BESSENT, one month ago:
β.. 2025 was about setting the table. 2026 is going to be a banquet for the American people. The economy is taking off.β
@CNBC
π¨ Do you understand what JPMorgan just said in plain English..
Stop scrolling and read..
$40 to $150 billion in loans.. the ones that funded companies that hired humans to do jobs.. are about to blow up because AI is replacing the humans that generated the revenue that paid back the loans
read that again..
> AI replaced the workers.. the companies made less money from human labor.. the loans backing those companies can't get repaid.. and now the financial products built on top of those loans are about to collapse
this is the chain nobody's connecting..
> AI takes your job.. your company's revenue model changes.. the debt that funded your company breaks.. the CLO holding that debt cracks.. and the pension fund that bought that CLO.. that's your retirement
it went from "AI will take some jobs" to "AI might collapse the credit market" in about... 18 months yeah.. or less
2008 was banks gambling on houses.. 2026 is banks gambling on humans still having jobs. and they're losing that bet...
The oil curve is now pricing in a far more extended oil shock than what we saw in '22. Dec contracts now pricing oil 40% higher to end '26 relative to the 60 bucks to start the year.
π’οΈ βSHIPS PASSING THROUGH THE STRAIT OF HORMUZ
π’ Feb 25 β π’ 135
π’ Feb 26 β π’ 132
π’ Feb 27 β π’ 128
π Feb 28 β π’ 98
π Mar 1 β π’ 18
π Mar 2 β π’ 7
π΄ Mar 3 β π’ 2
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ββ’ Average normal traffic: 130β150 ships/day
β’ Current status: Waterway effectively under blockade; majority of transits are "dark" or shadow fleet.