The EU’s most costly budgets, bitcoin’s market swings, and rising US bankruptcies. Each week, the Syz investment team takes you through the last seven days in seven charts.
With its overblown government expenditure, it’s not surprising that France is running a fiscal deficit of more than 6% even in good times. What will happen when the next recession hits?
Once upon a time, Bitcoin was extremely volatile, but the more integrated Bitcoin becomes in the global financial system, the more its volatility decreases. It is now on par with the likes of Tesla (NASDAQ: TSLA ) and Nvidia (NASDAQ: NVDA ).
Investors are extremely bullish—heavily invested in stocks while betting against everything else. Cash levels have dropped to just 3.5%, the lowest since 2010, according to the BofA Fund Manager Survey.
There were 70 US bankruptcy filings in January, in line with the largest monthly number since the 2020 crisis.
This comes after bankruptcies hit 694 in 2024, the most in 14 years.
China's holdings fell by $77 billion in 2024 to $759 billion, the lowest in 15 years.
Japan sold $57.3 billion, down to $1.06 trillion, the lowest since 2018.
Japan and China are the world's largest foreign holders of US public debt.
The US has the largest
gold
reserves in the world by far; in fact, it has more than Russia, China, Switzerland, India, and Japan combined.
Elon Musk says millions of people over 140 years old are receiving Social Security benefits.
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