Assets & Advisory, Markets & Music. Founder RMK Research & Markets, Switzerland. I wrote these:
Geneva, Switzerland
Joined November 2009
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Rich Kleinbauer retweeted
This Stan Druckenmiller opinion piece in the WSJ today is brilliantly written and 100% accurate! Everyone needs to read it - especially the Treasury Secretary and whoever in the administration and on Wall St. that might have pressured him into taking such an anti-free market approach. wsj.com/opinion/let-the-bond…
Rich Kleinbauer retweeted
🚨🇩🇪 NAOMI SEIBT: THE AfD AND 𝕏 CAN SAVE GERMANY
" I want to say only 𝕏 can save Germany.
We have been held hostage by the mainstream media that we pay taxes for in Germany and 𝕏 gives us an escape.
It gives us free speech."
Source: @naomiseibt
Rich Kleinbauer retweeted
Wasn't everyone excited about #nuclear stocks recently? Yet demand is low?
Rich Kleinbauer retweeted
Traders now only price in a 35% chance of a Fed rate cut in March, down from almost 60% right before it.
Rich Kleinbauer retweeted
You know what's funny is the older you get, the longer you're in the market, the more you realize one thing really is true: the bond guys definitely are smarter
Rich Kleinbauer retweeted
Hear @biancoresearch's thoughts on the Fed's groupthink problem
It's this groupthink that led the Fed to miss inflation, banking turmoil & kept rates at 0% for too long ⬇️
Apple 🔊: apple.co/3KlC4U2
Spotify 🔊: spoti.fi/3zEXkzc
YouTube📽️: bit.ly/3GsZqG8
Rich Kleinbauer retweeted
This week we have seen the following:
1. Saudi Arabia agreed to join the Shanghai Cooperation Organization as a dialogue partner
2. China and Brazil made a deal to ditch the dollar for trade
3. China and France completed the first LNG trade settled in yuan.
4. ASEAN nations consider dropping the U.S. dollar, euro, yen, and British pound from financial transactions.
5. We learned that the BRICS reserve currency could be potentially backed by gold and other commodities, such as rare-earth elements.
This has all happened within seven days.
Add the same time, the world is beginning to grasp that the BRICS bloc is going to expand in a big way shortly.
People act surprised about Saudi Arabia working closely with China. There have been many signposts, including in 2021 when Saudi Aramco that China’s energy security would be its HIGHEST priority for the next 50 years.
At the beginning of the year, the world was shocked to learn that Saudi Arabia was willing to engage in discussions regarding trade conducted in currencies beyond the confines of the U.S. dollar.
Buy the ticket, and take the ride.
Rich Kleinbauer retweeted
💥😬CS is threatened with liquidation by the SNB and Finma .... INSIDE PARADELPLATZ
The market is saying that Bern and the National Bank are about to make an announcement.
When asked, spokesmen for the two key authorities did not want to say anything
insideparadeplatz.ch/2023/03…
Rich Kleinbauer retweeted
BREAKING: Before the collapse of Silicon Valley Bank, executives sold a lot of their shares.
Gregory Becker, CEO, sold 11% on Feb 27, 2023.
Michael Zucker, General Counsel, 19% on Feb 5.
Daniel Beck, CFO, sold 32% on Feb 27.
Michelle Draper, CMO, sold 25% on Feb 1.
Unusual.
Rich Kleinbauer retweeted
JUST IN: Circle $USDC stablecoin falls under $0.90, down 11% in a matter of hours.
Circle has $3.3 billion at the collapsed SVB.
The collapse of SVB is sending ripple effects through markets.
In an already low liquidity environment, crypto is nearing a major liquidity crisis.
Rich Kleinbauer retweeted
This week's CPI report is the first that will be calculated with a new methodology.
Example:
- 2022 CPI = 2019+2020 consumption
- 2023 = ONLY 2021 consumption
Previously, CPI was calculated using 2 years of data, now it will be just 1.
What a convenient time to change this.
Rich Kleinbauer retweeted
"Today, facts win. Truth wins."
Philippine Nobel Prize winner Maria Ressa and her online media company Rappler have been acquitted of all four charges of tax evasion filed against her, a court says.
Ressa still faces three other criminal cases
u.afp.com/iAiJ
Rich Kleinbauer retweeted
1/10
The BoJ has expanded its band on yield curve control to 0.50%
This matters for ALL markets
The US. 10-year yield is up another 10 bps from Monday's close (up 20 bps for the week, and it is still Monday night!)
S&P (ES) futures -0.90%, below Mon low.
A quick 🧵to explain
Rich Kleinbauer retweeted
Despite the -60% fall in natural gas prices over the last three months, Europe’s energy woes continue. Among the big problems facing Europeans this winter is nuclear power—or rather a shortage of it, as 40% of France’s nuclear generation capacity remains out of action.
Rich Kleinbauer retweeted
I don't know what this company does, or what they lie to investors about what they do, but they sure are great at losing shareholder value. One of the greatest of all time $CS
