To The Moon

“Sir, economy like my prata — flip here, burn there, still must serve hot.”

🧠 Global Macro – Muthu Boy View

Yesterday US GDP come out like extra crispy prata: 2.1% growth, better than expected.

Muthu boy say:

“Economy grow lah… but inside still raw onion — consumer spending actually drop. Only AI makan everything.”

Business investment shooting up like order queue at 2am mamak stall — all because of AI chips. But household spending weak. Translation:

Companies eat buffet, people eat kosong prata.

💸 Inflation – The “Spicy Curry Shock”

PCE inflation now:

0.4% MoM (slightly cool)

4.1% YoY (still burning mouth)

Main spice comes from:

Software + computers: +15%

Electronic components: +27%

Muthu boy verdict:

“Not real food inflation lah. This one is like pricing your teh tarik based on gold price. Not everyday item.”

So Fed mindset:

Not panic

No rate hike

Just wait like prata dough resting

NY Fed boss also say inflation will glide down to 2% by 2028.

Muthu boy laugh:

“2028 ah? My prata faster ready than that target.”

🏗️ AI Boom = Hidden Oil Shock

Wall Street Journal say:

AI is America’s third inflation wave

Muthu boy translate:

“First oil shock, second housing, now become GPU shock.”

Even Elon Musk nod nod because his EV also need chips.

But here’s twist:

AI causes inflation

But also kills demand (people spend less elsewhere)

So Fed logic:

“One-time supply shock only. Cannot cure chip shortage by raising interest rate.”

🏢 Data Center Drama – Ghost Story Edition

US now got 300+ cities blocking data centers

2026 alone: 275 new bans

Reasons:

Electricity no enough

Water shortage

Environment takut

Muthu boy:

“They want cloud computing, but don’t want cloud consume electricity. Like want free prata but don’t want flour used.”

But some places benefit big:

Louisiana Meta data center → tax up → teachers bonus $50,000

So balance is simple:

Hungry town → want jobs

Rich town → want environment

Singapore's government has become wealthier, yet many citizens feel they're the ones footing the bill—through higher taxes, rising fees, more new arrivals, fewer job opportunities, and an ever-increasing cost of living. Citizens foot the bill for green environment. 

Many understand that the government says it will continue to monitor the situation and provide support when needed. 

🌏 Asia Market – Circuit Breaker Buffet

Korea kena heavy:

KOSPI: -5.8% (almost 9% intraday crash)

Foreigners sell: $3.2B in one day

Year total outflow: $95B

Retail buying dip like “buy 1 free emotional damage”

Samsung + SK Hynix: -8% to -10%

Muthu boy:

“Foreign sell like closing stall. Retail still shouting ‘uncle I take more dip!’”

Japan:

Nikkei down 4.2%

CPI 1.7%

BOJ hint rate hike

Muthu:

“Japan slowly wake up from long nap. Maybe next time price increase also wake up.”

Taiwan / TSMC:

TSMC say:

Global chips market → $1T this year

Could hit $1.5T by 2030

AI demand up 11x

Muthu boy:

“This one not prata demand… this is whole flour factory on fire.”

🍎 US Tech – Apple vs Micron Curry Fight

Apple increased prices:

+$50 to $300 across devices

blaming memory costs

Micron reply:

“You squeeze us too hard before now act surprised?”

Muthu boy:

“This one like supplier fight over onion price. Customer end up cry.”

Phones down 14%, PCs down 11.3%.

Conclusion:

“Consumer electronics now become collateral damage of AI war.”

🚀 OpenAI – IPO Drama

IPO possibly delayed to 2027

Target valuation: $1T

Bankers say maybe earlier IPO but lower price

GPT-5.6 blocked by US policy approvals

Muthu boy:

“Even AI also must queue for approval. Not only prata stall got license issue.”

🇨🇳 China Markets

A-shares + HK down sharply

Cathie Wood sold Alibaba

EV exports blocked in US

Rumor: US may allow Chinese memory chips to fight inflation

Muthu boy:

“Politics like prata toppings — today can, tomorrow cannot, depends on chef mood.”

🧾 Muthu Boy Final Verdict

“World economy now like my stall at peak hour:

AI = special egg prata (everyone fight)

Inflation = chili sauce too much

Central bank = watching from corner

Retail investors = still hungry

But remember ah…

when flour price go up, everything become expensive — but people still must eat.”

🥞 End of Market Report – Muthu Boy signing off