6 May 2024
JUST IN 🚨: Treasury Secretary Janet Yellen says the Bank of Japan BoJ should consult with her before intervening to support Japanese Yen
Source: Barchart
6 May 2024
What is a credit default swap? (CDS)
Source: Boring_Business @BoringBiz_
6 May 2024
The cost of buying a home in the US rises to $2,750/month, the second highest ever recorded, according to Reventure.
Prior to the pandemic in 2022, the average home in the US would cost $1,400/month. In other words, it is now 100% MORE expensive to buy a home in 2024 compared to 2020. Even at the peak of the 2008 Financial Crisis, the average home payment peaked at $1,550/month. The average US family would need to spend 44% of their PRE-TAX income to buy a home today. Source: The Kobeissi Letter, re.venture
6 May 2024
US earnings season UPDATE: 1Q earnings reported so far are +7.0% above expectations. (Clone)
Source: Mike Zaccardi, BofA
6 May 2024
US earnings season UPDATE: 1Q earnings reported so far are +7.0% above expectations.
Source: Mike Zaccardi, BofA
6 May 2024
Charlie Munger helped Warren Buffett turn Berkshire Hathaway into one of the most successful companies in the world.
Here's one of his famous quotes... Source: Evan
6 May 2024
Meanwhile in China...
What if China starts doing to US "tech champions" what China did to US Rust Belt "industrial champions", US unions, & the US working class 2001-10? Source: Bloomberg / Luke Gromen
6 May 2024
US vs. Europe: equity returns were very much similar before 2009...
Source: FT
