"Retail momentum stocks and crypto are still way below the recent peaks, though both have recovered from the recent lows"
The result is a managed price war in slow motion...
The bank - which has been instrumental in raising much of this debt - is getting rather concerned about the feasibility of raising the hundreds of billions more needed for the AI cycle to succeed.
"Already-stretched speculative length means..."
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"Once you get a failure to deliver, you will get a Mad Max scenario..."
Porsche shares were up more than 5%, Mercedes-Benz and Volvo Car gained nearly 4%, Renault rose 3.3%, and Stellantis climbed around 2.7% after an 8% rally the previous day.
America’s great build-out will test the limits of labour supply, material availability, and monetary policy flexibility...
AI demands are challenging ‘climate change orthodoxy’...
Security fears are growing ahead of February’s Winter Olympics as Milan ranks last nationally for safety indicators...
A "professional certification" system...
This new group might foster a stronger sense of shared regional identity among its members than the one that they share with Russia...

The European Central Bank has refused to backstop a €140bn payment to Ukraine, dealing a blow to an EU plan to raise a “reparations loan” backed by frozen Russian assets, the FT reported.
German authorities are investigating whether the transport was targeted, as the defense ministry confirms that contractors ignored security rules...
Obama told White House aides that it "turns out I'm really good at killing people. Didn't know that was gonna be a strong suit of mine."



































