In a surprise Monday ruling, SCOTUS determined Donald Trump is eligible to run for office again
The decision is a massive victory for Trump, whose eligibility on Colorado's ballot was challenged. The decision was issued one day ahead of Super Tuesday when 16 states will hold primary elections. Source: Business Insider
The interest payments on US Federal Government Debt have surpassed a $1 trillion annual rate, increasing 98% over the past 3 years
Source: Charlie Bilello
Another damming poll for Biden: With 8 mths left until Nov election, Joe Biden’s 43% support lags behind Donald Trump’s 48% in the national survey of registered voters
The share of voters who strongly disapprove of President Biden’s handling of his job has reached 47%, higher than at any point in his presidency. The betting markets are now also backing Trump. PredictIt has him 6%-pts ahead. Source: Bloomberg, HolgerZ
Wealth inequality keeps rising
The Top 1% of US earners now have more wealth than the middle class
🚨 February numbers are in and the Mag 7 are now the 𝗙𝗮𝗻𝘁𝗮𝘀𝘁𝗶𝗰 𝟰 year to date
Nvidia , Meta , Microsoft and Amazon driving all the gains while Apple , Google and Tesla fall out of the 7. Source: John Haslett, CA(SA), FRM
Today's report unveiled the largest positive surprise in US personal income since the surge in consumer prices began in 2021
Source: Tavi Costa, Bloomberg
More evidence of a decline in US Inflation...
The PCE Price Index moved down to 2.4% in January, its lowest level since February 2021. Cycle peak was 7% in June 2022. Source: Charlie Bilello
When you invest in US debt, think twice...
In Q4 2023, nominal GDP grew by 3.2% according to data on Wednesday. This would mean a $334.5 billion increase in nominal GDP. Meanwhile, over the same time period the US added $834.2 billion of debt. In other words, it cost us $2.50 of debt for every $1.00 of GDP last quarter, according to Zerohedge. As Fed Chair Powell recently said, "we are on an unsustainable fiscal path." What's the long term plan here? Source: The Kobeissi Letter, www.zerohedge.com
