Femcels & Fentanyl
A worthless luxury good
Americans with four-year college degrees now account for a record 25.3% of U.S. unemployment. The percentage has doubled since 2008, leaving more than 1.9 million degree-holders age 25+ currently unemployed. This is the highest level since data collection began in 1992. What a surprise that there were limited job opportunities for that degree in "climate justice"....
Source: Bloomberg
Young female lefties
Young men have stayed similarly conservative for 25 years, while young women have turned left.
Source: Guardian
Single ladies
Mostly single ladies.
Source: WSJ
Femcels
More and more girls age 18-35 are living with their family. Less and less are living with a spouse or partner. Femcels are real.
Source: Autism Capital
Good for America
This is a hopeful chart.
Source: Wander
Alcohol stock
Alcohol companies are sitting on huge stockpiles as demand keeps falling.
Source: Bernstein / FT
Firewood
Next time you worry about AI taking your job, realize that firewood used to be a quarter of GDP.
Source: NBER
Calculators
Technophobia is not new. Here's a fun headline from 1986.
BlackRock is eating the world
Total assets under management hit a record $14 TRILLION after the firm pulled in $342bn of client money in Q4 alone.
Source: Bloomberg
Drawdowns happen
How often S&P 500 drawdowns occurred in a given year since 1928:
-5%: 94% of all years
-10%: 63% of all years
-20%: 26% of all years
-30%: 10% of all years
-40%: 6% of all years
-50%: 2% of all years
Source: Carson
Robber barons got nothing on the tech oligarchy
At the peak of the Gilded Age in 1910, the richest 0.00001% of the US population owned wealth equal to 4% of national income. Now, the richest 0.00001% owns 12%. US billionaire oligarchs today are even wealthier than the original robber barons.
Source: Ben Norton
Be capital light
(in your investments that is). Capital-light businesses have outperformed capital-intensive businesses over the last 35 years.
