2006: AWS annual revenue was $21 million / 2025: $21 million every 1 hour, 22 min
Source: Jon Erlichman @JonErlichman
China now runs a trade surplus in cars with the EU after many years in which it ran a deficit.
Is a huge deflationary shock coming to the EU ? Maybe the ECB should recognize this and cut interest rates as aggressively as possible as a weaker Euro will help... Source: Robin Brooks
AI mania is the only game in town as the real economy sinks.
Great chart from @WarrenPies highlighting the recent divergence. Source: Bob Elliott @BobEUnlimited
Data center demand for electricity is predicted to double by 2030. - FT
Source: Energy Headline News @OilHeadlineNews
Here are the largest holdings in the S&P 500
Source: Leveraged shares, Evan
The Melt-Up
"However you measure it, tech stocks are on an all-time heater. This is one of the great bull markets we’ve ever witnessed. So now what? Source: Ritholtz @RitholtzWealth
The total value of the US stock market is now ~245% of the country’s GDP – far above the 100% level that Warren Buffett considers a sign of a market bubble.
Source: HolgerZ, Bloomberg
💰 How Much Gold Is Left to Mine?
To visualize: • 🟨 All the gold ever mined would fit inside a cube just 22.3 meters wide — smaller than the Great Pyramid of Giza. • 🟨 Remaining reserves would form a cube of 15.2 meters per side. • ⛏️ Two-thirds of all gold in human history has been extracted since 1950, a period of accelerated mining and financialization. 📊 Source: World Gold Council, Britannica, Live Science Source: INVEST
