All right, I’m gonna do this for Kiev. Wicked Putin or no Wicked Putin. Guards, tanks, planes, bombs or no guards, tanks, planes, bombs. I’ll tear them apart. I may not come out alive, but I’m going in there. There’s only one thing I want you fellows to do...
-Tin Man & Scarecrow,
-What’s that?
-The Lion
Talk me out of it!
The tragedy's that the global moral conscious has no Lion, the most unsettling is that we're probably almost certainly better off with no such lions, but God! it feels so cowardly...to think that the stock market can be bought off by the suspension of a rate hike...I despair
But we can be political lions - we need day dreams, they're surely gonna lead to a betterment of the world...let's dream of better political leadership, of REAL sanctions that reflect our disgust and a liberty pipeline that brings gas to the continent without blood and tyranny
Dream of the public better understanding the operation of the EU carbon permit system, mobilise our forces to reject the cynical forces that seek to use crisis to further their own selfish ends. Save our souls, save our ozone, save our sanity; that's a plenty lot of daydreaming.
And obvious trades? I was composing an email to my French bank. Pleading that I be allowed to hold $s in the pocket that backs my € loans and @RaoulGMI 's sell € hits my screens. Consequences. Years of cowardly energy planning insist that the € gonna break parity with the buck
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..