March, 2019:

"The fourth industrial revolution - it's a fusion of the physical, the digital & the biological world. It's changing not only what we are doing, it's changing who we are."

- Klaus Schwab, founder of World Economic Forum

#GreatReset

Schwab: "The speed is mind boggling. What I'm particularly concerned about, is how little the world is prepared."

Satya Nadella, #Mircosoft: "It's really the notion of digital technology pervasively impacting every walk of life & every [] industry, in all parts of the globe."
"A Cloud for Global Good"
"Tech for Good"
"Responsible AI"

Holistic linguistics. Marketing terms. Branding content.

Lies packaged as beautiful illusions:

https://t.co/D2MV9o9Aws
"Harnessing this revolution requires the involvements of all #stakeholders. From #public & private sectors, to #academia & civil society."

March 2019: 4 centers: US, India, Japan, China. Present: affiliate centers (currently 9), to form a global network, will roll out at scale.
Sept 24, 2019: Aker group & WEF announced establishment of the Centre for the Fourth Industrial Revolution #Norway (#C4IRNorway). The Centre officially opened Jan. 1, 2020.

One area of focus will be #ocean #mining, #deepseamining.

Website:

https://t.co/1MPN3PwRGZ
"Development & application of #automation technologies feature prominently in a #Norwegian pilot programme on #deepseamining, particularly in relation to mineral exploration & #extraction (NTNU, 2017)."

https://t.co/LrZfyDG8xt
"The sought plunder of the Earth’s #oceans contributes to 10 of the 17 "sustainable development" goals.

To plunder the planet's oceans, under the guise of #climate emergency & protecting #biodiversity, is beyond the pale."

#WEF oversees the #SDGs

https://t.co/dOaHkTTvgO
"#C4IR #Ocean, an imitative of Aker, World Economic Forum & "Friends of Ocean Action" - financed by Marc #Benioff; Salesforce founder, owner of TIME, WEF Board of Trustees, inaugural chair of WEF's 4IR Centre, US.

"Friends of Ocean Action" members:

https://t.co/zC9JdPU7aC

More from Economy

On Jan 6, 2021, the always stellar Mr @deepakshenoy tweeted, this:

https://t.co/fa3GX9VnW0

Innocuous 1 sentence, but its a full economic theory at play.
Let me break it down for you. (1/n)


On September 30, 2020, I wrote an article for @CFASocietyIndia where I explained that RBI is all set to lose its ability to set interest rates if it continues to fiddle with the exchange rate (2/n)

What do I mean, "fiddle with the exchange rate"?

In essence, if RBI opts and continues to manage exchange rate, then that is "fiddling with the exchange rate"

RBI has done that in the past and has restarted it in 2020 - very explicitly. (3/n)

First in March 2020, it opened a Dollar/INR swap of $2B with far leg to be unwound in September 2020.

Implying INR will be bought from the open markets in order to prevent INR from falling vis a vis USD (4/n)

The Second aspect is now, that dollar inflow is happening, and the forex reserves swelled -> implying the rupee is appreciating, RBI again intervened from September, by selling INR in spot markets. (5/n)
https://t.co/9kpWP7ovyM
1/ Trend Factor: Any Economic Gains from Using Information over Investment Horizons? (Han, Zhou, Zhu)

"A trend factor using multiple time lengths outperforms ST reversal, momentum, and LT reversal, which are based on the three price trends separately."

https://t.co/udkvsdw2Lz


2/ This resembles combining multiple measures of ST reversal, momentum, and LT reversal (forecasts determined by walking forward rather than using signs from the full sample).

Unlike normal moving average signals, these are *cross-sectional.* More below:
https://t.co/wkIFLg9jtK


3/ Unsurprisingly, the Trend factor formed by this approach outperforms benchmarks in terms of both Sharpe ratio and tail metrics. It's combining momentum with two factors that are negatively correlated to it AND using multiple specifications.

More here:
https://t.co/x8Tloz3iyL


4/ "Average return and volatility of the trend factor are both higher in recession periods. However, the Sharpe ratio is virtually the same.

"Interestingly, all of the factors still have positive average returns.

"Momentum experiences the greatest increase in volatility."


5/ "In terms of maximum drawdown and the Calmar ratio, the trend factor performs the best.

"The trend factor is correlated with the short-term reversal factor (35%), long-term reversal factor (14%), and the market (20%) but is virtually uncorrelated with the momentum factor."

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