No reasons to worry at all... Just bros living in the moment...
More seriously remember what the East-West divide and the new world order (as defined by Zoltan) are all about: Wars are about alliances: the enemy of your enemy becomes your friend... After the BRICS, should we focus instead on Turkey, Russia, Iran, China, and North Korea playing “TRICKs” – an alliance of economies sanctioned by the U.S. getting ever closer economically and militarily?
France’s National Rally continued to cement its lead in opinion polls a week before the country’s snap parliamentary election, largely at the expense of President Emmanuel Macron’s centrist bloc.
Support for Marine Le Pen’s far-right party was pegged at 36% in a survey by Elabe published Sunday in La Tribune Dimanche. That’s ahead of 27% for the left-wing New Popular Front alliance, and just 20% for Macron’s movement. Source: Bloomberg
Moscow to Mumbai.💥
The INSTC corridor is making progress every day. The International North–South Transport Corridor (INSTC) is a 7,200-km (4500 mile) long multi-mode network of ship, rail, and road route for moving freight between India, Iran, Azerbaijan, Russia, Central Asia and Europe. The objective of the corridor is to increase trade connectivity between major cities such as Mumbai, Moscow, Tehran, Baku, Bandar Abbas, Astrakhan, Bandar Anzali, etc. Russia-Iran-India corridor is a game-changer that involves many countries and different modes of transportation. And quite a logistical and geopolitical accomplishment! Source: S.L Khantan
Prediction markets imply markedly higher odds of a Trump presidency than a Biden presidency ahead of next week's first presidential debate
w/the probability of a Republication sweep (42%) almost twice the odds of a Democratic sweep (22%). Source: GS thru HolgerZ
History shows an average 25% increase in volatility from July-Nov of election years...
Mike Zaccardi, CFA, CMT, BofA
What would a far-right or left-wing government mean for France’s economy?
Source: FT
s de-dollarisation (or at least attempts of de-dollarisation) accelerating?
=> Saudi Arabia ditches US dollar and will NOT renew the 50 year 'petro-dollar' agreement with the United States. Saudi Arabia will now sell oil in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars. => Russia's Moscow Stock Exchange suspends all trading in $USD & $EUR => El Salvador securities market launching on liquid with trading pairs in Bitcoin Source: radar, Global Times
FRENCH POLITICS >>>
With 20 days to go to the lower house snap elections, a poll credits Marine Le Pen RN with 34% of the vote, far ahead of the left & far-left coalition and the Macron camp. One election can hide another. No sooner have the results of the European elections been announced than all eyes have turned to the early legislative elections. With 20 days to go to the first round, a Toluna Harris Interactive poll for Challenges, M6 and RTL puts the Rassemblement National (RN) well ahead. If the legislative elections had been held today, the Rassemblement National would have won 34% of the vote. A clear improvement on the 18.7% recorded in 2022. Long under-represented in the Assembly, the RN would be the leading force in the lower house. However, as the legislative elections will be held in 577 constituencies over two rounds, it is very difficult to project a precise number of seats. For the time being, it's impossible to know whether the Marinist troops will win an absolute or even a relative majority. Nevertheless, they seem to be well positioned to win the election, especially if they can create a coalition with other right-wing parties and traditional right. A win by RN could lead to a cohabitation with Jordan Bardella (RN) as Prime Minister. Source: Le Figaro
