Snapshots that wow!
Some people never grow up!
In the US, the median age of a MTV viewer is 51 years old
(and here we thought people stopped watching the channel
after they stopped being teenagers!)
The news channel with the oldest viewership by median age is MSNBC at 70!
Source : Nielsen
We have enough paneer!
US, China and Australia are the most protein rich countries
while India remains protein poor in supply with less than 70g
available per capita.
However with the average weight of India at 60kg (65 for
men and 55 for women, our requirement is merely 48g per
capita per day! But this assumes no leakage.
Source: Our World in Data, FAO
Keep the coal burning and copper laying?
A ChatGPT search takes 10x the amount of power consumption to fuel it vs. a normal google search.
Source: ZeroHedge
Late to their own party?
The capex of North American commodity producers only
began picking up again in 2021. But at the same time they
were massively increasing dividend payouts and buybacks
– to the point that they equaled capex spending in 2022 –
limiting the amount the firms could spend on new
investment and maintenance capital expenditure. Only now
are we seeing a step up in capex and a decline in dividends
and buybacks!
Source: ZeroHedge
High on Koolaid?
The Indian equity market appears to be fairly benevolent or
complacent with basic issues such as market size and
profitability being sidelined, given its obsession with
narratives. Valuation methodologies have low or no linkage
to fundamentals, which makes high multiples palatable, no
matter how outrageous the implied math for underlying
parameters becomes at higher multiples. The current
benign mood has resulted in much higher number of high
P/E companies currently compared with history. Even
ignoring ‘young’ companies in ‘young’ industries, the
number is very high.
Source: Kotak Institutional Equities
Let the games begin!
Keith Gill, known as "Roaring Kitty," the pivotal figure in the
2021 meme stock phenomenon, has resurfaced online after
three years, causing a significant surge in GameStop shares,
which soared 74%, along with other meme stocks. Gill shared
the above meme on the social platform X that typically
signifies heightened gamer attention
Source:Twitter