THIS IS PUTIN'S MOMENT. HE'LL (PROBABLY) BLOW IT., by Craig Mellow emblog.substack.com/p/this-is-puti… #Putin #Russia #GasCrisis #NaturalGas #emergingmarkets #gazprom #Ukraine

Nice look here at China's crazy-quilt pension system and its huge historical inequities. Reforming it would be much more effective than beating up billionaires for income redistribution. But beating up billionaires is more fun: bloomberg.com/opinion/articl…

Enough with the #Evergrande already? An ETF of Chinese developer stocks (CHIR) has rebounded to where it was when the crisis started. Of course that's still down 20% YTD. Early to pop the corks. bloomberg.com/quote/CHIR:US?… #EvergrandeCrisis #EvergrandeGroup #china #EmergingMarkets

#China blinking on housing prices? "People familiar" say they're loosening mortgages. Housing sales down 1/3 in Sept. Only so much they can deleverage, I guess. bloomberg.com/news/articles/… #EvergrandeCrisis #Evergrande #EmergingMarkets

U.S. oil rig count has doubled over the past year, could double again to reach pre-pandemic levels. U.S. shale is the real swing producer. Price relief should be coming. eia.gov/dnav/ng/hist/e… #oil #oilprice #OPEC #inflation

#Brazil is a surprise vaccination leader. Its stock market, not so much. My column Barron's. barrons.com/articles/brazi… #EmergingMarkets #vaccination #bolsonaro

#Grab IPO is second epic fail in two weeks for an #EmergingMarkets superapp after #PayTmIPO. But more focused issues are doing much better, like India's #Nykaa or #policybazaaripo. See my Barron's piece: barrons.com/articles/india… #EmergingTech

Here's a stunning stat: Biz leaders expect HALF their revenue 5 years from now to come from products/services that DON'T EXIST today. But what? mckinsey.com/business-funct… #innovation

⚡️Hungary now supports cutting Russia off SWIFT. Hungary was the last EU country who opposed the measure.

Chilling that NO ONE close to power in Russia has said enough is enough and quit. #Lavrov, #Peskov eg seemed like intelligent folks playing a role for kicks and patriotism. Now they've sleepwalked into complicity in #WarCrimes. Just obeying orders, I guess. #UkraineWar

emblog.substack.com/p/glory-to-ukr…

Uh-oh, even the #Swiss are ganging up on Russia. If the #Caymanislands come on board, this could get serious. #swisssecrets #oligarchi #UkraineRussiaWar #sanctions

emblog.substack.com/p/russian-oil-… #UkraineCrisis #RussianOil #StopRussia #Oil

emblog.substack.com/p/the-inertia-… #RussiaUkraineWar #RussianWarCrimes #UkraineWar

#Putin's demand that #NaturalGas exports be paid in rubles is up there with #Erdogan's idea that high interest rates cause inflation. Take away #Russia's biggest source of hard currency? Brilliant Unfortunately for customers, it can't happen. #Gazprom #EmergingMarkets

#Biden's first really bad move on Ukraine, saying #Putin cannot stay in power. Just when #Russia may be giving up on total victory, not the time to start closing off-ramps. #UkraineWar #UkraineRussianWar

Looks like #UK #Tories have #GOP primary issues on steroids. Party members chose #Truss for #PM. 12% of public think she'll do a good job. 52% think she'll be "bad or terrible." washingtonpost.com/world/2022/09/…

A shrill, hysterical tone in #Putin mobilization speech that's hard to appreciate if you don't understand Russian. Coda threatening nukes was bona fide scary. #PutinSpeech #WMD #UkraineRussiaWar

A persuasive op-ed that shows how much productive middle ground exists between "tough on crime" and "defund the police" #crime #nyc #policing #homelessness nytimes.com/2022/12/12/opi…

Emerging Markets for Non-Idiots: PUTIN'S DADDY ISSUES (WHICH ARE HIS SOLDIERS' GRAND-DADDY ISSUES) emblog.substack.com/p/putins-daddy…