These health studies make the same mistake, associating things that are often the result of something as the cause. This is why they thought one drink was healthier than no alcohol and wine healthier than beer. Yacht ownership doesn’t help you become rich. huffpost.com/entry/dementia…

The slide during the 2-hour Fed press conference had real 'beginning of the end of populism' vibes. The 20+ year binge starting with the 2001 'check in the mail' refund cracks as the Fed essentially says, 'I'm done financing inflationary policies with below-inflation rates'.

I’m getting the sinking feeling that our new pro-crypto plans will create another widely held risky asset class—like stocks and high-risk real estate—that the government will have to support when voters demand help to reduce their losses bloomberg.com/news/articles/…

Worst $ value hit to a stock in history. Remember in Rocky near the end of the 1st round when Rocky knocks down Apollo and it looks like Apollo might not win? Today was that moment with us and China. Are we going to just ban better + cheaper AI too? youtu.be/VMzp2j5N-IU?si…

The danger isn’t AI getting cheap—it’s AI getting cheap everywhere except the USA. We’re already trying to fix costly domestic supply issues with gov’t subsidies in EVs and, more recently, chip factories. What’s next? finance.yahoo.com/news/why-marke…

There is only one advisor the President really listens to: Mr Dow Jones. wsj.com/economy/trade/…

I don’t believe a single person in history has ever directly and quickly caused a bear market—even Fed rate changes are done by committee. Not even Hitler. Maybe the assassin of the Archduke of Austria who triggered WW1. That 100+ year break may end today

Of all the government debt-fueled pre-collapse follies, paying people to buy EVs and solar panels while making them pricier with taxes and regulations ranks up there with Rome’s gladiator games and Spain blowing New World gold on wars and palaces bloomberg.com/news/articles/…

When Henry Ford built his ill-fated city of Fordlândia in Brazil in the 1920s, the only tribute was a Ford logo on a water tower—no bust of Ford. Then again, he was only the world’s second- or third-richest at the time bloomberg.com/news/features/…

Seems like we’ll have to keep waiting for a Range Rover pickup since it would still taxed at 25%. But maybe we’ll trade more of the UK’s supposedly mad cows for our bleached-but-still-salmonella-loaded chicken and roid-rage, antibiotic cows (which somehow cost more per lb)

Raising taxes on the rich, punishing companies that outsource manufacturing to low-wage countries, and now forcing drug companies to radically lower prices across the board. ⁦Bernie Sanders⁩ must be like WTF we could have done this all along… bloomberg.com/news/articles/…

So Apple will stop intentionally trying to make your phone burn through the battery fast so you upgrade phones frequently and call it AI? There is a reason your phone can’t automatically switch to low power mode and it ain’t bc of lack of AI bloomberg.com/news/articles/…

Seems like the real con is passing tax + spending bills while pretending we'll ever revert back to old revenue and spend levels after 10 years. This sunset scam really started in 2000, and now debt-to-GDP is heading down a path that could sunset America wsj.com/opinion/senate…

Shrinkflation hits watches?