When Nebula sells, all the creators then get a payout.

China itself is now looking at offshoring factories outside of China.

China’s Consumer Prices Drop at Fastest Pace Since Global Financial Crisis - YouTube
Negative inflation -0.8% for CPI. 4 months of negative inflation. 16 months of producer prices deflation.
They need (manufacturing and infrastructure, because home investment is weak now) investment momentum. Maybe social housing construction.
Policy credibility is low after lockdowns, less expectation about the implementation, positive incentives for government officials is low. Doing nothing is more incentivized. Cash to low income families to support their consumption suggested by analyists.
Lots of top officials in China replaced recently. Securities regulator since 2019 on his way out. This is often associated with a boost in stocks. New guy is a discipliner. ‘The Broker Butcher.’ Government will maybe go after malicious short selling.
Year of the Dragon, ‘most auspicous’, just started in China.
The year of promoting consumption.

Hermes has a wait list who've been waiting several years for a call saying they can buy a bag. So we can expect their customers will never be seen to dip, because they can just call the next person on the list.

Chinese stocks, when will sentiment change? Need systemic change for any rally to be sustained (if there were a rally now investors would be selling into it probably). Other EM markets are looking pretty good (and their potential story is more understood), competing for the international fund flow. SKorea and Japan have corporate governance stories. American big tech only has real forseeable solid business plan. Chips and AI.

Nvidia looking to build out custom chip segment: Reuters - YouTube
Big companies have been looking at/starting to build their own chips for themselves, but Nvidia is saying hey we're already building chips, and we can build your custom chips for you cheaper. More specified chips.

Off the Charts: Nikkei hits 34-year high - YouTube

White House investing $5 billion in chips: Here's what to know - YouTube

X Inks New Deals with WWE, BetMGM - YouTube

Nvidia passed Amazon's market cap.
Since last Jan up from $200 to $750. Valuation though is lower than before, at 33x (Amazon is 40x, META is 23x).
Best capex going, but other companies have the same market.
ARM is up 100% or so in the past few days.

Delaware's corporate shake-up: Billionaires take aim at the state - YouTube
Nevada, Texas.

Ontario brewery receives onslaught of online hate after hosting Trudeau - YouTube

Why Direct-To-Consumer Companies Like Casper, Allbirds And Peloton Are All Struggling - YouTube
DTC brands have to keep themselves on people's radars constantly, which means continuous ad spending. Ad spending on Facebook and other platforms has gone way up over the past couple years. 10 years ago the first DTG brands had no competition and cheap ads. Now there's tons of people trying this and even competitors for the same target demographic, and then also ad prices have gone up a lot. Right now that looks great for Facebook, who raised its cost per impression 90% in 2021 (Google did 100%). But what happens when these companies stop trying?
Warby Parker, the quintessencial DTG brand, did glasses, where there was no competition, and started right at the start of this all. But they started making brick and mortar right away. Shops with their products and brand. Also, their product is just cut out for this model, because glasses you can just mark up a lot from what they're produced for.
Peloton pivoted to selling in big box stores. Some of these DTG companies had to make changes along te way.
Birkenstock, Chewy also did well.
‘When I’m on social media, I want to be able to purchase your product right then. When I'm walking by your shop, I want to be able to purchase your product right then.'

USA fundamentally gave away manufacturing to overseas during the 60s and 70s.

Machine versus machine is equal USA prices to China prices for manufacturing. Labor is different. (We don't know how much Chinese factory workers make.)
The supply chain doesn't exist in the USA becaues it hasn't done it for years.
Through laws, USA government is funding manufacturing (chips).

China is still the most efficient place to produce.

If China continues to be a security threat, other countries will continue to try to look elsewhere.

Startups Are Shutting Down! - YouTube

Nontech companies that were made to look like tech. Old businesses repackaged to get billionaire investments.

People hoping to repeat some profitable examples like Facebook.

AI was the only bright spot last year. But the economy is doing just fine, labor market is tight, stock market at a high.

Creative destruction of bad business models is a part of the capitalist system, but ‘zombie companies’ have been propped up for a while artificially with banks etc.

‘The deeper human connection is going to be the edge in AI.’

Spikier print on inflation. Consumer prices up 0.3%. People talking now about higher for longer, more. The labor market has reportedly broke though. I also have not yet seen any reason to slow down on rates. You have to break something in the economy and destroy wealth/money to make dollars worth more, right? You have to have people wanting to work balance out the money to pay them, right? It was an artificial inflation, and the deflation has to mirror it, right? But I'm still invested, because you have to do what you think people will most likely do, not what they should do. ... Another way to look at is that the Fed has made the right choice (so far this year in not cutting rates).



‘It seems that the Fed is not finished, perhaps.’ So we might stay higher for longer and have that recession after all.

Some people at the start said you should raise rates high and fast, to snap something to a break, and then return to normal. Then the economy, which was running at the level people wanted it to, would not break it's trend and people would continue in their habits. ... But if you prolong a different situation, a different economy, people will modify their habits and behave, longterm and habitually, a different way.

Probably the Fed is not as suprised about the print as the market. The market is coming closer to the Fed, maybe .

However, people are now using their savings to pay for things.

How 2024’s Record Retirement Numbers Could Spark a Recession | WSJ - YouTube

Alberta’s honey industry is a buzzing business - YouTube

Romance scammers target Americans - YouTube

Maybe private equity will lose, as they can't compete with cash.