TACO > Cockroach

Invoking Dinkins is choice …

10s < 4% VIX > $24

10s trading through 4A%, and stocks getting clubbed. #TurningPointUSA?

Why do people continue to insist that Covid inflation *wasn't* transitory? Yes, it took longer to decelerate, but CPI peaked at 9.1% in the summer of 2022 and troughed at 2.4% in September if 2024. If that's not transitory, then what it?

FIFA: U.S. govt to determine 2026 World Cup city safety FIFA Caving to MAGA Shock (con't page 94)

Salesforce gives rosy 2030 Outlook A headine I've just had to endure on CNBC. (NB: it's 2025)

Financial TV interviews with a CEO, especially after earnings, are like a sideline interview with an NFL coach rushing off the field at halftime. No real insight, no real interest in the question, nothing you're going to remember 30 minutes later.

OpenAI with another 10 GW deal ... To remind, 1 GW costs $60 billion to deploy. OpenAI has made deals for 26 GW over the past two weeks. So ... that's a $1.6 trillion commit for a company that had H1 revenue of $4.3 billion. This. Is. A. Bubble.

Not a lot of bounce in futures … I guess financials will need to do some heavy lifting this week.

Deja vu all over again: Macron Reappoints Lecornu as France’s Prime Minister

So Friday: Possible insider trading on the (check notes) Nobel Peace Prize winner. President pulls rug from soaring stock market on 3-year bull anniversary Government uses shutdown to fire as many people as possible. Peter Theil makes David Icke look like Barbara Woodhouse. So, yeah

OpenAI thinks it's going to deploy 500 Hoover Dams worth of power over the next few years. Market do, too. But it's not a bubble.

Huang: I GW of compute will require $50 to $60 billion to establish. OpenAI wants to establish 250 GW of compute. It had $4.3 billion in H1 revenues. The maths isn't mathing.

Quick reminder: Arguably the biggest mind in modern UK politics. Gordon Brown, sold 395 tonnes of the nation's gold at $275/oz. Nobody knows anything. Full stop.

Fiat, Bitcoin, Quantum stocks …

I know these details are tiresome, but Japan did not, in fact, just elect its first female prime minister. Sanae Takaichi was elected leader of the Liberal Democratic Party and is *expected to become* prime minister. But someone else is in that job right now.

Also kind of sick of hearing "all of humanity" when talking about AI tam. It's a search engine, mate. You're not Jonas Salk.

Really not comfortable hearing "This is what AI will do" when Brockman is asked "How are you going to pay for it.

OpenAI (quarterly revenue ~$2.1 billion) is now committed to deploying $16 GW of GPUs from $AMD and $NVDA.

So I can’t have a dog?

ISM Services = stank.

"The one thing markets don't like is uncertainty." *mute*

Not exaggerating to say she was my first childhood hero (outside of sports!). I absolutely devoured stories, films, etc., based on her work. Absolute pioneer in the truest sense. A great woman.

Being unable to pronounce the accord you're claiming to have advanced is a concern.

Telegraph article from yesterday: freelance hack writes about "shock" to discover that a family of four needed to pay £100 for a meal at Wagamamma. Four people. Dinner. £100.

Accenture CEO straight out of the gate with "deep ecosystem relationships ... "

US economic policy seems focused on establishing a bunch of tech-based Sogo Shosha.

Interesting timing with the Kimmel 180 …

Had to switch the telly to the other side.

How to be a tech influencer/respected tech strategist 1. Go on TV 2. Say "AI" and "Trillions" Err ... that's it!

Indiana scores 63 points ... and *not* in a basketball game!

When has co-CEOs ever worked? (Genuine question) ... $ORCL

Haaland adds insult to the proverbial by fixing his man-bun after slotting it past Raya …

You may find Twitter’s record on changing people’s minds is … spotty at best.

This is an excellent point.

Yesterday on CNBC the FCC Chairman was asked to reconcile his prior posts opposing censorship. (Props to @carlquintanilla.bsky.social) He claimed he was referring to internet speech. There is (as they say) always a tweet. I only wish I had found this in real time.

Protect yourself from the person looking to destroy you by cooperating with him? Hmmm …

The government has made enough on INTC to cover 9.5% of the next 10-year auction.

Guy on TV says NDVA investment in INTC wasn't prompted by the government. A few seconds later he says it won't come good for about three years. So, yeah, I'd say most companies dump $5 billion into a money-losing company in the hopes of a 3-year payroff.

Really? *That’s* what it’s a sign of?

Sometimes it’s good to hear other takes: my (very local) CBS affiliate just summed up the Fed meeting: “economists say it could encourage companies to hire more employees”. I mean … fair enough.

I wonder if a Trump-appointed Fed Chair would propose fewer policy meetings (in keeping with the ethos of six-month earnings reports)?

Housing Stops.

Manufacturing ... never, ever on the first bash.

Fed goes 50 … paired with a new SEP that has some grim unemployment forecasts. Keeps Trump from going too mad, while subtly undercuts “USA is booming” bombast. Stocks rally, perhaps past the close, then sell off once the long end trampolines on the “we’ve given up on inflation” signal #FOMCguesses

The old bill caught a pair of lads with some illlegal fireworks last week. They charged one and let the other off …

Get in!!!! #Gunners

"Charles, who is now King, is my friend." - Trump