Nothing new, but imagine the huge cash pile starts feeling the equities FOMO...
Source: BofA, TME
10 Accounting KPIs everyone should know
By Compounding Quality / Chris Quinn
During 25 years before joining the Euro Italian Lira lost 83% against Deutsche Mark. Last 25 years they have been pegged. How much value would the Lira have lost against Deutsche Mark without the peg?
Source: Bloomberg, Michel A.Arouet
THE US REAL ESTATE MARKET IS MAKING HISTORY...
As highlighted by The Kobeissi Letter -> For the first time since 2005, new home prices are set to drop below existing home prices. In other words, new will be selling for LESS than old. The median new home price is down to ~$410,000 while the median existing home prices is nearing $400,000. Why is this happening? ~90% of mortgages outstanding currently have an interest rate that is below 5%. Many mortgage rates are BELOW the current inflation rate. A mortgage issued in 2020 or 2021 is effectively an asset now. Truly historic. Source: The Kobeissi Letter
German exports of motor vehicles and parts (blue) to Kyrgyzstan are up 5500% since Russia invaded Ukraine
Is Kyrgyzstan suddenly in a massive boom or are these vehicles and parts just transiting through Kyrgyzstan? Source: Robin Brooks
Amid a collapse in 'hard' economic data, 'soft' surveys from S&P Global was expected to see both Services and Manufacturing PMIs slide further in preliminary November data
However, the data was more mixed with US Manufacturing falling more than expected to 49.4 - back into contraction - (vs 49.9 exp) from 50.0 in October. However, US Services unexpectedly rose from 50.6 to 50.8 (exp 50.3). Source: Bloomberg, www.zerohedge.com
US budget deficits in the years to come
Source: Win Smart, CBO , Bloomberg
Uranium narrative has been making headlines this year. Just in 2023, Uranium is up by nearly 60%
Prices are now back above the levels seen before the Fukushima incident in March 2011. Simultaneously, uranium prices also major tailwinds from a supply deficit in the coming years, especially in the U.S. By 2028 a shortfall of 60% is expected... Meanwhile, a long list of countries sees nuclear as one of the only "clean" viable option... Source: Game of Trades
