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Fact Finder, The

@TheFactFindr

Oct 19

1/n #RED #ALERT !! This has to REACH MAXIMUM people so people #RETWEET. You will Understand ONLY when you have read it. I have been talking about the Impact of Interest Rates on #AssetAllocation. There could be NOBODY ELSE world-over who understands this, better than #LarryFink

2/n In response to a question potential for client rebalancing into fixed income just as rates and markets eventually stabilize.

ANSWER: “Traditional 60-40 allocations are certainly at a balance, and portfolio liquidity profiles have also been impacted.”

3/n “for the first time in years, investors can actually earn very attractive yields without taking much duration or credit risk. Just a year ago, the U.S. two-year treasury notes were yielding 25 basis points”

Read 16 tweets

Fact Finder, The

@TheFactFindr

Oct 19

#EU #NATURALGAS: #OUTRAGEOUS Forecast …. Can #NaturalGas in the Europe Spot Market #CRASH TO #ZERO !!

Here is the thing, There are more than 35 LNG-laden vessels drifting off Spain & around the Mediterranean, with at least 8 vessels anchored off Bay of Cadiz. Why ?

Europe's lack of "regasification" capacity since all these years they were depending on pipelines and not LNG which is liquid cooled. HOW BAD? “declaration of exceptional operational situation", Spain's national gas grid operator Enagas said it may have to reject unloads of LNG

Floating storage levels in LNG shipping is at all time high levels with slightly more than 2.5million tonnes tied up in floating storage. These guys are speculators holding cargo as well.

However..While Day Head Power has fallen, but Month Ahead has crashed to <30…

Read 4 tweets

Fact Finder, The

@TheFactFindr

Oct 19

https://twitter.com/SahilKapoor/status/1582211523648577536

LET ME EXPLAIN the disconnect.

The reason you see this disconnect is coz your not looking at the FX Forward Premium Collapse and the run down in FX ….. providing a decent Arbitrage opportunity

https://twitter.com/SahilKapoor/status/1582211523648577536

Attached is the 12 Month Fwd Premium for the USDINR. It’s just at 2.5%. What INDIA 10yr GSEC yield ? 7.43%

What’s US 10yr? 4.03%. I can hedge my USD for 1yr at just 2.5% and capture $ 5% YTM on the India GSEC.

Besides that, We know that India TAX collections are Buoyant and GOVT is sitting on atleast Rs0.8 Trillion of UNUSED Budget for FY23 and

FURTHER non-excise tax collections, before devolution to the states, to exceed the estimated budget estimates by Rs3-3.5 Trillion

Read 4 tweets

Fact Finder, The

@TheFactFindr

Oct 19

PM-CARES Fund, created in 2020 at the start of the Covid-19 collected ₹10,990 crore in its first year till March 2021, and utilised ₹3,976 crore, or 36.17% of the money for various relief and capacity building measures, according to an audited statement posted on its website

Of the money spent, the maximum went towards procuring Covid-19 vaccine doses -- ₹1,392 crore (35%) to buy 66 million shots. Couldnt we spend all of this money on vaccinations and reduce the Burden on People ?

A total of ₹1,311 crore (33%) was used to buy 50,000 “made in India” ventilators, and ₹1,000 crore was disbursed to states and Union territories (UTs) for the welfare of migrants.

Read 4 tweets

Fact Finder, The

@TheFactFindr

Sep 1

https://twitter.com/DoUGetMyPoint/status/1565376037223297024

Surely … let me make a few recommendations to the solution. Let me start

https://twitter.com/DoUGetMyPoint/status/1565376037223297024

(1) Dismantle the Adani, Ambani & Tata Groups within Domestic Industries Eg, Adani Ports already has 65% of Pvt port capacity & 50% of Nation wide volumes

(2) Make CCI (competition commission of India) more active so that they break up India’s OLIGARCHS before it’s too late

(3) Make the ED independent so that Corp India is less scared of them. REMOVE Electoral Bonds.

(4) Provide the Judiciary with significantly more manpower so that cases can be heard quickly. Also we need a Judiciary that is NOT afraid (not sure how this can be changed)

Read 21 tweets

Fact Finder, The

@TheFactFindr

Aug 22

https://twitter.com/_Shelby_Co/status/1561711550876233730

#FX Should #INR be compared to the #EURO, #JPY and #GBP ?

Thanks for asking your question…

Common #Narrative that #INR has done well when compared to the #JPY, #GBP and #EURO. It’s a Entirely FLAWED Argument and many Global Macro guys must be laughing at our TV Experts.

WHY?

https://twitter.com/_Shelby_Co/status/1561711550876233730

Let’s look at JPY. This country runs a large current account/trade surplus. Yet it’s currency depreciates ? Why. COZ the central banks wants INFLATION. And it doing YCC at 0.25%. It will continue to do YCC (Print JPY) until inflation hits a respectable amount. But Japan is

Growing old. And Old Economies don’t witness inflation. Coz Old people don’t consumer new cars, consumer durables or new houses… so commodity demand falls and inflation falls. So to drive inflation, they print money. So the JPY depreciates vs it’s natural tendency to Appreciate

Read 9 tweets

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