Gold is getting dumped as yields surge... The war is far from over.
In a global sovereign debt crisis, rising yields aren't bearish for gold... They're bullish.
Because these high debt levels make high rates unsustainable.
In other words, higher yields in the short term will lead to artificially lower yields in the long run.
We don't own enough gold for what's coming.
Les comunico que el día lunes acudiré a las oficinas de la PROFEPA a denunciar formalmente la cobarde acción de la Junta Vecinal de Olinalá en San Pedro por repartir tablas con clavos para los osos. Es delito y ser rico no te da permiso de ser delincuente.
Breaking: Michael Burry exposes Oracle's accounting trick they've been using to inflate revenue
Burry claims "Oracle manufactured an extra 19% of revenue" through these steps:
1. A customer prepays Oracle $10B today for cloud capacity to be delivered 3 to 5 years from now
2. Oracle books that as an $11.9B contract liability, accreting interest at 6% over the wait
3. When Oracle finally delivers the capacity, it recognizes the full $11.9B as cloud infrastructure revenue against the original $10B
4. The extra $1.9B becomes revenue for capacity that was never used and work that was never performed
This would be bad news for $ORCL investors if true
BREAKING: Oracle stock, $ORCL, falls -5% after declaring "force majeure" on a massive data center being built in New Mexico.
Oracle has reportedly made the move in order to shield itself from rapidly rising expenses on the project.
🔴Personal del hotel Decameron Los Cocos habría retirado a bañistas de una zona de playa pública en Bucerías, Bahía de Banderas.
Según la denuncia, un trabajador quitó una red de voleibol y aseguró que el área era privada.