45% of American say their financial security is worsening while only 20% say it’s getting better.
57% of Americans believe the economy to be undergoing a recession.
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57% of Americans believe the economy to be undergoing a recession.
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AI is driving US GDP growth:
IT equipment and software investment now reflects a record 4.5% of GDP.
This surpasses the previous peak seen in Q4 2000, now up +1.5 percentage points since Q3 2023.
Since Q3 2023, IT equipment and software investment has risen +$288 billion, or +26%, to a record $1.39 trillion.
Since Q1 2020, AI-related investment has surged +$545 billion, or +64%.
AI is becoming the backbone of US economic growth.
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IT equipment and software investment now reflects a record 4.5% of GDP.
This surpasses the previous peak seen in Q4 2000, now up +1.5 percentage points since Q3 2023.
Since Q3 2023, IT equipment and software investment has risen +$288 billion, or +26%, to a record $1.39 trillion.
Since Q1 2020, AI-related investment has surged +$545 billion, or +64%.
AI is becoming the backbone of US economic growth.
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Former Trump, responding to questions about a possible invasion amid China’s live-fire naval drills around Taiwan, said, “I don’t believe he’s going to do it.”
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NEW: The Quality Learing Center in Minneapolis is now "trucking" in children after Nick Shirley's viral video, according to the New York Post.
The Post reports that the parking lot at the infamous Quality Learing Center is now "bustling with kids."
"We’ve never seen kids go in there until today. That parking lot is empty all the time, and I was under the impression that place is permanently closed," a local said.
About 20 kids were seen "streaming in and out" of the center, according to the Post.
"You do realize there’s supposed to be 99 children here in this building, and there’s no one here?" Shirley said in his viral video.
The owner's son, Ali Ibrahim, claims Shirley came before they opened and is blaming their graphic designer for messing up the sign.
"What I understand is the owners dealt with a graphic designer. He did it incorrectly. I guess they didn’t think it was a big issue," Ibrahim said.
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The Post reports that the parking lot at the infamous Quality Learing Center is now "bustling with kids."
"We’ve never seen kids go in there until today. That parking lot is empty all the time, and I was under the impression that place is permanently closed," a local said.
About 20 kids were seen "streaming in and out" of the center, according to the Post.
"You do realize there’s supposed to be 99 children here in this building, and there’s no one here?" Shirley said in his viral video.
The owner's son, Ali Ibrahim, claims Shirley came before they opened and is blaming their graphic designer for messing up the sign.
"What I understand is the owners dealt with a graphic designer. He did it incorrectly. I guess they didn’t think it was a big issue," Ibrahim said.
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Curt Mills pointed out that if Iranian ballistic missiles are Trump’s red line—as he stated today—then “we’re going to war tonight.”
“If Israel really didn’t need the United States, what is Netanyahu doing here days before the New Year… demanding potential strikes on Iranian ICBM missiles, not nuclear weapons. The goalposts have already moved from that.”
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“If Israel really didn’t need the United States, what is Netanyahu doing here days before the New Year… demanding potential strikes on Iranian ICBM missiles, not nuclear weapons. The goalposts have already moved from that.”
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Perps-shiller Wynn launched a coin which he’s now hard-shilling
Fwiw I don’t really trust this guy at all, refused to ever even follow him
Will keep an eye on it to see if anything redeeming, but missing many critical signals, not any great signals about it at all, yet, imo
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Fwiw I don’t really trust this guy at all, refused to ever even follow him
Will keep an eye on it to see if anything redeeming, but missing many critical signals, not any great signals about it at all, yet, imo
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No one wants defensive stocks:
Global defensive stocks are now just 17% of world market cap, near the lowest since the 2000 Dot-Com Bubble burst.
This percentage has fallen -7 points since the end of the 2022 bear market.
To put this differently, consumer staples, health care, and utilities have materially underperformed the broader market over the last few years.
This has been fueled by the outsized gains in the US technology sector.
A similar pattern occurred during the 1990s, while the opposite took place during the 2008 Financial Crisis, when global defensive stocks outperformed.
Defensive sectors are lagging.
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Global defensive stocks are now just 17% of world market cap, near the lowest since the 2000 Dot-Com Bubble burst.
This percentage has fallen -7 points since the end of the 2022 bear market.
To put this differently, consumer staples, health care, and utilities have materially underperformed the broader market over the last few years.
This has been fueled by the outsized gains in the US technology sector.
A similar pattern occurred during the 1990s, while the opposite took place during the 2008 Financial Crisis, when global defensive stocks outperformed.
Defensive sectors are lagging.
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OBSERVATION: I have a sneaking suspicion that Minnesota counties are using a broken CAPTCHA system on their open records portals on purpose. To get the portal to accept my requests I'm having to enter the CAPTCHA 10-20 times
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Hedge funds are extremely bearish on the Japanese Yen:
Leveraged funds held ~85,000 contracts of net short positions on the Yen in the week ending December 14th, the 2nd-highest since July 2024.
This marks the 2nd consecutive week of heavily bearish positioning, following ~92,000 net short contracts recorded in the week ending December 9th.
Short positions have gradually accumulated since July as the US Dollar has strengthened against the yen.
This comes as the gap between US and Japanese rates remains large, at ~3.0 percentage points, limiting support for the currency despite the Bank of Japan's rate hikes.
Additionally, real interest rates in Japan remain deeply negative, as inflation continues to exceed policy rates, discouraging investors from holding yen-denominated assets.
A similar situation was observed last year, when the USD/JPY currency pair rose above 160, prompting the Ministry of Finance to intervene in July 2024 to defend the domestic currency.
The yen is back under pressure.
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Leveraged funds held ~85,000 contracts of net short positions on the Yen in the week ending December 14th, the 2nd-highest since July 2024.
This marks the 2nd consecutive week of heavily bearish positioning, following ~92,000 net short contracts recorded in the week ending December 9th.
Short positions have gradually accumulated since July as the US Dollar has strengthened against the yen.
This comes as the gap between US and Japanese rates remains large, at ~3.0 percentage points, limiting support for the currency despite the Bank of Japan's rate hikes.
Additionally, real interest rates in Japan remain deeply negative, as inflation continues to exceed policy rates, discouraging investors from holding yen-denominated assets.
A similar situation was observed last year, when the USD/JPY currency pair rose above 160, prompting the Ministry of Finance to intervene in July 2024 to defend the domestic currency.
The yen is back under pressure.
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