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Pure speculation on liquidity. Nothing to do with utility. And that's the problem.
Bitcoin ETF approval directly into Bitcoin halving there is no excuse to be sidelined waiting for a 10% better entry do not overthink this
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Why not $80,000?
🚀 Ether could reach $8,000 by end-2026, says Standard Chartered Bank Full Story → theblock.co/post/255860/ethe…
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The employment market, not politicians, decides on the "parity of esteem" between qualifications.
Sunak proposes big reform to 16-19 year-old education. A-Levels and T-Levels will be abolished and replaced with a new “Advanced British Standard”, consisting of five different subjects and ending any perceived inferiority of technical versus academic study. Details: “We will introduce the new rigorous, knowledge rich Advanced British Standard… …which will bring together A-Levels and T-Levels into a new, single qualification for our school leavers. First, this will finally deliver on the promise of parity of esteem between academic and technical education. Because ALL students will sit the Advanced British Standard. Second, we will raise the floor, ensuring that our children leave school literate and numerate. Because with the Advanced British Standard ALL students will study some form of English and maths to 18, with extra help for those who struggle most. In our country no child should be left behind.”
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We are being played for fools.
Menghua Railway, China’s LONGEST coal transporting railway line, is expected to be put in operation in Oct. The 1,837-km railway will carry 200 million tonnes of coal annually from N China's Inner Mongolia to E China's Jiangxi.
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Has to be on the payroll. Surely.
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New AI applications feel like borderline magic. But struggling to see how companies developing them will retain any proprietary commercial advantage. Base assumption is that all these models will commoditize, and quickly.
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Let them eat CPI* *excludes food
An inflation update: in the past I've focused on a measure that excludes lagging shelter and used cars as well as food and energy. Just to note that it adds to the evidence that inflation has been largely defeated
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Always conspicuous that the excitement around Bitcoin relates to liquidity-fueled demand and resultant price action (measured in USD) rather than actual utility.
Another major asset manager just applied for a spot #Bitcoin ETF. Franklin Templeton has $1.5 Trillion AUM. Big money demands access to spot Bitcoin. Risk reward has never been better than right now. $26K per coin is a JOKE. It's going up forever, Laura.
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A more serious actor would have used this trip as a fact-finding mission and concluded that we're not in the least bit prepared for mass EV adoption. Instead we just get foregone conclusion narrative push. So depressing.
Energy Secretary Granholm recently took 4-day EV caravan trip across the southeast to "draw attention to the billions of dollars the White House is pouring into green energy and clean cars." What happened next is like a scene out of VEEP:
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Not satisfied with absurdly generous entitlements, the geriatrics want to retain political power too.
US Congressional members by age 📈
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COP28 will be attended by “over 140 heads of state, senior government leaders, [and] over 70,000 participants." Pure grift.
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Question: If nuclear is "part of the solution" for net zero, what is it about nuclear that doesn't make it "all of the solution"?
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"we'll make it up on volume"
I was shocked when I saw this chart. The speed and aggressiveness with which $TSLA is cutting prices is the way to beat the End Boss. (Rapidly increasing price affordability) x (constantly improving hardware and software) = super maximized market demand This is a lethal combination which we haven’t seen play out in any modern market before. Some companies cut prices, but most keep prices flat or increase them. Some companies improve products quickly. But no one has actually given you more for less on such a big ticket purchase so frequently.
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Lots of excitement about this but, if viable, Jevons Paradox will almost certainly assert itself... Reduced fuel consumption will just result in higher operating speeds in an industry where time is money.
The Pyxis Ocean, a 230m bulk carrier, is heading to Brazil, partly powered by the wind, in an experiment that the shipping company Cargill hopes will be proof of principle for a new kind of vessel thetimes.co.uk/article/new-s…
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Effective way to tame supply too.
JUST IN: Argentina sets grocery price controls for 90 days to tame inflation, per Reuters.
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Findicate retweeted
Interesting color from Ares Capital's recent earnings call - they see "no evidance" of recession. ARCC is the largest BDC - which are basically publically traded credit funds focusing on middle and lower middle market companies.
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55,500
?!
Failed German defence minister being pushed as NATO boss. You couldn’t make it up!🤡 telegraph.co.uk/world-news/2…
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65k followers.
Rumors of a possible military coup in #France . That would be something. In any case, the plan of the globalists is backfiring. So, a massive escalation is needed to put it back on track. Be prepared for a major false flag within the next 2-3mo.
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