@CatchUpFeed For context he went shopping in the most expensive area of the most expensive city, buying the most expensive items (think of the cost of shipping bananas to Moscow), during the most expensive time of the year.
Inflation is geographically specific in a lot of ways, and deeply personal.
Putting aside quibbles with numbers, it's a nice reminder that not everyone in the US is impacted by inflation in exactly the same manner.
h/t @iaivanova of @CBSNews
$AAPL iPhone Sales tumble -27.5% QoQ and -11.9% YoY for 1Q 2023
Apple saw its sales tumble 27.5 percent to 53.3 million units from the year-ago quarter. The iPhone 14 family made up 78 percent of that number.
This was the worst quarter since 2014 for smartphone shipments with total sales of 250 million units. Compared to last year, sales declined by 19.5 percent and this could be attributed to the gloomy global economic environment. In contrast, 301 million smartphones were shipped in Q4 2022.
@OmarMora1es@rabois Was this rated by the Vengaboys?
The Vengabus is coming
And everybody's jumping
New York to San Fransisco
An intercity disco
The wheels of steel are turning
And traffic lights are burning
Apologies to anyone who will have this song in their heads the rest of the day
@DiMartinoBooth Also positive real rates are the ultimate constraint and defense against financial "engineering" and government spending excesses. If Powell can bring them back and normalize them, the whole world economy will return to a more balanced state. Politicians and bankers won't like it
Let’s get one thing straight. Yellen says SVB will not be bailed out. Equity will be wiped out
That has NOTHING to do w/SVB depositors getting most of their money back OR @FDIC guaranteeing deposits elsewhere
The sin of conflation should be made official as the 8th Deadly one.
Tech employment outpaced general employment post Covid lockdown but now Tech unemployment outpaced general unemployment.
More context:
Tech unemployment may represent >25% of U.S. Equities BUT <2% of U.S. Payrolls.
In 2019, the total net electricity consumption (known as load) on the Continent was 2,635 terawatt-hours (TWh). Including all European countries - Great Britain, Ireland, the Nordics/Baltics, which are not synchronous but connected, it gets >3,300TWh. Big!
4/n Source: Entso-e
@balajis From 2500 to 64 BC,Phoenicians created a beautiful maritime confederacy with trade routes across the Mediterranean & ventures even into the North Sea. Their loose structure, with varied governments, allowed for the collapse of some nodes, even the original cities in the Levant.