1. The commander of the Ukrainian drone force revealed the existence of a laser weapon, which is capable of shooting down aircraft over 2 kilometers away. This marks a major leap in Ukrainian air defense technology. Of course, Western countries such as the United Kingdom are also developing similar systems.
2. It has been a long time since I last talked about the Qing Dynasty. The Qing Dynasty's goal is to maintain the highest budget deficit in decades to stimulate growth, and the government's goal is to grow 5% year-on-year, but the details of the stimulus measures are still few, and the market is once again questioning the government's determination (Figure 1)
3. China's 10-year bond yield fell to 1.7%, the lowest level on record, and retail sales in November were disappointing. Two internal sources said that more stimulus measures will be funded by issuing off-budget special bonds.
4. The proportion of USD used in global payments is 49.1%, the highest level in 12 years
Countries like India, Turkey, and Poland are stockpiling gold (gold #GOLD as a long-term store of value and a hedge against inflation)
In contrast, countries like Singapore, Thailand, and the Philippines are selling gold, actually more for balancing their foreign exchange reserves or adjusting their investment portfolios to respond to market changes. Could it be that they are selling gold to buy Bitcoin?
- Data as of October 31, 2024 (Figure 2)
5. The bursting of a real estate bubble in a certain country has raised concerns about a deflationary spiral similar to Japan's and worries about population decline, but unlike Japan, China does not have a comparable level of welfare protection and its pension system is also inadequate
If the U.S. initiates another trade war against China, it could lead to the largest humanitarian disaster in human history. Economist Gao Shanwen believes that the two rounds of lockdowns in 2022 caused a sharp increase in unemployment, and currently, 47 million workers in China are unable to find jobs (Figure 3)
6. The enthusiasm of U.S. stock market fund managers for stocks has reached its limit, cash allocation is continuously decreasing, it seems global funds are FOMOing into U.S. stocks
7. With $BTC #BTC☀️ breaking $100,000, $ETH seems ready for the next market phase, #ETH🔥🔥🔥🔥🔥🔥 the structure currently looks bullish and the timing for a breakout has matured, will the $4000 glass ceiling be broken?
8. Friends, let's see, what stage is cryptocurrency investment in now, is it in the first stage or the third stage? You can express your views in the comments (Figure 4)
Attached image: Ethereum on-chain data chart
a. Active addresses
b. Supply volume
c. Long-term holders and short-term holders
d. MVRV ratio
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