China tightens RE export control /JPN coalition risk #JPY / Hunt bro's / Data centers electricity demand risk

Stéphan
Oct 10
4 min read

The elephant in the room: Alphabet, Amazon, Meta, Microsoft, and OpenAI alone have announced $800 BILLION in commitments for new data centers in 2025. Meanwhile, electricity prices are up +35% since 2022. With nuclear power 10+ years away, how will we meet electricity demand?
Markets : #JPY Komeito announces split with LDP, clouding Takaichi's bid for PM, Trump renews threas wiht congress mired in the shutdown brawl, Ferrari halves electric vehicle target, Japan's Internal Affairs & Comms. Min. Takaichi: There is no intention of triggering an excessively weak Yen, XAGUSD +$50 'the Hunt brothers would be proud'', the First Brands bankruptcy is top tier drama!! (they will make a film about it !), Treasury Sec, Scott Bessent FIRES BACK at JPMorgan CEO Jamie Dimon claiming the stock market may fall (Thread), Macron nominates a new PM before COB, EMG currencies were softer last few days, DOGE was a lot of NOTHING burger (spending still on the increase)
Geopolitics : The head of Russia is personally afraid of a ceasefire, because once a ceasefire is in place, returning to the war would be difficult for him (Zelenskyy), The European Parliament supported a resolution authorising the downing of Russian aircraft and drones that enter European airspace, Kyiv will nominate Trump for the Nobel Peace Prize if he sends Tomahawk missiles to Ukraine and helps achieve a ceasefire with Russia according to Politico, Trump heading for Israel on Sunday
In 1971, the U.S. literally ran out of money. Back then, the dollar was backed by gold, which meant every paper dollar represented real gold sitting in U.S. reserves. The problem was the country was spending way more than it earned, printing dollars that didn’t have enough gold to back them/thread, video, Ray Dalio explains
Huge escalation by China! MOFCOM announces new exports controls taking effect after Dec 1 of rare earths to anyone anywhere in the world producing chips or equipment to make chips below 14nm or 256 layer memory due to “military applications” >>> 'gives China de-facto veto power over the entire advanced semi-conductor supply chain as rare earths are used at critical steps throughout - from ASML to TSMC'
White House officials have held increasingly serious discussions in recent days about Trump invoking the Insurrection Act >>> Military being used for law enforcement
Bessent : The purpose of Dodd-Frank was to end “too big to fail.” But it ended up creating “too small to succeed.” >>> justifying deregulations (just when bad credit stories pop out... First Brand etc...