I love this one... It also explains why Americans are so successful.
They are not afraid of trying and failing. In Europe, failure is too often not accepted Source: Stock Talk
And the Winner is…
Source: Michael A. Arouet
SpaceX is estimated to be up 10x since COVID (private marks)
Source: The Long View @HayekAndKeynes on X
The Bitcoin network has 610,929x more hashing computational power than the combined total of the world’s top 500 supercomputers.
Source: Documenting Bitcoin
The German economy has shrunk for 2nd year in a row ahead of elections, driven by both cyclical & structural challenges
German GDP declined by 0.2% in 2024, following a 0.3% drop in 2023. This marks only 2nd time since 1950 that econ has contracted for 2 consecutive yrs. Germany's prospects for 2025 remain bleak. Bundesbank predicts growth of just 0.2% and warns that another contraction is even possible if US President-elect Trump follows through on his tariff threats. Source: HolgerZ, Bloomberg
Mortgage demand is collapsing:
US mortgage applications for single-family homes fell 3.7% last week, marking their 4th consecutive weekly decline. As a result, the mortgage demand index has fallen to the lowest since February 2024 and its 3rd lowest level in nearly 30 years. The index has now fallen a whopping -63% over the last 4 years. This comes as home financing costs have rapidly surged while prices remain at all-time highs. Since mid-September, 30-year fixed mortgage rates have risen ~110 basis points and are back above 7%. Mortgage demand is at 1990s levels. Source: The Kobeissi Letter, MBA Purchase index
Government spending is now half of the economy in most of the developed world....
Source: The Long View @HayekAndKeynes
US Small-Business Optimism Hits Highest Since 2018 Post Election
- Bloomberg thru Christophe Barraud on X
