Rolfs länktips 20 November 2024

 



Trump has no inkling of comparative advantage; second and worse, 

he does not understand that the trade balance is determined by aggregate supply and demand, not by the sum of bilateral balances. 

Martin Wolf Financial Times 19 November 2024

https://www.ft.com/content/67a36786-8c79-41a2-8f22-3092b0a74d19

Trying to close current account deficits with trade tools could cause serious damage


Risk of new eurozone crisis is rising, warns central bank

ECB said investors were becoming increasingly concerned about government borrowing across the single currency bloc, which has barely grown in recent years.

In its latest financial stability review, it said:

”Headwinds to economic growth from factors like weak productivity make elevated debt levels and budget deficits more likely to reignite debt sustainability concerns.”

https://www.telegraph.co.uk/business/2024/11/20/new-eurozone-crisis-risk-stagnant-eu-warns-ecb/

https://www.ecb.europa.eu/press/financial-stability-publications/fsr/html/index.en.html

https://englundmacro.blogspot.com/search/label/ECB



 Le Pen threatens to bring down French government over budget dispute

EU to Slam France Over Budget Deficit


Ukraina stänger av rysk gas om 42 dagar

https://www.dn.se/ekonomi/ukraina-stanger-av-rysk-gas-om-42-dagar/

Ryssland stoppar gasleveranserna till Österrike från och med lördag


Ukraine fires UK-supplied Storm Shadow missiles into Russia for first time

https://www.bbc.com/news/live/c20726y20kvt


Kina bygger flygfält

Austria set to open way for Bulgaria and Romania to gain full Schengen access

Financial Times 20 November 2024

https://www.ft.com/content/7805349d-2406-495a-b50b-b2bdaad5c78e

Drömmen om gränslöst Europa






Stockholmsbörsen inleder onsdagens handel med relativt muntra miner.





 Strax innan USA-börsernas öppning vände börsen till minus. 
Därmed ser Stockholmsbörsen ut att stänga på minus för fjärde dagen i rad. 




 Stockholmsbörsen sjönk för fjärde dagen i rad

+4,44% i år




Change is the sum of fundamental trends, the gradual elimination of accumulated extremes, and the random arrival of new shocks. 

Before discussing valuations, it’s critical to emphasize that valuations are not a timing tool. 

Valuations are enormously informative about the prospects for long-term investment returns, and potential downside risk over the complete market cycle. 
John P. Hussman November 2024




What Triggered the Crash? - Hussman

Hussman



Många hade nog hoppats och trott att den nya EU-kommissionen skulle segla igenom utan vidare.
Där står hon, von der Leyen, i glad och varm aprikosfärg










The cult of Jordan Peterson
What the Canadian intellectual gets right about young men

Millions despise him. In 2017 academics at the University of Toronto signed an open letter to take away his tenure, in part due to his objection to being required to use gender-neutral pronouns. 

His most famous work, “12 Rules for Life” fans loved it and bought over 10m copies.




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