1. Reuters: Iran has launched two satellites,#Kowsarand #Hodhod, to Russia, expanding cooperation between the two countries in space amid US concerns

2. Breaking news: IDF attacks Beitlong, northern Lebanon. The village of Deirbila in Beitlong, northern Lebanon, was hit by airstrikes, about 70 miles from the Israeli border, while Israel continues its military offensive against Gaza.

3. Investors have never been so optimistic #美股 Data shows that investors' allocation to stocks has reached 61%, which is the highest level in 40 years

4. Daqing's retail sales increased by 2.1% year-on-year (Figure 1)

5. According to the Daqing survey data in August 2024, the unemployment rate was 5.3%, lower than market expectations and 5.2% in July. This was the highest level since February, reflecting the impact of the graduation season. The unemployment rate for local residents was 5.4%, the unemployment rate for non-local residents was 4.9%, the unemployment rate for non-local agricultural residents was 4.6%, and the unemployment rate in 31 large cities was 5.4%. The average working week for corporate employees was 48.7 hours (Figure 2)

6. The U.S. government pays more than $3 billion in debt interest every day, which is twice the amount paid two years ago. In the second quarter of 2024, the annual interest rate of the U.S. interest cost reached $1.1 trillion, a record high (Figure 3)

7. Another scary data: Since 1971, the US dollar has depreciated by 98.5% relative to gold. In other words, the US dollar has depreciated by 98.5% relative to gold in 53 years, while the euro and the yen have fallen by 98.3% and 96.7% respectively, and the Swiss franc has fallen by 93.4%.

If you bought Bitcoin at $0.01 in early 2010, it has risen by about 7 million times to date.

8. American economists are bearish on the Qing Dynasty's economy: they are very disappointed with the Qing Dynasty because it has not taken any concrete actions, is vague about the numbers, and has not made any clear commitments, including time or scope.

9. Interesting fact: According to Polymarket data, supporters of #特朗普 want the stock market to continue to rise, while supporters of#Harriswant stock prices to fall during the election

10. Some opinions from MicroStrategy $MSTR: The NAV multiple may be overestimated, and short positions are squeezed, so the multiple goes higher. However, in a bull market, the multiple should be higher than 1, and the higher the multiple, the higher the potential Bitcoin yield. The accumulated chips of Bitcoin $BTC big players are unprecedented (Figure 4)