Oil, Energy and Macro. Investing and Trading. I stay out of politics but not science/math. AI, Biotech, Fusion & Quantum Reweet/follow ≠ agreement. Lucky≠Good.
Switzerland
Joined December 2009
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This is just stupid click bait (fell for it!). Or of course you can transfer the money electronically. It makes sense for safety reasons they don't keep loads of cash in there to hand out.
You can take that out of the machines in 10 notes in Switzerland.
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Indonesian rivers level is low enough that barges can't move stuff inland easily anymore.
That is important for mining and for power generation.
You may have surplus of LNG, coal or diesel in one island, but this is an archipelago, so coastal barges/inter island/riverine barges must function otherwise shortages might develop.
The situation in Indonesia is not good.
Drought, coal exports at multi year lows, El Nino and political turmoil. Heavy government intervention in the mining sector.
Indonesia is quite important for coal, palm oil, tin & nickel exports, but also for sugar and grains imports.
The willingness they have to control all imports and exports via government agencies is the mother of many, many evils among their bureaucracy.
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From today's Shrubstack:
"Inflation in August was lower in Zimbabwe than the UK and the US. We used to afraid of becoming Zimbabwe, but soon we will be aspiring to become Zimbabwe. Can't make this up."
🤭🌳
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Excellent. Might consider building another one towards the east coast too.
Canada says it will fast track the approval process for a new proposed crude oil export pipeline to its west coast that could generate over $14 billion a year in GDP. The pipeline is designed to diversify Canada's economy away from the US reut.rs/4hGXtHT
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Commodity tracking firm Kpler accused of receiving data inputs directly from US government sources as old methodologies are abandoned in favor of censor approved tracking methods
SK are going make make lots of money on their investments. Selling power to the US for data centres. Nice.
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🦔McDonald's is using AI to set menu prices at individual restaurants based on "customer willingness to pay" in each area, per Reuters. A Big Mac costs $5.69 at one Fresno store and $6.89 two miles down the road. Franchisees say corporate pressures them to follow the AI's recommendations. CEO Kempczinski told investors that "pricing non-compliance" affects contract renewals. The tool once recommended an $18 Big Mac in Connecticut.
My Take
McDonald's stock is down 30% since February. Low-income traffic declined nearly double digits over two years. And their big idea is an algorithm that calculates exactly how much more the people who still show up will tolerate. I don't know who approved this but I'd love to see that meeting.
McDonald's makes money from rent and a cut of store revenue. Higher menu prices flow directly to corporate. But the franchisee is the one who has to look a customer in the eye and explain why a Big Mac costs $6.89 here and $5.69 down the street. McDonald's builds the tool, pressures owners to use it, and then its own pricing portal warns franchisees to get independent legal counsel because they "may be competitors of each other." Wendy's and Instacart both tried dynamic pricing and both backed down. McDonald's is pushing ahead because it doesn't absorb the risk here, the store owner does.
Hedgie🤗
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PORSCHE PIVOTS BACK TO PETROL AS EV DEMAND WEAKENS
Porsche is reviving its petrol strategy, with a combustion-engine Macan planned for 2028 after electric Macan sales fell 40% in H1.
CEO Michael Leiters says EVs remain part of Porsche’s future, but their higher costs continue to pressure margins.
With China deliveries down 32%, Porsche is restructuring operations and plans to eliminate 9,000 jobs by 2035.
US government bonds have posted their worst month in four years as investors warned the world’s most important debt market has been gripped by a “vicious loop” of selling.
ft.com/content/39de7709-7b5b…
Trumpo said former Federal Reserve chair Jay Powell should be forced off the central bank’s board even after an investigation into a $2.5bn renovation project found no evidence of criminal wrongdoing.
ft.com/content/78431eef-50ee…
#Philippine central bank has warned that a potential “Godzilla” El Niño weather phenomenon threatens to fuel inflationary pressures in an economy already reeling from high oil prices
ft.com/content/390fafe6-88bf…
4x4s is agressive. You can't part the Escalade in Geneva. There are probably 200 places in the whole canton that could fit that.
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Breaking news: US longer-term borrowing costs have hit their highest level in almost a quarter of a century as a recent sell-off in the Treasury market deepened. ft.trib.al/yKeYWwV
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Iowa has the second-highest cancer rate in the US - and it’s reshaping the state’s hugely competitive midterm elections.
My latest for @Reuters:
Smells like a disaster waiting to happen. When the website goes down due to DoS attacks there will be lots of headlines about America Gov crashes.