The world’s 500 richest people added $852bn to their fortunes in the first half of 2023. Each member of the Bloomberg Billionaires Index made an avg of $14mln per day in H1. It was the best half-year for billionaires since the back half of 2020, when economy rebounded from Covid-induced slump. Tesla CEO Musk came out on top, added $96.6bn to his net worth this year through June 30, while Meta Platforms CEO Zuckerberg gained $58.9bn.
German manufacturers make deeper cuts to output in June as order book decline gathers pace. German Final Manufacturing PMI slumps to 3y low. Sank to 40.6 in June from 43.2 in May, below the flash estimate of 41.
Good Morning from #Germany where gas storage levels have risen to 80.5% full & are thus well filled for this time of year. The well-filled storage facilities are one reason why gas prices, at €37/MWh, are down 75% YoY. A year ago, gas storage facilities across Europe were being filled frantically.
In the 2008 economic crisis, the 🇺🇸 US created the Troubled Asset Relief Program (TARP), a $700 billion government bailout 👀
The 🇺🇸 US National Debt has increased by $851 billion in the last month 😮
#Bitcoin University spotted in Houston, Texas 👀
https://nostr.build/av/a5f369e1a67a8d9d5fca197dbf0e76d1d922675724228f82eaab32ddb2aa9dfc.mp4
JUST IN: Former CEO of PIMCO, Mohamed El-Erian, calls out the 🇺🇸 Fed for "outmoded policy frameworks, lack of cognitive diversity and poor accountability." 👀😮
WEF: We are increasingly to move towards more ‘stick’ like interventions to achieve Net Zero 😮
https://nostr.build/av/05cc84eeb961174f0ccc7d92003dc44e34029936835d448c8a48f26a09be5fc6.mp4
CAGR is similar to the average yearly growth rate for an investment, however, it takes into account that the investment grows each year, and that growth can also grow (this is what we call "compounding").
We are witnessing the largest decline in #Bitcoin exchange inflows and exchange supply in history 👀🙌
Compared to White women, Black women gave birth out of wedlock at:
- 8.6x the rate in 1940
- 9.4x the rate in 1960
The share of births to unmarried Black women began its ongoing trend upward in 1949.
Note also the impact WW2 had.
European Union 🇪🇺: In order to prevent a possible pandemic, the European Union bought 325 million doses of vaccines, which technically do not yet exist.
The European Commission signed an agreement with Pfizer, HIPRA, CZ and Bilthoven Biologicals, so that these companies are ready in an emergency and guarantee doses for the European population. In particular are mRNA vaccines that were first released during the C19 pandemic.
Germany 🇩🇪: According to the DW portal, rice production is responsible for 10% of global methane emissions that contribute to the greenhouse effect.
#ClownWorld
USA 🇺🇸: George Soros published that artificial intelligence threatens democracies and helps authoritarian regimes, but he doesn't see how to stop this process.
Brazil 🇧🇷: Report from the newspaper “Wall street journal” indicates that Brazil may have become a paradise for Russian spies and cites the cases of some spies arrested in other countries but who had Brazilian citizenship.
6 #Bitcoin confirmations is not enough
Hal Finney on #Bitcoin in 1992.
#Zapathon
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