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☆ Australia's sovereign wealth fund buys gold, commodities as shadow of 1970s looms
▼ + stars: | 2022-12-19 | by ( Lewis Jackson | ) www.reuters.com time to read: +2 min

SYDNEY, Dec 19 (Reuters) - Australia's A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure to gold, commodities, private equity and infrastructure as it warns the future will echo the low-growth, high-inflation era of the 1970s. Investors large and small are scrambling to adjust portfolios and philosophies undermined by the simultaneous cratering of equity and bond markets. Investors now faced a world corrosive to asset prices: more war, the risk of capital controls and confiscations, bigger government, and the spectre of higher inflation. In response the Future Fund is implementing six broad sets of changes, including more focus on dynamic asset allocation and liquidity. Traditional approaches have delivered strongly, but it is doubtful they are fit for purpose in the future," it said.

☆ "Small joyless flows" as investors sell stocks and cash - Bofa
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +2 min

LONDON, Dec 9 (Reuters) - Investors sold stocks and bought gold in the week to Wednesday, withdrawing $5.7 billion from equity funds, BofA Global Research said on Friday, a week of "small, joyless flows", as markets position for the approaching end of the Fed's rate hiking cycle. Both stocks and cash recorded outflows of $5.7 billion, in the week to Wednesday, while bond outflows stood at £0.1 billion and gold funds got a $65 million boost, BofA said, citing EPFR data. "Weekly Flows: inflow to gold funds of $65mn, outflow from bonds $0.1bn, cash $5.7bn, & stocks $5.7bn…small, joyless flows," BofA said. BofA private clients put cash into equities for the first time in 11 weeks, and bought bonds for the 41st week in a row, the report said. BofA analysts expect the U.S central bank to stop hiking rates in March 2023, but they say the uncertainty in the market is justified.

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☆ The bubble in predicting the end of the world
▼ + stars: | 2022-12-01 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Former U.S. Treasury Secretary Larry Summers says the world faces the “most complex, disparate and cross-cutting set of challenges” he’s ever encountered. In his wittily titled “The End of the World is Just the Beginning”, the geopolitical strategist suggests that a number of countries from Germany to China face insuperable demographic challenges. The threat to America’s global hegemony from China is the subject of Ray Dalio’s “The Changing World Order”. The U.S. stock market bubble has only partially deflated, bond yields around the world trail below inflation, and global property markets are exposed to rising interest rates. The Assyrian who forecast the world would end in 2800 BC was wrong.

☆ France's Le Maire: Europe must defend its economic interests against U.S. subsidy package
▼ + stars: | 2022-11-27 | by ( ) www.reuters.com time to read: +1 min

PARIS, Nov 27 (Reuters) - France may try to negotiate some exemptions from the duties and limits imposed by the U.S. anti-inflation act but Europe must act to protect the bloc's economic interests, Finance Minister Bruno Le Maire said on Sunday. Le Maire will accompany French President Emmanuel Macron on a state visit to the United States next week. "France may ask for exemptions on some duties and limits imposed by the U.S administration. Le Maire told France 3 television. "China favours Chinese production, America favours American production, it is time Europe favours European production...All European states must understand that today in the face of these American decisions, we must learn to better protect and defend our economic interests," he added.

☆ Breakingviews: Delusions of grandeur are root of Britain’s chaos
▼ + stars: | 2022-10-21 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The immediate cause of the chaos Truss unleashed was her failure to heed the advice of her hero Margaret Thatcher. Truss might have got away with large tax cuts and a big increase in spending if central banks were still flooding the global economy with cheap money. Its supporters maintained leaving the EU would put rocket boosters under the UK economy. But delusions of grandeur meant this global phenomenon played out in the UK in a specific way. BRITAIN’S MANY STRENGTHSObservers such as former U.S. Treasury Secretary Lawrence Summers have described Britain as a bit like an emerging market.

☆ Delusions of grandeur are root of Britain’s chaos
▼ + stars: | 2022-10-21 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

☆ French political rivalries spill onto soccer field ahead of lawmaker charity match
▼ + stars: | 2022-09-28 | by ( Elizabeth Pineau | ) www.reuters.com time to read: +2 min

Marine Le Pen, member of parliament and president of the French far-right National Rally (Rassemblement National - RN) party parliamentary group gives a news conference at the National Assembly in Paris, France, August 2, 2022. Stepping onto the soccer field along side Le Pen's party lieutenants would only accelerate that process, they said. "Trivialisation leads to alliances between the right and the extreme right, and this is how the extreme right can then govern," he added. Far-right lawmakers said those boycotting the evening game were guilty of holding French voters in contempt. "I'm sorry that the left and hard left are not capable of rising above these political divisions and accepting the result of the ballot box.

☆ European business group warns of loss of confidence in China
▼ + stars: | 2022-09-21 | by ( Josh Horwitz | ) www.reuters.com time to read: +3 min

REUTERS/Aly SongSHANGHAI, Sept 21 (Reuters) - A top European industry group warned on Wednesday that firms were losing confidence in China and that its standing as an investment destination was being eroded, citing its "inflexible and inconsistently implemented" COVID policy as a key factor. The European Chamber of Commerce published the warnings in a paper it said had input from 1,800 member companies, which also contained 967 recommendations for China, the European Union and European companies related to doing business in the country. The report, which touched on issues from Taiwan to trade, said, for example, that China should refrain from "erratic policy shifts", deepen cooperation with the European Union and increase international flights. Register now for FREE unlimited access to Reuters.com RegisterThe European Union should proactively engage with China and reject calls for disengagement, it added. China says its policy is needed to prevent its health system from being overwhelmed as well as an unacceptable loss of life.

☆ Молдову собираются превратить из «серой зоны» в «красную»?
▼ + stars: | 2021-05-19 | by ( Mld Media Srl | ) noi.md time to read: +12 min

«Потрясти Кремль»Приведем несколько цитат из нашумевшей статьи: «Пока между НАТО и Россией остается «серая зона», нестабильность в регионе будет сохраняться. И прямой выпад в сторону России: «Обещания России не вмешиваться в дела своих бывших республик и ее возмущенные заявления о благонравности ее намерений не имеют никакого значения. Очевидно, администрация президента Молдовы должна выступить с комментариями и разъяснениями по этому поводу. Впрочем, вполне возможно, что в рекомендациях Болтона о том, как вывести Молдову из «серой зоны», кроется желание решить вопрос позитивно. Напряжение между Россией и США нарастает, и статья Болтона в National Review является еще одним поленом, брошенным в разгорающийся костер.

Persons: Трамп, Джон Болтон, Болтон, Санду, Майя Санду, Дерек Хоган, Хоган, Виорел Чиботару, Байден, Виктор Гайчук, Анатола Плугар, Мария Захарова, Владимир Путин, Кристина Агату Organizations: Global Research, Research, Globalisation, National, НАТО, СМИ, ПДС, ЦИК, СИБ, Центр информирования и документирования, Североатлантический альянс, Центр исследования глобализации (, мид, ОГРВ (Оперативной группы российских войск, Федеральное собрание Locations: Республика Молдова, США, Грузия, Украина, Беларусь, Молдова, Армения, Азербайджан, Россия, Кремль, Москва, Запад, Европа, Румыния, Приднестровье, Кишинев, Вашингтон, Восточная Европа, РМ, Черноморский регион, Турция, Соединенных Штаты, Штаты, ПМР, Днестр, Донбасс

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