WSJ says
Singapore regulator vows to be ‘unrelentingly hard’ on crypto | FT
7-Eleven Malaysia: Higher sales, footfall recovery to cushion impact of minimum wage hike
CNX, CNX Resources - A Masterclass In Capital Allocation Unfolding Before Our Eyes [Reddit]
Macro
ASEAN:
Asia:
America:
The Fed’s war on inflation is also a battle for the minds of consumers | FT Opinion
Pentagon increases in 2022 could almost fund Build Back Better
For anyone keeping track, that is 83% of the annual cost of Build Back Better - in just six months. This is despite the fact that the U.S. already has a military budget larger than the next nine countries combined (some of whom are allies), and more than twice as much as China and Russia combined. The U.S. and NATO also spend more than 17 times as much as Russia.
News & Other:
Emma Watson Will Return To Harry Potter If JK Rowling Isn’t Involved
1.7m people had Covid last week as levels continue to rise in UK
Research released earlier this month revealed that an Omicron infection offers little extra protection against catching it again, while on Friday the UKHSA said BA.5 was growing 35.1% faster than the previously dominant Omicron subvariant BA.2, while BA.4 is growing approximately 19.1% faster. Hospitalisations are also increasing, with data from the UKHSA released on Thursday revealing the hospitalisation rate for Covid in England has risen from 6.11 per 100,000 to 8.20 per 100,000, with rates highest in the north-east and in those aged 85 and over.