Saturday, June 06, 2026
The US has Musk.
"Euro zone private sector activity shrank at the fastest rate in 18 months in May as waning demand for goods and services - a key gauge of economic health - dragged output lower for a second month while cost pressures hit their highest level in more than three years, a survey showed." "The S&P Global Eurozone composite PMI Output Index fell to 48.5 in May from April's 48.8." Any number below 50 indicates contraction. "The deterioration was concentrated in the bloc's two largest economies, Germany and France." Reuters. Three years ago, the President of the European Commission delivered an address in which she "spoke at length about China's distorting subsidies, unfair competition, coercive practices, growing imbalances, forced technology transfers and monopoly of critical raw materials, all of which, she said, required a brand-new approach: derisking." EU member states did nothing. ca.news. European stocks have fallen after the start of the Iran conflict. Because, while the supply shock has been negative for infrastructure and defense, "Technology stocks account for roughly 8% of the Stoxx Europe 600, compared with 42% of the S&P 500. Semiconductors in particular make only 3.5% of the European benchmark versus about 18% of the S&P 500 and the MSCI Asia Pacific." msn.com. In the United Kingdom, "Unemployment is close to a post-pandemic high, inflation is accelerating, living standards have stalled and growth is expected to slow to the weakest in three years." Because, the Labour government has increased minimum wages while increasing payroll tax, causing businesses to cut employee numbers. In the US, "inflation increased at its fastest pace in three years in April," with personal consumption rising to 3.8% in April from 3.5% in March, due to higher energy prices. ET. "The economy added 172,000 jobs in May, shattering expectations, new data from the Bureau of Labor Statistics showed." "Unemployment held steady at 4.3%, while employment gains topped 100,000 for the third consecutive month," as "March's payroll gains were revised upwards by 29,000 to 214,000, while April's tally was revised higher by 64,000 to 179,000 jobs added." CNN. The US is also changing internally as, "Americans are voting with their feet, leaving high-tax blue states for lower-cost, Republican-led states and reshaping the nation's economic and political map, according to the Census Bureau data. As states battle for residents and businesses, low-tax red states are attracting jobs, investment and population growth." Fox. Creating anticipation and excitement, "In a surprise move ahead of its investor roadshow, Elon Musk's SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion,"valuing the company at $1.75 trillion. "A fixed price ahead of presentations to investors and book- building is highly unusual ." "SpaceX has drawn investor demand of about $150 billion for its IPO, about double the $75 billion it is seeking to raise, said two people familiar with the matter." Demand may seem modest, "but bankers and investors said that demand is impressive for the SpaceX offering since it is the largest IPO ever." Reuters. The reason why the US is thriving while Europe in not is because, "New claims that the United States has recovered remains of four separate species of alien life are sending shockwaves throughout the UFO disclosure movement," as "Dr Hal Puthoff , a CIA funded researcher and former Advanced Aerospace Weapon System Applications Program advisor, announced the new revelation." Fox. No wonder, the US is leading in AI and Musk is preparing to conquer Mars. Musk is not an alien. He has 14 children with four different women. instyle.com. Proven by four women. QED.
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