If you enter this world, you better stay invested
Your patience, hard work and skills will often be tested
You need to do a lot of research and get your hands dirty
Get out into the real world; doesn’t matter if you’re twenty or thirty
You need to be a well-oiled machine
You’ve gotta be the sharpest you’ve ever been
The most hardworking person this world’s ever seen
Be on guard, ready to act whether the numbers are red or green
You might take a stumble
And the market might seem to crumble
You should be down for it, engines always ready to rumble
Things might turn sour
And you might find yourself in the lonely hour
But you should never doubt your fire
Keep going, you’re going to thrive
Don’t ever stop, you’ll have a better life (more…)
It has no weight, therefore I can move it at the speed of light. It has no jurisdiction, therefore the government can’t impair the asset.”
Ifo provides some projections on German inflation
In any case, the high readings for 2022 somewhat reaffirms potential sentiment that inflation pressures may not necessarily ease too much going into next year.
The fact that supply chain disruptions and bottlenecks are to persist well into 2022 makes the case for high inflation to stay the course for many more months to come at least.
The latest on the Evergrande situation in China
This has turned into a real calamity and if anything else, the contagion risks are growing bigger by the day. Things are moving quite quickly and fears of any default will heighten risks towards smaller banks and also the property market in general.
Keep an eye on the developments here as they have broader implications for China’s financial sector and in turn, risk sentiment globally as a whole.
It now boils down to a question of whether local authorities are bold enough to stick with making Evergrande an example of its latest shift in mentality or if they are going to bail them out and prevent a chain reaction of unwanted events.
Reuters conveying the reported missile firing from NK.
South Korea military now saying the same thing, a missile fired into the East Sea
The East Sea … AKA Sea of Japan: