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Global stocks have lost $330bn in mkt cap this week as hot US inflation data & hawkish CenBank rhetoric cooled down animal spirit. US CPI & PPI data came in hotter than exp but did not seem to derail goldilocks narrative. Stocks still worth $103.2tn, equal to 107% of global GDP.
Most people work with what they don't like to buy things they don't need and show it to people who don't matter. Tyler Durden
OOPS! German gas giant Uniper is in talks with the govt over a potential bailout package of as much as €9bn, BBG reports. Uniper, which is one of biggest importers of Russian gas, said last week it was in talks w/govt to secure liquidity. Shares sank 28% bloomberg.com/news/articles/…
Things China banned Google in 2010 YouTube in 2009 facebook in 2008 #btc in 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021
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