I believe this but he forgot a key point
The banks don’t know what to do with all of these houses filled with squatters who stopped paying their mortgage because they can’t afford to take the losses on their balance sheet
They know if they foreclose they go bankrupt themselves
Back in May 2026, @mikemcglone11 and I predicted oil would collapse to $50 before $200
Nobody believed us.
Now were on the verge of a fuel shortage due to so much refining capacity being destroyed in Russia and the Middle East, which creates an oil glut
🦔A Nikkei investigation found that Alphabet, Microsoft, Amazon, Meta, and Oracle have $1.65 trillion in debt that doesn't appear on their balance sheets, more than the $1.35 trillion they officially report. These are GPU contracts, data center leases, and joint ventures that don't count as debt under accounting rules until the facilities go live. Meta's hidden debt is $420 billion, triple its reported debt. Oracle's grew 30-fold in four years. All five declined to comment.
My Take
Nikkei examined the actual filings and put a number on something the BIS already flagged as "shadow borrowing" back in March. These companies owe more off their balance sheets than on them, and the accounting rules let them keep it that way until the data centers go live. That's legal, but it means investors looking at quarterly earnings this week are seeing less than half the picture.
Four of these five report earnings in the next two weeks. The reported debt will look manageable. The $1.65 trillion in footnotes won't make the headlines. But when those data centers start operating, the leases hit the books all at once. If AI demand comes in below projections, those facilities get marked down and the losses land on the investors and insurance policyholders who funded the construction through private credit and project bonds without realizing how much total exposure they were carrying.
Hedgie🤗
@DevotedDividend The covered call ETFs are not sustainable. They may crash with the tech and AI. Whats your long term and tax efficient dividend portfolio to get to $200K a year?
The scenes after the final whistle of a final are supposed to be about pure emotions, not this. Argentina have genuinely ruined this sport.
https://t.co/TVVkPptXv8
:#Ar2Mundial🦎⚽️🏆: 🇦🇷
Disturbios en #Argentina y enfrentamientos tras la derrota en la final de la #FIFAWorldCup 2026.
Los odiados por el mundo tendrán que soportar.