Wednesday, October 26, 2022

Notes today:

  • And in March of this year, the average real wealth of the American middle class—including home equity and other physical assets as well as retirement and other savings—peaked at $393,300, the highest it’s ever been, according to data assembled by economists at the University of California, Berkeley.
  • Xi vows to dominate the world by 2049 - Surrounding yourself with yes men is however not a very good start – historically.

  • META (nee’ Facebook) is down -13% afterhours after missing on EPS ($1.64 vs $1.88). 
  • Brazil FT: Bolsonaro’s colorful personal life, with three marriages and two divorces, has not stopped him from winning support from evangelicals. He has also gained ground among the poor, thanks to a programme of cash handouts for lower-income families


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