Idea: all countries agree to tax the richest 100 people in the world 10% of their wealth. 700 billion dollar peoples health fund created. They hire the best tax auditors to work for the fund. Cheat and you pay 20% 100 people fund health for the world. And they get a statue!

Fraud is inevitable in the dark. I bring light.

The US currently has 344 data centers facing delays due to failed additional funding, inability to connect to the grid, or delays on power infrastructure. A list of the top 50 with ABS tied to $NVDA chips, indicating warehoused GPUs. Force Majeure The current delay for power infrastructure to these data centers is 5-7 years. $ORCL $META $MSFT $GOOG $CRWV $NBIS

Short selling is perniciously perilous. Market timing is garishly garrulous. Ignorance is bliss. Still, one can learn something new every day. This is new.

Like seriously there are 6.3 million people in the state of Missouri, approximately 4 million of whom are eligible to run for the U.S. Senate. I don't care which party it votes for; it can certainly do better than this douchebag.

Jensen Huang begins to admit that Nvidia $NVDA chips are possibly losing value faster than what has been disclosed in ABS, or at least that lenders aren’t buying the story anymore; turns to insurers in hopes of creating a new insurance product to protect pensions and firms holding $CRWV $NBIS $ORCL $IREN debt from getting wiped out when Neo-Clouds declare bankruptcy and GPUs don’t have promised value made in ABS agreements. NVDA turns to insurers as a means to buy insurance against future Neo-cloud loans that could be facing severe risk of default. “Nvidia has held early-stage talks with insurers (and is working with broker Howden Re) on structures that would insure loans to smaller “neocloud” companies” The problem those loans have: the collateral is Nvidia chips. GPUs lose value fast as new generations ship. If a neocloud defaults and the used chips cannot be resold for enough to cover the debt, the lender takes a loss. Insurance would sit in front of that shortfall. Nvidia has already shared depreciation curves and expected future compute-value data with at least one insurer. The structures being discussed are not limited to traditional insurance balance sheets. The idea is that insurance groups could syndicate the risk onward to hedge funds and other alternative capital $CRWV $IREN $NBIS ft.com/content/d6a9f5df-08d0…

So apparently, circular financing deals aren't helping Nvidia's stock anymore, and neither are press releases about GPUs being approved for sale to China. In what looks like a last hurrah, Jensen asked the board to approve an aggressive buyback program, bigger than anything Tim Cook's Apple has ever announced. Nvidia has released a plan to execute a total of $235 billion in buybacks through FY28. That's six quarters, or roughly $40 billion per quarter. Even if Nvidia doesn't end up using the full plan, it shows Jensen is ready to use whatever it has to support its stock. Will he succeed? Nvidia has over $279 billion in commitments as of July 26, 2026 (and that number will probably grow a lot more). Nvidia repurchased only $40 billion in FY26. Last quarter alone, it repurchased $20 billion. Dividends: around $12 billion. Free cash flow last quarter: $21.34 billion. A $40 billion quarterly buyback pace is nearly double last quarter's free cash flow, before dividends and before a single dollar of those commitments. On top of that, Nvidia needs more cash to support its SPVs (the neoclouds), Oracle and the labs. Jensen is going to fight with everything he has, and the market should be ready for more debt raising, and maybe even an equity offering, from Nvidia.

Mr Mikel

Mañana de domingo ejerciendo responsabilidad democrática. Manifestación en contra de la planta grande de biogás prevista para Colmenar Viejo. Sin planificación ni coordinación con otros proyectos. En contra de todos. Un gobierno municipal entrampado en un oscuro negocio. Sigamos

I love the part Larry Ellison lied to everyone’s face about RPO conversion while registering a $7.5 billion share sale and becoming the first company since Enron to use “Customer Pre-Payments with a Significant Financing Component” to hide Operating Cash Flow problems at Oracle $ORCL

Got something pretty special for you today: there’s no one like Raphinha right now. Here he is theguardian.com/football/202…

Morningstar - $ORCL likely to receive credit downgrade to junk on expectations for $25 billion of lost revenue on Stargate delay. “We think the market’s reaction does not fully represent the downside of an actual delay that would hurt Oracle’s long-term revenue guidance. The stock could see another selloff if data center delays start to affect Oracle’s performance at the company level.” global.morningstar.com/en-ca…

$ORCL set to destroy every data center bond in the world today and probably bankrupt Neo-clouds after showing that contingencies on data center delays listed within bonds are meaningless. The whole Ai bond system just failed. $NBIS $CRWV

Let’s talk about Oracle: Oracle’s credit selloff is increasingly becoming a fundamental financing story. 124.5bn of fixed-rate debt carries 6.1bn of annual coupons, but repricing the stack at today’s curve implies 9.0bn nearly 3bn higher. More realistically, if current funding costs persist, refinancing 2027–36 maturities could add 1.1bn to annual interest expense, compress net margin 130bp to 25.3% and reduce EBITDA/interest coverage from 6.8x to 5.7x. With elevated capex, negative FCF and Oracle’s curve now 100bp wide of BBB on a maturity-weighted basis, the risk is a feedback loop: weaker FCF, greater financing needs, higher interest expense, weaker coverage and profitability.

Breaking: Michael Burry exposes Oracle's accounting trick they've been using to inflate revenue Burry claims "Oracle manufactured an extra 19% of revenue" through these steps: 1. A customer prepays Oracle $10B today for cloud capacity to be delivered 3 to 5 years from now 2. Oracle books that as an $11.9B contract liability, accreting interest at 6% over the wait 3. When Oracle finally delivers the capacity, it recognizes the full $11.9B as cloud infrastructure revenue against the original $10B 4. The extra $1.9B becomes revenue for capacity that was never used and work that was never performed This would be bad news for $ORCL investors if true

New post, a long one. Deep forensic dive on $MSFT, $GOOG, $ORCL, $META, $AMZN with CU Universe stock rankings and the return of the fat pitches AICT Composite Value Map. michaeljburry.substack.com/p…

“Regarding memory chips—which have seen the sharpest price surges this year—Chen observed that while many industry players continue to publicly predict price increases extending through the end of next year, the reality is that inventories are actually overflowing. Suppliers from mainland China are flooding the market with volume, acting as price disruptors; as for this period of price volatility, "those in the know understand the situation."” Acer CEO says memory chip supply is rising. Remember the shortage in normal RAM was created by repurposing for HDM but now the production for normal RAM is ramping up - as it always does . money.udn.com/money/story/56…

Everything.

60% APR on your EV paid in USDT, on MEXC.

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I like to think this fan guide simply says: “San Sebastian is bloody brilliant, have a nice time”