Its the 2x leveraged single stock ETFs that will blow up first. Some of them off greater than -40% today and over -80% on a 1-month basis. Most are too small to do any systematic damage and probably mainly owned by retail. e.g. $MXLL $SNDU $AXTU
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Albert Einstein and Isaac Newton had an estimated IQ of 180-190. So Trump's IQ is a factor of 10X higher. The USA is truly blessed. 😉
Trump: "I'm among the highest IQ's in the world, 1775"!
Says the moron who finished 364th out of 366 grads from his class, proof why he's widely considered the absolute, dumbest president in history.
The idiot is clueless that a 1775 IQ is impossible!
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Lets @HLInvest learn from #IGG mistakes before its too late. Remove live qoutes and your business will be down the drain in months.
@HLInvest trading order platform has changed. Unfortunately for the worse. It is embarrasingly bad. Trying to make orders in small cap UK shares is awful no fills. The old system it worked 100 times better. May be an account transfer if this level of service keeps up! 🤬
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Could be talking about: AI circular financing, Private Equity/Credit, Trumpanomics or even Man City? 🤷♂️
"Financial shenanigans are, I feel like they're cyclical."
"You see the most shenanigans at the end, at the crest, as you're going over the apex."
Cameron Dawson on why accounting gets creative near the top of a boom, with Howard Schilit's Financial Shenanigans as her starting point.
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Trump wants to model the US economy on that of Turkey. Keep interest rates artificially low to stimulate growth and inflation. The bond market is certainly listening $TLT as are stocks $QQQ. His problem is that was not his mandate when he got elected. Main St. is already wrecked!
JUST IN: 🇺🇸 President Trump says inflation could pay down the $40 trillion US national debt "very rapidly."
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Nottingham University needs to sort itself out ASAP otherwise its reputation will be permenantly damaged. New students turning up to cancelled 9am lectures, just days after freshers week. Disgraceful!
Nottingham today. Everywhere tomorrow.
2,700 staff put at risk. 600+ jobs targeted. At least 48 courses facing closure.
What happens here sets the template for the sector. Stand with Nottingham.
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Triple lock -> double lock "rise at least by prices [inflation] or 2.5%" and will "hold its value relative to earnings over time". <- How? So no explicit link to wage inflation. Surprised UK bond markets not 🚀
If state pension is only source of income you will die in poverty.
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"Too big to fail". Now where have I heard that one before? 🤔
“.. One idea under discussion is insurance against losses on loans to upstart cloud computing companies, or “neoclouds”, if they default and the Nvidia chips pledged against their debt cannot be resold ..”
@FT $NVDA
ft.com/content/d6a9f5df-08d0…
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Serious question: Who trusts Anthropic (or OpenAI) with their own data? Industrial level IP theft and corporate hacker. 👇
🦔Someone is buying Japanese used books by the ton. Not novels or comics. Philosophy, history, medical law, Edo-period cultural texts. Multiple buyer accounts all ship to one logistics center in Okayama Prefecture that won't answer questions. Export records show over 50 tons, roughly 100,000 volumes, shipped to the US since last year. No buyer has been identified.
Separately, court documents confirmed Anthropic's "Project Panama" bought millions of books in the US, cut the spines off, scanned them, and shredded the originals. An internal memo said the goal was to "destructively scan all the books in the world." Similar operations have been reported across Europe.
My Take
Anthropic's US book operation came out in court filings earlier this year. Project Panama. Millions of books, cut the spines off, scanned, shredded. Their VP chose the codename so nobody outside the company would find out. That story broke and apparently the same operation just moved to Japan. Anonymous buyer accounts, a warehouse in Okayama that won't take questions, and 100,000 volumes of specialized academic texts that nobody buys to resell.
I don't know how you build a trillion-dollar industry on material you had to acquire in secret through middlemen because you knew the public would object. Authors spent years on those books and now they're fed through a scanner and thrown away so a chatbot can sound smarter. If the data was free to use, they wouldn't need codenames and anonymous warehouses. The lawsuits over who owns this material have barely begun and I think the copyright exposure across the whole AI industry is enormous. Anthropic's internal memo said the goal was every book in the world, which describes the foundation of the product.
Hedgie🤗
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Who to blame? (take your pick=> GFC, Brexit, COVID, Mini-budget (UK bond yield moron premium), AI, Iran-war,🍊, UK Government). Or a toxic brew of all the lot!
Or ... you could just blame the migrants.
The UK has gone mad.
A pint is £6.50
A coffee is £4
Takeaway for one is £25
Petrol is £1.73 a litre. Diesel is £1.97
An hour with a driving instructor is £50
A short taxi is £20
A week’s shop for one is £80
A cheap hotel night is £110
Rent is £1,459 a month as national average.
And this is my personal favourite.
£172 a month for my two kids to get the bus to and from school just fifteen minutes away.
Nothing fancy.
Just the prices.
You work.
They take.
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Enjoying Ed Croft's @edcroft regular weekly newsletter. Some great investor content and excellent summary of events of the week and lots of food for though regarding investments. Another reason to keep my @Stockopedia sub. 👍
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