Nosy Neighbor

Passionate. Disciplined. Football; @ManUtd #mufc #PL

[Nosy Neighbor @c22a_]

A very nice breakdown of the economic times we are living and going to... very uncertain times in Europe too with same trend in the Eurostats that were released today! Inflation and recessions are inevitable this year for sure! The consumer is not rational anymore

[Bull Theory @BullTheoryio]

🚨 EVERYTHING THAT COULD GO WRONG FOR MARKETS WENT WRONG TODAY.

S&P 500 down -1.65%, wiping out $1.14 trillion.
Nasdaq down -2.60%, wiping out $1.11 trillion.
Gold down -3.38%, wiping out $1 trillion.
Silver down -6.9%, wiping out $280 billion.
Bitcoin down -6.31%, wiping out $80 billion.

In total $2.5 TRILLION wiped out in a single session. These were not isolated moves. Everything started breaking at the same time.

It started with the jobs report this morning.

The US economy added 172,000 jobs in May. Wall Street expected 88,000. That is almost double.

On any normal day, strong jobs is good news. But inflation is already at 3.8% and oil is sitting at $90. A labor market this strong tells the Fed it cannot cut interest rates and may actually need to raise them.

The probability of a rate hike this year went from 40% to 57% in a single day. That spooked every investor holding tech and growth stocks because higher rates mean those stocks are worth less today.

Then the AI trade started cracking.

Yesterday Broadcom reported record earnings: revenue up 48%, AI chip sales up 143% and the stock still crashed 12.6%. The reason was simple.

Broadcom did not raise its AI revenue targets for the year. Investors had expected it to. That single miss made people ask a question they had been avoiding for months: are we paying too much for AI stocks?

That question got louder today when a research firm called SemiAnalysis revealed that Nvidia's next-generation AI chips will need significantly less memory than everyone assumed, roughly half of what the market was pricing in.

Memory chips are what companies like SK Hynix and Samsung make. SK Hynix fell nearly 10% today. Samsung fell over 6%.

South Korea's entire stock market crashed 5.5% in a single session. Japan's semiconductor stocks did the same.

And then Anthropic added fuel to the fire by publishing a report warning that AI is getting close to the point where it can improve itself without human help and calling for a global pause in AI development.

Coming on the same day as the memory demand news and Broadcom's miss, it fed a single growing fear across the market: what if the AI boom is moving faster than the business models can keep up with?

Underneath all of this, there is a liquidity problem nobody is talking about.

SpaceX goes public next week at a $1.75 trillion valuation. Anthropic just filed to go public. OpenAI is next.

These three companies together are worth $4 to $5 trillion. Fund managers need cash to buy into these listings.

But cash levels are already at their lowest since early 2024. The only way to raise cash is to sell what they already own. That selling is happening right now.

The new Fed Chair Kevin Warsh will also hold his very first policy meeting in 11 days. He was appointed by Trump with the expectation of cutting rates.

He is now walking into a situation where inflation is high, oil is high, and the job market is running hot. Investors do not know what he will do.

When nobody knows what the most powerful central banker in the world will decide in less than two weeks, the safest move is to reduce risk today.

Everything that could go wrong, went wrong at the same time. A hot jobs report, a collapsing ceasefire, a crack in the AI trade, a trillion dollar liquidity drain, and a Fed meeting with no clear outcome.

[A.VICTOR @Lifeof_AG01]

The opposite of a nonchalant man is an affectionate man/a present man, not a “SIMP”

[Nandi 🤍💜🤍 @pallnandi]

Dating used to be two people building a life together. Now it feels like one person funding a lifestyle while being treated as easily replaceable.

[Nosy Neighbor @c22a_]

Today marks my 200th day since I swore not to taste alcohol again. Been a good run with elevated body fitness. Excited for more🙏🏼

[Larry Madowo @LarryMadowo]

OVERNIGHT: America gives Kenya $13.5m (Ksh1.7billion) for ‘Ebola preparedness efforts,’ as public outrage grows over planned U.S. quarantine facility.

After call with President Ruto, Secretary of State Rubio reiterates that U.S. priority is to prevent Ebola from getting there

[Bobo✨️ @wambuiiii3r]

Wewe ni newcomer hauna ata uniform

[Cinematic Eye 📽 @CinematicEye_]

No wonder why Huawei got banned in USA 🇺🇸

[Julians Amboko @AmbokoJH]

Should the taxpayer still bear the burden of proof in instances where a tax dispute with the Revenue Authority is based in pre-populated & third party data?

