Independent thinking for complex markets and current events
Michael Burry says the AI story is just mass addiction with no real substance. He is short big AI names like PLTR, NVDA and MU plus the semiconductor ETF. He holds longs in names like LULU, PFE and others outside the AI frenzy. Hyperscalers spending huge on AI but seeing little return while chip makers …
It’s getting really out of control. A new form of techno-spirituality is spreading like wildfire across the internet. Thousands of people are claiming that ChatGPT is sentient and that the AI is a type of all knowing God, or that it has been sent from the future or an alien civilization to save us. Is …
Something quiet and corrosive has taken hold. Focus is vanishing. Attention span is collapsing. Not because of exhaustion or complexity, but because of something more subtle. Every few minutes the hand reaches for the phone. It is not a conscious decision. It just happens. The brain no longer knows how to sit still. This is …
WE’VE HIT PEAK INSANITY: FAKE PHONES FOR REAL AD*ICTS Can’t stop doomscrolling? Now there’s a $20 solution: a slab of acrylic that does literally nothing – but feels like a phone. It’s called the Methaphone, and yes, people are now fake-scrolling plastic to cure their tech addiction. We’ve officially reached the point where pretending to …
Some people believe that the tariff disruptions will settle down as more negotiations happen and greater thought is given to how to structure them to work in a sensible way. However, I am now hearing from a large and growing number of people who are having to deal with these issues that it is already …
WASHINGTON (AP) — Rick Woldenberg thought he had come up with a sure-fire plan to protect his Chicago-area educational toy company from President Donald Trump’s massive new taxes on Chinese imports. “When he announced a 20% tariff, I made a plan to survive 40%, and I thought I was being very clever,” said Woldenberg, CEO …
The U.S. economy is on a collision course with hyperinflation and a currency reset as reckless government spending spirals out of control. Discover why stagflation and hyperinflation are inevitable, what history teaches us about economic collapse, and how you can safeguard your wealth. Learn why physical assets like gold and silver are your best defense …
by confoundedinterest17 I had a wonderful time speaking at the Passive Investors Conference last night. One question I was asked was “Why doesn’t Powell (the current Fed Chair) pull “a Volcker” to cool inflation. She was referring to former Fed Chair Paul Volcker’s sudden raising of The Fed’s target rate which resulted in a cooling …
‘A court ruled the owners of Purdue Pharma, the Sackler family, will be protected from civil lawsuits linked to the opioid crisis in exchange for a $6 billion settlement. Purdue, which filed for bankruptcy in 2019 amid thousands of lawsuits, made drugs like OxyContin and is blamed for fueling the opioid epidemic.’ https://www.pbs.org/newshour/show/purdue-pharma-family-protected-from-lawsuits-in-exchange-for-addiction-treatment-funding There’s a …