Discover and read the best of Twitter Threads about #Credit

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Des messages sur Twitter se gaussent de l'idée qu'un État puisse dépenser plus sans forcément s'endetter, ou augmenter le taux d'imposition. C'est pourtant possible par le mécanisme du #multiplicateur keynésien. Essayons de voir cela, en simplifiant bien sur. #Thread
Le principe du multiplicateur a été posé par Richard Kahn, à partir d'intuitions de Nicholas Johannsen, et cela à convaincu #Keynes de corriger son Traité de la monnaie (1931) pour écrire la #Théorie Générale (1936). 2/23 Image
Ce principe #macroéconomique est aujourd'hui utilisé en pratique et admis dans tous les modèles des grandes institutions (FMI, Banque Mondiale, banques centrales, gouvernements…), mais cette pratique se fait avec réticence, en raison de ses implications théoriques. 3/23
Read 25 tweets
We are LIVE tweeting the panel discussion with @doctorsumitseth @RVlahutin @sharads @aurora_ravi @Hiroakitanikkei and @erinwatsonlynn

Stay tuned for updates!

Join us using this link:

#Raisina2022 #RaisinaDialogue
.@doctorsumitseth: e–KYC, e-signatures are an outcome of #digital transformation, where the last man standing has also benefited. This is the silent revolution that has transcended in India; from the #MissedCall economy to #4G penetration

#Raisina2022
.@sharads: #Internet committed the original sin: It became an advertising-supported web. It created an ecosystem where the big three companies have information about us on the internet.

#Raisina2022
Read 9 tweets
Good discussion.
I’ve invested in different types of #credit/lending startups.
Credit is VERY hard but looks ‘easy.’
But I’ve asserted for years that it’s bigger (& more lucrative) than payments. Yet hugely underserved.
That may be a reason for the interest.
Access to cheap debt?
That’s just one variable in the credit equation.
No-file/thin-file credit histories reaffirm but complicate the opportunity.
Ability to pay & willingness to pay are not coterminous.
Consequences of default aren’t well understood across geos.
Better sightline infra is still a WIP.
Underwriting at scale is much harder than it looks. Truly automating this is holy grailish. Many startups are doing this w/ vibes, winks & inshallah. Excel gymnastics won’t save them.

There is a huge gap in the timing AND breadth of products offered vs those demanded or needed.
Read 4 tweets
What is Swix DAO? an introduction to crypto natives.
A 🧵

1/21 The #crypto markets are a great place for people and teams to innovate, to push the boundaries of previously accepted limits.
2/21 That is why I love this space and have committed my time and effort to learn more & more each day, both to find #money making opportunities, and to just see the satisfying growth of this community full of over achievers, idealists, geniuses, & curious people.
3/ That's why today I want to share with all of you the interesting project that we are building at Swix DAO, because I think that if you are anything like me, you would #love to find about this project.
Swix DAO is, as stated in its name, a Decentralized autonomous organization,
Read 25 tweets
Our thesis will consider understanding the patterns of minimum wages (evolution) over last 5 years vs Inflation in the same time period.
We believe that there are a lot of insights that we will be able to un-earth from this pattern and how these two particular attributed are interlinked to each other in an economy.
A particular understanding is required to figure out how wages are connected with consumer prices and on what criteria they are increase.

How do industries react to these increments and what changes are visible over shorter and long terms due to such increments.
Read 5 tweets
Lot of #AMCs come up with different ideas, themes, sectors.

These are demands from #Investors as they have done well in recent past.

AMCs are manufacturers & will offer what is in demand.

Final choice to say YES or NO lies entirely with Investors based on their #NEEDs
What should investors choose and what should they ignore. A point by point guide on where and why to invest in certain #themes, #MarketCap bias, #Sectors, #AssetClasses etc.

What should be criteria for these selections and what should guide them to resist from Investing?
Lets start with #Debt:

Keep enough money as 1 year of your expenses as #EmergencyFunds in #LiquidSchemes

You already have enough exposure to debt as:

1. #PPF
2. #TaxFreeBonds
3. #FDs

No need for separate debt allocation if you are investing thru #AssetAllocation (AA) or #DAAF
Read 16 tweets
Limiting monthly losses is indeed one thing that casinos can do to protect consumers, but they are not obligated to do so in every jurisdiction.

