1.[central Bank of Korea] by the end of June, total household debt in South Korea reached 1805.9 trillion won, the highest since 2003. Household credit growth was driven by increased demand for housing loans and cost-of-living loans, as well as public stock offerings by some large enterprises in April.

2.[White House] in the 2021 fiscal year ending September 30, the US government’s budget deficit will reach 3.12 trillion US dollars, or the second highest deficit in US history, only lower than last year’s 3.129 trillion US dollars. The sharp rise in the budget deficit is mainly due to a series of government stimulus bills such as the American Aid Program. In addition, GDP growth will reach 7.1% this year; the US government’s budget deficit will remain above $1 trillion over the next decade.

3. Korea Automobile Industry Association: the cumulative number of Hyundai electric trucks Porter and Kia Bongo EV registered in July was 31680. Since the launch of Porter electric vehicles in December 2019, the South Korean small electric truck market has gradually expanded, with sales reaching 11417 units in October last year, and then nearly tripling in nine months.

 4.Tesla Musk: I prefer lithium iron phosphate batteries. Because it can be recharged to 100%, while ternary lithium battery is only recommended to 90%.

5.Natural Materials: for the first time, American engineers have created a double-layer atomic thickness of borene, which is stronger, lighter and more flexible than graphene, or will become another “magical nanomaterial” after graphene. It is expected to revolutionize batteries, electronics, sensors, solar cells and quantum computing. 

6.ISIS claimed responsibility for the Kabul bombings: two explosions near Kabul airport on the evening of the 26th killed at least 72 people, including 60 Afghans and 12 US military personnel. In addition, the explosion also injured at least 155 people, including 140 Afghans and 15 US military personnel. Subsequently, the extremist group Islamic State claimed responsibility for the incident.

 7.Federal Reserve Chairman Colin Powell: it is appropriate to start shrinking debt this year, and it will not directly send the timing signal of raising interest rates; as employment continues to grow and inflation returns to the target, we cannot take it for granted that short-term inflation will subside; we hope to see sustained strong job growth, and more progress has been made in employment since July, but the Delta strain has also spread further.