Saudi is introducing Mandarin into the school curriculum

Zelensky is being marginalised by Washington and Russia

We will be discussing all the ongoing developments wrt Ukraine in tomorrow's podcast. There is much to digest.

Iran has produced its first hypersonic ballistic missile.

How effective are US missile defence systems in the ME against this?

Washington needs to start constructive rapprochement with Tehran.

The world is extremely complex and convoluted.

It's why being informed and not entertained is critical and never more so than now.

El Salvador embraced bitcoin and now it is in serious trouble.

US inflation print is not reality.

Imran Khan interview

https://youtu.be/Ww-gLfR1eAo

Nord Stream operator Nord Stream AG has received permission to conduct its own investigations wrt the Nord Stream 1 and Nord Stream 2 pipelines.

Should have been granted immediately.

As we said all the way along, it was a fake rally in the dollar.

Today the dollar is getting hammered against everything.

Forex markets are essentially meaningless.

China has begun process of removing restrictions wrt to Covid.

We shall see how this develops.

Reality is they have to do this otherwise they will be stuck in this zero covid policy for years and that's simply unsustainable

Not least because it will damage inward investment

China is going to reduce tariffs for 98% of goods from 10 of the least developed nations in Africa to 0%.

Peskov:

The Kherson region remains part of the Russian Federation, nothing has changed and there will not be any changes in the future.

Make of that what you will.

Clown show continues:

United States will allow some energy-related transactions with several Russian entities including Sberbank (SBER.MM), VTB Bank (VTBR.MM) and Alfa-Bank to continue through May 14, the Treasury Dept.

https://www.reuters.com/markets/us-allow-some-russian-energy-related-transactions-until-next-may-2022-11-10/

Sweden is joining Finland in saying that it doesn't want nuclear weapons on its soil.

Did someone not warn Stockholm that it is not their decision if that was to happen or not?

Been one of those weeks.

Finding myself agreeing with Yellen is the icing on that cake.

Yellen:

Cautions against over-reacting to positive October inflation.

If you increase interest rates by say 25bp instead of 75bp it is still an increase

If you don't increase interest rates it could be regarded as a pause

If you lower interest rates then it is a potential pivot

It only becomes a true pivot if you continue to decrease rates

LME rightly decided against a ban on Russian metal.

Binance holds $74.7 billion worth of tokens of which around 40% are in its own stablecoin and native coin, according data shared by Nansen.

https://www.bloomberg.com/news/articles/2022-11-11/binance-reserves-show-almost-half-of-holdings-are-its-own-tokens?srnd=premium

So after 9 months the UN has now decided Russian food and fertiliser matters.

Clown show never ends.

FTX won't be the last debacle in the crypto world.

Crypto version 2 is coming with radical changes.

It is called technological evolution.