https://twitter.com/Schuldensuehner/status/1659269567519105054 Global debt grew by $8.3tn to a near-record $305tn in Q123, mainly driven by non-financial corporates & govt sector, IIF has calculated. Global debt is now $45tn higher than its pre-pandemic level & is expected to continue increasing rapidly. Combination of high debt levels &… https://t.co/5rkBe7XQ54 https://t.co/aYeV9fO0yt via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1659274390352142364 To put things into perspective: Financial conditions remain loose – current readings are similar to those at which we entered the year, JPM highlights. https://t.co/RL2MARU70A via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1659290323455995908 OOPS! US Treasury's cash balance falls to $68.3bn, lowest since 2021. https://t.co/5bM8gLcO3a via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1659297714213908503 #Fed Emergency bank loans rise to $96.1bn from $92.4bn prior week amid ongoing banking stress. Loans from the Bank Term Funding Program (BTFP) rose to a fresh record $87bn, while borrowings from Fed’s discount window slightly drop to $9.05bn. https://t.co/2dtQx14L5u via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1659341259209670656 Fed balance sheet keeps shrinking for an 8th week. Total assets drop by $46.3bn to $8.457tn. Balances of the bank lending facilities shuffled around a little bit, as discount window & BTFP borrowing rose $3.7bn while credit extended to FDIC fell $4bn. Treasury holdings fell… https://t.co/myNpu2rr8K https://t.co/Mh3zSwf0wo via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1659451901371400192 Good Morning from #Germany, where producer price inflation keeps falling - a good omen for consumer price #inflation. PPI dropped to 4.1% in April from 6.7% in March, so PPI now 3.1ppts below CPI. https://t.co/FEEdyqhyHR via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1659602577598693380 #Germany's benchmark index Dax ends the week 2.27% higher at a fresh closing high of 16275.38. Year-to-date it is up 2351.79 points or 16.9%. Fun fact: Since it started in late 1987, the Dax has made an annualized return of 8.4% vs 10.6% for the S&P 500. https://t.co/tXqTajbhPo via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1659665215775031303 Bank run in slow motion continues: US bank deposits fell for 3rd week to lowest level in ~2yrs, extending yearlong slide as customers continue seeking higher returns in money-mkt funds. Deposits at commercial banks decreased by $26.4bn to $17.1tn. Drop mostly at large banks.… https://t.co/J9wcjdiqql https://t.co/uumTMSuRAo via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1659842210165039106 Good Morning from #Germany, which – despite record in benchmark index Dax – is in economic decline. One reason is mental attitude of the Germans. In Germany, drive to get rich is low. When people hear the word capitalism, it is not progress, innovation or prosperity that comes to… https://t.co/L2s78Ujncy https://t.co/MmKBCHYc1p via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1660184979228303360 Good Morning from Germany, where benchmark index Dax has hit ATH. But index is doped by dividends. If you take Dax Price Index, which like S&P 500 does not incl dividends, then index trading at 2000 level, so there have been no price gains to be made w/German blue chips in past… https://t.co/WCCV52HbGL https://t.co/UVtqjp6JNg via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1660302100188786690 AI fantasy/hype in one chart: Shows how high expectations are for #Nvidia. The stock is valued at ~29 times sales. Measured against that, no stock in Nasdaq 100 is that expensive. Next Wed, chip manufacturer will present figures & outlook. Then we will see whether expectations… https://t.co/ljwE7Qy1EX https://t.co/cSOfQN22oM via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1660308718561660928 Party like it's 1999! This chart highlights how high the valuations have become. 20 companies, and thus one-fifth of the companies in the Nasdaq 100, are valued at a double-digit price/sales ratio. Nvidia is the most expensive stock, after having gained 114% this year alone. https://t.co/x79SdvLdA2 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1660384765898260481 China govt effectively banned the use of Micron Technology memory chips in critical infrastructure, just one more step in the Washington-Beijing decoupling process. Micron chips are commoditized, so this is a low-risk ban for China. (via @knowledge_vital) https://t.co/rXBIaLVzvL https://t.co/tVoFHFO5sV via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1660386596422660096 To put things into perspective: US Chipmakers are heavily reliant on #China. Companies like Qualcomm, Broadcom and Intel. deliver billions of chips to the country, which puts the components inside electronic products that are shipped all over the world. (via BBG) https://t.co/3gZ9qNKbLW via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1660526303051751424 Good Morning from #Germany, where power prices have fallen further recently, thx to strong winds and lower gas prices. https://t.co/8XINWo0D0l via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1660530804697571328 Japan has its best times since your last walkman w/Nikkei at highest level since 1990. Corporate governance is far better and sustained growth may finally be here, but how high the sun rises this time depends much on the yen. https://t.co/OGkQcNxzOu https://t.co/auDFjQihcV via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1660539698865946625 OOPS! GS #China MAP surprise index fell by the most since the initial Covid outbreak in early 2020. https://t.co/tF2TSPDoeH via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1660585693289103361 Germany business gloom in survey points to ZERO growth for 2023. German comps aren’t seeing any evidence of a pickup taking hold in Europe’s biggest economy, according to a survey conducted by the DIHK business lobby. https://t.co/1nlIzfYIFv https://t.co/Rx1DQm0tpf via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1660599341034139648 This chart shows dramatic shift in sentiment that #Meta has undergone. No one on earth has added more net worth YTD than Mark Zuckerberg at +$44.3bn – that compares to +$40bn for Arnault, +$39bn for Musk, +$33bn for Bezos, +$28bn for Page, +$26bn for Brin. (via @knowledge_vital) https://t.co/sccXy3l9Bw via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1660654399302115333 #Turkey's Far-right 3rd-placed candidate Sinan Ogan throws support behind Erdogan for president in 2nd round. https://t.co/zuhEZahtH9 via @Schuldensuehner