The US public debt situation is going to get worse:
US net interest payments as a share of GDP are expected to reach a record 4.6% next year. That would more than DOUBLE World War 2 levels and exceed the all-time highs seen in the 1990s. This is also much higher than net interest as a % of GDP in all 38 OECD countries. Countries with relatively high interest such as Greece, Ireland, Spain, and Portugal are expected to reach interest-to-GDP ratios that are HALF the size of the US. To make things worse, these forecasts assume lower interest rates over the next year. Source: The Kobeissi Letter, OECD, Tavi Costa
👉 JUST IN: Microsoft asks shareholders to vote on whether to consider investing in Bitcoin!
Source: Swan on X
☠ ☠ ☠
Source: Wall Street Silver
JUST IN: Chinese President Xi Jinping says BRICS must promote a new financial system.
"There is an urgent need to reform the international financial architecture, and BRICS must play a leading role in promoting a new system that better reflects the profound changes in the international economic balance of power."
US Chips Act is fuelling boom in chip factory construction on American soil
• Major semiconductor firms have announced more than US$400bn in planned US investment • Boom means Chips Act could come with US$85bn price tag - instead of US$24bn as planned originally Source: Agathe Demarais @AgatheDemarais on X, Bloomberg
Buybacks vs dividends... which one you intend to favour going forward?
Source chart: BofA
How Nvidia $NVDA makes money
🙈 The stock is up nearly 200% YTD Source: Carbon Finance
Slow and steady wins the race
Source: wallstreetbets
