Independent thinking for complex markets and current events
CHINA'S BYD OUTSELLS $TSLA IN EUROPE FOR 2ND TIME THIS YEAR BYD crushed Tesla again in July with European 🇪🇺 sales more than tripling to 13,503 vehicles versus Tesla's 6,600 registrations that dropped over 42% from last year. This marks the second time BYD has outsold Tesla in… pic.twitter.com/PwvTJrpD3W — Wall St Engine (@wallstengine) August …
Retail’s still dancing while the smart money heads for the exits. When tech is 34% of the index and the top 10 names control 40%, that is not diversification, it is a loaded mousetrap. Fires don’t start with fireworks. They start when no one’s looking and everyone feels safe. Ladies and Gentlemens, The Schiller P.E …
by Mike Maharrey Those golden bulls have grabbed some attention. According to the latest Gallup poll, gold has overtaken stocks and is now viewed as the second-best long-term investment in America, trailing only real estate. In the latest survey, 23 percent of the respondents chose gold as the best long-term investment. That was up five points …
by Mike Maharrey According to Bank of America, gold has overtaken the euro to become the world’s second-largest central bank reserve asset. With the central bank gold buying spree over the last several years, along with the rapid rise in price in 2024, the yellow metal now makes up about 16 percent of total reserve …
Just a decade ago, Indian GDP was the eleventh largest in the world. Now, with 7 percent growth forecast for 2022, India’s economy has overtaken the United Kingdom’s in terms of size, making it the fifth biggest. That’s according to the latest figures from the International Monetary Fund. India’s growth is accompanied by a period …
The Russian economy has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June. As bne IntelliNews reported in August, Russia had already overtook Germany to become the fifth biggest economy in adjusted terms. Hit …
"Using the cyclically adjusted price/earnings ratios published by Barclays Bank Plc, India recently overtook the US to become the world’s most expensive major stock market."@johnauthers pic.twitter.com/anXhnW2Fzq — Daily Chartbook (@dailychartbook) June 6, 2024 CAPE in economic terms refers to the Cyclically Adjusted Price-to-Earnings Ratio (CAPE ratio). It’s a valuation metric used to assess the stock market’s …
The head of the Russian Central Bank, Elvira Nabiullina, stated in an interview for RIA Novosti yesterday that the BRICS states have overtaken the G7 in terms of share in global GDP in PPP terms. As new members have joined, the group’s share in global output rose from 31% to 35% as of the end …
In a surprising turn of events, a recent Harvard CAPS-Harris poll reveals that immigration has taken the lead as the primary concern for voters, surpassing even the persistent worry of inflation. With 35 percent of respondents pointing to immigration, this marks a significant 7 percentage point increase compared to the previous month. The poll also …
Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles. China’s BYD Co. bills itself as the biggest car brand you’ve never heard of. It might need a different tagline soon. The …
India is where China was in mid-2000s. It is at the edge of the runway to take off and will double its GDP every 5 yrs or so. Its biggest challenge though is policy paralysis, while China being a one-party system can chart a 50 yr policy and march towards it, India has a chaotic …