21 Sep 2021 | Value Investing Substack NEWS

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Value Investing Substack
My thoughts on US inflation
Should we worry about US inflation? Arguably not. Can we do better with US inflation? Arguably not. If inflation transitory? Maybe. Is inflation persistent? …Maybe. (this is why economics is called the dismal science!) What is going on in Jay Powell’s head today…
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Mapping U.S. Chip Company Exposure to China
BLUF: This post analyzes financial filings from 15 of the largest publicly traded U.S. chip companies from 2016-20 to determine their exposure to the Chinese market. It finds that U.S. semiconductor firms on average derive 31% of their net revenue from sales to China, though this number can reach as high as 60% for certain individual firms. This post al…
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The Pomp Letter
The Economic Data Can't Possibly Be Accurate. Here Is Proof.
Listen now (8 min) | To investors, I hope each of you had a great weekend. At the end of last week, I saw a chart that really confused me. It showed the difference between the CPI Rent Index and the Zillow Rent Index. These numbers show that Zillow is estimating rents are increasing about 5.5% to 6% annually right now. The CPI Rent Index is showing just under 2% rent growth…
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  1. What Does Evergrande Meltdown Mean for China? | Michael Pettis of Peking University on Evergrande

  2. Evergrande; Mixed signals on regulatory crackdown; AUKUS

  3. GMT Research scoop on Evergrande in 2017:

  4. S&P Global | Evergrande Default Contagion Risk: What It Means For China Sovereign And Banks (open to public):


  1. The United States of Sanctions

  2. Statement by President Joseph R. Biden, Jr. on the Executive Order Regarding the Crisis in Ethiopia

  3. Carousell, which Shopee copied from in early days, has finally become unicorn

  4. Missing Chinese entrepreneur briefly surfaces on eve of book’s publication
    Duan Weihong called her ex-husband and warned him to cancel the release of his book ‘Red Roulette’: https://www.ft.com/content/9d33b101-f3b0-4de4-a046-4019a3b4a00f?shareType=nongift

  5. Philippines' Manny Pacquiao to run for president in 2022

  6. China Evergrande: Investors assess risks of likely default

  7. Cover Story: How Evergrande Could Turn Into ‘China’s Lehman Brothers’

  8. Didi co-founder Jean Liu told associates she plans to leave

  9. Xi’s celebrity crackdown no match for Universal Studios in China

  10. Peter Thiel Claimed Zuckerberg Agreed to Push ‘State-Sanctioned Conservatism’ Under Trump Deal, Book Says

  11. Yellen, IRS Push Democrats to Require Banks to Report Taxpayers’ Annual Account Flows

  12. India could surpass the UK as the world’s 5th largest stock market by 2024, Goldman says

  13. U.K. Soft Drink Makers Have Just Days of Carbon Dioxide Left

  14. Petrol stations, eateries, convenience stores can open until midnight, says Hisham


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