An overview of European real estate price indices by Bloomberg / HolgerZ:
A shortage of housing has led to record real estate prices in ireland. The national property price index has now reached a value of 170.0, which is 3.9% above its bubble peak in April 2007. Property prices have increased by 113% in past 10yrs. Recent Dublin riots exposed the anger of Irish Youth facing a housing crisis resulting from the high housing & rent prices. Note the decline in German house prices (in purple) and steady markets in Italy / Portugal / Spain.
Big tech has notched over $200B in profits in 2023 so far
To see how massive they are, this comparison of their market caps vs. the private tech sector (unicorn valuations) makes it quite clear. Source: CB Insight
The 50 most visited AI tools
Image by Writerbuddy, Sujan Sarkar
A chart for the history books
Source: Michel Arouet, BofA
Central banks are on pace to buy over 1,000 tons of gold again
Despite the near-record annual purchases, it's worth noting that these institutions once held 80% of their balance sheet in gold Today, it's barely 20%. A return to the historical average of central banks holding 40% of their balance in gold could propel gold prices north of $3,000 based solely on that capital dynamic... Source: Tavi Costa, BofA
The average credit card interest rate right now has risen to 27.81%
And that's with U.S. credit card debt hitting new record highs north of $1,000,000,000,000 Source: Hedgeye
The correlation between US stocks and bonds over the last 2 years is the highest we've seen since 1993-95
Source: Charlie Bilello
Bloomberg Commodity Index drops to 2-year low as investors grow increasingly nervous about demand
Source: HolgerZ, Bloomberg
