BREAKING: The US Dollar now represents ~40% of global currency reserves, the lowest in at least 20 years. This percentage has declined -18 percentage points over the last 10 years. Over the same period, gold’s percentage has increased +12 points, to 28%, the highest since the

A bubble can’t be a bubble without a valuation extreme, and so far, we don’t have one (at least not for the major averages or the Mag 7).  We can argue about the quality of earnings given the circularity of vendor financing and the use of depreciation timelines, but to my eye at

Unrealized losses at Japan's regional banks are surging: Unrealized losses for Japanese regional banks on domestic bond holdings surged +$4 billion in Fiscal Q2 2025, ending September 30th, to a record $21.3 billion. This marks a 260% increase since March 2024, when the Bank of

"Every #recession since 1960 has been preceded by a material downturn in LEI/CEI ratio. Today’s reading is squarely in that danger zone. These charts show the Leading Economic Index (LEI) against the Coincident Economic Index (CEI). The current value (≈ 0.86) is: 1. One of the

It's a complete free-for-all in Japan. Japan's 10Y Note Yield just hit 1.92%, its highest level since July 2007. 10Y yields now up from -0.28% to +1.92% since 2019 as Japan prepares to raise rates into a $135 billion stimulus package. How long can Japan keep holding on?

Politicians are like “we’re going to fix this”

Yup

The biggest bubble popping is in Super Short-Term Options Over 302,000 of the $NVDA C200 Calls traded while the "Retail Investor" was chasing this morning Our Community sold into them

🤣🤣🤣

Well would you look at that Palantir CEO Alex Karp files to sell 585,000 shares of $PLTR for $95M

As for gold, it has held “round number” support at $4,000 and appears to be forming a large triangle. Meanwhile, the global money supply has continued to grow, which could continue to lend support to gold as an asset class. Looking at price momentum and Sharpe Ratios, we can see

Why are stocks falling? Because if you take the numbers in this chart seriously, the hyperscalers will hold at least $2.5 trillion in AI assets by the end of this decade. Assuming a depreciation rate of 20%, that would generate $500 billion in annual depreciation expense. This is

🚨BREAKING: The DOJ has RELEASED the Epstein Files.

OpenAI’s $500 Billion Valuation Has A 12-Person Auditor Problem The company building artificial general intelligence is audited by Fontanello, Duffield & Otake … a boutique firm with 12 employees designed for nonprofits. This matters because Michael Burry just exposed the

Jensen Huang, Ber Slayer

Credit traders are far less optimistic than stock analysts when it comes to Nvidia's figures. The price of hedging against an Oracle default (CDS price) has risen even further.

The Great Australian Dream is slipping and we all know it.. For anyone under 40, doing what previous generations did is getting harder every year and that should be the number one focus for every politician in the country.. Older Australians will be fine. They own their homes,

Every company listed below has suspicious revenue recognition. The actual chart with ALL the give-and-take deals would be unreadable. The future will regard this a picture of fraud, not a flywheel. True end demand is ridiculously small. Almost all customers are funded by their

The analog to the internet bubble days remains on track, with the S&P 500 now trading more or less where it was in mid-1999. As scary as that sounds, based on a variety of metrics we are still far from the excesses experienced 25 years ago.

The most likely outcome is that AI and robots make everyone wealthy. In fact, far wealthier than the richest person on Earth 👀 By this, I mean that people will have access to everything from medical care that is superhuman to games that are far more fun that what exists today.