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Forwarded from The Kobeissi Letter
BREAKING: Prediction market odds of a recession hitting in 2025 have fallen to a new low of 27%.

Since November 1st, odds of a recession beginning in 2025 have HALVED, from 54% to 27%, according to @Kalshi.

Meanwhile, GDP growth estimates are rising with ~3% GDP growth expected in Q4 2024.

As inflation rebounds and the Fed cuts rates, markets are pricing-in a lower probability of a recession.

Are rate hikes coming back?
(@TheKobeissiLetter)



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BREAKING: Prediction market odds of a recession hitting in 2025 have fallen to a new low of 27%.

Since November 1st, odds of a recession beginning in 2025 have HALVED, from 54% to 27%, according to @Kalshi.

Meanwhile, GDP growth estimates are rising with ~3% GDP growth expected in Q4 2024.

As inflation rebounds and the Fed cuts rates, markets are pricing-in a lower probability of a recession.

Are rate hikes coming back?
(@TheKobeissiLetter)

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Telegram has become more interventionist over time, and has steadily increased its efforts to shut down these accounts. But this has also meant that the company has also engaged with lawmakers more generally, although it maintains that it doesn’t do so willingly. For instance, in September 2021, Telegram reportedly blocked a chat bot in support of (Putin critic) Alexei Navalny during Russia’s most recent parliamentary elections. Pavel Durov was quoted at the time saying that the company was obliged to follow a “legitimate” law of the land. He added that as Apple and Google both follow the law, to violate it would give both platforms a reason to boot the messenger from its stores. Individual messages can be fully encrypted. But the user has to turn on that function. It's not automatic, as it is on Signal and WhatsApp. Meanwhile, a completely redesigned attachment menu appears when sending multiple photos or vides. Users can tap "X selected" (X being the number of items) at the top of the panel to preview how the album will look in the chat when it's sent, as well as rearrange or remove selected media. "Like the bombing of the maternity ward in Mariupol," he said, "Even before it hits the news, you see the videos on the Telegram channels." This ability to mix the public and the private, as well as the ability to use bots to engage with users has proved to be problematic. In early 2021, a database selling phone numbers pulled from Facebook was selling numbers for $20 per lookup. Similarly, security researchers found a network of deepfake bots on the platform that were generating images of people submitted by users to create non-consensual imagery, some of which involved children.
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