Give Online Gambling Websites #credit
After all the negatives and potential dangers we have touched upon,
artmajeur.com/en/joker123/ne… it’s time to give casinos a bit of a credit where such is due. While online gambling venues are certainly far from ideal and invite risks, dismissing them all together would be unfair. As explained earlier, these websites use many tools that allow
huzzaz.com/collection/slo… them to track data in real-time. That data can then be used to reliably enforce safeguards that will prevent gamblers from coming in harm’s way. Automated tools, checks, and partnerships with AML and KYC companies mean that online casinos can achieve a
Read 7 tweets
With @StateBank_Pak releasing dissaggregated #trade data for December, we have a picture of the full 2021, which, despite #supply #chain disruptions worldwide, was 'good' for #Pakistan. Short thread below:
1\ #exports grew by 30.1% in 2021 w.r.t. 2020, with a strong pick up in merchandise, but also substantive in services.

#trade #Pakistan
2\ To be sure, in #real terms, #Pakistan's #exports remain below its local max in 2011. So, no 'record exports' if we talk real terms and not values.
Read 9 tweets
What is #XRP? How might it affect #globaleconomics? Let us tell you everything you need to know about XRP at the Feb. 3rd @linqtoinc Learn: bit.ly/3FYjJrL
The cross-border #payments we know today are slow, expensive, and opaque. It goes through the 600-year-old correspondent #bankingsystem facilitated by #SWIFT. In short, this takes a while.
#XRPpayments are nearly instant removing #credit and #liquidity #risk from the process, lowering bank costs considerably. The network finds the best price for exchange and liquidity, and customers are no longer locked in, eliminating the settlement risk.
Read 4 tweets
DoubleLine founder and CEO Jeffrey Gundlach presents:

Just Markets 2022 - I Feel Young Again

Today at 1:15pm PT, register here: event.webcasts.com/starthere.jsp?…

#macro #markets #stocks #FX #bonds #commodities #rates #inflation #Fed #QE #bitcoin

Live recap thread⬇️
Jeffrey Gundlach: 2021 might end up running 7% year on the CPI

#inflation #QE #Powell #fed #hikes #rates
Jeffrey Gundlach: Low interest rates coupled with inflation generating negative interest rate.

#JustMarkets2022 #CPI #QE #Fed
Read 48 tweets
Banking Sector!

A Thread.

#Banks #PublicBanks #PrivateBanks

(1/7)
Performance of Bank credit in last decade. Affected due to slowdown in industrial credit towards the second half of the decade.
#Bank #Credit #GDP

(2/7) Image
A triple blow!

1. A commercial credit downcycle due to capital downcycle.
#Bank

(3/7) Image
Read 7 tweets
It was 73 degrees and sunny in #JacksonHole, Wyoming, today; a perfect day for all those who were there….
Yet, there were no #monetary policy officials present at the traditional location of the @KansasCityFed’s late-summer #economic policy symposium, since they were conducting a “virtual symposium.”
That symposium provided #ChairPowell the opportunity to lay out a reasonably sunny perspective on the U.S. #economy, but also one that was not out of the woods yet, in terms of Covid variant risk and a maximum #employment target still to be achieved.
Read 10 tweets
How to trade relative value credit trading strategies (and derivative rv strategies in general)?

#credit #trading
1/ 𝗖𝘂𝗿𝘃𝗲 𝗧𝗿𝗮𝗱𝗲𝘀

The spread curve can be split into 2 parts, 3s10s and 10s30s, which both behave differently. In the long end, buy-and-hold, yield targeting investors (insurance/pension) account for most demand.
2/ Short end of the curve (2s10s) steepens when spreads rally and flattens when spreads sell-off.

Corporates news affects short-term creditworthiness, more than the long term.
Read 30 tweets
How #credit cards were born.

A thread.
In the 1950s, a businessman in New York, Frank McNamara forgot his wallet while dining out, and had to call his wife to save him from washing the dishes.
This embarrassing episode led to the birth of the revolutionary Diners’ Club card- technically a charge card that requires full repayment at the end of each month.
Read 10 tweets
Thanks to @steve_sedgwick & @cnbcKaren for having me on #CNBC #SquawkBox this AM.

What did we discuss? Well, #inflation of course!

