BofA forgot to include bitcoin in their "best performing asset of the decade" table.
Bitcoin $BTC is up almost 1600% this decade 📈📈
Yield on Japanese government hashtag#bonds are back to the highs they reached in May.
Japan was always held up by the MMT (Modern Monetary Theory) crowd as an example for how debt doesn't matter because governments can always cap yields. That view needs to be retired along with MMT. Fiscal space seems to be finite. Not infinite. Source: Robin Brooks, Bloomberg
Federal Reserve just issued a joint statement with 2 regulators confirming that banks can offer Bitcoin and crypto custody.
Source: Bitcoin archive
Oops... Jim Cramer just coined a new acronym PARC
Palantir $PLTR AppLovin $APP Robinhood $HOOD Coinbase $COIN Is it the end of the party for these 4 high flying stocks? Source: Evan on X
Gold now outperforming the U.S. Stock Market (dividends included) over the last 25 years.
Incredible! Source: Barchart
🚨China’s rare earth magnet exports COLLAPSED
Total shipments FELL 76% YoY in May, to 1,238 tons, the least since February 2020. Exports to the US FELL 92% YoY to 46 tons, and LESS than 1/10 of what was recorded in March. Source: Global Markets Investors
Average annual inflation of 152 economies since 1971 when Bretton Woods collapsed.
No economy has averaged less than 2% inflation but Switzerland at 2.2% comes closest. Source: The Market Ear
Europe has a massive electricity problem...
According to a FT article, thousands of businesses and households are waiting to connect to the Dutch grid, forcing network operators to ration power in an early indicator of what other European countries are likely to suffer as the speed of electrification increases. More than 11,900 businesses are waiting for electricity network connections, according to Netbeheer Nederland, the association of Dutch grid operators. On top of that are public buildings such as hospitals and fire stations as well as thousands of new houses. Dutch officials and companies said lengthy waits for connections were holding up economic growth and could force businesses to rethink their investment plans. Despite efforts to invest in new cables and substations, new connections in some areas of the country will only become available in the mid-2030s, according to network operators. Although the bottlenecks in the Netherlands are particularly acute, analysts say it is a harbinger of what is likely to occur in other EU countries, as the speed of electrification increases to meet the bloc’s ambitious decarbonisation targets.
