This is absolute comedy.
The market was blood red today.
Then, an unattributed rumor was started on X that there was a consideration of 90-day tariff pause.
The market turned green.
Then, 5 minutes later, the White House denied the rumor.
The market became red again.
The Danish RW got their immigration policies adopted by mainstream parties with rigorous message discipline. Unified, persistent & respectable, it made it difficult for opposition to ignore them.
Instead, Reform offer Facebook Dad 'The WOKE won't like this' idiocy like this.
The bizarre Paddington over the top bear worship in the UK makes me think of this quote by a French priest:
"Leave a community without priests and within 20 years they'll worship animals"
“Let me get this straight, you can buy a burrito on an interest-free instalment plan?”
“That’s right, and we’re not even based in the Chipotle store.”
“So, you finance this by packaging the burrito instalment loans into Burrito CDO A, which has part of Burrito CDO B and both get put into Burrito CDO C?”
“Yeah. The original loans are backed by burritos. Chicke. Pork. Carne Asada. Whatever. But Burrito CDO C is a synthetic Burrito CDO. A CDO of Burrito CDOs.”
“Ok, let’s say we have an underlying pool of $10,000 in burritos. How much money could be out there betting on instalment loans and your synthetic burrito CDOs?”
“Probably $100,000,000.”
“C’mon! How much bigger is the market for burrito instalment loans than actual edible real-life cheesy burritos?”
“At least 100x.”
“That is fucking crazy.”
“No, it’s awesome.”
Today is a truly terrible day in the market.
Nvidia, $NVDA, is down 4%.
Microsoft, $MSFT, is down 3%.
Apple, $AAPL, is down 6%.
Google, $GOOGL, is down 5%.
Meta, $META, is down 5%.
Tesla, $TSLA, is down 10%.
Amazon, $AMZNm is down 3%.
The EU spent €21.9 billion on Russian oil & gas in the last year, 16% more than the €18.7 billion it gave Ukraine in financial aid for 2024, per the Guardian.
Built in 1750 and located in Kensington, the Churchill Arms stands as one of London's older pubs, steeped in charm and history. Churchill's grandparents were regular visitors at the pub, long before it was named in his honour after WWII.