The importance of capital markets for selected economies in one chart
Source: HolgerZ
The AI chip market size is forecasted to grow at a CAGR of 29% through 2032
Driven by the rising adoption of artificial intelligence across various industries, coupled with the growing demand for high-bandwidth memory, rapid computation, and parallel processing capabilities. Source: Beth Kindig
Are us financial conditions becoming too easy to tame inflation ?
Source: Bloomberg, Steno Research, Macrobond
Below central bank holdings of government bonds...
Greece was excluded from ECB QE under Draghi, but was included in COVID QE, giving it a big boost (pink). Greece then undermined the G7 cap on Russia at every turn, protecting its shipping oligarchs at the expense of the EU. If you can't behave properly, there should be no QE... Source; Robin Brooks
US Treasury issuance has expanded in recent years, sending the size of the US government bond market to a record ~$27tn.
Up ~70% since the end of 2019 & nearly 6x larger than before the ’08-’09 GFC. That is making some Wall Streeters nervous. Source: HolgerZ, WSJ
Debt
Source: Hedgeye
Goldman: "The institutional Bitcoin net long and hedgefund Bitcoin net short lengths are at record levels".
Is another epic squeeze coming? Source: www.zerohedge.com
The race continues...Bitcoin is up a 'modest' 237% in the last 12 months.
Cocoa is up 310% and NVIDIA 350%. Source: Bloomberg, Jeroen Blokland
