$TSLA vs. $BYD
Battle of EV giants Battle of valuations US vs. China The first 10 years of EV were all about a revolutionary company, Tesla, that basically created the market. Could the next 10 are all about the rise (and shine) of BYD? Source: Oraclum capital on X
The Bank of Japan's unrealized losses hit a record ¥28.6 trillion ($198 billion) in Fiscal Year 2024 ending March 31, 2025.
Paper losses from Japanese government bonds TRIPLED from the last year. However, the BOJ's reported net income was ¥2.26 trillion ($16 billion). It can take years until these bonds mature. Source: Global Markets Investor, Bloomberg
China’s Strategic Shift: Gold Up, Treasuries Down
In the past 5 years, their U.S. Treasury holdings have plunged from ~$1.1T to ~$760B. Meanwhile, their gold reserves have soared from ~1,850 tons to over 2,200 Source: Andrew Wells, Bloomberg
This is what American exceptionalism looks like.
There are 1,873 billion dollar companies in the US. Japan is a distant second with 404 billion dollar companies. Followed by India with 348. Source: Visual Capitalist
When you think bonds are safe...
This is not a sh*tcoin... This is Apple bond maturity 2060. Drawdown from peak to through is Source chart: Lawrence McDonald, Bloomberg
Some of their first business cards.
Source: Jon Erlichman @JonErlichman
Don't forget... There is more than $7 trillion in money market funds right now.
Fresh dry powder on the side-lines... Source: The Market Ear
It’s time to stop looking at real yields to determine gold price...
Source: Michel A.Arouet
