— Longview Economics (@Lvieweconomics) July 11, 2024
so: $892 billion in risk-free interest income largely going into the pockets to US households, investors & institutions, pension funds, the Fed, the govt itself (“intragovermental debt”), state & local governments + some of our closest foreign allies
Bitcoin had 20% drawdown in a month flat. Pretty nasty. I would have been impressed if 90% of aum hung in there but it was over 100% as they saw inflows. The Boomers hung tough, even tougher than I predicted, and kept the all imp YTD net number at +$15b. Hanging tough during… pic.twitter.com/prG3ByynDT
the Bitcoin ETFs are in “two steps forward” mode after one step back in June with another +$300m yesterday and $1b for week. YTD net total (the most imp number in all this) has crossed +$16b for first time. Our est for first 12mo was $12-15b so already cleared that w 6mo to go. pic.twitter.com/0V7wE9D5OU
CIO Chart of the Week: As consumers gear up for Prime Day, we are reminded of the increasing efficiency and accessibility with which goods are delivered today. In the last 5 years, the average retailer has cut its “click-to-door” speed by nearly 3 days! Amazingly, Amazon has… pic.twitter.com/oiTElQk8RR
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