- "Denmark's letter volume dropped from 1.4 billion in 2000 to under 200 million by 2022, illustrating over an 85% decrease. This sharp decline underscores the significant impact of digital communication on traditional mail, challenging postal services to adapt." - not surprising, but interesting to see a data point. I wonder how many letters now are purely transactional and marketing?   
- The only other newish indicator in this newsletter is about money moving into underperforming sectors in the stock market, and also huge increase in gold coming in to the US. I think these are side effects of the massive uncertainty that is going on in the US, and this is not making it easy to create long term ideas. One long term idea that is continuing is growth in US data centres, and all other indicators show that digitisation of our economies is still underway, which is hard to see when one is so embedded in a digital way of working.