BlackRock Chairman and CEO Larry Fink writes in the FT that the old economic model is coming apart.
So what comes next? He talks about the emerging second draft of globalization, built not just to generate prosperity, but to aim it towards the people and places left behind the first time: https://on.ft.com/4kGO3vQ
Autonomous vehicle is a reality
Self-driving taxi company Waymo is now doing over 700,000 rides per month in California, up from fewer than 100,000 a year ago. Source: Charlie Bilello
How to analyze a company in less than 5 minutes - study these ratios:
Source: Brian Feroldi @BrianFeroldi
Is it time for the West to rethink its economic model?
Chart @econovisuals thru Michel A.Arouet
Too much tax kills the tax...
The saying "too much tax kills the tax" refers to the concept of the Laffer curve, which suggests that excessively high tax rates can actually lead to a decrease in tax revenue. This happens because high taxes can discourage economic activity, leading to less income and ultimately, less tax to be collected.
There are now 9 US companies with a market cap above $1 trillion:
Microsoft, Nvidia, Apple, Amazon, Google, Meta, Tesla, Broadcom, and Berkshire Hathaway. A decade ago, Apple was the largest company in the US with a market cap of $750 Billion. Source: Charlie Bilello
Buying a Tesla is becoming more and more affordable with each passing month.
The average price of a used Tesla has moved down to a record low of $28,662. That's 58% below the peak price from July 2022. $TSLA Source: Charlie Bilello
The Evolution of Trading
Source: Barchart
