@MYC_NETWORK Clowns 🤡 they all hating but steady takin notes 😂 if they were fucking with MYC their portfolios would be looking real nice right about now 🤷🏽♂️#MYC#ODDAPP#MYCODDAPP#REACT
@MYC_NETWORK One of the many reasons these plebs should join ODD APP, Dion actually knows what he is talking about and can provide profuse knowledge about the crypto sector. That alone is a 100x 💯🔥
🚨BUFFETT JUST GAVE A SERIOUS WARNING:
HE SAID GOVERNMENTS ALWAYS DESTROY THEIR OWN MONEY AND US POLICY SCARES HIM!
🇯🇵 NOW BERKSHIRE IS MOVING $348B INTO JAPANESE YEN.
THE MAN WHO NEVER PANICS IS PREPARING FOR A DOLLAR FALL...
History will be made by the traders with enough liquid to buy the bottom of the yen
Entire movies will be made over this global trade. Idc who gets it but I called it in 2022
Itll be the biggest FX trade and larger trade than fucking soros when he broke the bank of England
@shanaka86 What does this mean for the US?
If Japan stops lending cheap money…
•Borrowing gets more expensive
• Paying our debt costs more
• Stocks & housing may cool
• Economy could slow
For years the US borrowed like money was endless.
Now the lender wants it back
THE CHART THAT SHOULD TERRIFY EVERY PORTFOLIO MANAGER ON EARTH
Japan’s 10 Year Government Bond Yield just hit 1.84%.
The highest since April 2008.
Up 11.19% in a single session.
You need to understand what this means.
For three decades, Japan was the anchor. Zero rates. Infinite liquidity. The foundation upon which global carry trades were built. Trillions borrowed in yen, deployed into US Treasuries, European bonds, emerging market debt, risk assets everywhere.
That anchor is now breaking.
The Bank of Japan held rates negative while every other central bank tightened. They defended yield curve control while inflation returned. They printed while others drained.
They cannot hold the line anymore.
Japanese institutions hold approximately $1.1 trillion in US Treasury securities. The largest foreign position. When domestic yields rise from nothing to nearly 2%, the math changes. Capital that flowed outward for decades faces pressure to repatriate.
This happens precisely as the Federal Reserve terminates QT. Precisely as the US Treasury requires record issuance to finance $1.8 trillion deficits. Precisely as interest on American debt exceeds $1 trillion annually.
Two of the three largest buyers of US government debt are stepping back simultaneously.
The third largest buyer is China.
When the world’s creditor nations stop funding the world’s debtor nations at artificially suppressed rates, the entire post-2008 financial architecture must reprice.
Every duration bet. Every leveraged position. Every assumption about perpetually falling rates.
This is not a Japanese story.
This is the global story.
The 30 year bond bull market ended. Most just have not realized it yet.
Sylvester Stallone said iconic Rocky steps scene was shot quickly “before the police” arrived.
“I wasn't even thinking about steps. We didn't have any money to shoot there”
"I just got out of the car, I said, 'Let me just run up steps, get a shot of it.
Burry is the investor who correctly called the housing crisis (The Big Short was about him.)
To explain what Burry is saying here:
When companies announce earnings, they do not just announce revenues or profits.
They also have to subtract the depreciation and amortization of their assets -- meaning, what they own that has lost value over the previous 3 months or year because it's old or outdated.
Burry is saying that tech companies are making their earnings look bigger by refusing to subtract the depreciation of their assets correctly.
For instance, the chips used in AI are good for about two (2) years. Then, inevitably, they lose value because faster chips get invented.
The way tech giants are accounting for their giant chip purchases, they're saying that those chips will last double or triple the time -- four years, or even 6 years according the chart below.
This means the tech giants are subtracting less risk from ageing chips to make it look like they're keeping more of their revenues over time. That misstates their financial position and misleads investors.
It's a big allegation because these companies are spending *billions of dollars* on these chips.
The best you can ever be is yourself and sometimes being yourself can be so Great it can intimidate others into their own shells.
You gotta be aware of your own Greatness. Because when you are some people will try to circumvent a way to shove your shine into a hole 🧵