The chart of the week is courtesy Bloomberg and shows the maniacal credit boom in china. The credit to GDP ratio in China has breached historical levels and has entered into dangerous territory eclipsing levels seen before recent busts in 2008 and 2015. Another hard landing looks certain:
Elon Musk Says Ad Revenue Sharing Will Be 'Paused' For Some X Creators Over
Pending Investigation Into 'Use Of Bots To Spam Likes, Replies'
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Elon Musk announced the suspension of ad revenue sharing for certain
creators on his social media platform, X, due to bot spamming.
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33 minutes ago