Circular financing update
Source: JPMorgan
https://x.com/zerohedge/status/2087860996933091765
global economic circle jerk
Top Overnight News
SpaceX has surged 35% after its first lockup expired, adding about $500 billion in market value. BBG
Prices for Japan’s corporate goods continued to rise at an elevated pace in July, keeping high cost pressure on companies, as central bank officials continue to consider whether to proceed with additional interest rate hikes to contain inflation. BBG
Anthropic investors expect the AI start-up to float at a valuation of $2tn or more in October, a figure that would eclipse SpaceX and make the AI lab’s debut the largest ever initial public offering. FT
Japan’s government supports a near-term BOJ rate hike, probably in September or October, people familiar said. Traders took note, raising the odds of a 25-basis-point move next month to about 75% and briefly lifting the yen. BBG
The US is set to sell $25 billion of 30-year bonds at the highest borrowing cost since 2001. Lofty financing costs are feeding through to the broader economy, adding to pressure on Donald Trump ahead of the midterms.
South Korean retail investors must now complete a week-long course before they can start trading in single-stock funds, as regulators tighten restrictions on products blamed for exacerbating wild swings in one of the world’s most volatile stock markets. FT
Global food supplies come under threat as Russia ramps attacks on Ukraine ports and ships in the Black Sea. RTRS
The UK economy unexpectedly expanded 0.3% in June boosted by sunny weather and World Cup football. Over the whole of the second quarter, it grew 0.4%. BBG
Colombia’s government asked the US to join its fight against drug gangs, authorizing joint military operations against so-called “narco-terrorism,” Pete Hegseth said. BBG
The Mexican government is pushing the U.S. to lower tariffs on North American automobiles as part of conversations over reworking the U.S.-Mexico-Canada Agreement, according to people familiar with the matter. The move is a counterproposal to the Trump administration after its push to require more American-made parts in vehicles. WSJ
US President Trump signed a memorandum authorizing US law enforcement to use cyber tools to target criminal organizations operating in foreign jurisdictions, according to The White House.
The US race to compete with China on lithium runs into water battles, with Trump-backed plans to build production of critical elements undercut by community resistance: FT.
BofA Total Card Spending (w/e Aug 8th) +6.2% Y/Y (prev. 4.7%); the rebound in spending over the past 3 weeks is consistent that the mid-July slump was a blip
https://x.com/zerohedge/status/2087868037231689735
NOW: The WNBA is PANICKING, they just held their meeting about how to define "woman" and walked out with NO DEFINITION
You gotta be kidding 🤡
Former NBA players Enes Freedom and Royce White are full steam ahead to the draft 🤣
WNBA: "There are no immediate eligibility matters affecting the WNBA and we strongly denounce the bad faith efforts to use these topics to demean or marginalize others."
Utter clowns! The WNBA is cooked!
https://x.com/EricLDaugh/status/2087869623534252532
whoever designs the post cover pages deserves a raise kek
grenade hoppers are selfless creatures
Could be the worst thing I’ve ever seen in my life
https://x.com/_Apollosol/status/2087689369620480031
The July 2026 US govt budget data is out.
We are at $40 trillion in national debt, growing at about $2.1 trillion per year.
They had to borrow $432 billion in new debt just for July.
24% of all revenue went to paying interest on the debt. In reality it is 42% of all corporate and income taxes going to interest payments on the debt. The FICA taxes automatically go to paying for Social Security and Medicare, so that money is not used at all for interest payments on the debt.
https://x.com/WallStreetMav/status/2087622803575148823
>We’re in the Middle of a Trans Genocide
is there any other website/data on planet earth that shows the clawback besides https://usdebtclock.org/ ????
West Hardford, CT School board member LaToya Yagaloff says black teachers should get paid more because it’s hard to be black
https://x.com/libsoftiktok/status/2087696180159410334
spoiled little faggot with time and money at his disposal…..plus that douche has certainly never had his ass stomped
imho
Bro, this Tucker Carlson crash out is crazy 😭
https://x.com/Kaizerrev/status/2087697329113440612
@grok when was this filmed and what’s the context?
This is from Tucker Carlson's live episode on August 12, 2026, titled "The Inflation Crisis and the Psychopaths Lying About It."
He's delivering an intense monologue reacting to comments (attributed to Ben Shapiro) that dismiss Americans' struggles with high prices and inflation, framing elite responses as telling people to shut up and accept overpriced basics.
https://x.com/grok/status/2087719006375489855
Former House Speaker Nancy Pelosi claims she did not know about former President Biden's cognitive decline while he was in office:
"I didn't know, but I do think that those who did know should have acted upon that information."
https://x.com/FoxNews/status/2087884564064518226
iran says they control it….blah blah thursday