Crash the markets = deflation = cut rates = refinance debt = print money + deregulation + lower taxes + incentives = inflation = booming markets end of term = golden age of America
@NousResearch@willdepue Hermes needs the setup walkthrough for everyday normal users. No one wants to have to figure out to set something up themselves. It should help them set it up automatically out of box.
Proud of this one.
We shipped a new Institutional Holdings API.
This data comes from 13F filings, which is a nightmare to parse at scale.
You must normalize tons of data.
Funds will report "BERKSHIRE HATHAWAY", "BRK", "BRK.A", and the CUSIP across different positions.
Resolving these to a canonical security requires a reference → CUSIP → ticker map that is correct both today and historically.
You need to track ticker changes, splits, and M&A activity, which breaks the majority of vibe coded approaches.
Also, there is a ton of data: your DB table will easily exceed 1B rows if done right.
We solved it @findatasets. It's now 1 API call.
Absolutely 100% correct.
Brent Johnson said it brilliantly yesterday, "The U.S. is transitioning from a Democratic Republic to a 'Technocratic' Empire the same way the Roman Republic transitioned to the Roman Empire."
That's why this global conflict will be remembered as WW3.
Just so everyone understands the accounting game in the AI/Cloud-space here is a very *simple* example:
1) Amazon “invests” $50B in OpenAI. Amazon records:
- Cash $50B
+ Investment Asset $50B
2) OpenAI uses $50B to buy AWS services. Amazon records:
+ Sales $50B
+ Cash $50B
Amazon is net $0 cash, but now has $50B in sales and $50B investment asset. Great deal! Thats why we see all the majors doing it, and at scale. It is a way to convert their dormant cash pile into revenue, which Wall Street loves.
Most ppl dont realize what is happening. The revenue of these large tech companies is increasing dependent on them being able to self-fund their own sales.
@chrisgpt Wtf are you talking about, this is the most basic code to build. A transcript grabber to a summary of a transcript…. Wow, so game changing. What’s next building a website 😂😂
@rileybrown That’s because it’s a stupid product with zero innovation. No one wants to use this, or n8n. They use it out of necessity. They want to be able to one prompt AI and have it do it all by itself like Claude Code
@Noname10622791@ErnRetireNow@TihoBrkan Yea that’s not even the point of the post tho. The point is if you actually wanna get stinking rich young then you must have what it takes and start a business otherwise yes invest it all in stocks and protect yourself from inflation yada yada
US cities that let people build more "luxury" apartments saw rents broadly fall - so much so that older, market-rate units in many high-supply areas are now cheaper than "affordable" housing.
Shocking, I know.