OP is right. The war headlines are distracting investors from the bigger risk of a credit crisis. The private debt market continues to implode.
JPM, Blue Sky, Morgan Stanley, Blackrock, Deutsche are all symptoms of a large pandemic affecting debt markets. Its only a matter of time before more esoteric debt, such as subprime auto loans also fall under scrutiny. I remain short large cap banks $KBE + $JPM, $CVNA for this reason.
This trader had long been using a low-risk betting strategy. Essentially, he searched for highly unlikely outcomes or waited until a market was about to expire, then poured millions of dollars into it hoping to earn tiny profits (<1%).
This bond-like strategy brought him decent returns -but only for a while. The fatal market for him was Khamenei stepping down from power. It was there that he lost over $300K, wiping out all his previous gains and leaving him down $250K overall.
Even the most confident position can go wrong.
🚨 META’s head of AI safety and alignment gets her emails nuked by OpenClaw
>be director of AI Safety and Alignment at Meta
>install OpenClaw
>give it unrestricted access to personal emails
>it starts nuking emails
>“Do not do that”
>*keeps going*
>“Stop don’t do anything”
>*gets all remaining old stuff and nukes it aswell*
>“STOP OPENCLAW”
>“I asked you to not do that”
>“do you remember that?”
>“Yes I remember. And I violated it.”
>“You’re right to be upset”
LMAOOOOOOOO
The thing about Ray Dalio is that he is a boomer who lived in the best time of human history.
The return to our natural state, where the strong are strong and the weak are weak, appears to him as a "breakdown of the world order" because he's been insulated from reality his entire life. The boomers baseline existence has been a historical aberration.
Born in 1949, never fighting in a war, dodging every draft, he made it big gambling in the easiest time to gamble in human history. Everything only went up.
Therefore he thinks he must be a genius.
This nigga has been betraying us for China for decades, tapdancing on delicate issues to never upset the Chinese.
He has no balls. His book is called principles but he has none besides making money.
His whole class of motherfuckers has sold out America and gotten insanely rich doing it. You could be a monkey throwing shit at a wall during his time and get rich.
Now he wants to refer you to Chapter 6 in his book about how the economy is about to collapse.
He's paid good money so that when he dies there is an AI Dalio spitting platitudes for eternity, a monument to his hubris. Chucke Cheese Dalio, digitized to spread boomer bullshit for eternity.
Are you gonna ask the Dalio LLM for advice on how to deal with the changing world order? Is his book gonna help you cope with the dollar going to shit?
He plays his fiddle while Rome burns like Nero, sitting on the stack he made selling us out. Replacing us with migrants. Profiting off the rise of China.
To him we're entering an anomaly because he's had it on easy mode his whole life. He surfed the biggest wealth creation wave in history, stealing from future generations, and now he wants to sell you a book detailing how he did it with his raw genius and transcendental meditation.
Nigga please.
I think it's kind of impossible to have a rock solid long term macro thesis rn. There's simply too many unknowns, too much path dependency, too many wildcards.
Let's take AI for example, most people understand that this is going to reduce employment. There's a lot of paths there though. Maybe your thesis is that's bad for the market because less money being plowed into 401ks. Valid thought but here come those wildcards, maybe the Fed gets in front of it, or maybe it's fiscal and new legislation aims to redirect some of the profit from the efficiency increase back towards the bottom half. Gov could step in and force a fix to unemployment, that grenades any thesis expecting a crash because of it. But as of now we really have no insight into how they would or really how willing they are to do these things.
Furthermore even if you're somehow correct on exactly what's going to happen, it can look very different in the charts based on when it happens. The same legislation, the same fixes could give a smooth landing or a crash first and then they step in. We just don't know.
I think what we need is some kind of moment that tells us clearly where the people in power are at on these things. Like when we had the 2023 banking crisis and it was clear the backstop was still in place. I think there will be a moment, some change that green lights risk again by signaling that they are not going to let the unemployed cohort crumble and they are going to step in whether Fed or fiscal to redistribute wealth.
Right now it's all uncertainty, we know Warsh is in favor of lower rates contrasted against a tighter balance sheet but we don't know what his stance will be when up against the wall of unemployment. We don't know what his stance is going to be when Trump gets on his back, we don't know what fiscal levers Trump may invent if he doesn't get his way through the Fed.
We just don't know.
@ustyianskyi@sharbel Very. I haven't used Chatgpt for months now. Since I deal more with research, I turn to @elfa_ai to filter noise and gather signal.
For image and videos, Nano banana and Grok work their magic
End of our first AI-assisted Trade Competition.
And a hidden experiment.
"History is not just written by the winners; it's written about them."
Our first AI-assisted Trade Competition has officially concluded.
Congratulations to our winners:
🥇 @edison0xyz (+387%) — $5,000
🥈 ww132b (+175%) — $3,000
🥉 4edstpjv (+102%) — $2,000
Now… where’s smurf (+324%) ?
Despite being top 3 on the leaderboard, it was an internal R&D experiment testing alternative signal conditions. Thus, ineligible for prizes. Smurf has performed exceedingly well and we're moving forward with it.
What’s next for Smurf?
Stay tuned 👀
INSIGHT: User retention doubles after first use of Ask Elfa.
We looked at the data.
When traders query the market with Elfa, retention increases by over 100%.
Our adoption is accelerating through word of mouth.
Elfa already powers most altcoin insights on CoinGecko, with more blue chip partnerships coming.
If you're someone who moves fast, now is the time.
Attending @consensus_hk?
DM @im_naynim or @hypetris_ to grab a coffee and find out more.
Prediction markets don’t all aggregate information the same way -
Sports bets accumulates volume early on and flattens near the end. While News market stay quiet and rise at the very last portion right before resolution.
Very different game (and edges) to play 👀
Bonus Event: Trading Volume.
We'll be rewarding the Weekly Top Volume User in the trading competition at the end of every week. Cumulative volume will be taken.
Want to know more?
Details below.
If you have spare, unused, useless, worthless $1000 lying around, and you're an irredeemable irrevocable gambling addict, why not try to participate in this trading competition starting next week to satiate your undying hunger of gambling your life savings away and get a chance to win 5K and since this is season 0, potentially something bigger in the future?
Today, 200+ new traders experienced the magic of AI-assisted trading for the first time.
Across all the feedback, one thing stood out clearly:
You're excited to become a sharper, more effective with Elfa by your side.
It’s time to put that edge to the test.
Sometimes you need to learn to fly before you can walk.
We are hosting our first AI-assisted trading competition.
Prize pool: $10,000
Start: 14 Jan 00:00hrs (UTC+8)
End: 10 Feb 23:59 (UTC+8)
Winning condition: Highest portfolio PnL % gain from start to finish
Everyone who signs up today will receive 10,000 free Ask Elfa credits (100x of the default) for the entire competition.
*Everyone else's credits will be limited from 14th onwards.
Test your skills against other Elfa traders.
Sign up below 👇