Mark Tabrett

Co-founder @inginuiti - AI for Wall Street • Former oil & gas analyst

[Mark Tabrett @mrtabrett]

This is why there’s no UK productivity growth. There’s zero incentive for the most ambitious and productive people in society to work 18hr days and take risks when they’d basically earn the same per hour stacking shelves.

[max tempers @maxtempers]

In the past 25 years, Britain's pay differentials have collapsed. Everyone's earnings are bunched together within a smaller band. The top 10% now earn only three times as much as the bottom 10%. A quarter of the population earns within 10% of the minimum wage.

[Mark Tabrett @mrtabrett]

@MatthewFine0 @BenedictSm55625 @moving_charlie @alexgroundwater You can debate the headline but when there’s evidence supporting that official data is unreliable it’s reasonable to tell people 🤷🏻‍♂️ you’d have supported the article if the revisions were all higher

[Mark Tabrett @mrtabrett]

@John_Stepek Land of make believe by Bucks Fizz

[Mark Tabrett @mrtabrett]

@LondonMoneyFS @MatthewFine0 I have and luckily I thought of that so my analysis excludes the most recent 12 months 🤗 you’re all welcome

[Mark Tabrett @mrtabrett]

@ukhpinfo @BenedictSm55625 @moving_charlie @alexgroundwater Do you want a hug, Anthony? 🙃 you’re always so angry

[Mark Tabrett @mrtabrett]

@MatthewFine0 @BenedictSm55625 @moving_charlie @alexgroundwater The point is that of the last 24 releases where the “final” data revision has been made, every single one was down. It doesn’t include the latest 12 that are still being revised. Provisional figures shouldn’t always be revised one way.

[Mark Tabrett @mrtabrett]

Great article from @BenedictSm55625 digging in to the ONS’s monthly downward house price revisions👇🏼 well done again to the Telegraph for being the only MSM I’ve seen raising awareness of this problem.

[Benedict J Smith @BenedictSm55625]

Over the past two years, every single one of ONS’s monthly data releases for the UK-wide property market has been revised down 12 months later.

With thanks to @moving_charlie @alexgroundwater and @mrtabrett for highlighting this important subject.

https://t.co/7pQbe0VBuW

[Mark Tabrett @mrtabrett]

@moving_charlie True 😂 but they’re never going to willingly cut asking prices by 30% so not sure what they’re waiting for…The market will stay frozen until more buyers start making realistic/low offers.

[Mark Tabrett @mrtabrett]

@StealthQE4 “strong” = “beat consensus” no matter how bad the results look 🫠

[Mark Tabrett @mrtabrett]

@JibbaJabb I’ve learned from Twitter that almost nobody understands what demand actually is

[Shazi @ShaziGoalie]

🚨 THIS IS GETTING WORSE IN WHITBY.

A garage door supplier has now come forward under the video of the unfinished housing development.

They say they've had garage doors sitting in their warehouse for TWO YEARS, with some installation work still unpaid.

And here's the part nobody talks about.

When developers run into trouble, it's not just homeowners who suffer.

It's the trades. The subcontractors. The suppliers. The small businesses carrying unpaid bills and inventory they can't move.

The supplier says similar situations are happening elsewhere in the city.

This is how a housing downturn spreads through the economy.

The damage goes far beyond unfinished homes.

[Mark Tabrett @mrtabrett]

@FinanceLancelot Amateurs always think low P/E means today’s price is too low rather than forecast earnings are too high

[Mark Tabrett @mrtabrett]

@MortgageMikeN2 @PropIndEye I’ve arguably gotten worse abuse over predicting lower rents than the 50% house price crash 😅 landlords are not ready for this at all

[Mark Tabrett @mrtabrett]

@trevgoes4th It’s the reason I stopped analysing oil & gas. Everyone basically stopped investing in it overnight. So fucking stupid.

[Mark Tabrett @mrtabrett]

@FinanceLancelot @Sierra_Econ0001 “Without any legal mechanism to cut their losses.”

What losses? Company donates them, doesn’t affect your $5k allowance, potential upside and at worst goes to $0 🤷🏻‍♂️

[Mark Tabrett @mrtabrett]

AI is not going to replace everyone. It’s an amazing technology that will augment people. All of the companies that have announced massive layoffs will be rehiring in 2027 to fix the things that break.

[Frank Curzio @FrankCurzio]

It looks like the AI layoff boom has started to backfire.

I was just going through a Reuters investigation on Meta, and holy shit...

They drew up plans to cut some teams by as much as 60% and let AI agents do the work. THEN Zuckerberg called off the next round of layoffs hours before the first one even started.

And when you look at the numbers... they tell you why.

Engineers were pushing out 220% more code, BUT major technical and security incidents jumped 40%.

So people spent 70% more time putting out fires.

AI cranked out way more work, and humans spent way more time cleaning it up.

A different report I saw this week showed something similar.

32% of hiring managers said they brought back the exact jobs they cut for AI.

Think about how dumb that is. You fire people, pay a fortune for AI, then pay again to hire the same people back.

Look, I’m no AI bear. I use AI every single day.

It saves me a shit ton of time and I’m not going back. It’s an incredible tool.

But market forces are still market forces.

Every boom in history has been overhyped, and every CEO wanted to stand up and tell Wall Street he could do more with half the people.

Now from what I’m seeing, reality is kicking in.

It costs way more than they thought, it breaks shit, and you still need people who know what the hell they’re doing.

Even the AI companies are feeling it. Elon just cut Grok’s usage limits and admitted it costs more to run than it brings in.

I still think AI is a great bet, and I’m still buying the companies building the data centers. But you need balance, and the guys who went all in on firing everyone are learning that the hard way.

Be careful out there.

[Mark Tabrett @mrtabrett]

A perfect example of how money supply inflation has collapsed purchasing power

Nominal pay vs Real pay (inflation adjusted)

[Daily Baller Report @Baller_Report]

The NBA’s highest-paid player every season since 1996-97. Only seven names across 31 seasons.

Jordan made $33.1M in 1997-98. Nobody topped it until Curry in 2017-18 💰

[Kalshi Finance @Kalshi_Finance]

JUST IN: Meta scales back plans to replace staff with AI agents

[Mark Tabrett @mrtabrett]

@drsparwaga @LondonMoneyFS We’ve been in economic decline since 2003 and already consume less electricity per person than in 1968… maybe once we go back to rationing things will be fixed.