To The Moon

Vietnam’s durian growing area has been expanding on average 24.5% annually since 2010 to 131,000 hectares now, the fastest among its key crops, leaving authorities concerned about oversupply. Vietnam earned US$1.1 billion from durian exports during the first seven months of the year. This means dragon fruit is no longer the country's leading fruit export item.

Oil drops below $80 as demand doubt deepens. Global oil prices slid below $80 per barrel for the first time since January on Tuesday, extending a downward trend as growing concerns about global demand offset any bullish effects from an EU-led price cap on Russian oil sales. Brent crude futures settled down 4.03%, to $79.35 a barrel, their lowest since Jan. 4. West Texas Intermediate crude (WTI) fell 3.48%, to $74.26 after hitting its lowest level this year. “In this market, the sentiment is more negative,” said Eli Tesfaye, senior market strategist at RJO Futures. “We could be looking at $60-a-barrel WTI the way that things are going. I think $80s are going to be the new high, and I would be very surprised to see any higher than that.” Service-sector activity in China has hit a six-month l

Tech layoffs are not a bellwether for broader cuts in other industries, Morgan Stanley analysts say. Despite large-scale tech layoffs, the broader labor pool is not in true danger yet, given that staffing levels remained below pre-pandemic levels for some time, a Morgan Stanley research note said. Even with a growth slowdown, the number of tech layoffs is minute compared with the larger employment pool, the research report stated. Executives should expect further attention on operating expenses and hiring levels from investors in the coming quarters, analysts said, and should be scrupulous about expenses. The analysts said the large market cap of tech firms and “idiosyncratic” hiring in tech relative to the rest of the labor market have resulted in tech layoffs having an outsized impact on

‘Stocks and bonds are toast’: Robert Kiyosaki warns central banks can’t fix inflation and that ‘fake’ money is forcing state pensions to pivot.  Bank of England recently bought £19.3 billion of U.K. government bonds to prevent a collapse in the country’s pension industry. In the eyes of Rich Dad, Poor Dad author Robert Kiyosaki, that’s a sign to acquire three specific alternative assets. “Bank of England pivot means buy more GSBC,” he says in a recent tweet, referring to gold, silver and bitcoin. “When pensions nearly collapsed it exposed Central Banks cannot fix … INFLATION. Pension have always invested in G&S. Pension funds now investing in Bitcoin. They know Fake $, stocks & bonds are toast.”  “I’m not buying gold because I like gold, I’m buying gold because I don’t tr