Nice interviewing. Louis contradicted you and you didn't bite back. You heard him out and smoothly moved on. Uncommon to see such elegant inter personal behaviour. Slainte.
I love Louis. While he has been on the wrong side of the market for the last 12 months (long China and long oil), his analysis is always well articulated and thought through. Please bring him back soon!
Japan going down. One in twenty jobs in Japan is related to the automobile manufacturing industry. China just became the largest automobile exporter in the world. CATL, BYD, SAIC are all ramping up big time. BYD is building a massive plant in Brazil and in another in Thailand. CATL batteries are all going into half of all Teslas.
If india can buy oil from Russia in rupee, how Russians are going to use that rupee? Louis need to check how much of the oil is being bought by india from Russia in last decade? Most of the oil for India comes from gulf countries. Louis thinks BRICS nation can buy their commodities in their own currency and USA will let that happen. India have gotten full access of modern missile of American defense, but they did not tell what was the cost of that technology? Cost of that tech is staying away from China and Russia and staying close to USA. That brings cracks in the BRICS nation. USA knows the value of GRC status more than anybody else in the room.
I didn’t know that my comment will be in effect this quick, news just came out india backing away from BRICS new currency. It’s still too early in the process but it will be worth watching in coming years. On top of everything India and China do not stay on the same side. They have lot of conflicts in common. Biggest one is water issue, China wants to control the himalaya water at all cost and india will not let that happen at any cost. India and China is the two biggest economy in Asia, if they don’t get along they are left with BRS in the whole BRICS. Good luck.
Since the war in Ukraine Russia-India oil trade has skyrocketed and will be pegged to the conflict. Unofficially encouraged by the White House to keep the crude price in check. Pure pragmatism for each other and a far cry from a fully fledged strategic cooperation.
All the capital spending for AI is in the cloud. No local shops are buying up multiple a100s to build out these huge ai servers. The ai servers are more computational intensive than any other type of server seen. Just try to rent a vm with gpu. None are available.
Nice interviewing. Louis contradicted you and you didn't bite back. You heard him out and smoothly moved on. Uncommon to see such elegant inter personal behaviour. Slainte.
I love Louis. While he has been on the wrong side of the market for the last 12 months (long China and long oil), his analysis is always well articulated and thought through. Please bring him back soon!
De-Globalization is a polite term for De-Sinofication ! 19:03
So wise. Thank you Louis
Great guest... very informative and unique prospective.
Japan going down. One in twenty jobs in Japan is related to the automobile manufacturing industry. China just became the largest automobile exporter in the world. CATL, BYD, SAIC are all ramping up big time. BYD is building a massive plant in Brazil and in another in Thailand. CATL batteries are all going into half of all Teslas.
34:21 Make 5x in a triple merit scenario - Brazil, India, Indonesia, Mexico...
Fantastic podcast
And another great Podcast. I find this viewpoint on the market is great, seeing that most people seem to be frea full of the recession.
If india can buy oil from Russia in rupee, how Russians are going to use that rupee? Louis need to check how much of the oil is being bought by india from Russia in last decade? Most of the oil for India comes from gulf countries. Louis thinks BRICS nation can buy their commodities in their own currency and USA will let that happen. India have gotten full access of modern missile of American defense, but they did not tell what was the cost of that technology? Cost of that tech is staying away from China and Russia and staying close to USA. That brings cracks in the BRICS nation. USA knows the value of GRC status more than anybody else in the room.
I didn’t know that my comment will be in effect this quick, news just came out india backing away from BRICS new currency. It’s still too early in the process but it will be worth watching in coming years. On top of everything India and China do not stay on the same side. They have lot of conflicts in common. Biggest one is water issue, China wants to control the himalaya water at all cost and india will not let that happen at any cost. India and China is the two biggest economy in Asia, if they don’t get along they are left with BRS in the whole BRICS. Good luck.
Since the war in Ukraine Russia-India oil trade has skyrocketed and will be pegged to the conflict. Unofficially encouraged by the White House to keep the crude price in check. Pure pragmatism for each other and a far cry from a fully fledged strategic cooperation.
@@joyalpatel1031
What about the 6 additional countries that will become officially added to BRCS, JAN 2024?
All the capital spending for AI is in the cloud. No local shops are buying up multiple a100s to build out these huge ai servers. The ai servers are more computational intensive than any other type of server seen. Just try to rent a vm with gpu. None are available.
Agree , plus the cost to run is prohibitive. But what the investable takeaway?
Fools & money supply - trade off. Ha Ha