In my submission before the National Assembly's Finance & Planning Committee on behalf of the Tax Research Centre at @StrathU, I argue that Finance Bill 2026's proposals seeking to anchor Incomes & Expenses Validation in law will be incomplete if they do not include a proposal for the the Revenue Authority being saddled with the burden of proof in such instances.

Here's why:

· Finance Bill 2026 proposes to amend Sec75 of the Tax Procedures Act to provide that the Revenue Authority may use technology to pre-populate tax returns on behalf of a person required to submit or lodge a tax return

· Finance Bill 2026 further proposes that a person required to submit or lodge a tax return may rely on pre-populated return generated by the Revenue Authority to file their return

· Finance Bill 2026 proposes to amend Sec112 to provide that the Cabinet Secretary of the National Treasury may make Regulations for the procedure for the submission or lodging of returns based on pre-populated tax returns generated by the Revenue Authority

Here's where the problem is:

· In all this, Sec56(1) which provides that "In any proceedings, the burden shall be on the taxpayer to prove that a tax decision is incorrect" remains unchanged

· Sec56(1) is predicated on the fact that Kenya has been running on a self-assessment based regime & the data upon which tax disputes emerges was held by the taxpayer

· With Incomes & Expenses Validation & the onset of a Dual Assessment regime in Kenya, taxpayers are now exposed not just to errors of judgement & data on their part, but also errors of technology & transmission which are out of their control

· Can we really still have the burden of proof lying exclusively with the taxpayer in an environment where tax compliance has shifted from a function of record keeping to one where system integration reliability is now a key factor?

[Crazy Kennar @crazy_kennar]

ALGORITHM BE LIKE 😂😂😂😂

[Neil Renic @NC_Renic]

Need the Pope to release an encyclical against Teams calls

[karo miles @karo_miles]

How old is this baby man ?

[DOLL❤️ @renamitchy]

Unafocus tu kidogo, plus favour ya God, mambo inaanza tu kunyooka a good one. Lovely scenes.

[Nosy Neighbor @c22a_]

@ThePhDPlace @KipyatorMercy 🤭

[gids @gidikariuki]

Milango zikianza kufunguka, huwa zinafunguka tu fwaaaaa

We give thanks to the Most High

[Richard Oluwamayowa @Olaogun_]

Hello @LCFC

I’m Olaogun, a winger also played as a striker from Nigeria. I’ve spent the last 3 years training daily to get one shot at professional football.

I’m not asking for a contract. I’m asking for 7 days on trial to show you what I can do. If I’m not good enough, I’ll walk away with no hard feelings.

I’m fast, direct, and I work harder than anyone on the pitch.

My highlights are here: https://t.co/nD68FCLsMn

Thanks,
Olaogun
|

[the_ceo @the_ceo99]

Good men don’t leave easily. They stay and suffer longer than they should, hoping the woman they love will finally see their worth. Most never do.

[#𝐍𝐚𝐭𝐞 @RealNate08]

Ukitoka kanisa na career woman aingie supermarket a grab fanta na biscuits jua tu umeumia

[Nosy Neighbor @c22a_]

Being studied to treat:
-Obesity
-Type 2 Diabetes
-Knee Osteoarthritis
-Obstructive Sleep Apnea
-Fatty Liver Disease
-Chronic Lower Back Pain
-Cardiovascular & Renal Disease

This isn't just a weight loss drug. It's a metabolic reset button for the diseases of modern life.

[Nosy Neighbor @c22a_]

$LLY charts in stock market pulled me down a rabbit hole.

Ended up reading about retatrutide — Lilly's triple agonist (GIP + GLP-1 + glucagon) that just dropped Phase 3 data.
28% avg weight loss at 80 weeks; 30% at 104 weeks. 45% of patients lost >30 bodyweight.
A must read!!

[Nosy Neighbor @c22a_]

More Phase 3 data is coming — TRIUMPH-2 (obesity + type 2 diabetes) and TRIUMPH-3 (obesity + cardiovascular disease) results are expected later this year. The broader TRIUMPH program has enrolled more than 5k participants