In today’s briefing:
- Many Aren’t Aware of the Inflation Reduction Act; and That’s Good News for Investors
- AI Proliferation in Casinos a Blessing or a Curse for the Casino Sector Ahead
- US Large Banks – Weekly B/S Update: $3bn Less Loans, $16bn More Jumbo Deposits, CRE Loans Nearly -Ve
- GEMWeekly (1 Sep 2023): China, South Korea Macro; Xpeng, Baidu
Many Aren’t Aware of the Inflation Reduction Act; and That’s Good News for Investors
- Inflation Reduction Act is by far the largest legislation to positively influence climate change and emissions control.
- IRA is packed with subsidies, and loans totaling up to USD 369 billion over the next ten years on renewables, EVs, hydrogen hubs, carbon capture & storage, among others.
- By 2035, IRA will drive reduction of greenhouse gas emissions by up to 48% relative to 2005 emissions levels.
AI Proliferation in Casinos a Blessing or a Curse for the Casino Sector Ahead
- AI is coming to casinos, especially fast to Asian sector properties which are always early adapters of tech breakthroughs.
- Ironically, without human contact, AI can produce far more personalized marketing campaigns with better returns than human contact judgments.
- AI could be an exponential advance in fraud deetection, suspicious transaction reductios and problem gambling risk that regulator will embrace, if not mandate.
US Large Banks – Weekly B/S Update: $3bn Less Loans, $16bn More Jumbo Deposits, CRE Loans Nearly -Ve
- Weekly balance sheet data for US large banks shows another USD3bn decline in total loans
- Large time deposits rose USD16bn in the week, YoY growth is accelerating, now 77.2% YoY
- Risk aversion clearest with CRE loans, where growth is 0.41% YoY in most recent week
GEMWeekly (1 Sep 2023): China, South Korea Macro; Xpeng, Baidu
- The Global Emerging Markets Weekly provides a summary of the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
- Macro data points: China and Asia PMI data, South Korean industrial production.
- Companies mentioned this week:XPeng (9868 HK), Baidu (9888 HK)
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