Unrealized losses for the US bank industry are about $600 billon by Q2 2023
Unrealized gain or losses are the changes, either up or down, on the securities an entity has purchased but not yet sold. In this report (Chart 6), the Federal Deposit Insurance Corporation (FDIC) announced that the bank industry’s holding of long-term loan and securities have declined in 38.3%, what translate in about $560 billion in […]
Only seven companies together outperform S&P 500 by 34%
According Goldman Sachs, META, Amazon, Apple, Microsoft, Google, Tesla and Nvidia outperform S&P 500 by 34%, meanwhile the remaining 493 companies has growth just 1% in YTD 2023. So, the growth of 10% in S&P 500 is almost 100% on the shoulder of these Mega-cap stocks. Very interesting picture to define the economy. Source: Goldman […]
China Conducts First LNG Purchase In RMB Yuan With United Arab Emirates
For first time in the history, Far East has conducted a product oil transaction in Yuan. This news should elevate alerts for the people whose incomes are in US dollars. Since 1945 Saudi Arabia and USA agreed to use the PETRODOLLAR as currency for any oil-exporting country. Have an idea of how much value would […]
Elon Musk and others urge AI pause, citing ‘risks to society'”
How much impact will have a short pause in Artificial Intelligence development?The article says: “The concerns come as ChatGPT attracts U.S. lawmakers’ attentionwith questions about its impact on national security and education”. Why do we havethe pay the price of the progress? If the issues are obsolete universities andgovernments, they must adapt to the market […]
