Goldman Sachs says #India will overtake US to become world's 2nd-largest economy by 2075. On top of a burgeoning population, driving the forecast is country’s progress in innovation & technology, higher capital investment & a rising worker productivity.
Good Morning from #Germany where 10y German bond yields and thus also mortgage rates have shot up sharply again. 10y Mortgage-Backed Security rates (so-called Pfandbrief yields) have jumped to 3.42%, near a 12y high. This reduces the affordability of properties for German households. In order to afford to buy property at higher interest rates, housing prices would have to fall 35%. So far, however, housing prices have only fallen by ~15%.
The illusion of choice: The 🇪🇺 ECB will give citizens a say in the new design of currency but not in how much it gets devalued through inflation 👀😮
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Interest payments on 🇺🇸 US debt have gone parabolic 👀
On track to hit $1 TRILLION by end of year 😱
While the rest of world battles rising prices, 🇨🇳 China’s inflation is at 0% 👀
However, the weakening economic performance has Chinese economists urging the government print more RMB and target consumers with stimulus measures 😮
NEW: According to Invesco, 85% of the 85 wealth funds and central banks interviewed believe that Inflation will stay higher in the next decade.
🟨 Gold is becoming more attractive as nations prefer to "self-custody" their 🟨 reserves at home after the freezing of 🇷🇺Russia's reserves.
Learning the hard way. Study #Bitcoin Instead.
NEW: "The BRICS’ 🟨 gold-backed currency [...], will weaken the 💵 dollar and the 💶 euro and will benefit countries such as 🇮🇷 Iran, while Iranians in possession of gold will experience a wealth increase." - Rasoul Mousavi, Assistant Foreign Minister 👀
JUST IN: #Bitcoin hash rate reaches a new all time high of 395 EH/s 👀🙌
NEW: Arkham announces a marketplace to buy or sell information on any blockchain wallet address 🤔
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Andreas Antonopoulos explaining Bitcoin on Joe Rogan ✨
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Bitcoin can be stored literally as colors.
Read that again.
Developers found a way to convert bitcoin "private keys" or "seed phrases" into a sequence of colors linked to their hex codes. Imagine using a colorful painting on your wall as your secretly encoded bitcoin password.
Ukraine 🇺🇦: “Ukraine is not ready to join NATO” declared Joe Biden.
Biden said he had spoken at length with V. Zelensky on the matter and pledged that the US would continue to provide security and weapons to Ukraine, as it did to Israel, while the process unfolds.
“I think we have to chart a rational path so that Ukraine can qualify to be able to join NATO,” added Biden.
Owning #bitcoin in 2023 is like getting Royal Flush on the Flop in poker. You know you’ve won, and are just waiting for it to play out.
MARK ZUCKERBERG
2004 - Steals Facebook
2016 - Copies Snapchat (Instagram Stories)
2020 - Copies TikTok (Instagram Reels)
2023 - Copies Twitter
2024 - Copies Space X
2025 - Changes name to Elon Musk
"Fate loves irony"
Joe Biden admits that Ukraine has run out of ammunition.
The USA and NATO can’t keep up with Russian ammunition production despite outspending Russia 10 to 1 on military.
We invest trillions $ in aircraft carriers and F-35 but forget about basics.
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