daily prophet @Michael03012649
Joined February 2022-
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Xi Jinping's aggressive armada is keeping Asian nations from tapping their oil and gas riches in the South China Sea trib.al/fa0iSEv
US Pacific commander says China is pursuing ‘boiling frog’ strategy ft.com/content/f926f5…
Why Rising Stocks, Home Prices are Leaving Young Americans Behind - WSJ wsj.com/economy/housin…
Chinese regulators warn against Silicon Valley Bank-style meltdown ft.com/content/eabb21…
The US has pushed through another big military aid package for Ukraine and there's growing resentment that Europe - over and over - just drops the ball. It's actually worse than that. Europe not only drops the ball, but chases coin by supplying Russia with goods via Central Asia.
Xi shakes up China’s military in rethink of how to ‘fight and win’ future wars | CNN cnn.com/2024/04/27/chi…
Military briefing: Russia’s narrowing advantage in Ukraine ft.com/content/1e7204…
Yen tumbles past 158 against dollar on stubborn U.S. inflation - Nikkei Asia asia.nikkei.com/Business/Marke…
Exclusive: Half of Russia's payments to China made through middlemen, sources say | Reuters reuters.com/business/finan…
China will give a one-time subsidy of as much as $1,380 to consumers who trade in their old vehicles and buy a newer model. trib.al/GHrPwnK
A bold vision for Europe is all good and well, but the future of Europe is determined in the here and now, i.e. in how Europe responds to Russia's invasion of Ukraine. In this regard, Europe just drops the ball. French exports to Kyrgyzstan are up 550% from before the invasion...
Trump Allies Draw Up Plans to Blunt Fed’s Independence - WSJ wsj.com/economy/centra…
The Dream of Fed Rate Cuts Is Slipping Away - WSJ wsj.com/economy/centra…
China's Xi says the U.S. needs to accept Beijing's rise for bilateral relations to improve cnbc.com/2024/04/26/us-…
Don’t Buy the MAGA Meme About Weak Biden, Strong Trump - Bloomberg bloomberg.com/opinion/articl…
Blinken Meets With Xi as U.S. Pressures China to End Support for Russia - WSJ wsj.com/world/blinken-…
Investors brace for 5% Treasury yields as US inflation worries mount | Reuters reuters.com/markets/us/inv…
"China says it wants good relations with the West. At the same time, Beijing continues to fuel the largest armed conflict in Europe since World War Two. They cannot have it both ways," he warned. - China must stop supporting Russia's war in Ukraine if it wants to enjoy good…
Potential Warning on China & Copper: Copper import premiums in China have gone to zero for the first time since GFC.
Choose between stability and ‘downward spiral’ China’s foreign minister tells Blinken during Beijing trip | CNN cnn.com/2024/04/25/wor…
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"Don't get frightened out at the wrong time...the time to get rich is by buying when share prices are low." — John Templeton
Sundar Pichai, the CEO of Google, acknowledged that Al systems can independently develop skills, a phenomenon he described as a "black box"
Not a joke.
President Biden: The 2024 election is in full swing and yes, age is an issue. I'm a grown man running against a six-year-old
You think housing prices will keep going up because you've seen it all your life. But this is a historic anomaly that is likely to reverse soon: Prices might start shrinking in many places. This thread is the case against investing in housing:
This chart is fascinating. Gold miners, arguably the most hated industry in today's markets, are also at their most undervalued state in 40 years based on their price-to-net-asset-value ratio. I call this the perfect storm.
“The biggest thing about making money is time. You don’t have to be particularly smart—you just have to be patient.” — Warren Buffett
All successful people are good at this. #principleoftheday
Germany's low and stable debt isn't an outlier. Denmark (DK), the Netherlands (NL), Norway (NO), Sweden (SE) and Switzerland (CH) all have low and stable debt. The Euro zone high debt countries portray Germany as an outlier. It isn't. Germany is just running with the wrong crowd.
"Investing is one of the few professions where you can objectively improve every day until the day that you die." — Naval Ravikant
“The only way to avoid mistakes is not to invest—which is the biggest mistake of all.” — John Templeton
Now is not the time to stand in the way of this long-awaited historical breakout, in my view. With gold prices at these levels, mining companies are likely to become true cash-flow machines. Newmont's earnings release today was just a glimpse of what's to come.
'Valuations of the world's gold producers, led by Newmont and Barrick, have rarely been as heavily discounted in the past 40 years versus the gold price as they are now.' ft.com/content/69d46a…
104,073 job cuts this month, thus far #MacroEdge