Tesla CEO Elon Musk doubled down on his warnings about U.S. debt, predicting financial doom will be guaranteed without the transformative effects of AI and robotics on the economy. In a lengthy, wide-ranging interview with podcaster Dwarkesh Patel alongside Stripe cofounder and president John Collison on Thursday, the tech billionaire was asked why he pushed for aggressive spending cuts while leading the Department of Government Efficiency if technology will supercharge GDP growth and ease the debt burden. ...

On Thursday, President Donald Trump said he will announce his pick for the U.S. Federal Reserve chair to replace incumbent Jerome Powell after the latter's term ends in May. While nothing is confirmed yet, reports suggest the Trump administration is preparing to nominate Kevin Warsh, who served on the Federal Reserve Board of Governors from 2006 to 2011. Warsh has occasionally praised cryptocurrencies. Yet bitcoin (BTC) plunged late Thursday to near $81,000 lows as his odds spiked on betting sites, with ...

Core Viewpoint - The article discusses the challenges facing the Chinese economy, particularly focusing on deflation as an indicator of economic contraction, and highlights concerns regarding tariffs, trade wars, and near-shoring impacting the economy [1]. Group 1: Economic Indicators - Deflation is identified as a significant sign that the domestic economy in China is contracting [1]. - The article suggests that external factors such as tariffs and trade wars are exacerbating the economic situation [1]. Group 2: Analyst Background - The author has over 35 years of experience in the investment field, having worked as both a sell-side and buy-side analyst, as well as a portfolio manager for debt and equity funds [1]. - The focus is on providing fundamental views and analyses of companies and funds, emphasizing the importance of operating and financial forecasts in driving valuations [1].

Core Viewpoint - The yuan has surpassed the psychological milestone of 7 per dollar for the first time since September 2024, driven by expectations that China's central bank will facilitate gradual currency appreciation to enhance market confidence [1]. Group 1: Currency Performance - The offshore yuan appreciated by as much as 0.2% to 6.9964 per dollar, following the People's Bank of China's strengthening of its daily reference rate to the highest level since September 2024 [1]. - The yuan is on track for its best performance against the dollar in five years, attributed to a decline in the US dollar, capital inflows into China's stock market, and reduced geopolitical tensions [2]. - In onshore trading, the yuan increased by 0.1% to 7.0067 per dollar, with a notable trend of dollar selling observed among major Chinese banks [3]. Group 2: Market Dynamics - The strengthening of the yuan is supported by the weakness of the dollar and seasonal foreign-exchange conversions by exporters, which may enhance the attractiveness of China's capital markets to foreign investors [3]. - Despite the recent gains, analysts suggest that the yuan remains undervalued by approximately 25% relative to economic fundamentals, considering China's persistent deflation [4]. - Predictions indicate that the yuan will likely maintain a strong position within the range of 6.95-7 per dollar in the first half of the upcoming year [5].

Investment Focus - Anthony Pompliano 将发布一封关于通货紧缩、利率、人工智能和机器人技术的投资者信函 [1] - 该信函将于明日在 The Pomp Letter 上发布 [1] Publication Details - 读者可以通过提供的链接注册阅读 The Pomp Letter [1]

I am writing a letter to investors about deflation, interest rates, artificial intelligence and robotics.It will be published tomorrow for anyone who reads The Pomp Letter.You can sign up here: https://t.co/29uk453LoP ...

Bloomberg analysis shows deflation on the ground feels more pronounced than official data show, with prices of everyday goods plunging and the share of loss-making companies at a 25-year high. https://t.co/NGCkRF2lKG ...

RT Saifedean Ammous (@saifedean)After quadrupling the money supply in 2 years, Milei finally comes up with an explanation, and it's textbook inflationist Keynesian nonsense:Without inflation, the 'undermonetized' economy would suffer deflation that would kill economic growth. 🤡Viva La Carry Trade Carajo! ...

BNB Chain Updates - BNB Chain 完成约 144 万枚 BNB 的自动销毁，价值约 12 亿美元 [1] - 持续的通货紧缩支持长期代币经济 [1] Market Performance - 本周 BNB 的表现落后于 SOL（+7.6%）、ETH（+2.9%）和 BTC（+3.7%） [1]

Economic Outlook - The economy is projected to grow as much as 4% [1] - There are signs of deflation in energy, gasoline, agriculture, and commodities [1] Tax Policy Impact - The tax bill aligns with the president's campaign promises, including no tax on tips, overtime, and social security, as well as the deductibility of auto loans for American cars [2] - Working Americans are expected to see substantial tax refunds in the first quarter of the year [3] Income and Affordability - Starting January 1st, working Americans will reset their withholding levels, leading to real income increases [4] - The affordability crisis is being managed, with energy prices decreasing and expectations for a decline in housing prices as a lagging indicator [4] - Anticipation of lower Consumer Price Index (CPI) numbers in the coming months [4]