Monday☕️

Apr 17, 2023 • 4 min read

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Markets/Economies:

Starship:

Today, SpaceX will attempt to launch the fully assembled Starship and Super Heavy rocket, launching from Starbase in Texas. The 150-minute test window commences at 7:00 am CT (8:00 am EST).
Starship is designed to take 100 people on extended interplanetary space journeys, launch satellites, construct Moon bases, and allow fast travel between Earth locations.
With its payload capacity of up to 150 metric tonnes reusable and 250 metric tonnes expendable, Starship is one of the largest and most powerful spaceships ever created.
If successful, the launch will mark a pivotal moment in space travel, revolutionizing our approach to exploring the cosmos and enhancing our understanding of the vast universe that surrounds us.

FedNow:

FedNow is a real-time payment and settlement service developed by the Federal Reserve System in the United States. It is designed to enable financial institutions to process and settle payments instantly, 24/7, and 365 days a year.
The FedNow system is expected to be operational between May and July of this year.
There are concerns that the FED now system is a prototype of a CBDC.
The Federal Reserve has addressed these concerns below, along with other concerns.
Federal Reserve statement link:

Statistic:

GDP Per Capita (PPP adjusted):
Monaco 🇲🇨: $234,317
Luxembourg 🇱🇺: $133,329
Singapore 🇸🇬: $116,486
Ireland 🇮🇪: $105,355
Norway 🇳🇴: $80,534
Switzerland 🇨🇭: $77,120
UAE 🇦🇪: $76,609
USA 🇺🇸: $69,287
Germany 🇩🇪: $58,276
Canada 🇨🇦: $52,789
UK 🇬🇧: $50,809
Turkey 🇹🇷: $30,444
China 🇨🇳: $13,721
India 🇮🇳: $7,242
Burundi 🇧🇮: $774
GDP per capita (PPP) represents a country's Gross Domestic Product adjusted for purchasing power parity, divided by its population. It provides a rough estimate of a country's average income per person, taking into account the relative cost of living and inflation rates.
While it offers a useful comparative measure of living standards across countries, it is not a perfect conclusion, as the data relies on estimations from governments and financial institutions and may not capture every aspect of a nation's economic well-being.