Chinese regulatory crackdown is an exceptionally interesting phenomenon. Recently it got even more interesting as Xi Jinping, probably expecting the necessity of Evergrande bailout, suggested smoothing excessive incomes. Surprising? No. Some growth of populism has been seen in General Secretary’s actions for at least a year.
My prediction for upcoming months is...
Landscape in the agricultural sector could not be much more favourable for Kernel than it is nowadays. Grains Price Index is at its highest level since 2013 and the company has managed to fix most of its sale prices for the 2021/2022 season. According to the U.S. Department of Agriculture, global grain yields in 2021 will be remarkably high mostly thanks to the...
It is no secret that in the Basel III era, the core profitability of European banks has not been satisfactory. While European banks' return on equity is not even close to the pre-07 levels and falls short on their cost of capital, US banks enjoy double-digit ROE and significantly higher valuations. This mismatch made me wonder whether the current macroeconomic...
