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Trump and Biden play blame game on inflation. Here’s what prices did under their watch.

admin by admin
June 28, 2024
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The biggest surge in inflation in 40 years could end up deciding the 2024 presidential election — and President Joe Biden and former President Donald Trump each sought to outflank each other on the topic in Thursday’s debate.



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Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com

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kobeissiletter The Kobeissi Letter @kobeissiletter ·
20h

China is panicking:

Last week ALONE, China ETFs saw $2 billion of outflows, marking the largest weekly outflow in history.

Despite deploying pandemic-like stimulus, recent data suggests that China's economy is WORSENING.

Is China entering an economic depression?

(a thread)

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kobeissiletter The Kobeissi Letter @kobeissiletter ·
13h

BREAKING: Total US debt has officially hit $36 trillion for the first time in history, according to US government data.

Since the start of this year, total US debt is now up by a whopping $2 TRILLION.

In other words, the US has added an average of $6.3 billion of debt PER DAY… https://x.com/i/web/status/1860074501024989428

Reply on Twitter 1860074501024989428 Retweet on Twitter 1860074501024989428 230 Like on Twitter 1860074501024989428 781 Twitter 1860074501024989428
kobeissiletter The Kobeissi Letter @kobeissiletter ·
13h

BREAKING: Total US debt has officially hit $36 trillion for the first time in history, according to US government data.

Since the start of this year, total US debt is now up by a whopping $2 TRILLION.

In other words, the US has added an average of $6.3 billion of debt PER DAY… https://x.com/i/web/status/1860074501024989428

Reply on Twitter 1860074501024989428 Retweet on Twitter 1860074501024989428 230 Like on Twitter 1860074501024989428 781 Twitter 1860074501024989428
kobeissiletter The Kobeissi Letter @kobeissiletter ·
14h

This is WILD:

Prediction markets are now beginning to price-in a chance of #Bitcoin hitting $150,000 this year.

There is currently a rising 13% chance of Bitcoin hitting $150,000 by December 31st, according to @Kalshi.

Meanwhile, odds of Bitcoin hitting $100,000 this year are… https://x.com/i/web/status/1860059691939717128

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