Global Index: AI-Driven Data on Global Politics, Military, Economy, Science, Tech, Health, Education, Tourism, Culture, Environment, Geography, and Maps.
1. Stocks: all-time high
2. Home Prices: all-time high
3. Bitcoin: all-time high
4. Gold: all-time high
5. Money Supply: all-time high
6. National Debt: all-time high
7. CPI Inflation: 2x the Fed's target
8. Powell signaled the Fed is moving away from its strict 2% framework.
BREAKING: Semiconductor stocks $SMH
are on track for their biggest loss since the onset of COVID. NVIDIA $NVDA is set for its worst decline since 2020, with a record market cap loss of over $400 billion—the largest single-day drop in company history. Overreacting!
McDonald's is turning into a luxury: $MCD same-store sales fell 1.5% in Q3 2024, exceeding the expected 0.7% drop. This marks the second consecutive quarterly decline, the longest streak since 2020, as record-high fast food prices deter spending—even at McDonald's.
One of the most remarkable charts of all time: oil prices on April 20, 2020—down over 200% in a single day. Truly historic. We remember trying to explain to people who wanted to go long on oil futures close to zero dollars how futures prices could go negative, and they told me I was crazy. I guess some of them found out the hard way.
With 33 days until election day, markets appear to favor JD Vance as the clear winner of the recent VP debate against Tim Walz. The Goldman Sachs Republican policy pair depot has seen a significant increase, while the Goldman Sachs Democrat policy pair depot has declined recently. This shift suggests a positive outlook for Vance following the debate.
U.S. house prices are falling, with monthly home value declines observed in Florida. The most significant decreases are occurring in Sarasota, Punta Gorda, Cape Coral, and Naples, with declines ranging from -0.70% to -1.00% in August 2024, seasonally adjusted. Based on our observations from the ground, these value declines are expected to continue and become more pronounced as 2024 progresses.
BREAKING: Multiple shots were fired in the vicinity of Donald Trump as he was golfing at the Trump National Golf Club in West Palm Beach. FBI says incident in Florida appears to be 'apparent assassination attempt' against Trump. Sheriff says that the suspect at Trump golf course had an AK-47-style rifle with a scope, two backpacks and a GoPro.
Brent Crude oil prices are currently near their lowest levels since 2021, having dropped about 8% year-to-date. Since reaching a peak in April, prices have fallen by 22%, officially entering a bear market. As demand decreases in major economies, there are concerns that oil prices may be reflecting a global economic downturn.
Coinbase's dominance in Bitcoin spot trading volume has returned to levels seen before the spot ETF was introduced. For the bullish trend to continue, U.S. demand needs to recover. However, retail interest appears to be absent, and there are many predictions of a recession and that we are currently in a bear market.
Global Debt Reaches Record High: In Q1 2024, global debt soared to $333 trillion. Sector breakdown: Non-financial Corporates: $94 trillion, Governments: $90 trillion, Financial Corporates: $69 trillion, and Households: $59 trillion. This represents 333% of global GDP.
Topographic Map of the US: Florida Faces Worst Real Estate Crisis in Decades. Florida condo owners are cutting prices by up to 40% to avoid substantial repair costs. Some units have seen nearly $500,000 wiped from their asking prices due to safety concerns, prompting a wave of sell-offs. Many owners, particularly retirees on fixed incomes, are struggling to afford retrofitting costs between $100,000 and $200,000, forcing them to sell and potentially face homelessness.
The condo market in Florida is crashing, with $1 million units soon available for the price of a used car, plus retrofit expenses. While the government invests billions in foreign conflicts, domestic building safety issues are left unaddressed, benefiting elites who will purchase distressed properties at a discount. This crisis is not limited to Florida but is spreading across the country. Economic depression is on the horizon, and preparations are needed. In South Florida, some areas are deteriorating significantly, with Mainland Miami compared to a Caribbean slum.
Signs of Russia's Disintegration: Russian food suppliers are warning of price hikes up to 40% on bread, dairy, chocolate, and beer over the next month, according to Kommersant. These increases, expected in August and September, are due to high inflation, costly loans, and rising expenses for shipping, personnel, packaging, and raw materials. @AsiaFinance predicts that this surge in inflation could lead to social unrest and potentially the collapse of the regime.
BREAKING: U.S. credit card serious delinquency rates surged to 7% in Q2 2024, the highest since 2011. Delinquencies of 90+ days have more than doubled since 2022. Capitalpedia reports an average of 3.73 credit cards per American, with the highest averages in NJ (4.5), FL (4.3), and RI (4.2), and the lowest in AK (3.2), SD (3.3), and VT (3.3).
The hedge fund industry has experienced significant changes and fluctuations over the years. In 2009, it saw the largest number of individual hedge fund launches in a single year, with 1,006 new funds entering the market. However, in recent years, there has been a decrease in the number of hedge fund launches. For example, in 2022, there were 166 new funds launched, representing a 41.3% decrease compared to the previous year. As of 2022, a total of 14,415 hedge funds and fund of hedge funds have been launched.
Millionaire Migration in 2024: Millionaires are leaving China, the United Kingdom, and India, heading to the UAE, the U.S., and Singapore. The UK, once a cradle of Western civilization, is experiencing the fastest decline. According to @AsiaFinance, Dubai is attracting the most millionaires, primarily due to its tax incentives, despite concerns that the city may not be the most suitable for human habitation.
BREAKING: A fire is currently burning at the Zaporizhzhia Nuclear Power Plant in Ukraine. This is a critical situation, putting the safety of the plant and surrounding areas at serious risk. Immediate attention from international authorities is urgently needed. This is deeply concerning, and we can only hope it is quickly brought under control to avoid a disaster on the scale of Chernobyl.
Leaked footage shows a Russian Su-34 bomber destroyed by a Ukrainian Armed Forces drone raid on the Morozovsk airbase in the Rostov region. While satellite images initially only revealed a damaged ammunition depot, it is evident that the losses were more significant due to the Ukrainian kamikaze drones.
🚨 BREAKING: Former YouTube CEO Susan Wojcicki has passed away at the age of 56 after a two-year battle with cancer. Wojcicki was appointed CEO of YouTube in 2014, a position she held until her resignation in February 2023. With over two decades of experience in the technology industry, she played a pivotal role in the early days of Google, renting out her garage as an office to the company's founders, Larry Page and Sergey Brin, in 1998.
BREAKING: The world is astonished by the Ukrainian army's success. The Ukrainian Army continues to advance in Russia's Kursk region, breaking through additional defensive lines. In this video, they capture 50 Russian soldiers as prisoners of war. Is this the first time in over 70 years that Russia is being invaded?
The volatility of U.S. stocks is reaching unsustainable levels. The Volatility Index (VIX) surged by an astonishing 164% in today's session, marking its highest level since the COVID-19 crash in March 2020. This is only the second time, aside from the COVID-19 pandemic, that the VIX has reached such highs, with the first being during the Great Financial Crisis of 2007-2009.