6 juli, Dollar dominance. Exorbitant privilege. ZIRP. Germany to borrow - 800 miljarder, euro - for rearmament. Spanish GDP overtake Japan’s

 

The dollar dominance. Exorbitant privilege. “Mercury” and “Mars”. 

https://englundmacro.blogspot.com/2026/07/the-conversation-around-dollar.html



Allra mest steg flera AI-relaterade bolag efter att ha rasat i slutet på förra veckan.

https://www.di.se/live/gron-stangning-pa-wall-street-ai-bolagen-rekylerar/



Stockholmsbörsen stängde nedåt.
 Saab fortsatte uppåt medan  
Sivers och Mips båda föll tvåsiffrigt.
https://www.di.se/live/rod-stangning-pa-stockholmsborsen-wDPjX/



Germany to borrow - 800 miljarder, euro - for rearmament in historic shift. Ditches frigate programme. Schwarze Null. Stabilitetspakten.

https://englundmacro.blogspot.com/2026/07/germany-to-borrow-800bn-for-rearmament.html


Spanish GDP on a per-capita basis, enough to overtake Japan’s but still firmly behind Korea’s.

Spain’s population has jumped to almost 50 million from 36 million a half century ago. 


 AI investor fatigue
Hyperscalers are doubling their capital expenditure this year to some $800bn with scarcely any revenue to show for it yet.
“At some point you’ve got to make money. And we’ve gotten further away from that over the last couple of years instead of closer to it,” says Jim Covello, head of global equities at Goldman Sachs.

Almost all profit so far has been captured by makers of semiconductor chips and graphics processing units (GPUs) – the “picks and shovels” of this gold rush. 
That is an even greater accident waiting to happen than the AI rush itself.

Jensen Huang’s Nvidia is king, still worth $4.8tn even after a few hiccups. The company sells its $40,000 Blackwell GPUs in racks of 72 at a time, with monopoly pricing power and a gross profit margin of 74pc.
What can possibly go wrong? 
Ambrose Evans-Pritchard Telegraph 3 July 2026 

How Government Spending Enriches the Wealthy

Republican nominee for governor of Ohio

ZIRP



Dagen innan

https://englundmacro.blogspot.com/2026/07/5-juli-irans-new-regime-is-very.html


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