Everyone sees the train coming, but no one wants to leave the tracks.
We are living in the largest Bubble ever.
It is insane (….and it will burst)!
Market Capitalization to GDP:
Long-term average: 88%
Typical historical range: 70% – 115%Peak before Great Depression (1929): 81%
Peak Dot-com Bubble (2000): 136%
Peak before Great Financial…— Henrik Zeberg (@HenrikZeberg) July 27, 2025
The market is currently in full short squeeze mania, similar to what we saw in 2020 during the $GME episode.
This Goldman Sachs chart shows the 1-month returns of the Hi/Lo Short Interest Pair (GSPUWSHI Index), essentially tracking the performance spread between the most shorted… pic.twitter.com/ZNgv0ADZpq
— THE SHORT BEAR (@TheShortBear) July 27, 2025
Total Margin Debt as a percent of M2 @BobEUnlimited @Dr_Gingerballs pic.twitter.com/xrjKLDYWkC
— Michael J. Kramer (@MichaelMOTTCM) July 26, 2025
To continue, these are not railroads (century-long infrastructure). AI DC’s are short-lived, asset-intensive facilities riding declining-cost technology curves, requiring frequent hardware replacement to preserve margins.
Source for both: Paul Kedrosky
— RiverRoadPartners (@partners_road) July 26, 2025