“A prominent #Danish pension fund that previously made waves by dumping US Treasuries has reportedly announced that it will boycott the upcoming Initial Public Offering (IPO) of #SpaceX, citing severe #overvaluation and a deeply #flawed corporate #governance model.”
https://www.europesays.com/3028925/

#FX #Asia is the biggest regional source of USD #overvaluation and therefore a potentially significant driver of broad-based US dollar
depreciation. Further US dollar weakness would likely need to be driven by Asian repatriation, chart @JPMorganAM

1 I wonder if 500 years from now the #AIbubble won’t look uncannily similar to #Tulipmania: massive over-investment in a marginal asset with some intrinsic value, but not nearly enough to justify the degree of #overvaluation during the inflation of the #bubble. 🧵

We’ve finally located the billions in fraud! #AmericaFirst #DOGE #OverValuation
#MakeMarketManipulationGreatAgain #imtheproblemitsme

Knock Knock #ClimateCrisis is Real #Unpriced #climaterisk and the potential consequences of #overvaluation in US #HousingMarket #FinancialStability #flooding #HomeEquity We find that #ResidentialProperties exposed to #FloodRisk are #overvalued by US$121–US$237 billion, depending on the discount rate. https://www.nature.com/articles/s41558-023-01594-8.pdf