What If Fed Rate Hikes Are Actually Sparking US Economic Boom? bloomberg.com/news/articles/…

Nvidia claims another milestone by overtaking Saudi Aramco in market value bloomberg.com/news/articles/… via Bloomberg Technology

Third-largest company in the world after adding nearly $900bn in market cap in just over two months of 2024

'As jarring as 5 percent interest may seem, by historical standards it is pretty modest and, believe it or not, represents a healthy adjustment.'
theatlantic.com/ideas/archive/…

Denmark to block its ports against Tesla shipments to Sweden | Electrek electrek.co/2023/12/05/den…

Elon Musk started a price war that Tesla can't win - Autoblog autoblog.com/2023/11/18/elo…

Swedish dockworkers are refusing to unload Teslas at ports in broad boycott move npr.org/2023/11/17/121…

My column today:

The US economy is breaking in plain sight. Only the savings cushion of the richest 20% are keeping it afloat. And if interest rates keep rising nearly every day, even that won’t be enough. bloomberg.com/news/newslette… via Bloomberg

US mortgage rates jumped last week to the highest level since 2000, taking a toll on already depressed home-purchase applications bloomberg.com/news/articles/… via Bloomberg Economics

Sepp Kuss and Jonas Vingegaard instagram.com/reel/CxGReGTut…

I bet Sepp Kuss would have liked to win on his birthday

Yep

Agree completely

The US economy could be in recession by the end of the year. FYI

“Despite seeing the nearest GC threat at four minutes in arrears, Jumbo-Visma refuses to ride to defend Kuss and his leader’s jersey.” - what a disgrace

CC ⁦Jim Bianco⁩ velo.outsideonline.com/road/road-raci…