graceland

American heart mind body soul & spirit. Former volunteer fireman/1st responder. Honorable discharge USMC. Market and History now. Patriot. Live Free or Die.

[graceland @FM_NoAlgos]

When you’re born in this world, you’re given a ticket to the freak show. And when you’re born in America, you get a front-row seat.

— George Carlin.

[Daniel Lacalle @dlacalle_IA]

Russian oil (ural) slumps below $52/bbl.

[*Walter Bloomberg @DeItaone]

TREASURY HAS AN INTERNAL REPORT WARNING ABOUT THE DANGERS OF AN AI BUBBLE

A draft U.S. Treasury report warns the AI boom could resemble the dot-com bubble, according to NOTUS.

The report says AI companies are deeply embedded in the economy, raising the risk that weaker financial conditions or slower growth could trigger broader economic fallout if the sector turns lower.

[graceland @FM_NoAlgos]

The long game.

[Liz Wheeler @Liz_Wheeler]

In the next decade, over 1 million Chinese Communists will be able to vote in American elections.

Thanks to birth tourism, Chinese billionaires are paying surrogates to birth their children on U.S. soil so that the babies are American citizens.

"That wave is going to start to really crest beginning in 2030. And when you look at...the Chinese birth tourism companies, there's more than 1,000 of them today operating in China. They advertise openly in China. The Chinese government has encouraged this. The Chinese government is allowing this massive industry to operate. Members of the Chinese Communist Party elite are doing this." -@peterschweizer

[Liz Wheeler @Liz_Wheeler]

In the next decade, over 1 million Chinese Communists will be able to vote in American elections.

Thanks to birth tourism, Chinese billionaires are paying surrogates to birth their children on U.S. soil so that the babies are American citizens.

"That wave is going to start to really crest beginning in 2030. And when you look at...the Chinese birth tourism companies, there's more than 1,000 of them today operating in China. They advertise openly in China. The Chinese government has encouraged this. The Chinese government is allowing this massive industry to operate. Members of the Chinese Communist Party elite are doing this." -@peterschweizer

[Kevin Sorbo @ksorbs]

Consider these words from 1920, written by French author Hilaire Belloc:

“The modern world imagines that it has outgrown religion. It has done nothing of the kind. It has merely forgotten it. And because it has forgotten it, it no longer understands itself. Men do not realize that the whole framework of their moral judgments, their political habits, and even their intellectual methods were formed within a Christian society and cannot exist long outside it. When that framework breaks, they will not find themselves enlightened, but bewildered; not free, but enslaved; not rational, but confused.”

[Hedgeye @Hedgeye]

Foreign investors dump Japanese bonds at fastest pace since 2023

[unusual_whales @unusual_whales]

43.7% of consumer households that reported being worse off financially than one year ago, per YF.

[Taya Bass @travelingflying]

Christopher Hitchens: ”In 1786, when the United States was barely a country, it was having its sailors taken as slaves by the Barbary states, the states of the Ottoman Empire and North Africa. Tripoli, shores of Tripoli. Ships stopped, its crews carried off into slavery. We estimate 1.5 million European and American slaves taken between 1750 and 1815.

Jefferson and Adams went to their ambassador in London and said, why do you do this to us? The United States has never had a quarrel with the Muslim world of any kind. We weren't in the crusades. We weren't at war with Spain. Why do you do this to our people and our ships? Why do you plunder and enslave our people? The ambassador said very plainly, Mr. Abdul Rahman said, because the Quran gives us permission to do so, because you are infidels, and that's our answer. Jefferson said, well, in that case, I will send a navy which will crush your state, which he did.

Islamic fundamentalism is not created by American democracy. It's a lie to say so. It's a masochistic lie, and it excuses those who are the real criminals, and blames us for the attacks made upon us.”

[Barchart @Barchart]

Options Traders are now the most bullish on the stock market in 5.5 years, after the total put/call ratio plunges to 0.64 🥳 🤑 🤗

[Milk Road @milkroaddaily]

Lyn Alden: "When a currency fails, people temporarily default to a currency that hasn't failed yet - like dollars."

"But then they just restart the system and they get enticed to trust it again."

A new generation of politicians comes in and the whole cycle repeats.

"Unfortunately people kind of were almost like stuck in the same loop."

FT @LynAldenContact @PeterMcCormack.

[The Kobeissi Letter @KobeissiLetter]

US small-cap companies are facing a massive interest burden:

Interest expense now accounts for 31% of EBITDA in Russell 2000 firms, the highest in at least 6 years.

This percentage has more than doubled since 2020.

By comparison, S&P 500 companies now carry interest expense equal to 6.7% of EBITDA, down from 9.5% in 2020.

This comes as ~30% of corporate debt in Russell 2000 companies is tied to floating rates, compared to ~7% for the S&P 500.

Meanwhile, a near-record ~40% of small-cap companies in the index remain unprofitable.

Small-cap firms are in desperate need of lower rates.

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

The Nasdaq fell 78% from 2000 to 2002. But that's not how anyone experienced it.

They experienced this:

– A 35% rally. Then new lows.
– A 12% rally. Then new lows.
– A 25% rally. Then new lows.
– A 41% rally. Then new lows.
– A 45% rally. Then the bottom, 30 months after the top.

Five times the market screamed "it's over." Five times it lied.

Former colleagues of mine lived through it on a trading floor. They told me what the routine became: by Thursday, you started praying for Friday afternoon. Not for the weekend. For the close. Two days where you couldn't lose money.

Then you walked out of the office with your head down.

That is what a real bear market does. It doesn't scare you out at the bottom. It exhausts you out, one false dawn at a time.

Bear markets don't end when the sellers are done. They end when the buyers are.

[The Disrespected Trucker @DisrespectedThe]

It just baffles me that Americans sit back and do nothing.

Mitch McConnell is braindead and still a Senator.

Tim Walz allowed massive fraud and illegal immigration and he's still the Governor.

Gavin Newsom committed fraud and allowed massive illegal immigration and he's still the Governor.

We've literally watched Treason happen in real time and not a damn thing gets done about it.

Nobody's coming to save us!

When will enough be enough?

[Nightingale Associates @FCNightingale]

Texas distress report: $900M in CRE loans flagged for auction in July

Distress at S2 Capital is behind one-third of this month’s troubled loans - five North Texas apartment properties.

#commercialrealestate

https://t.co/eNpXrErRXj

[Will Rockenbach Jr @WillRock2424]

My reference back in March was directly from the OECD (Organisation for Economic Co-operation & Development).

Video cited in tweet below is Securrency CSO Patrick Campos from 6/21/21. This directly links the US fintech company to Ukraine's Ministry of Digital Transformation.

[Rand Paul @RandPaul]

Charlie was absolutely right.

It’s time we pass a Constitutional Amendment, end the loophole that’s currently being exploited, and protect birthright citizenship for children of U.S. citizens.

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

The Dow Jones lost

17% in 1929
34% in 1930
53% in 1931
23% in 1932

-89% top to low.

Be grateful.

[Geiger Capital @Geiger_Capital]

Imagine what mass deportations would do to rents and public services. GenZ and Millennials would realize that they’ve been competing with an entire foreign class for their own country.

[Gad Saad @GadSaad]

As I explained in Suicidal Empathy, popes are very kind and compassionate behind the high walls of the Vatican.

[@amuse @amuse]

ISLAMIFICATION: Those of you who are worried about the impact of huge air conditioned warehouses housing servers ought to start worrying about the hundreds of mosques being built in your neighborhoods. Sharia is the real threat not data centers.
https://t.co/3ToNzeU0mb