This is how most people misunderstand bears. They forget that I used the internet from its inception, launched my business from a web site in 1996, was one of the early Amazon resellers, and still called out the internet bubble publicly and shorted Amazon. Most people think in three dimensions or less. Bears think in six.
Labor force participation has fallen to 61.5% — the lowest since 2021, erasing the entire post-pandemic recovery.
Since Trump's inauguration, over a million people have left the job market — which explains part of the reason the unemployment rate dropped last month.
As consumers feel the pinch of inflation and stagnant wages, pawn shops offer an oasis. Learn more about what they offer nowadays including luxury goods.
https://t.co/QU7jqVu43P via @WSJ
Mark Cuban: OpenAI is shitting away their money. They'll never get a return on that trillion dollar spend.
"There's a lot of FUD being put out about the spending. We're going to spend a trillion dollars because we need all this data center capacity. Well, the data center, the ability to process is going to get faster, cheaper"
"I think a lot of the numbers that they're throwing out there aren't going to come to fruition, which is why I say they're full of shit"
"We don't know if the business of foundational models is going to be like the streaming industry where there's one leader and a bunch of players that make money, or some that make money at least, or search where there's effectively one company"
"So they need to raise all the money, go all in and spend everything they can, kiss all the rings around the world in hopes of being the one"
"It's going to be very difficult, but I don't think it's going to pay off the way they expect"
"They're pissing away the money at scale. It's hard to do, right? But if you don't go all in like that, you can't keep on raising money."
BREAKING: Global stock market cap is up to a record $166 trillion.
This marks a +$32 trillion YoY increase, or +23.6%, far above the long-term average.
Global markets have surged +$94 trillion, or +131%, since the 2020 pandemic low.
By comparison, the global equity market value has grown at a +7.0% compound annual growth rate (CAGR) over the last 20 years.
Meanwhile, as a % of global GDP, the global equity market cap is up to a record ~134%.
Global equities are in the midst of one of the most powerful rallies in history.