Hi friend 👋🏼

This week, let's talk about wine collectors, interest rates, and the latest trends in economic indicators.

The Weekly Fun Fact 🤔

Young wine collectors are shaking up the scene: Forget the old image of wine collectors as older, gray-haired connoisseurs. Today, millennials and Gen Zers are getting into the wine game, turning it into a more modern and approachable hobby. 

These collectors aren't just looking for prestige, they're buying what they enjoy, often passing over old-school favorites in favor of new, fashionable makers. They are giving the fine wine industry a new twist, whether with natural wines or sustainable vineyards.

🔴 Sausage Sales? Economists are watching 🌭

Believe it or not, sausages are now a key economic indicator. Recently, economists have started tracking sausage sales as a signal of consumer sentiment in times of inflation. As food prices increase, particularly for meats, fluctuations in sausage sales highlight how pressured consumers are adjusting their shopping habits. Sausage sales are up, and it’s not just a matter of preference — it’s a sign that consumers are cutting back on everyday treats due to rising costs.

🟡 Nvidia employees are millionaires. Proof capitalism still works? 🤑

Nvidia’s wealth creation story is nothing short of extraordinary. A survey of over 3,000 employees reveals that 76% are millionaires, and one-third have a net worth exceeding $20 million. The company's market capitalization increased by $3 trillion due to AI demand.

As employees receive company stock options and if the data is accurate, it would mean that from the 33 000 employees, 25 000 are millionaires. But this is not even the craziest part, reportedly 12 000 employees have a net worth exceeding USD 20M. Maybe there will be a better system in the future, but for now capitalism seems to be working.

🟢 ECB goes for a 2nd interest rate cut, inflation falls in the eurozone 📉 

‍Good news for the Eurozone: inflation is cooling down! This has prompted the European Central Bank (ECB) to consider its second interest rate cut in the near future. With inflation finally moving in the right way, this potential rate drop could benefit both firms and consumers throughout Europe. However there are complications, core inflation is not expected to drop below 2.5% and the ECB remains concerned on inflation upticks

🎬 From inflation positive news and fears of recession it's not clear if we are going for a soft landing.