3 Oct 2021 | Value Investing Substack NEWS

HUGE Macro dump

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Highlights:

Monetary Mechanics
Issue #21: Trade Idea – Short CNH
In this issue of Monetary Mechanics, I am going to formally outline a trade idea that I have been thinking about for the past few months since the recent reflationary impulse has stopped dead in its tracks. I first formed my thesis before news about Evergrande broke, and although my thesis is not contingent on a major Chinese credit crisis, I still beli…
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Monetary Mechanics
Issue #19: Monetary Policies vs. Monetary Conditions
The Translation of Monetary Policies into Monetary Conditions In this issue of Monetary Mechanics, I discuss in detail the differences between the Federal Reserve’s intended monetary policy stance and actual monetary conditions in the real and financial economy. Although many people believe that the Federal Reserve’s monetary policies are automatically a…
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Ironsides Macroeconomics 'It's Never Different This Time'
Disinflation, Reflation and Inflation: '60s Déjà Vu All Over Again
This is special thematic report, we are placing it outside the subscriber paywall to provide an example of what you can expect as a full subscriber. An abbreviated version of this note was published by my former colleague Jared Dillian, author of “The Daily Dirtnap…
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The Lens
It's Too Late for MMT-Inspired Budgeting
In my recent three-part series on the Congressional “pay-for” game, I lamented the Congressional budgeting process, which is antithetical to MMT. I explained that it’s mostly political theatre, masquerading as “sound finance.” In the realm of the theatric, we’ve seen some…
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Links:

Stocks:

  1. Hong Kong finance chief says city's exposure to Evergrande 'very minimal' - SCMP

  2. Nike, Under Armour and others face supply problems in Vietnam


Macro:

ASEAN:

  1. Rodrigo Duterte: Philippine president announces retirement from politics

  2. Rohingya leader killed for wanting to return: minister (Myanmar)

  3. https://www.thevibes.com/articles/news/43421/overseas-travel-allowed-from-dec-says-pm (Malaysia)


Media:

Stocks:


Macro:


News & Other:


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