Hursthead

@theofficialadli @threadreaderapp unroll

@ooihann @threadreaderapp unroll

EPF 2025 Dividend = 6.15% (both Conv & Shariah) Higher than I was expecting (5.8-6.1%). I dug through the release, did some analysis and found something a little worrying. A little 🧵

@MsMelChen can u share the link to the white paper? thanks!

In 2018, Beijing released a white paper on how China could extend its Belt and Road Initiative to the Arctic region, calling it 冰上丝绸之路 (literally: Silk Road on Ice). The Polar Silk Road (light blue below) refers to a navigable sea route that connects the Western hemisphere, East Asia and Western Europe via the Article Circle. Currently, the main shipping route between Asia and Europe passes from China to Rotterdam via the Suez Canal (dark blue below) reducing trips from 40-50 days to around 18-20 days. This is significant. The fragility of the transit route was revealed in 2021 when the Ever Given ship blocked the passage, halting traffic for 7 days. Not to mention, China does not have direct leverage or control over the Suez itself, and Egypt is a US ally. And so a new route through the Arctic will save time and resources, and bypasses this chokepoint, for the transportation of all manner of goods. Among military professionals, it is a time-honored truth that logistics ultimately decides who wins wars. No military campaign succeeds without constant resupply. It all comes down to movement tables, consumption rates, transportation networks, and equipment maintenance. You can see why Beijing speaks the language of globalism and connectivity. The extensive Belt and Road Initiative (in yellow below) is to ensure control of logistics and resupply. The development of the Polar Silk Road is an attempt to build a network of land and sea corridors to ensure that no single chokepoint can cripple its global trade. Remember, choke points are leverage. And eliminating choke points means "no one can stop us from resupplying"

@Trinhnomics @threadreaderapp unroll

Good afternoon, Have you read Trump's team National Security Strategy or Donroe Doctrine? whitehouse.gov/wp-content/upl… Shall we read together? It has four sections.

@radigancarter Cant seem to download the pdf from the email.

Final letter for 2025 is out. Hope everyone has a happy new year, new site coming in 2026, stay tuned.

@PkZweifel do you have the latest global pmi data? thanks!

1/ Global PMIs for September rebounded 0.7 pt to 50, neutral for the first time this year and since Trump’s tariffs. The rise was equally driven by activity (+0.8 pt) and inflation (+0.8)

@AvidCommentator thanks, seems like the headlines changed from RBA to ANZ...was wondering where the RBA part came from..

@Hursthead1 No worries. It's from the SMH Live News Feed, link here. It was posted at 12:02pm. smh.com.au/national/austr…

Readers of Burnouteconomics.com have been informed about the weakening underlying labour market for months now. Now the broader narrative is slowly catching up. Graphic: SMH

@PkZweifel Hi Patrick, any update on the latest global manufacturing PMI? Thanks!

1/ June global manufacturing PMIs rebounded by 0.3 points to 49.5, marking its 30th month below 50 since October 2022 The monthly increase is mainly driven by activity (+0.8 points), with less contribution from inflation (+0.2 points)

@franskoster070 Source link pls. Thx.

#EU #Indonesia: EC’s DG Trade just postponed the CSD meeting on #CEPA negotiations (which was scheduled for tomorrow afternoon) “due to unexpected organisational reasons”.

@IzzraifHarz Do u mind sharing the source link for this? Thanks.

heavy rain and strong winds in Pantai Barat tonight, especially in Selangor, KL and soon in Melaka & Johor. take care everyone!! ⛈️⛈️

@OilandGibbs Probably Argus is your best bet..

Need your help! What are the best sources/accounts for the latest on EU + UK biofuel policy? Drop em' in the comments - thanks! #OOTT #EFT #OOAT #Biofuels

@CRUDEOIL231 Do u mind sharing who produced this chart? Very nice insights. Thanks.

The CTA flow is very bullish for Natgas. Algos have almost no room left to short. On the other hand, crude and copper are at risk of accelerating once a downtrend begins. #oott #natgas

@pretentiouswhat @threadreaderapp unroll

So! China released its new renewable power consumption quotas yesterday and added heavy industry into the list of obligated entities. A Big Deal! I last wrote a thread about China's RPS ~4 years ago, but things have changed since then, so it's time for a commentary refresh. 🧵

@JavierBlas @CopernicusEU thanks for sharing, is this a free or paid service on copernicus?

Another couple of interesting photos from the @CopernicusEU Sentinel 2 satellite from today. Oil fires in Tehran: left is the Shahr Rey oil refinery (damage **appears** limited to the tank farm). Right is the Shahran fuel depot (unclear how much damage). #Iran #OOTT

@khalidkarim Reproduced the chart using sources below. Nonetheless I get your point, Malaysians consume too much rice! Almost twice the per capita consumption of Japan... Rice Import source: statista.com/statistics/795… Population source: open.dosm.gov.my/dashboard/popu…

@khalidkarim Source? The number seems impossible..how can anyone consume more than 35000kg of rice per annum unless there is some trade going on? According to Bernas, Malaysia annual per capita consumption is 80kg. bernas.com.my/commitment/ups…

Malaysia's rice imports per capita Why we eat so much rice?

@Claudia_Sahm i hope you have a full recovery...learnt alot from sahm rule

And so it begins.

@FinFoodDude Interesting. How do you smoke the tofu?

Ramen with shiitake, smoked tofu, and bok choy.

@FinFoodDude its missing olive oil, tomatoes and onions..

Weird one tonight: chickpeas and zucchini with sumac and lime