100% consensus - it’s a new regime. Rates will never go back down, inflation will stay above 4%. I give that 30% likelihood. The other 70% is not back to where the US was, but “worse”. We’re on the European path, that followed the Japan path. Neg rates by 2028 very possible.

This 👇👇👇

I’m confused by the logic here. If the jailbreak is serious enough to justify export controls, why is Fable still safe enough for U.S. nationals to access? Either the model is unsafe because the guardrails can fail, or it is safe enough to remain deployed. The current position seems to argue both.

The Trump admin continues to treat AI like a screwdriver that is also enriched uranium: That is, apparently advanced AI is such a normal technology that it’s crazy to limit chip exports to China but also such an abnormal technology that we can’t let British employees of NYC banks access it

Charlie McElligott: “I have to pound the table on this potential supply-demand paradigm shift in stocks away from what had been the virtuous 15-year ‘de-equitization’ period where the float was shrunk and vol suppressed as a massive tailwind for stocks." Charlie sees a "new world order" with AI capex "endangering the flow of buybacks" and a potential "‘supply overload’ issue, not just via the sheer size of the tectonic AI-linked IPO calendar, but the hyper-scalers’ own supply." “[While] acknowledging that to make this even quasi apples-to-apples” you’d need to adjust for float and/or market-cap, the point is the contrast from long periods of “no issuance at all” to the “pivot into supply,” Charlie wrote

The caveat to this, and don’t get me wrong I’m on the side of the energy guys, but we’ve been looking for the next huge spike and oil because of lack of supplies, for four weeks, and that isn’t happening either

RT @ericnuttall: The market remains solely focused on the # of ships EXITING the Strait (~80MM Bbls to go). I'm much more interested in the…

Nipple-Gate: How it was more important to protect Trump at all costs than it was for the DOJ and FBI to investigate Epstein's crimes against women and children. open.substack.com/pub/jkbjou…

Ruh roh...

Exactly this 👇👇👇

A lot of people blame Fox for leaving OG to double team Brunson, leaving OG open to rush the basket for the tip in. His greater sin is rushing over for the double team with his hands down. If his hands had been up, he might even have blocked the shot.

SO . . . there was a LOT of talk about Gold at the beginning of the year (It's the best asset , look at the returns versus stocks, blah, blah blah) WELL - now it's time for you folks to start banging your drums again - as you have all gotten VERY quiet. And the timing looks pretty good to me, looking out over the next 3-5 years (not 3-5 days) !!! @BobEUnlimited @LynAldenContact #gold #silver

😂

But if you look closely at this chart, it signals a massive peak in the index, it also signals a relief rally that gives you time to sell everything @Chartfest1

I know it’s crazy, but I’m getting pretty close to going 50 to 100% Long $GLD and completely out of stocks

So you can use the 5th/6th/7th best LLMs, getting 80-85% of the top guys' performance, but at an 85-95% discount in price? You know what we call that? A commodity... exactly what happened with LCD TVs, OLEDs, solar panels, electric cars, phones, etc good luck with your AI IPOs!

I dare you to annualize this and sell gold.

oops?

“ he’s worse than any human being that’s ever run for Office. But I don’t know him so I don’t wanna say anything bad about him.” There you are ladies and gentlemen, the President of the United States

😱😱😱 And just like that, it’s completely VANISHED from the media. A sitting congressman, Ted Lieu, said on the record the Epstein files are being blocked because they show Trump raped and threatened to kill children. Lets make this viral again 👇

🙄