Independent thinking for complex markets and current events
Something about these wealth numbers is hard to ignore. Billionaire wealth jumped 16% in 2025 to a record $18.3 trillion. The world’s 12 richest people now hold more wealth than the bottom 4 billion people combined. Global personal wealth increased 10.8% last year. But the big question is where that wealth went. The gains were …
Trump openly admits he cares more about higher asset prices than regular people affording homes. Record high prices already crush young buyers and families while he pushes for more increases. Donald Trump on his housing affordability plan, in his own words:—"It's so unimportant"—"It's a big yawn"—"I don't think about Americans' financial situation"—"I don't want to …
This covers everything. Mortgages auto student and corporate debt all ready to blow. 2008 was small compared to what builds now. System too leveraged and one shock ends it. Private credit defaults and commercial real estate stress reports keep growing.
Everyone is focused on the rehearing request. I think that’s the least interesting part. Supreme Court rehearings are extraordinarily rare. Trump’s lawyers know that. So why file it? Because the legal battle and the political battle are no longer the same thing. The real argument was never whether Trump could sign an executive order. It …
Amazing!!!! That moment when Keir clenches his arse cheeks! 🍑 pic.twitter.com/5J9d4xggEy — HonestRED (@originaltreble) July 9, 2026 That look said everything. Trump cannot stand Starmer and neither can real Brits. Starmer destroyed the special relationship to chase Muslim votes and woke nonsense. Trump nailed the contempt perfectly while Starmer looked ready to wet himself.
No way to repay 40 trillion without destroying the dollar through inflation. Young people are screwed. Buy gold and hard assets now because the bill is coming due fast. First 9 months of FY2026 deficit hit nearly 1.4 trillion dollars. That beats the 1.3 trillion deficit from the same period last year. Borrowing pace means …
This is one of the stranger breakups in the AI race. Apple helped bring ChatGPT into its ecosystem. Now Apple is suing OpenAI and accusing the company of stealing trade secrets to build AI hardware. The lawsuit claims former Apple employees took confidential information related to unreleased products, hardware designs, and internal processes to help …
Something strange happened with Meta. Mark Zuckerberg admitted AI agents were not progressing as quickly as executives expected. The stock went up anyway. That is the kind of market reaction that makes people stop and ask what exactly investors are pricing in. Meta had spent months under pressure because investors were worried about the massive …
Scarlet Lady’s 2,000 passengers told of change as one of those onboard says they will ‘sparkle and spend elsewhere’ An LGBTQ+ cruise ship blocked from Turkish waters this week has been refused entry into Egypt. The Scarlet Lady’s 2,000 passengers, including the Broadway performer Patti LuPone, woke on Thursday morning to find a note placed …
Rogan is right. Trump campaigned hard against endless wars and endless foreign entanglements yet here we are in another one. Conservatives and regular Americans do not want this. It is a clear betrayal of what got him elected and it will cost Republicans big in 2028 if it keeps going. Joe Rogan criticized President Donald …
Gyms and streaming services make billions off people who forget or struggle to quit. This rule hits them where it hurts and puts money back in regular New Yorkers pockets. More cities need to copy this fast. BREAKING: Zohran Mamdani announces click-to-cancel rule for NYC. This rule is aimed at guaranteeing New Yorkers can cancel …
This is exactly why people voted to change everything. Every state leader who frees predators needs the same treatment and full investigation. Foreign national and convicted child rapist Tou Lue Vang was freed to endanger America’s children after receiving a pardon from Minnesota Governor Tim Walz just days before he was scheduled to be deported. …
These cops are completely out of control and need to be fired immediately with no suspension. They openly admit they will ticket Christians for speech but do nothing when activists offend kids. This is not America and it spreads if good officers stay silent. Fire every one involved and send a message that the Constitution …
EU forces spy tech in every new car from 2027 and America follows fast New cars in EU must include intelligent speed assistance that limits speed automatically. Alcohol interlocks and driver monitoring cameras come standard too. Data gets sent to insurance companies and authorities. Old cars face ethanol fuel damage right to repair blocks and …
