I've been saying US consumers will need to forget the good ol' days of 2% or less inflation. They're not coming back - at least not in any sustainable fashion. The cost (and sins) of years of QE, binging on debt, and an overextended military have permanently eroded the purchasing power of the almighty US$. It's one key reason #gold $Gold - main 2406(GCmain)$ is doing so well. - Consumers are getting frustrated with stalling inflationSo true. The days of your dollar today buying the same goods next year and the year after... is OVER. Time to join the rest of the world in a more realistic expectation of inflation. And that's going to have a significant impact on the way people spend and invest their money going forward.
SE $Sea Ltd(SE)$ 4Q23 results beat on rev and EPS. Nothing that exciting from the company. But no nasty surprises either. Shopee getting entrenched throughout Southeast Asia, Sea Money turning profitable & expanding, plus Garena halting the slide in its overall metrics. Cash position back up to $8bn.https://twitter.com/BrianTycangco/status/1764686487876964853
The impact of low season + CNY holiday is far more emphasized this year than in previous years especially given the record-breaking sales in 4Q23 for NEVs in China. Price cuts are taking place throughout the industry in a move to revive sales and keep buyers active during the lean months. March should see a recovery on a MoM basis. Needs 720k per month on average for the rest of the year to equal sales in 2023. $BYD Co., Ltd.(BYDDF)$$BYD COMPANY(01211)$$NIO Inc.(NIO)$$NIO Inc.(NIO.SI)$$NIO-SW(09866)$$XPeng Inc.(XPEV)$
AAPL decision to scuttle EV ambitions is the right move
$Apple(AAPL)$ decision to scuttle EV ambitions is the right move.Tim Cook has been to China many times and knows the kind of competition his company will face apart from $Tesla Motors(TSLA)$ .He also knows the industry can go through price wars even Tesla is not immune to. Apple doesn’t do price wars. He probably also knows that if you aren’t capable or don’t have a plan to beat Tesla, there’s no point wasting billions trying. The money is better spent on products within Apple’s core competence. I’m just not sure they’re there yet with Vision Pro.https://twitter.com/BrianTycangco/status/1762874257351254027