@spectatorindex I just leave it right here.
The number of people claiming for unemployment benefits in the UK increased by 135 thousand to 1.801 million in July 2024, following a revised 36.2 thousand rise in the previous month and well above market forecasts of a 14.5 thousand growth.
Stocks reversed around 11am. The 10-year auction wasn't announced until 1pm. By then, S&P500 had pulled all the way back to even and then the selling kept going from there; it was constant throughout.
Why the need to blame the auction?
🧵
@JeffSnider_EDU 2nd person able to point out the elephant in the room.
I have seen many tweets bitching about UST10Y auction result was a catastrophe because of tailed 3 pts, however the last result was 30 pts higher.
I was like WTF those idiots are talking about.
@TicTocTick Luckily I finally see someone able to point out the elephant in the room.
I have seen many tweets bitching about UST10Y auction result was a catastrophe because of tailed 3 pts, however the last result was 30 pts higher.
I was like WTF those idiots are talking about.
@dennisw5 @Dimi Dude, it's you who haven't see the big picture clear.
It is NOT US making China its enemy.
It is China making US as its nemesis since Mao.
https://t.co/kCp8VE4XQ9
Pentagon has reportedly made plans for hitting opponents with genetically engineered weapons. The genomic data of Asian Chinese, European Aryans and Middle Eastern Arabs all on a list to be collected by the US military.
@paul_scharre I have to say to the people who has this kind of concern, just think about a few years ago when the whole world was talking about crypto.
Compare this to the energy cost of those private crypto GPU farms around the world, this is nothing...