胡塞武装：美国、以色列及其盟友通过挑起战争和掠夺各国财富，助长了世界的不稳定。

July 15 — The Buffett indicator (CSI 300 INDEX market cap/GDP) edged down to 90.51%, remaining near the upper end of its 10-year range. The CSI 300 INDEX equity risk premium (ERP) eased to 5.17%, holding near 5.2% in July and at the lower bound of its post‑Oct 2024 range, implying a limited yield advantage of equities over Chinese government bonds. Reference thresholds: Buffett indicator 70–100% = normal valuation (below 70 = undervalued; above 100 = overvalued). ERP historically: ≥6% has coincided with market troughs and signals attractive equity value; ≤4% typically aligns with cyclical market highs and lower investment value.

Quarterly filings show BofA, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley cut more than 10,000 employees in Q2, the biggest quarterly headcount drop since early 2020. Only JP Morgan reported a slight increase in staff since end-Q1. Major lenders have now reduced staff for three consecutive quarters. Citigroup has continued headcount trimming in recent months as CEO Jane Fraser pushes to lift returns. BofA CFO Alastair Borthwick said on the earnings call this week, "Over the past six quarters we've executed very well on workforce management." BofA headcount was down nearly 1% YoY.