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Single best idea. After traveling in Washington and Toronto and back in the saddle today with all the confusion that's going on, we demanded clarity with a wide set of conversations. I want to mention Paul Sanki came in. It was absolutely brilliant on hydrocarbons. I can't emphasize his concern of the next sixty days globally in oil and all the derivatives of oil that come down the food chain. We
spent time on ethane into ethylene. I don't understand it, but guess what he understands it and says it's a tenuous time. Anamong of Bloomberg economics getting ready for the FED meeting next week. Yes, the worst testimony, but far more. The narrowness of America can prosperity.
On the narrowness of the top ten percent. So they own. The top ten percent own about eighty five to ninety percent of all US equities. And then when you look at the US equities, so much of it as is driven by the Magnificent seven and right now the AI boom. So I think you're right, Tom that the top ten I think a lot of this wealth in the US has been directed to the AI boom.
Right now, Charlie rose In with Invesco running their commercial real estate credit division said sixty percent of the growth in real estate credit New York and San Francisco six zero sixty percent and their analog of Bloomberg Economics on the narrowness of this American economic experiment. Mark Champion definitive at the Wall Street Journal for decades now with Bloomberg opinion, his work is just exquisite on the war and Europe. Mark Champion on the five flavors of Iranian leadership.
Well, it's really five. So there's three official players in in the leadership Council, and that's the president, which is you know, a position. He's what you would call a regime moderate, uh. And then you have Mohammed Carlibuff and he's the former he's a former sorry that's my phone going off. He's a former mayor of of Tehran and also former i r g C head. But he's also considered a regime pragmatist. And then you have you know, the head of the judicial judiciary who really doesn't focus
on these kinds of things. He's important for you know, domestics, uh, security, et cetera. But then you have two other figures who are not named, and they are the you know, the two I r GC heads and they really they called the shots ultimately, and that became clear in the first round of talks when they called the negotiating team back for exceeding their mandate.
Mark Champion with needed clarity there on what America faces, the president faces in the Eastern Mediterranean and with Iran as well. On our podcast We're at Apple, where at Spotify and YouTube podcasts, it's single best idea