<Part 4 of 5> news and my thoughts from past week (15Sep25) - France downgrade, Wealth & Tariffas
News and my thoughts from the past week (15Sep25)
Reporter: “Goldman Sachs says 86% of the tariffs have been paid by American businesses & consumers.” - X user Unusual Whales
A panoramic view of Paris with the Eiffel Tower and other landmarks visible in the skyline. The French flag is prominently displayed in the foreground, waving above a street with buildings and rooftops. Text overlays include "Fitch downgrades crisis-strained France" and date information.
A line chart showing the distribution of US household wealth from 1989 to 2024. Colored bands represent wealth percentages for different income groups: bottom 50% in blue, 50-90% in yellow, 90-99% in red, 99-99.9% in brown, and top 0.1% in purple. The chart indicates a significant increase in wealth concentration, with the bottom 50% holding 2.5% of total US wealth. A red arrow and text box highlight the bottom 50% data point. Bloomberg watermark is present.
The bottom 50% of US households now hold just 2.5% of total US wealth. History says rate cuts with stocks at record highs will lead to even more record highs 12 months from now. Asset owners will party and the wealth gap will widen. Especially as Core CPI inflation is back above 3%. - The Kobeissi Letter
"I haven't been to DC since May. The government is basically unfixable. I applaud David (Sacks') noble efforts...but at the end of the day if you look at our national debt...if AI and robots don't solve our national debt, we're toast." - Elon Musk
President Trump threatens 100% tariffs on China by the entirety of NATO countries if they continue to buy Russian oil. - BRICS News
Nearly 70% of Americans now believe the American dream doesn't hold true or never did, the highest in 15 years of polling on this topic, per WSJ
Margin calls on the Steepening Carry Trade will go parabolic! Because of Long-Dated Bonds’ Convexity. Even if played ISO-duration, the Long 2y UST Note & Short 30y UST - X user Bearry Marshmallow
$13B revenue expected for OpenAI in 2025, and spoke about a contract with Oracle for $300B. It is possible, just really difficult.
US holiday sales set for slowest growth since pandemic, Deloitte report forecasts
The stock market is not the economy. The S&P 500 is not the USA economy. They are some of the top 500 US companies with international business.
Intl postal volumes to the US are down 81%. This is going to have a big earnings drag on international airline revenues, as a significant portion of belly cargo is dedicated to parcels. - X user Craig Fuller
The container shipping industry posted a net income of $4.4 billion for the second quarter of 2025, marking a significant 56% sequential decline from the $9.9 billion earned in Q1, according to maritime financial analyst John McCown. The figure also represents a steep 63.7% year-over-year drop from the $12 billion profit recorded in Q2 2024. - G Captain
People invest to improve their wealth. Expectations need to be managed with market risks, geopolitical, and political divide, with an understanding of macro fundamentals and business sentiments. Consider some hedging, especially with the devaluation of the USD.
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- dong123·09-15TOPMight be wise to hedge now, considering the shifting dynamics.1Report