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Writer's pictureStéphan

#Purdue still ongoing ! / U.S : Dems time to change leader / VdL 2nd term / U.S PCE + 1st round French election next



  • Early debate was a huge gamble Biden may regret >>> Biden and Trump were both asked about how they would handle the office of the presidency given concerns about their ages. The pair instead decided to argue about golf >>> good news is the debate happened now, well before Dems convention in Sep, so they have time to replace Joe

  • French Political Leaders Clash Over Ukraine Policy in Heated-Televised Debate

  • MIT professor Daron Acemoglu offers an opposing view to the idea that AI will greatly boost productivity over the next 10 years, as many, including Goldman Sachs, believe.  Use cases for AI over the next 10 years will be concentrated in automating certain tasks or helping workers become more efficient; truly transformative changes resulting from AI will need more time to be realized

  • Is the revival of Paris in peril? The French election threatens a remarkable commercial renaissance

  • Former BOE MPC member Saunders sees cut in August and cash rate to 3.5% at end-2025

  • Goldman Sachs just reported that hedge funds are aggressively offloading tech stocks at a rapid rate we haven't seen in years - odd, must follow this in July

  • Goldman Sachs fared the worst of America's Biggest Banks during the Federal Reserve's Annual Stress Test

  • IMF on US review : “high deficits and debt create a growing risk to the US and global economy… needs to be urgently addressed”

 









Astonishing that this is still ongoing !!! #dopestick is a great serie on this


Buying asset with leverage/debt, and cash flows diminishing, never a good cocktail





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