BREAKING: Container shipping costs from China have spiked to their highest levels since 2022
Since the beginning of 2024, shipping rates have more than TRIPLED. It now costs ~$9,000 to ship a 40-foot container from Shanghai to New York and ~$8,000 to Los Angeles. This has been driven by a sharp drop in Suez Canal transit volume, disruptions at some ports in Asia, and demand increase due to inventory restocking. Rising shipping costs should be considered as an upside risk to inflation. Source: The Kobeissi Letter
The rich are getting richer faster than ever before
The top 40% of US income earners hold 83% of the total net worth, near an all-time record. The top 20% account for 71% of the total net worth, up 10 percentage points over the last 2 decades. On the other hand, the bottom 40% of income households hold only 8% of the wealth. Moreover, the bottom 20% of earners reflect just 3% of total US wealth. Over the last few years, the rich have gotten a lot richer. Most consumers are struggling. Source: The Kobeissi Letter, BofA
Where do 8 billion people live?
Source : statsofindia.in
Visualizing Global Gold Production in 2023
Source: Elements
"You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time." — Charlie Munger
Source: Investment Wisdom
Here are the companies with the most Generative AI patents
Source: Voronai, Savvy Trader
China’s rise in coffee consumption
Bullish cocoa ? Source: Eugene Ng, The Economist
The 10/20/30 Rule by Guy Kawasaki.
You can use it to ace your next presentation... Source: Eric Partaker
