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Raoul Pal
@RaoulGMI
, 4 tweets, 1 min read Read on Twitter
My weekly public notice. Spanish banks keep plummeting... Banco Sabadell, new all time low at 80c and down 99% from peak.
And Bankia, which is mainly state owned, is also at a new all time low...seems the state bailout failed.
And in case you weren't aware, Bankia is already down 99%.
Don't get complacent out there...
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Raoul Pal
@RaoulGMI
China was the first place to signal to me that the world had gone from reflation to disinflation back in Spring 2018, asset after asset followed suit thereafter. China bounced somewhat this year but it now rolling over...
The Shanghai Comp has formed a smaller degree GMI Crash Pattern (a dramatic sounding failed rally) and will confirm on any prices lower than here. It would suggest that the market backdrop is again moving from benign to more risk averse.
The most likely knock on effect is the break of 7 in the RMB (which will be falling in line with RoW FX markets vs dollars - remember the RMB is a basket)
Read 12 tweets
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Raoul Pal
@RaoulGMI
There are only three PMI's in the world that are above 50 - India, Brazil and the US. All three are decelerating too. A reading blow 47 usually signals recession. All PMI's are falling very fast currently. A global recession is just a few months away.
Here is the global PMI...
And here is global GDP...
Read 4 tweets
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Raoul Pal
@RaoulGMI
If you haven't watched @smacca3000 incredible piece on the Japanese banking sector, you are missing out. Really fascinating and was entirely new to me...

Prepare for a Japanese Banking Meltdown? | Real Vision realvision.com/tv/shows/inter…
@smacca3000 I just rewatched it. For me it was the hidden gem of the entire 2 weeks of Recession Watch programming. My jaw literally hit the floor watching it and a very big penny dropped. Japan. It is not on anyones radar. It has to be. The banks are in deep trouble.
Here is the zoomed in version... remember, this is the world's largest private sector creditor nations' banking system we are talking about and the the most indebted sovereign.
Read 3 tweets

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IndoPacific_SCS_Info
@IndoPac_Info
The #Vietnamese Navy & Coast Guard have been mobilized & are in high alert status. The info running around in Viet military circles is that the Chinese ships are acting very aggressively and attempted to ram VN vessels. @CollinSLKoh @duandang @BonnieGlaser
The Chinese survey ship is protected not only by Chinese coast guard vessels, but also by Chinese navy ships positioned behind the Chinese coast guard vessels. The Chinese ships are near the DK-1 area of Vietnamese oil rigs & platforms.
Both sides are keeping things under wraps for now. There is no official information or media news about this situation. The situation is tense, but is not at the level of the 2014 oil rig incidents, for now. Pictures of the DK-1 oil rig area that is next to the contested area.
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🚨 REDPilledCrasH
@Michaelcraddo16
NEW #Q #3336

foxnews.com/politics/trump…📁
PANIC IN [DC].
Q
NEW #Q #3337

Important to remember.
Page is public.
Remainder are still classified.
+Cruz
Q

#QPosts
NEW #Q #3338

Image Name👉cruz.png

>>6572005
+Cruz
>>6572130
Follow the watch.
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#QPosts
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molly 🐶
@socialistdogmom
begrudgingly complying with the laws about public access and transparency is not actually the same thing as engaging with the public!
i don’t mean this as a gotcha or a criticism of the individual at @CvilleCityHall whose job it is to post the notices, but there is a problem. it isn’t just the lack of convenience of meetings not being noticed online, actual legal notices of public meetings aren’t being made.
here’s a member of the towing advisory board talking about a meeting that was supposed to take place and only didn’t because the board itself failed to show up. and here’s the notice board at city hall that same day - no notice of such a meeting.
Read 7 tweets
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Richard James
@RichJamesBits
I have reached a whole new level of #PISSEDOFF.

I didnt think such a #dark and #scary state, or level, could be reached. It may top 12-14-17's causation. It's. That. Bad. So, I've prepared a statement...

docs.google.com/document/d/1_J…

#PascoSheriff #HaveYouAllNoShame @CigarCityBeer
Dear @FBI,
I must implore you ask your colleauges in @FBITampa to help research this new level of #PISSEDOFFNESS. As locals, they may offer a special indepth knowledge of this new level I have reached. This is not fair & law enforcement must #investigate. No one deserves this.
This is my #apogee of #Pissedoffness.
If #motherfuckers & #tears werent a noticable level.
If #HUSH or #INTIMIDATION tactics being deployed didnt strike a chord.
If #EVIDENCE, PROOF, or 30k Bonds didnt #WOW YOU.
If posting mom with no shred of investigatable value wasnt enough...
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The People's Archive
@PARInetwork
The landmark #SacharCommittee report that collected & analysed data on the social,economic & educational status of Muslims in India is now available in our resource section. Specifically,it tried to gauge if & why Muslims are under-represented in govt departments & other spheres.
Here are some of its findings. ruralindiaonline.org/resources/soci…
The 2001 Census showed that #literacy rates were low among Muslims, Scheduled Castes and Scheduled Tribes.
The perception that religious conservatism among Muslims is a major factor for not accessing #education is incorrect. As with many Indians, the main reason for ‘educational backwardness’ of Muslims is abject poverty, which forces many children to drop out of school.
Read 15 tweets
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Noah Smith
@Noahpinion
1/OK, just for fun, let's evaluate the demands of The Communist Manifesto in terms of modern economic theory:
2/Demand 1 is to abolish private ownership of land and apply the rents to public purposes.

This is EXACTLY the optimal policy recommended in a famous paper by Arnott & Stiglitz, and is also known as the Henry George Theorem.
papers.ssrn.com/sol3/papers.cf…
3/Demand 2 is a progressive income tax.

Our best evidence indicates that progressive income taxes don't discourage people from working very much: rajchetty.com/chettyfiles/mi…

So this is a pretty "safe" form of taxation.
Read 12 tweets

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