In Germany, too few business leaders are involved in politics, which has made the bureaucracy stronger.
In the current legislative period, only 51 of the 735 Bundestag members are entrepreneurs —the lowest number in years (the yellow seats below). Between 2017 and 2021, there were still 76. Top executives or major entrepreneurs have rarely held ministerial positions in the history of the Federal Republic. A notable exception was Werner Müller, the late former head of Ruhrkohle AG, who served as Economics Minister under Chancellor Gerhard Schröder from 1998 to 2002. Source: Statista, HolgerZ
Trump officially calls for the purchase of Greenland, stating:
“For purposes of national security and freedom throughout the world, the US feels that the ownership of Greenland is a necessity.” Source: AF Post
JUST IN - US MACRO DATA RELEASED ⚡
👉 GDP (Q3), 3.1% Vs. 2.8% Est. (prev. 2.8%) 👉Jobless Claims, 220K Vs. 230K Est. (prev. 242K) 👉PCE Prices (Q3), 1.5% Vs. 1.5% Est. (prev. 2.5%) 👉Core PCE (Q3), 2.2% Vs. 2.1% Est. (prev. 2.8%)
Is this the Santa Rally?
US Mortgage Rates Surged Back Over 7% Today Source: Amy Nixon on X
America's massive leverage summarized in one chart
Source: The Rabbit Hole
Remember: timing the market versus time in the market.
Source: Willie Delwiche, CMT, CFA @Tyler_Lovingood
On December 10th, Lisa Su was named CEO of the year.
Today, $AMD made a new low for 2024🔻 Source; Stocktwits
Today's bombshell >>>
In a jaw-dropping 3-minute video, BlackRock just challenged Bitcoin's most sacred promise. The world's largest asset manager suggests the unthinkable: "There's no guarantee that Bitcoin will maintain its 21 million coin limit." They’re right—there’s no guarantee. If everyone decides to change the supply cap, then it will be changed. But that’s highly unlikely. See some comments below on X
