May 15, 2024

US debt servicing costs currently make up 12% of government spending, via Apollo's Torsten Slok. That could go up substantially if rates stay high and spending habits continue as they are. pic.twitter.com/uyAzYZ9uCJ

— Lisa Abramowicz (@lisaabramowicz1) May 13, 2024

The low-income consumer:$MDLZ CEO: "Lower-income consumers feel pressured"$HSY CEO: "..a lot of [value-seeking behavior] is coming from lower-income consumers"
Nestle CEO: "Many lower-income consumers saw a significant hit to their purchasing power"https://t.co/ptXqnIPvGt pic.twitter.com/JNn9hcGB3q

— The Transcript (@TheTranscript_) May 11, 2024

Since mid-1970s, all national recessions involve California. Or put it another way, the conditional probability of the national unemployment rate spiking given what California looks like right now is quite high. pic.twitter.com/T5W4f160W5

— Anna Wong (@AnnaEconomist) May 13, 2024

Even though @Citi U.S. Economic Surprise Index (white) has fallen into negative territory, GDP estimates (per @business consensus) for the coming quarters have been moving higher … consensus up to +1.7% (q/q) for 2Q2024 (blue) pic.twitter.com/2Ctmr9yr8h

— Kevin Gordon (@KevRGordon) May 6, 2024

Financial conditions and lending markets remain tight.

IMO this is a much better measure of how “tight” financial conditions are when compared to something like the Financial Conditions Index (which contains too many coincident measures like the VIX, etc). https://t.co/75ECQXQWpC

— Cullen Roche (@cullenroche) May 6, 2024

Net % of banks reporting willingness to make consumer loans still in negative territory, but there’s been quite a swing (closer towards zero bound) lately per April SLOOS update pic.twitter.com/1Vk2QSBQ88

— Liz Ann Sonders (@LizAnnSonders) May 7, 2024

High yield spreads tighten to the lowest levels since early 2022. HY has outperformed most other bond investments year to date. Yields are attractive, but from these spread levels, it's going to be hard to continue outperforming. pic.twitter.com/MZnpaP987E

— Kathy Jones (@KathyJones) May 7, 2024

Great chart from Bloomberg Intelligence. pic.twitter.com/saStaDUFEe

— Kathy Jones (@KathyJones) May 6, 2024

Introducing GPT-4o, our new model which can reason across text, audio, and video in real time.

It's extremely versatile, fun to play with, and is a step towards a much more natural form of human-computer interaction (and even human-computer-computer interaction): pic.twitter.com/VLG7TJ1JQx

— Greg Brockman (@gdb) May 13, 2024

Just unreal.

Chart from @WSJ shows @UN's estimate of live births per woman … U.S. long ago fell below global replacement rate (about 2.2), and my mother's native South Korea has reached the once-unthinkable, which is a rate of 0.72 pic.twitter.com/whEuarj5QX

— Kevin Gordon (@KevRGordon) May 13, 2024

The #Biden administration spikes (ANTI-)#China #tariffs
EV tariffs will balloon to 100%, meaning the average Chinese EV, which costs roughly USD 30K, will now be as 'expensive' as US EVs, which cost approximately 60K.
With politicians myopically focused on #climate, how, if at… pic.twitter.com/r02UOzYv3E

— jeroen blokland (@jsblokland) May 14, 2024

New: Superpowers led by the US & EU have funneled nearly $81b — of almost $380b planned — toward the race for chip supremacy, escalating a global showdown with China

Here's a gift link to today's Big Take: https://t.co/21uM65tnPY pic.twitter.com/N98rzQ3nnn

— Mackenzie Hawkins (@mackhawk) May 13, 2024

Manufacturing construction spending up more than 100% since December 2020, with hi-tech a large reason, up more than 1,000%. pic.twitter.com/nFxWRIGsiB

— Ryan Detrick, CMT (@RyanDetrick) May 5, 2024

Exclusive breaking news: The Biden administration has revoked export licences that allow Intel and Qualcomm to supply Huawei with semiconductors as Washington increases the pressure on the Chinese telecoms equipment company https://t.co/8Un2ZYpouO

— Financial Times (@FT) May 7, 2024

China imported more than a billion dollars of goods from the Netherlands last month, an increase that came despite the recent imposition of controls on the sale of equipment to produce semiconductors. https://t.co/KJHS2J3MuE

— Bloomberg Economics (@economics) May 9, 2024

US to Triple Chipmaking Capacity by 2032, according to SIA https://t.co/ZDximpYfdB via @technology pic.twitter.com/AKIm7hkgBt

— Martijn Rasser (@MartijnRasser) May 8, 2024

Google's 70-qubit quantum computer pic.twitter.com/uGsoZlcnhI

— Markets & Mayhem (@Mayhem4Markets) May 5, 2024

FT: “.. Can Europe’s economy ever hope to rival the US again?” 🇺🇸 @FT @SteveRattner https://t.co/fBNb2nQdWY pic.twitter.com/ZRMMvYR1ko

— Carl Quintanilla (@carlquintanilla) May 13, 2024

The power industry is quickly becoming one big AI play.

The number of times "data centers" has been mentioned on the most recent batch of earnings calls for US energy companies has soared.https://t.co/jHjr5xr3yU pic.twitter.com/qEVVSrerWG

— Tracy Alloway (@tracyalloway) May 8, 2024

Marc Andreesen on why building companies will become more expensive in the AI Era.

There's a notion that AI will help cut down costs and increase efficiency. However, Marc presented a strong counterargument by referencing Jevon's paradox.

Jevon's paradox:

The Jevon's paradox… pic.twitter.com/vz091Kz55z

— Aish (@aish_caliperce) May 12, 2024

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