Global debt just hit $350 trillion. 🌎
On the next episode of The Digital Street, @rebeccawalser makes the case that the financial system isn't heading for a crisis. It's already in one.
The unwind won't be clean, and the exits are narrowing.
Are you GMI? 👇
NEWS: Porsche sold 71,470 vehicles globally in Q1 2025, down 8% YoY. However, sales in North America surged by 37%, reaching 20,698 units. Approximately 26% of Porsche’s total global sales were all-electric models, including 14,185 units of the all-electric Macan and 4,203 Taycans. This means every fourth Porsche is now electric. Agree on EV or Not?
The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust.
President @realDonaldTrump has elevated the tariff issue to the most important geopolitical issue in the world, and he has gotten everyone’s attention. So far, so good.
And yes, other nations have taken advantage of the U.S. by protecting their home industries at the expense of millions of our jobs and economic growth in our country.
But, by placing massive and disproportionate tariffs on our friends and our enemies alike and thereby launching a global economic war against the whole world at once, we are in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital.
The president has an opportunity to call a 90-day time out, negotiate and resolve unfair asymmetric tariff deals, and induce trillions of dollars of new investment in our country.
If, on the other hand, on April 9th we launch economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate.
What CEO and what board of directors will be comfortable making large,
long-term, economic commitments in our country in the middle of an economic nuclear war?
I don’t know of one who will do so.
When markets crash, new investment stops, consumers stop spending money, and businesses have no choice but to curtail investment and fire workers.
And it is not just the big companies that will suffer. Small and medium size businesses and entrepreneurs will experience much greater pain. Almost no business can pass through an overnight massive increase in costs to their customers. And that’s true even if they have no debt, and, unfortunately, there is a massive amount of leverage in the system.
Business is a confidence game. The president is losing the confidence of business leaders around the globe. The consequences for our country and the millions of our citizens who have supported the president — in particular low-income consumers who are already under a huge amount of economic stress — are going to be severely negative. This is not what we voted for.
The President has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system.
Alternatively, we are heading for a self-induced, economic nuclear winter, and we should start hunkering down.
May cooler heads prevail.
What are the best auto investments that you can drive under 100K daily?
1. Cadillac CT5-V Blackwing
Price: Starts at $95K
Performance: Equipped with a 6.2L supercharged V8 engine producing 668 hp and a top speed exceeding 200 mph.
Why It’s an Investment: As one of the last performance sedans with a manual transmission, it represents a dying breed of high-powered, analog driving experiences. Its rarity and enthusiastic appeal make it a strong candidate for future appreciation.
2. Porsche 718 Cayman GTS 4.0
Price: Around $90,000
Performance: Features a naturally aspirated 4.0L flat-six engine with 394 hp, delivering exceptional handling and driver engagement.
Why It’s an Investment: The mid-engine layout and naturally aspirated engine are increasingly rare in modern cars, making this model highly desirable among purists. Porsches also retain value well over time.
3. Porsche 911 (997.2 Carrera S) Older Vehicle
Price: Typically between $70,000 and $90,000 for well-maintained examples.
Performance: Powered by a 3.8L flat-six engine producing 385 hp, paired with either a six-speed manual or PDK transmission.
Why It’s an Investment: The 997.2 is considered the sweet spot between classic hydraulic steering and modern reliability. It was the last generation before Porsche switched to electric steering in the 991 models, making it highly sought after by enthusiasts. Limited production numbers compared to its predecessor (997.1) further enhance its collectibility157.
The Porsche 997.2 is particularly noteworthy as a daily driver due to its balance of practicality, timeless design, and engaging driving dynamics while still offering strong potential for value retention or appreciation over time
I just figured out why @howardlutnick is indifferent to the stock market and the economy crashing. He and Cantor are long bonds. He profits when our economy implodes.
It’s a bad idea to pick a Secretary of Commerce whose firm is levered long fixed income. It’s an irreconcilable conflict of interest.
Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.
Prime brokers (along with other key functions historically managed by banks for the most part) like Hidden Road have proven themselves as *the* trusted intermediary for the largest hedge funds, market makers, OTC desks, quant traders and more. Ripple has been a customer of Hidden Road for years, and we know their breadth of expertise firsthand, clearing $3 TRILLION annually for 300+ of the top financial institutions globally.
This is the capital and activity that will tap into XRP and the XRP Ledger’s bread-and-butter – instant, efficient, scalable and low cost movement of value. Instead of waiting for <24 hours to settle trades through fiat rails, Hidden Road will be using XRPL for clearing a portion of trades, and most consequentially, using RLUSD as collateral across its prime brokerage services, including cross-asset (crypto and traditional instrument) trades.
With this deal and the backing of Ripple’s significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become the largest non-bank prime broker globally.
Ripple and Hidden Road combined are a generational leap forward, ready to truly bring the worlds of traditional and decentralized finance together. https://t.co/UYOOyQ21dG
What's my play in these unstable markets?
Core Holdings: Don't Panic - allocate funds to established cryptocurrencies like #Bitcoin and #Ethereum, which are relatively stable compared - Long Term is the key theme.
#Altcoins and Emerging Projects: My picks in order #SUI#XRP #Solana #ONDO #chainlink #AVAX
More coming on diversified assets you should build to.
🇺🇸Gamechanger Bill could set the market ablaze this week maybe TODAY🏛️👀👀
BREAKDOWN👇👇���
https://t.co/Rf0KWV2kwA
#stablecoin #Crypto $AVAX $ETH $UNI $AAVE #defi