No Turn

Glad to be sad
@lepronoc

[Cassandra Unchained @michaeljburry]

Understating depreciation by extending useful life of assets artificially boosts earnings -one of the more common frauds of the modern era.

Massively ramping capex through purchase of Nvidia chips/servers on a 2-3 yr product cycle should not result in the extension of useful lives of compute equipment.

Yet this is exactly what all the hyperscalers have done. By my estimates they will understate depreciation by $176 billion 2026-2028.

By 2028, ORCL will overstate earnings 26.9%, META by 20.8%, etc. But it gets worse. More detail coming November 25th. Stay tuned.

[No Turn @lepronoc]

@michele_geraci @robin_j_brooks Based

[No Turn @lepronoc]

@steve_alarm @SantiagoAuFund Yeah, we have some good experience, and ready for the "event"

[No Turn @lepronoc]

@concodanomics

[No Turn @lepronoc]

@calvinfroedge We sure are.

[Edward Dowd @DowdEdward]

This needs to be said now and I will be attacked. I have no proof so it’s a literal conspiracy theory but bears watching with eagle eyes.

Conjecture: If I were in the shadows and had an agenda of ushering in a reset to control the end of the current ponzi debt based fiat system with a CBDC and a surveillance state I would need to tame and bridle the populist/maga movement. I would abandon the useful idiots on the left and embrace the right and infiltrate and bribe my way to my agenda under the cover of a “win.”

If Trump ends up in office, and we observe personnel choices or actions that strip any of our liberties away under contrived circumstances, we will know then the above theory has some merit.

Clearly the current cult regime must go. But be on alert for a new cult and hidden agendas that may come to pass.

I have a personal fear that the Covid vaccine poisoning will be memory holed.

[No Turn @lepronoc]

@elonmusk Hello, Elon. Did you know that FED net losses From QE are above $180 bn as of july? There are sitting on unrealized losses around $1 trillion.

[No Turn @lepronoc]

@calvinfroedge Classic movies, sadly absolutely ignored outside Russia.

[No Turn @lepronoc]

@Brad_Setser @threadreaderapp unroll

[No Turn @lepronoc]

@BurggrabenH @pedro_loftus @UrbanKaoboy Southern federal district, 4 days ago, reserves revision

[No Turn @lepronoc]

@PrisonPlanet Дмитрий Анатольевич выдает базу в режиме нон-стоп

[Dmitry Medvedev @MedvedevRussiaE]

On the New Year’s Eve, everybody’s into making predictions

Many come up with futuristic hypotheses, as if competing to single out the wildest, and even the most absurd ones.

Here’s our humble contribution.

What can happen in 2023:

[No Turn @lepronoc]

@MacroAlf @threadreaderapp unroll

[No Turn @lepronoc]

@TonyZhelonkin Предатель, не нужен ты там никому.

[No Turn @lepronoc]

@helmutm31020062 @calvinfroedge https://t.co/93uMujUNnz

wiki lol

[No Turn @lepronoc]

@AndreasSteno )) real gas station country nowdays is US
https://t.co/NVm2RN3DuW

[No Turn @lepronoc]

@AndreasSteno Really sad for American pension funds like PIMCO, go sue Euroclear lol. Default of western financial system -- that's case here.

[No Turn @lepronoc]

@michaeljburry Michael c'mon it's time... Russia is waiting for you.

[Президент России @KremlinRussia]

Президент провёл совещание с постоянными членами Совета безопасности https://t.co/ovedz033i2