Roasted PeerDuck ☠☠☠☠☠

YEAH! We've never had it so good: Global equities now worth $118.6 TRILLION, the highest value ever in history. Equals to ~140% of world GDP. Gained another $2.8tn in mkt cap this week, demonstrating continued resilience of post-pandemic equity mkts, driven by CenBank liquidity.

In case you missed it: US Auto debt has climbed to record high of $1.42tn due to increased prices for used cars. A huge share of total loan originations were attributed to sub-prime consumers.

YEAH! We've never had it so good: Global equities now worth $118.3 TRILLION, highest value ever in history. Equals to ~140% of world GDP.

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Good morning from #Germany, where more and more banks charging penalty interest rates on checking accounts from their customers. More than 500 banks now have passed on negative #ECB rates to their clients. So investors have toxic mix of negative interest rates and high inflation.

Good Morning from #Germany where retail deposits have hit an ATH at €2.63tn in Jun although more & more banks charging penalty interest on deposits & although inflation reduces value of money. In July, inflation rose to 3.8%. Means loss of purchasing power of deposits of €100bn

OUCH! #Robinhood has worst debut ever for IPO of its size. Shares in broker behind meme-stock revolution fell 8.4% below IPO price in first trading session. That’s the worst debut on record among 51 US firms that raised as much cash as Robinhood or more. finance.yahoo.com/news/robin…