Давайте взглянем на индекс глобальной ликвидности (GLI) — он наглядно демонстрирует цикличность мировой финансовой системы (65 месячные волны).
GLI отражает доступность финансирования на мировых рынках. Кредит входит в число ключевых индикаторов глобальной ликвидности. Мы уже отмечали ряд факторов, говорящих в пользу предельной нагрузки на систему:
1. Последствия роста процентных ставок и укрепления доллара для долговых суверенных и валютных рынков.
2. Ранние сигналы глобального кредитного шока / кризиса ликвидности.
3. Продажи SPR — стратегических резервов нефти в США — механизм защиты рынка казначейских облигаций.
4. ФРС фиксирует отрицательную прибыль из-за роста ставок.
Давайте взглянем на индекс глобальной ликвидности (GLI) — он наглядно демонстрирует цикличность мировой финансовой системы (65 месячные волны).
GLI отражает доступность финансирования на мировых рынках. Кредит входит в число ключевых индикаторов глобальной ликвидности. Мы уже отмечали ряд факторов, говорящих в пользу предельной нагрузки на систему:
1. Последствия роста процентных ставок и укрепления доллара для долговых суверенных и валютных рынков.
2. Ранние сигналы глобального кредитного шока / кризиса ликвидности.
3. Продажи SPR — стратегических резервов нефти в США — механизм защиты рынка казначейских облигаций.
4. ФРС фиксирует отрицательную прибыль из-за роста ставок.
On Feb. 27, however, he admitted from his Russian-language account that "Telegram channels are increasingly becoming a source of unverified information related to Ukrainian events." At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. Telegram has become more interventionist over time, and has steadily increased its efforts to shut down these accounts. But this has also meant that the company has also engaged with lawmakers more generally, although it maintains that it doesn’t do so willingly. For instance, in September 2021, Telegram reportedly blocked a chat bot in support of (Putin critic) Alexei Navalny during Russia’s most recent parliamentary elections. Pavel Durov was quoted at the time saying that the company was obliged to follow a “legitimate” law of the land. He added that as Apple and Google both follow the law, to violate it would give both platforms a reason to boot the messenger from its stores. Russians and Ukrainians are both prolific users of Telegram. They rely on the app for channels that act as newsfeeds, group chats (both public and private), and one-to-one communication. Since the Russian invasion of Ukraine, Telegram has remained an important lifeline for both Russians and Ukrainians, as a way of staying aware of the latest news and keeping in touch with loved ones. "The result is on this photo: fiery 'greetings' to the invaders," the Security Service of Ukraine wrote alongside a photo showing several military vehicles among plumes of black smoke.
from ru
