FREIGHT RATES ARE RISING AGAIN
"No news (out of Gaza) is bad news for Shipping-flation Freight rates out of China are rising rapidly again and we are likely to see the pass-through to goods-flation in the West already in May/June". Source: Andreas Steno Larsen
China now settles half of its crossborder trade in renminbi, up from zero in 2010
• Rise in RMB use highlights sanctions-proofing strategy of Beijing and its allies, such as Russia • China's promotion of CIPS, its homegrown alternative to Swift, may support rise in RMB use Source: Agathe Demarais
NEWS: Bitcoin exchange reserves fall to an all-time low of 1.7 million 😳
Is a supply shock coming? Source: Coinglass, SimplyBitcoin
The cost of servicing US government debt is on course to surpass defense spending
Source: Bloomberg, Michael McDonough
What is the Piotroski Score? It is a method of ranking the financial strength of a company
Using 9 questions, you can quickly determine the financial strength of Google or many others. Source: The Investing for Beginners Podcast
“Often times, the ones that are successful loved what they did so they could persevere when it got really tough”
- Steve Jobs
The biggest success of ETF launches in history?
iShares Spot Bitcoin ETF $IBIT ended up with 414 reported holders in its first 13F season, which is mind boggling, blows away record. Even having 20 holders as a newborn is highly rare. Here's a look at how the BTC ETFs compare to other ETFs launched in Jan (aka the Class of 2024) in this metric. Source: Eric Balchunas, Bloomberg Intelligence Who must file Form 13F? (sec.org) A: Institutional investment managers that use the United States mail (or other means or instrumentality of interstate commerce) in the course of their business and that exercise investment discretion over $100 million or more in Section 13(f) securities must file Form 13F
Michael Burry is back! This time he’s loading up on $10 million worth of physical gold $PHYS
Source: Barchart, CNBC
