DOGE DEFLATIONARY EFFECTS?
Bloomberg Economics estimates that if hashtag#DOGE attempts to go for savings of $600B/year, GDP could take a -2% hit by the end of this year, the unemployment rate could rise by nearly a percentage point, and CPI y/y could fall by nearly 0.9 percentage points. Source: Kevin Gordon @KevRGordon on X
🚨US budget deficit is SKYROCKETING: The US borrowed $838 billion in the first 4 months of Fiscal Year 2025, or $7 BILLION A DAY.
This is $306bn HIGHER than the corresponding period last year, according to CBO👇 Source: Global Markets Investor @GlobalMktObserv
🚨Cash is TRASH, according to US equity funds:
Cash allocation of US equity funds has declined to just ~1.5%, the lowest on RECORD. The Fear of Missing Out (FOMO) has never been greater. This creates downside risk Source: Global Markets Investor, Goldman Sachs
Visualizing America's $29 Trillion Economy by State
Which states contribute the most to the U.S. economy? his graphic breaks down the country's GDP by state, including overseas activity. source : visualcapitalist, voronoiapps
The top 10% of income earners in the US now account for half of all consumer spending, a record high.
(Note: top 10% = households making >$250k). Source: Charlie Bilello, Moody's analtics
Apple's largest-ever investment commitment, by the numbers:
• Includes work in all 50 states • Doubles its US Manufacturing Fund • Creates Detroit manufacturing academy The project will start later this year with construction of a Houston-based AI server facility Source: Morning Brew
Tariffs are set to rise to 18% under Trump - according to the Tax foundation This level was last seen around the Great Depression
Source. Bravos Research, Apollo
“I’m actually pretty negative for the first time in a while,” Cohen said.
“It may only last a year or so, but it’s definitely a period where I think the best gains have been had and wouldn’t surprise me to see a significant correction.” Source: Alexander Stahel 🌻@BurggrabenH, Bloomberg