More guilty pleas continue rolling out from the Feeding Our Future scandal in Minnesota. Investigators trace funds to real estate and overseas accounts. Public calls grow louder for deportation of all convicted fraudsters and full accountability from state officials who enabled it. Meet Fahima Mahamud:– Operated the largest government funded Learing Center in Minnesota, received …
One thing immediately stood out. This doesn’t look like Meta trying to beat Nvidia. It looks like Meta trying to escape dependence on Nvidia. Meta plans to spend up to $145 billion on AI infrastructure this year. Its first in house Iris AI chip enters production in September. The company wants to double computing capacity …
This is not copying it is adapting the idea into something lighter and potentially more efficient for their specific needs. The real story is that reusability is no longer one company’s secret it is becoming standard and different nations are solving it their own way. Watch the payload numbers and turnaround times next. BREAKING: For …
Zuckerberg pulls the same trick every few years make it public by default then act surprised when people freak out. Your photos become raw material for random strangers to make whatever AI garbage they want. Delete the app and go private or better yet quit the platform. They will keep doing this until users finally …
They load debt for dividends and dump it on new investors in the IPO. Classic private equity move ruin the product extract cash and leave the mess behind. Once great sandwich now feels like a scam. Jersey Mike’s sandwiches have shrunk dramatically. I just got one and was shocked how small it is. I looked …
A former Long Island nurse who raked in $1.5 million selling fake vaccine cards during the COVID-19 pandemic was slapped with a record-breaking $544,000 fine from the state. Ex-Amityville practitioner Julie DeVuono, 53, who pleaded guilty to forgery and money laundering back in 2023 was hit with the massive penalty for a “large-scale” scheme where …
Railroads left tracks that powered America for generations while AI chips get replaced every three years like fast fashion. Data centers will sit idle or get bailed out by governments because private revenue never covers the power bills. This is not infrastructure it is a surveillance grid funded by hype and debt. When the bubble …
Japan pension money heading home means less buying of US assets. Hindenburg Omens fire repeatedly but market laughs until it suddenly does not. Record leverage carry trade and policy mess equal violent unwind setup. S&P 500 CAPE ratio sits above 40 times a level only seen once before at the 2000 dot com peak. Earnings …
They take federal climate cash and turn it into overpriced concrete so connected companies and politicians get paid. California is a full blown cartel running the state like a racket. Taxpayers get screwed twice, once for the project and again for the fake environmental credits. San Bernardino spent $961,000 on Del Rosa Avenue sidewalk improvements. …
Vibe coding their own systems will end in bugs and security holes. They save money short term but create huge tech debt long term. Hardware stocks win if they ditch cloud and buy servers. Company builds own tools for inventory tracking and maintenance. Goal is to lower $400 million yearly software spend. Some new systems …
This is Japan forcing pension money home to stop yen collapse. Billions could flow out of US and global assets into Japanese markets. Yen carry trade unwind gets another push. Watch for bigger moves in currencies and bonds soon. Finance Minister Satsuki Katayama called for more investment in Japanese stocks and bonds. GPIF and other …
This is the canary in the coal mine for the whole credit market. Private credit was supposed to be safer than banks but defaults keep climbing. When easy refinancing ends the real pain starts. Watch for more blow ups in 2026 and 2027. Fitch reports U.S. private credit default rate at 6.0% for trailing twelve …
There will be no FA in these six states or US Assistant Attorney General (Civil Rights Division) Harmeet Dhillon will bring the FO hammer. —– IT’S OFFICIAL: Assistant AG Harmeet Dhillon is dispatching election monitors to 15 jurisdictions across SIX STATES for the coming 2026 primaries to prevent fraud, cheating and [ensure] fair access to …
Trump announces he will not sign the bipartisan housing affordability bill pic.twitter.com/qir0PehSAO — FactPost (@factpostnews) July 10, 2026 In earlier Truth Social posts, Trump dismissed the bill — officially called the 21st Century Road to Housing Act — as “of minor importance” and canceled a June White House signing ceremony, stipulating that he would only sign if Congress passed …