I prepared some slides for the show which I'm happy to present in this thread.
1/n
#macro #Fed #Yellen #JeromePowell #bankofengland #QE
Are people in denial or is the #centralbank money flood just drowning all the signals?
2/n
#inflation
#Commodities, #freight, #carbon - and a whole lot besides - sure do cost a lot more, these days.
3/n
Read 14 tweets
Top-Down Vs. Bottom-Up Style of Investment Analysis: Risk Versus Research Desk Perspectives
@GARP_Risk @CFAinstitute @CQFInstitute
In the field of Investment Risk and Research Analyses, the research/risk analyst has to make a choice between two asset selection and/or allocation approaches.
The first approach is referred to as the “Top-Down Analysis” and the second is its opposite, the “Bottom-Up Analysis”.
Read 62 tweets
I am compiling a basic reading list on the areas of modern #money & #credit, where mainstream #macro is poor & misunderstandings are common.

This is work in progress and I will add to the thread as I come across more.

Additions to the list most welcome!

1/n
First port of call, the @bankofengland's "Money Creation in the Modern Economy," which kills (still widely held, sadly) views of banks as intermediaries, money multiplier etc

bankofengland.co.uk/quarterly-bull…

2/n
Second, an old classic, still relevant today for understanding cross border financial flows and thinking carefully via T-accounts, Milton Friedman's "The Euro-dollar Market,"

research.stlouisfed.org/publications/r…

3/n
Read 9 tweets
A thread on what is #creditscore and why is it important?
#credit #creditcard
I'm sure you must have done at some point too! 😛
Which range do you fall in? When did you check your #creditscore last?
#banks #CIBIL
Read 7 tweets
What are new graduates doing to be attractive to banks entry-level analyst programs?
@ABABankers @TheBanker @CIOonline @RiskDotNet @FT
Interesting question.
Banking sector MTO - Management Trainee Officers Program vary from country to country.
In my country Bank Staff Colleges train young graduates to become bankers.
The hired graduates have to undergo an intensive training course by attending several In-house boot camps or lecture hall workshops before they are moved into the formal workplace.
Read 38 tweets
#Fed Put & Financial Conditions Index (#FCI):

#Powell: “…would be concerned by…persistent tightening in financial conditions…”

🚩Just-for-fun graphic: Fed Put - Market’s search for Put’s Strike Price = Fed’s intervention threshold

🚩#DiveIn: FCI & Macro

1/12 Image
So why learn about FCI?
#1 Fed tracks FCI
#2 FCI affects GDP/Output

Traditional Keynesian => s/t Interest Rates affect GDP

Goldman’s Hatzius/Stehn argue (2018 paper) Interest Rates first affect FCI (empirically mild relationship) & FCI then strongly affects GDP (Graphic)

2/12 Image
Financial Conditions Index (FCI)?
▶️One # to capture state of conditions in financial/banking system
▶️weighted average of indicators of interest rates, exchange rate, credit spreads & equity valuations
▶️each indicator expressed relative to its avrg & scaled by its stdev

3/12 Image
Read 12 tweets
Aims of the #GreatReset #American #Bankers #Oligarchy ... "We will promote social justice policies to reduce inequalities including through support to tax redistributive & domestic resource optimization approaches social safety nets & or insurance schemes"
Newly Unsealed Docs in 2018 showed top #FDIC Officials Running Operation #ChokePoint* under 2013 #ObamaAdministration to form public/private oligarchy

* to freeze politically disfavored #businesses deemed not PC / high risk out of the financial system
forbes.com/sites/norbertm…
Read 39 tweets
Lumber Prices Are Soaring. Why Are Tree Growers Miserable?
Sawmill operators harvest gains while Southern landowners struggle with tree surplus; ‘I’m not making anything’

wsj.com/articles/lumbe…
Mortgage Companies Want In on the IPO Boom. Investors Aren’t Convinced. 

Initial public offerings for mortgage lenders haven’t worked out the way all the companies were hoping
wsj.com/articles/mortg… #realestate #rates #home #housing #credit
Read 11 tweets
Daily Bookmarks to GAVNet 12/31/2020 greeneracresvaluenetwork.wordpress.com/2020/12/31/dai…
Sensemaking Reconsidered: Towards a broader understanding through phenomenology - Jörgen Sandberg, Haridimos Tsoukas, 2020

journals.sagepub.com/doi/full/10.11…

#understanding #sensemaking
Read 10 tweets

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