The following are some of the news items mentioned in the last few days:

• Euro rose to $1.1444, it’s strongest level since Feb 2022, while the benchmark 10-year Treasury yield rose to 4.58 percent
  • Real pressure across board to sell Treasuries
  • Fed said it will intervene if Treasury markets go awry
  • Experts are forecasting an US inflation of 4 percent by end of year
• China hit back last week with 125 percent tariffs on US
• European travelers are shunning US.
• Retailers in US are warning an increase of goods by 2.9 percent by the end of this month raising the cost of average household by 4700 USD
  • 18 months of inflation in a short period of time
• Canada is exempted from the tariff pause. US and Canada have each imposed 25 percent tariffs on each other
• There are several products that US relies heavily on China and all these products will face massive tests in the months to come
  • 76 percent of dolls, tricycles, scooters and other wheeled toys imported into the US from China, with a value of 17.8 B USD. All these will be hit with the US-China tariff row
  • 90 percent of microwave ovens imported into the US are from China, with a value of 1.4B USD
  • 81 percent of smart phones imported into the US from China, with a value of 51B USD
• Pentagon has terminated 4B USD worth of IT services contracts
• Diplomats have passed a UN plan to charge ships at least 100 USD for evry tonne of CO2 they emit above a decarbonisation target
• Books on Nvidia
  • The Nvidia way by Tae Kim
  • The Thinking Machine by Stephen Witt

Quote

The realm of national and international events is important, but is not a place in which to live. It’s a place to visit. It’s fine to go there, and perhaps go there often, but after you have voted or organised or donated or volunteered or whatever, it is you feel you should do ( and many people do none of these things), then come back to the world of your immediate surroundings

• Oliver Burkeman