Valentin Teruggi

@valentin_macro

Economist | MBA | Experto en Business Cycles Podcast Spotify bit.ly/3OD6mYn Newsletter Economics Latam bit.ly/3PaKe8j

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Valentin Teruggi
@valentin_macro
Mar 15
Oil shocks are exogenous, private credit is endogenous. The first can be resolved or ended “rapidly” in the same way it began but the second cannot.
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Valentin Teruggi
@valentin_macro
Oct 15
The KOSPI index's forward P/E ratio at the peak of the bubble was 7x. When the market had its first bad week, it fell to 5x (oh, super cheap!). Now the KOSPI is down 40%. Price always leads. Keep using forward estimates as a reference. It is a completely useless valuation
Valentin Teruggi
@valentin_macro
Oct 1
And this will be the tailwind for riskier assets like XLK, ETH, BTC, high-beta, etc
Henrik Zeberg
@HenrikZeberg
Oct 1
Bond yields will crater! Time stamp it
Valentin Teruggi
@valentin_macro
Sep 26
Supply always finds a way.
Oguz Erkan
@oguzerkan
Sep 26
This is why Trump doesn’t think a deal is urgent. Saudi oil exports have recovered and are about to reach their 2025 monthly average, as the US military has carved out a new shipping lane along the Omani coast. Oil is flowing and the market is strong, so don’t expect a deal.
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Valentin Teruggi
@valentin_macro
Sep 22
well said
Thorsten Froehlich
@FroehlichThors1
Sep 21
Energy prices will not go up forever - despite the massive geopolitical disruptions, this is not 2022, the world economy is not expanding, it is contracting at a fairly significant pace.