Global Statistics @Globalstats11
Top 10 Largest Car Producing Countries in 2024 1. China - 31,281,592 2. United States - 10,562,188 3. Japan - 8,234,681 4. India - 6,014,691 5. Mexico - 4,202,642 6. South Korea - 4,127,252 7. Germany - 4,069,222 8. Brazil - 2,549,595 9. Spain - 2,376,504 10. Thailand - 1,468,997 Source: International Organization of Motor Vehicle Manufacturer
Carvana has pulled off one of the greatest comebacks in stock market history.
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company offers vehicle acquisition, inspection and reconditioning, online search and shopping experience, financing, complementary products, logistics network and distinctive fulfillment experience, and post-sale customer support. Comment by Next100 baggers on X: "The stock had to rally 9,900 % just to crawl out of a 99 % draw-down, so even at $345 it’s still below the 2021 peak. The turnaround is real, SG&A per unit has fallen from roughly $4.7 k to $2.2 k, gross profit per unit has doubled to about $6.4 k, and the $5.7 B debt deal pushed maturities out to 2030 but fundamentals now carry a premium price tag. At $345 the market cap is roughly $75 B and enterprise value about $50 B, versus Street FY25 EBITDA estimates near $2.1 B, which puts you in the mid 20s EV/EBITDA range while retail unit volume is still shrinking. Fantastic comeback trade, much tougher fresh entry". Source: Brew markets
Deflation remains the name of the game in china
China’s producer prices plunged 3.6% in June from a year earlier, marking its largest decline in nearly two years, as a deepening price war rippled through the economy that’s already grappling with tepid consumer demand. The drop in producer prices, however, came worse than the expected 3.2% in a Reuters poll and marked its biggest fall since July 2023, according to LSEG data. The PPI has been mired in a multi-year deflationary streak since September 2022. The consumer price index edged 0.1% higher in June from a year ago, according to data from the National Bureau of Statistics Wednesday, returning to growth after four consecutive months of declines. Economists had forecast a flat reading compared to the same period a year earlier, according to a Reuters poll. Core CPI, stripping out food and energy prices, rose 0.7% from a year ago, the biggest increase in 14 months, according to NBS. China June Annual CPI +0.1% [Est. 0.0% Prev. -0.1%] Monthly CPI -0.1% [Est. 0.0% Prev. -0.2%] Annual PPI -3.6% [Est. -3.2% Prev. -3.3%] Monthly PPI -0.4% [Prev. -0.4%] Source: CNBC
This is what happens to a currency when the focus is to increase debt to inject liquidity, rather than addressing the root causes of the problem.
Thank God we have gold (and bitcoin). Source: Guilherme Tavares i3 invest
Euro makes new all-time highs every day in trade weighted terms.
Indeed, many countries - above all China - are pegged to the dollar. That supercharges the rise in Euro vs USD (white), taking Euro to stratospheric levels in trade-weighted terms (orange). Is inflation coming for the Euro zone... Source: Bloomberg, Robin Brooks
Nautilus Research ➡️ 2025 vs. 4-year Election Cycle Composite.
A last "hurrah" before some troubles ahead?
US debt has consistently risen regardless of which party is in power
Source: The Rabbit Hole @TheRabbitHole84
Oxford Economics thinks maybe everything is just being rerouted thru Vietnam
Source: RBC, Oxford Economics
