AMERICA STILL RULES BILLIONAIREVILLE—BUT LOOK WHO’S CLOSING IN...
The US has 902 billionaires in 2025, holding the crown as the planet’s top luxury zip code for the super-rich. But China (yes, including Hong Kong and Macau) isn’t exactly playing small—it’s up to 516 and catching up fast. India’s creeping in with 205, while the rest of the billionaire club is scattered across Europe, Russia, and a few surprise players like Brazil and Canada, each with 56. Moral of the story? The money’s global—but it mostly speaks English and Mandarin. Source: Statista thru Mario Nawfal
From the behavior of a Developed Market to that of an Emerging Market in just one week?
Witnessing such a rare disconnect between the USD index (dark line) and US Treasury yields (blue line) is truly intriguing. Source: Andreas Steno Larsen
Literally off the charts...
Source: FT
China remains in deflation
*CHINA MARCH CONSUMER PRICES FALL 0.1% Y/Y; EST. 0% *CHINA MARCH PRODUCER PRICES FALL 2.5% Y/Y; EST. -2.3% Trade war with the US won't help Source: zerohedge @zerohedge
Sorry folks, but even after today’s flip-flop, we’re still looking at the biggest tariffs since the 1930s.
Source: BCA thru Peter Berezin
VanEck confirms that China and Russia are settling energy trades in Bitcoin.
Has De-dollarization already started?
The World's biggest Importers
Source: Visual Capitalist
Today's global trade reality.
In Blue -> Countries for which the US is the largest trading partner In Red -> Countries for which china is the largest trading partner (as measured by exports + imports)
