Je vous prie de m’excuser pour mon retard du à la longueur de mon dialogue avec monsieur Poutine
ok, for you non French speakers, "I ask you to forgive me for being late, this is because of the length of my dialogue with Mister Putin,”
Sarkozy said this back at a G8 Summit in 2007. Remember, when we used to invite this psychopath to the top-table...
Sarkozy was apparently pale, breathing hard and certainly not offering his customary and glitzy smile. I met him at a drinks party in Paris once, you know, the type organised by friends with kids at l'école prestigious, Carla was there...
Anyway, the point being that the journalists present had attributed this theatre to the notion of Sarkozy being inebriated from too many vodka shots from his host. The reality was something entirely different and it says much about were we find ourselves now...
Sarkozy had tried valiantly to berate The Monster for the murder of journalists, the war in Chechnya, gay rights you name it. Putin wasn't pleased, he gazed at him intensely, silently and with menace. At laste, good old Sarky finished his sermon. A long silence endured...
Putin finally responded. He waved his hands in the air doing that weird, stupid jujitsu shit, or whatever he does in those silly white pyjamas... He was basically saying your country is nothing, rien! tu m'entends?!? My country is huge, we're the 800 ton gorilla in the EU
And warming to his theme, he leaned forward from his chair, altho you've seen those Russian powwow tables, they're really stupidly long, but in his best psychokilier delivery, he said "You keep talking to me like this and I’ll crush you...” I mean, who says stuff like that?
And so really, my question today is having just witnessed him cross all conceivable lines, having clearly determined that he's not going back, I just don't see him resting with Ukraine. A few sanctions, moral condemnation, yaddyda, ok cancelling the F1 at Sochi, that's gotta hurt
But really, why not continue? His country is p$ss poor and maybe Jimmy Carter is back in the White House? Germany looks kind of interesting. They make all that great stuff that the world craves and they have no gas or energy...
My point is why would this Psychokilier stop having conquered just another p$ss pour country. Germany? France, hmm all the oligarchs tell him it's really nice down there at the coast, why not? It's not like anyone's gonna nuke him?
When you cross the line you just gotta keep walking, right?
Conjecture for eclectica wannabe macro analysts.
Euro Nat Gas Price Structure is All Wrong.
Even tho spot price up lots today and 3x previous winter hi's, its the back-end that ain't right...
That's front month, trading at $62 per million Btu/hour Henry Hub basis which trades < $5...let me say that again, the European power network is similar to the US with both taking c 50% from gas turbine generators except europeans are paying 12x more and this ain't over...
Mar 23 trades higher and much closer to front. That's unusual. Europe needs gas NOW and front winter should operate at huge premiums to bring gas forward. Send me chart of the price compression between Mar 22 and 2023 Mar...I'm guessing the move's been huge. Amaranth teen spirit?
Trip-hopping, Oh Gosh, Oh Gosh I'm Juliette Binoche, the Dice Man vows never to stop throwing.
The child like wonders of curiosity, the Acid Cap was always asking why the sky is blue?
Still furious about environmentalists seeking to prevent all new permitting and exploration for hydrocarbons. Such anarchy is driving energy prices higher. Worse, Europe's profound lack of resources is seeing governments subsidise household energy bills.
You want to join my Eclectica virtual hedge fund game? You bought the NFT yet? Damn I haven't dropped them yet. But this is how it might look in a closed chat environment. Think of this as a trial...
I used to send these thought bubbles to my intel team. I'd examine charts and read all day long. This was before I'd heard of threads and twitter, imagine the fun I could have had back then...
I'd emerge from my dark room with music blasting and reveal what the macro voices in my head were screaming. I'd challenge my intel team to make sense of my exclamations. You want to be my intel team today, right now? You up for that challenge?
At last, the moment has arrived to drop another but very important weekly podcast
#thegreatcarbonswindle
Finance gets a bad rap but I believe we hold the key to improving the global warming crisis. Embrace logic, reject Dadaism before it"s too late. I hope if you feel as strongly as I do that you will encourage others to watch and join a more informed debate
Macro Confessions from somewhere in the future. This week the camera never lies. One moment, I'm trotting out responses under cross-examination from Chris. Ray Dallio, Sure...is he the greatest hedge fund manager ever? What...Blah Blah Blah, I swear I'm gonna hit him, and then..
Macro Confessions Part XXV (APRIL,2012) This week I felt a movement in the time-expanse of the financial universe. In a land far, far away, an elderly, wise man of my acquaintance, my Master and Macro Overlord, bore testimony to a prophecy of bad tidings.
This week we set about deciphering the message delivered by the Godfather of Macro, George Soros, and his latest face-off challenge to China's President Xi. Dr Who (or is that Hugh?) gets trippy to ask, are his apocalyptic warnings from 12 years ago now in play?
This week, in the high stakes game of international trade, I ask, is China the nation that reneged? Does history repeat? Has the Chinese property market mimicked the unstable rise of the DJI in the 1920s? Will there be blood?