2EMMA Featured Topic
Don’t go there!
Perhaps ironically, one of the most famous 4 Horsemen of the Apocalypse paintings is by a Russian:
- Pestilence (on a White Horse -> COVID !?)
- War (on a Red Horse -> PUTIN !?)
- Famine (on a Black Horse -> HYPERINFLATION !?)
- Death (on a Pale Horse -> TOO LATE !?)
- Meduza
- DW
The Moscow Institute of Physics and Technology has canceled an open Q&A session for students featuring Novaya Gazeta Editor-in-chief and Nobel laureate Dmitry Muratov. The event was scheduled for March 28.
Andrey Belozerov, a former professor who lost his job and was convicted on charges of “discrediting” the Russian army and “displaying Nazi symbolism” in September after he played a video with a song about Bayraktar drones in between classes, has been fined 100,000 rubles (about $1,300) on fresh “discrediting” charges, according to the outlet OVD-Info.
Story by Verstka. Abridged translation by Sam Breazeale.
Since the start of the full-scale invasion of Ukraine, Meduza has adopted a consistent antiwar position, holding Russia responsible for its military aggression and atrocities. As part of this commitment, we regularly update an interactive map that documents combat operations in Ukraine and the damage inflicted by Russia’s invasion forces. Our map is based exclusively on previously published open-source photos and videos, most of them posted by eyewitnesses on social media. We collect reports already available publicly and determine their geolocation markers, adding only the photos and videos that clear this process.
Explainer by Meduza. Translation by Sam Breazeale.
The Russian military is offering sign-up incentives to those willing to join as contract servicemen. Over the last week, contract service was advertised all across the local media and city websites around Russia.
2EMMA Featured Data
Pulled conclusions from pooled data compilations
Using some of the world’s largest companies by market cap & some of the most quoted indices + two most sung alternatives: data for this millennia where available
- At 134x, Apple is the absolute stock price growth winner; with Amazon at 45x and Google at 32x
- Despite the lack of interest or dividends, gold at 6.6x looks good compared to any other stock or index!
- Barrick Gold on the other hand seems to be poorly correlated to anything including the gold metal itself!?
- But Barrick is the only stock producing negative correlations with most of the indices including a relatively high -0.77 with the Euronext100 index
- If one wast trying to get something totally uncorrelated on purpose- it would be hard to beat: gold and the Euronext100 index at -0.03; or Barrick and the Hang Seng index at 0.04; or gold and Merck at 0.16; or BTC and the FTSE index at 0.19
- Correlation against a basket of indices & alternatives is best in Disney and Google (0.81-0.82), albeit at different growth multiples
- If an average historical P/E is somewhere in the 20x range, then the current S&P quoted average which is in high 30s is as warned high, BUT: only Amazon and Visa seem to be widely out of range (justified by growth in online transactions?), with many below current & historical averages
- In the current world of no interest & no inflation, maybe the higher P/E averages are justified..? For how long, that is a different question…
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Ivan
Ivan
