Weekly DRiP Campaign 💧
We’re excited to announce this week’s @drip_haus campaign with the theme of #STEPN Fusion 💫
What would you get if you fused a STEPN sneaker with an elephant, a unicorn or an octopus? 🐙
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After it entered the World Trade Organization in 2001, China’s real GDP grew at a double digit rate for nearly 20 years. Rapid growth can cover many economic sins, typically excessive debt and associated leverage. Those excesses are surfacing in China now.
The sharp price drop was affected by concern over continued high interest rates, bankruptcy at one of China’s largest property developers, and reports of Bitcoin sales by SpaceX.
https://t.co/bVo12nMdhY
Exclusive: Nine members of Hawaii’s Senate plan to call on the state’s attorney general to appoint an independent third-party investigator to carry out a “comprehensive review” of last week’s devastating wildfires. https://t.co/ssQkDlFJGO
🔍 What to Watch:
-Powell's speech expected to stress progress in curbing inflation. Hawkish tone may suggest rate hikes but not in September.
-Headlines moving assets like USD and $GOLD.
China is exporting deflation in a more profound way than I believe many economists and strategists appreciate. All else equal, the 15% depreciation in the yuan relative to the dollar in the last year should have increased its PPI inflation rate by 15%. Instead it has dropped 4%.
Two day work weeks? Fun-employment?
@Microsoft & @OpenAI CEOs @satyanadella and @sama share their contrasting visions for how AI will impact the future of work with @emilychangtv.
Watch the full interview here: https://t.co/H4f4J9k4yp