🇮🇱🇵🇸🇺🇸
ISRAEL-GAZA-USA: DAY 199

RHETORIC vs. REALITY

Biden’s Israeli Rhetoric = BARK
Biden’s Israeli Reality = NO BITE

#ARGWatch 🇦🇷: ARG's money supply (M3) is EXPLODING at ~152/yr, over 14x Hanke's Golden Growth rate, a rate consistent with hitting the BCRA's 5%/yr inflation target.

Javier Milei has been unable to control the money supply and ARG’s raging inflation.

#ZIMWatch 🇿🇼: In Hanke’s 2023 Annual Misery Index, Zimbabwe checks in as the MOST MISERABLE country in Sub-Saharan Africa.

SOARING INFLATION = ECONOMIC MISERY.

Forget the ZiG, it’s going to ZAG.

As I told Todd Sachs on Sachs Realty, Bitcoin should be sold with a warning label — HIGHLY SPECULATIVE ASSET with a FUNDAMENTAL VALUE OF ZERO.
youtube.com/watch?v=FPsbDj…

'There are no secrets that time does not reveal.' – Jean Racine

#INDWatch 🇮🇳 & #PAKWatch 🇵🇰: 

IND's 2023 real GDP growth = 7.8%

PAK's 2023 real GDP growth = -0.2%

INDIA = BOOM

PAK = BUST.

#TurkeyWatch 🇹🇷: Today, Turkey’s money supply (M3) continues to surge at ~65%/yr.

As night follows day, today, I measure Turkey's inflation at a PUNISHING 74%/yr.

#PAKWatch 🇵🇰:
In the 1990s, India adopted SUPPLY-SIDE economics. Since then, India has “never looked back to the IMF” & has averaged 8% GDP growth over the last 20 years.

Meanwhile, Pakistan is BURIED in debt & is now seeking its 24th IMF BAILOUT.

INDIA = BOOM

PAK = BUST.

#PAKWatch 🇵🇰: In Hanke’s 2023 Annual Misery Index, Pakistan ranks as the MOST MISERABLE country in South Asia.

PAK = THIRD WORLD.

Data from Robin Brooks continue to demonstrate findings contained in the scholarly literature on sanctions:

SANCTIONS
= A MILLION WORKAROUNDS
= USUALLY FAIL.
twitter.com/robin_j_brooks…

Southern China is facing severe floods after heavy rain, prompting the evacuation of over 100,000 people.

Further confirmation of Hanke's School Boy's Theory of History: It's just one damn thing after another.

#ARGWatch 🇦🇷: With inflation SURGING at 276%/yr, Argentina is ranked as the MOST MISERABLE COUNTRY IN THE WORLD on Hanke's 2023 Misery Index.

Pres. Javier Milei promised to kill inflation by dollarizing. But he has FAILED to deliver on his promise.

MILEI

= ALL TALK

= NO ACTION.

#TurkeyWatch 🇹🇷: TUR registers the WORLD'S 7TH HIGHEST INFLATION RATE on the #HankeInflationDashboard .

That’s because TUR’s money supply (M3) is SURGING at ~65%/yr.

Until CBRT Gov. Fatih Karahan controls the money supply, inflation in TUR will continue to SOAR.

🇮🇱🇵🇸🇺🇸
ISRAEL-GAZA-USA: DAY 198

RHETORIC vs. REALITY

Biden’s Israeli Rhetoric = BARK
Biden’s Israeli Reality = NO BITE

In New Delhi, India, a massive fire broke out at the Ghazipur landfill, spewing toxic fumes into the air.  

Just more confirmation of Hanke's School Boy's Theory of History: It's just one damn thing after another.

#ARGWatch 🇦🇷: It’s time for Pres. Milei to stop clowning around and follow through on his campaign promise to DOLLARIZE and kill inflation in Argentina.

#ZIMWatch 🇿🇼: Reserve Bank of Zimbabwe Gov. Mushayavanhu says the RBZ will intervene if the ZiG gets too strong.

The Gov. must be joking. The ZiG has already depreciated by 22% against the USD since April 8th.

ZiG = ZAG.

BIDENOMICS = ECONOMIC PAIN = HOMEBUYER'S NIGHTMARE.

According to a 2024 study by Creditnews Research, middle-class families can afford homes in only 52% of US metro areas. That’s down from 91% in 2019.

zerohedge.com/markets/middle…