The Kobeissi Letter (@KobeissiLetter)

This is devastating: The Los Angeles wildfires have now burned ~38,000 acres of land, or ~2.5 TIMES the size of Manhattan, NY. Estimated damages now exceed $150 BILLION in the costliest wildfire in US history. This fire will impact the US economy for decades. (a thread) ...

This has NEVER happened in recent history: In a sudden collapse, 30-year interest rates are now LOWER in China than Japan. China's economy is currently being described as a "deflationary spiral" as seen in Japan in the 1990s. What does this mean? Let us explain. (a thread)...

China is panicking: Today, China announced that WIDESPREAD economic stimulus is coming in 2025, including raising their deficit. Currently, parts of China's real estate sector are down -80% from their high and at 2008 levels. Is China entering a recession? (a thread)...

Gold markets are telling us something: Over the last 3 weeks, bond prices crashed and the US Dollar surged, both historically BEARISH signs for gold. Meanwhile, gold prices are trading 1% away from a new all time high and up +29% this year. What's happening here? (a thread)...