Hawks Circle As Soaring CPI Lifts The Dollar, Hammers Everything Else... AI Credit Cracks Wide-Open
...AI infra bulls (CRWV 63% odds of default) and Fed doves (50% odds of Oct hike) just got 'punched in the face'...
...AI infra bulls (CRWV 63% odds of default) and Fed doves (50% odds of Oct hike) just got 'punched in the face'...
Month of October sees at least 24 vessels attacked overall...
A 6% handle on the 20Y could force the futures market to manufacture the equivalent of $110 billion in new long-bond supply: "The last time the 20yr rate breached 6% was November 1999 - Good times."
They don't have 400 bad apples, your honor, they have a few bad apples and know who they are...
Eerily similar to the Evan Gershkovich saga...
...akin to awarding a Second Amendment prize to Gavin Newsom.
"Our best engineers leave for London, Zurich and San Francisco. And the rich you wanted to tax? They left too, and took the jobs with them."
The Fed's asset bubble has pushed household wealth beyond income growth, widened the wealth gap, and put decades of paper gains at risk...
" Pizza chains face an uphill battle as budget-conscious consumers eat out less and, when they do, increasingly favor chicken amid ..."
Things aren't looking very good for the original neoloud.
With a print above $65 billion already in the market for over two months, today's figure has to show the curve is still compounding toward $100 billion, or the "strength" narrative cracks.
There's barely enough transmission to run the grid today, let alone the future of mass electrification...
Mania, overinvestment, financial collapse, and recapitalized infrastructure - the same sequence that followed railroads, utilities, and dot-com fiber is now visible in AI data centers and chips...
Very ugly quarter: even after backing out the $1.2 billion fine, adjusted EPS of $1.08 still missed, while bond-trading revenue plunged 17% to the worst print among the big four banks (with equity sales and trading also a big miss).
"If you kept blowing refineries up around the world... we just don't have enough refining capacity to run the planet, period."
CVS also allegedly filled prescriptions from "pill mill" prescribers while ignoring red flags...
Equity investors sell on what a competitor might do. Bondholders get hurt by what management does in response...
