basilrice

[zerohedge @zerohedge]

We are entering the "I didn't really mean chips were going to infinity" phase on CNBC

[basilrice @basilchickenric]

@zerohedge Why focus on retails? Retails buy levered ETF and that translates into insti flow no?

[basilrice @basilchickenric]

@JavierBlas @opinion How does one even define “re-open” at this stage is the bigger question.

[Scrooge McDuck @ScroogeCap]

Oppenheimer brings out an interesting point here. If $GOOGL that prints massive FCF is tapping equity markets for $80B it's because credit is drying up. The private credit canary in the coal mine just died. The fact that their raise includes a massive $40B ATM and a $10B private placement to Berkshire Hathaway shows exactly how desperate the hunt for liquidity is becoming.

So who else is very exposed to the credit markets? $ORCL would be the first to come in mind, right? Name has rallied a ton here and suddenly looks like all the financing issues they have are forgotten. Their debt to equity is still over 5x.

$META is relentless in irrational spending. This might force Zucc to reevaluate his options here? Upgraded by Arete today btw.

Who needs to borrow a ton to keep the lights on? $EQIX and $DLR come to mind, 200MW datacenter costs 8 billion, certainly a hefty amount. But the biggest one of them all is none other than $CRWV, that rallied on $DELL yesterday, yet carries $21B of debt, including $8.5B delayed-draw term loan backed by GPUs.

[basilrice @basilchickenric]

@yieldsearcher Or just no toll for 60 days as a promise but whenever they wanna mine the strait they would? In exchange for something that US also folds on

[basilrice @basilchickenric]

@JavierBlas And IRGC will be called centre of ESG

[basilrice @basilchickenric]

@systematicls is it just a chinese thing or is it just a immigrant/expat thing...

[basilrice @basilchickenric]

@rev_cap Because supernormal profit for 1-2 firms is not common prosperity

[basilrice @basilchickenric]

@labubu_trader But as long as we know it heads into normal, market looks past that right ? It’s much less uncertainty.

[Benn Eifert 🥷🏴‍☠️ @bennpeifert]

Good morning my loves, happy Saturday. Sorry I've been quiet, obviously been busy, but thought it'd be nice to give you all the details on the multi-strategy absolute return program that experienced the 28% drawdown this year. (1/n)

[basilrice @basilchickenric]

@NormOrnstein What do u think is the odds of this happening ?

[Hao HONG 洪灝, CFA @HAOHONG_CFA]

Chinese KTV hostess starting to recommend stocks to clients. And she has her account balance to prove her stock-picking prowess.

Basically every man and his dog is long semi.

[basilrice @basilchickenric]

@Rory_Johnston Isn’t there demand destruction that eventually limits how much prices can rise?

[basilrice @basilchickenric]

@JavierBlas Why is it counter intuitive ?

[basilrice @basilchickenric]

@dampedspring It’s actually pure wordplay

[basilrice @basilchickenric]

@ShanghaiMacro the Iranians want a “never again” promise. Phase one deal is shaving away leverage to achieve that don’t u think ?

[Natasha Bertrand @NatashaBertrand]

Wow: A US special forces soldier involved in the capture of Venezuelan President Nicolas Maduro was arrested for allegedly betting on that operation, netting him $400,000 in profits, according to a person familiar with the matter. https://t.co/6mOYmrvwHG

[basilrice @basilchickenric]

@Nick09348805 @dampedspring you are assuming andy is long only EQ fund?

[basilrice @basilchickenric]

@HormuzLetter Wouldn’t u generally expect leaks when it comes to things like this? Literally their job to find “sources”, no? What’s the fuss.

[basilrice @basilchickenric]

@SouthAsiaIndex Source?