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5 Feb, 4 tweets, 2 min read
@Trinhnomics is with @LondonBreed . I mean, this SF School District has been an abomination as it focuses on renaming schools & other non-essential shenanigans etc. versus trying to teach students that desperately need an education.
This is what the SF Board has been working on: renaming schools, yes even Washington, Lincoln, Jefferson & Dianne Feinstein that it deems offensive.

Meanwhile, its #1 job of educating children is being neglected. I mean, someone do something about this.

newsweek.com/san-francisco-…
These are the people finding the school names offensive & prioritize renaming them versus teaching kids. None of them are black. The 1st black mayor of SF says that renaming the schools none sense & wants them to do their job. How did these people get their jobs & who are they?
Like they just sit around & say that Dianne Feinstein given name, our Senator, is offensive? Which planet are we on to have these people in charge of our children's education?

I find them all very offensive to my sensibility. What should we do? Rename? Hope she wins the lawsuit.

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More from @Trinhnomics

Trinh Profile picture
1 Feb
This issue of income inequality, specifically generational gap of wealth, is global. In South Korea, the youth has faced such a harsh labor market while asset prices such as housing have gone higher, making it hard to start a family (fertility dropped further & lowest in OECD).
Household debt went up in South Korea & some even borrow to invest. Before Covid-19, household debt was amongst the highest in Asia as the young & elderly took out debt to sustain consumption as labor market was weak. The short-selling ban caused many to want to join the rally.
I argue that they need to end the short-selling ban in mid March as intended (already 1 yr long) because it will only lead to more excessive risk taking & can only end in tears. Regulators need to protect retailers from falsely believing that there's no risk in equities.
Read 5 tweets
Trinh Profile picture
1 Feb
Good morning! Happy 1 Feb & beautiful day in HK. So far Asian data is not so bad for January, which means we're starting 2021 on a brighter note (not all).

Korea rocked it w/ exports & PMIs accelerating. Taiwan too! Yes, techies winning again. While Malaysia & Thailand sagging☹️
China Caixin out at 945 & markets expect some deceleration. Indonesia CPI is also out at noon. Key today is India's budget at 130pm HKT: People expect fiscal prudent (fiscal deficit narrowing but mostly on nominal GDP ). Let's see what India comes up with but no big bang je pense
Let's check how the global vaccine effort is going (our recovery is hinged on this as suppression measures are getting worse not better unless we can achieve this).

The US, esp CA, is getting better & using up 63.8% of total supply so things are kicking up a gear! 👏🏻
Read 8 tweets
Trinh Profile picture
29 Jan
As no one is interested in Asian economics today I'll just sit back & enjoy the show.

We have a raging pandemic & everyone, including the White House is on this case? Very very 2021.

🍿🍿🍿

Read my thread on millennials. Class warfare is the theme of our decade.
Btw, retail investors are gaining steam not just in the US but also in Asia. Why? Well, imagine sitting at home, being made unemployed by Covid-19 government policy, & seeing that people are getting richer buying stocks that seem to have 1-way up, wut do u do?

Get involved!🤗🇹🇭
Policy rate in Thailand is 0.5% (same in Korea where the same phenomenon is happening). Ordinary people are looking around seeing economies devastated but equity markets buoyant got the memo & getting super involved. Motivation is warranted to not miss out on asset inflation but.
Read 4 tweets
Trinh Profile picture
25 Jan
Let's track India vaccination efforts (redo as older tweets had many errors):
*It has delivered 1.6 million doses (need 2 per person) in the past 9 days
*Goal is 300 millions by August 2021 or slightly above 20% of total population

India & Indonesia amongst the earliest to start
India is the best emerging market in Asia in term of vaccine acquisition as a share of total population. Many haven't acquired enough.

For India, even w/ enough, its goal is only slightly above 20% by Q3 2021 & it also has one of the earlier starts in Asia.
This is the distribution schedule (X axis) & many start in Jan or Feb but don't let the start date fool u, you can start, but finishing depends on available doses (acquisition key) & also goal of pace of distribution.

No Asian economy has a goal to finish 100% by end 2021.
Read 9 tweets
Trinh Profile picture
22 Jan
Janet Yellen. What do u think of her? Kept the bubble going longer (barely raised rates) & now head of the treasury. Either way, we are here: fortunes of the fortunate rise higher every day while the poor stuck in a rut, waiting for handouts/claims as basics rise higher & higher
Janet Yellen: 1st woman to be head of the Fed, a labor economist so cared more about unemployment, meaning a 🕊️& kept rates low to "promote" labor.

She believes in smoothing the business cycle (Keynesian). Question is, to what end?

Unemployment did drop but inequality higher.
As someone who was head of the Fed to believe that interest rates - persistently low rates through influencing price & quantity of $ - helps labor requires a lot of trickle down effect. But assets like housing, an essential, became more expensive faster than wage growth. So what?
Read 8 tweets
Trinh Profile picture
21 Jan
Well done @lienh : The story of Vietnam can be a story of many EM (it's not just about Covid-19), but that once you have walked down the wrong path, it's never too late to make a U-turn.

Knew Lien when Vietnam was the worst story in EM circa 2011-2012 & its choices led it here.
Vietnam is behind its own schedule: Was supposed to be an industrialized nation by 2020 but then mismanagement of liquidity/banking system/corruption wasted about a decade of development as it took 1 step forward several steps backward. But the key was that it learned its lessons
If u want to harvest, plant a tree 10 years ago. If u want to harvest in 10 years, plant now. Meaning, people, company, and countries don't become who they are overnight - takes the will to change & the consistent & persistent actions to get there, esp when u start at the bottom.
Read 7 tweets

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