It is quite funny that so much of the wealth created by the world's most technologically advanced companies ultimately flows into the pockets of Boomer Californians who happen to own Victorian and pre-war era housing stock
338 homes (including single family homes, apartment units, & plexes, but not ADUs) were permitted in the City of Los Angeles in January 2025
To meet our state housing goals, we're supposed to be permitting ~7,000 homes a month
In case you're wondering how far behind the USA is on infrastructure, France is building 120 miles of automated subway lines with 65 stations for $45 billion in 17 years.
🚨A potential civil war in Venezuela? 🚨
President Maduro: "The fate of Venezuela in the 21st century depends on our victory on the 28th of July. If you don't want Venezuela to fall into a bloodbath... let's guarantee the greatest success in the history of our people."
8/ Will Malaysia become the lynchpin for next-gen industries or just one of many options for multinational companies to set up shop?
Dive in deeper by watching my latest video essay on the topic: youtube.com/watch?v=zH5Wptvp…
Sources:
[1]: imf.org/external/datamapper/…
How is the world preparing for a Trump victory? Check out our analysis on how his return to the Whitehouse will impact the globe geopolitically youtube.com/watch?v=wEX2MMyK…
The second biggest contributor to Ukraine is set to halve its military aid, meanwhile, a potential #Trump victory could see even larger aid cuts from the US.
What do you predict about the future of the #UkraineRussiaWar?
Chart: ifw-kiel.de/topics/war-again…
Germany will halve military aid for Ukraine next year, even with the possibility that Republican candidate Donald Trump could return to the White House and curb support for Kyiv reut.rs/3xS7Kye
🚨Podcast Alert🚨
The #EU is upending the way it finances and sells arms. In effect, creating a military-industrial complex all but in name.
Patreon members can listen to this exclusive podcast and more to come!
patreon.com/posts/europe-to-…
Despite all the unresolved structural issues we face in Europe, I still prefer living here than in the US. But prefer to have my investments in the US.
BlackRock, $BLK, CEO Larry Fink: "Today the G7 average debt-to-GDP is 129%. No matter how much we tax, how much we cut or reduce that debt, it will not be enough... This is why building new infrastructure is critical, especially through public-private partnerships."
🚨Truflation US Inflation Update for May 2024
Over the last couple of months, US inflation has been holding relatively stable, while consumer spending has weakened. The data suggests that the elevated pace of price increases could last longer than expected, but it appears more likely that tepid consumer spending will keep a lid on inflation in the months ahead.
Restraining demand continues to be the key target for policymakers as they strive to gently drive inflation back down to its 2% target without tipping the economy into a recession – a delicate balance. The year-over-year (YoY) inflation, as reported by the BLS, rose to 3.2% in February and again to 3.5% in March before holding relatively steady at 3.4% in April.
Meanwhile, some key economic indicators are pointing to an economic softening. For example, business activity in the US manufacturing sector contracted at an accelerated pace in May, with the ISM Manufacturing PMI dropping to 48.7 from 49.2 in April, compared to a projected rise to 49.6. In general, readings below 50 indicate a contraction.
More: truflation.com/blog/public-p…
🚨 TRUFLATION LIVESTREAM AMA
CEO Stefan Rust answers all comers tomorrow, 13 June at 12pm EST, LIVE on X and YouTube:
X: x.com/truflation
YouTube: youtube.com/@truflation