GERMAN MP: UKRAINE MUST PAY FOR DAMAGE TO NORD STREAM PIPELINES
Some major changes on Germany-Ukraine relationships took place over the recent days... Last week, Germany said it has frozen its military aid to Ukraine, claiming that a domestic budgetary crisis means it can no longer afford to supply Kyiv with new weapons. Olaf Scholz, the German chancellor, told his defence minister this month that there would be no money available for further military aid, according to a new report in the Frankfurter Allgemeine newspaper. Today, Alice Weidel has called for Ukraine to compensate Germany for the damage caused to its economy as a result of the attack: “The economic damage to our country caused by the demolition of Nord Stream presumably ordered by Zelensky - and not Putin as we were led to believe - should be "billed" to Ukraine.” Berlin-Kyiv relations were strained after the German Prosecutor General's Office issued an arrest warrant for a Ukrainian suspected of involvement in the pipeline sabotage. Source: Mario Nawfal on X
Passenger train lines in the USA vs Europe
Source: Massimo @Rainmaker1973
What’s the best explanation for why inflation has fallen so much more in the United States than any other G7 country?
Source: Erik Brynjolfsson @erikbryn on X
A person who invested $10k in the S&P 500 $SPY in 1993 would have faced:
• Asian Crisis, 1997 • Dotcom bubble, 2000 • GFC, 2007 • EU debt crisis, 2010 • Global pandemic, 2020 • Numerous recessions Yet, their initial investment would be worth $195k today (10% CAGR). Source: @KoyfinCharts
If July is a great month for the Nasdaq, September is not
Source: Bloomberg, zerohedge
Hedge funds have finally turned net bullish on the Japanese Yen
Source: Bloomberg, David Ingles
Gold is up 49% since WSJ published this little gem:
Source: @spomboy, WSJ, E.J Antoini
'While cyclicals have trailed defensives recently, they are still priced for an economic expansion.'
https://lnkd.in/eH8idMiZ ht @dailychartbook thru Jesse Felder on X, Bloomberg
