Alastair

[zerohedge @zerohedge]

Ringing The Bell: Meta Plunges On Report It May Sell "Tens Of Billions" In New Stock https://t.co/k6bw7rW7LD

[zerohedge @zerohedge]

Dealer gamma just went negative

[Alastair @StockBoardAsset]

Critical for Bitcoin $60k

[Peter Berezin @PeterBerezinBCA]

Prediction: In 10 years, data centers will be as common as gas stations are today, with roughly the same profit margins.

[zerohedge @zerohedge]

Gold managed a modest bounce after today's daily de-escalation headline, but remains bounded by the descending trendline. Unclear if EM central banks are still selling, but dollar strength and rising real yields remain an obstacle for a rebound.

[Elon Musk @elonmusk]

Yup

[Saggezza Eterna @FinalTelegraph]

Bernie Sanders is an economically illiterate parasite. His Marxist agenda guarantees total poverty. Forcing Medicare for All destroys private coverage for 150 million Americans and costs 32 trillion dollars. His psychotic demand to halt AI data centers directly surrenders global dominance to China. Pathetic Democrats want to crush American innovation and steal your wealth to fund their totalitarian utopia. We will ruthlessly obliterate this diseased communist ideology.

[Cullen Roche @cullenroche]

This isn't my view at all. We're in a two phase AI build out. Phase 1 looks inflationary because the build out causes harsh bottlenecks as we scale super fast and wealth effects impact market prices.

Phase 2 is the legacy of Phase 1s build out. It will result in a supply side boom when robots are making things 24/7 and unit labor costs collapse. This is hugely disinflationary in the long run.

We're still in Phase 1, but Phase 2 is coming. It's not if, it's when.

[Arthur MacWaters @ArthurMacwaters]

America is unironically the greatest civilization to ever exist.

On every axis.

And it’s worth celebrating with all the zeal and love of this old Coca Cola commercial 🇺🇸🇺🇸🇺🇸

[zerohedge @zerohedge]

Over three years ago, we said AI will lead to 300 million layoffs in US and Europe. Some laughed. They aren't laughing now

[∿ @somewheresy]

DEI stands for Datacenter, Electricity and Infrastructure now

[zerohedge @zerohedge]

Hyperscaler Free Cash Flow going negative for at least the next two years

[zerohedge @zerohedge]

Probably nothing: 30Y high yield >5% for the first time since... the great quant crash of August 2007 that culminated in the GFC

[Melissa Chen @MsMelChen]

As Trump heads to China to meet Xi, it’s time for a reality check on the Chinese economy.

We’ve endured years of breathless talk about the “Asian century” and China’s inexorable rise. Elites couldn’t stop praising the “China model” with its state-led efficiency, gleaming infrastructure, and unstoppable momentum. That narrative has aged disastrously. So much so all the old pro-engagement business leaders have begun changing their tune to save face (Dimon, Dalio et al.)

Even with reported 5% annual growth, China is not closing the gap with the US in nominal USD terms. Its GDP as a share of America’s peaked at 78% in 2021 and has fallen to just 64% in 2024.

Yes the renminbi’s sharp depreciation against the dollar is true, but it begs the question of why did the currency weaken enough to slash China’s relative GDP by 14 percentage points in three years? Currency collapse is not a sign of strength. The RMB has recovered some ground over the past 18 months, yet deflation and chronic overcapacity will cap any sustained rally.

With PPP adjustments, the gap closes but the US is still richer than China. Don’t listen to the blackpillers saying the US is collapsing or the “dollar dominance is ending.” Both countries have debt problems but China knows how to creatively hide it.

Markets tell the starkest truth. US equities (S&P 500) have surged from ~$45 trillion in 2021 to $55–60 trillion. Chinese indices (CSI 300 + Hang Seng) have slid from ~$13 trillion at their peak to around $10 trillion. If this were just a currency story, America’s market values wouldn’t be booming while China’s shrank in absolute terms.

The bottom line: China’s slowdown is structural. America is in much better shape and barring some epic self-cucking, the US should still be dominant

[RBe @RBPundit]

Democrats would not be talking about ways to destroy the Virginia Supreme Court if they thought they had a good chance to take back the House.

It's 4 seats. They're going nuclear over 4 seats.

[Stephen Miller @StephenM]

Be unapologetically pro-civilization.

[zerohedge @zerohedge]

"Banks Are Choking": The AI Debt Bubble Has Started To Burst https://t.co/fhQRqCtPYt

[zerohedge @zerohedge]

*MNUCHIN: IF WE GO INTO A RECESSION, WILL HAVE 1% RATES

[Arthur MacWaters @ArthurMacwaters]

Western civilization is awesome, actually

[Alastair @StockBoardAsset]

https://t.co/KQhZxtvXcH