Maybe make a profit first before pondering your future tax liability lol.

It would blow up the long end. Every year bond buyers give the treasury $2T and receive $1T. Something has to give.

I looked deeply in the mathematical formulation of diffusion models (image & video generators) & they are inherently doing stochastic gradient based pixel blending nothing more. The explanation that follows below will be a bit technical so buckle up.

The inverse TACO trade is going to be interesting.

This is a non-peer reviewed preprint. If I was reviewing, I would decline with prejudice for this reason: The models were already trained on these cases. When a model is given the answers before the test, it does well, then shits the bed in the real world.

The “credible until next Tuesday” trade.

I find it ironic that Martin contracted AIDS _after_ he got out of prison. No one is safe from AI Delusion Syndrome (AIDS).

The brakes are different. Deficits increase money velocity but they drain cash from bond market. Every year the bond market hands the treasury $2T to receive $1T. This is why Bessent wants to remove SLR, so banks can absorb the growing debt. The ability to absorb is not

The deficit is lower than last year because he hit the credit ceiling and is draining the TGA. Snake just like the rest of them.

Wait until we find out they are all various levels of grift. Gen AI is a scam.

Lol how is this even legal at this point? Such an obvious ponzi.

Gen AI is inherently anti-social. I can't think of a single application that doesn't require the destruction of some social ecosystem.

Here is a rare look inside one of the board meetings at $MSTR. youtu.be/pSS7iJUsYCY?si…

JPOW printed too much money.

The inshittification intensifies.

8% USD debasement, you say? Roughly $60B Has flowed into $BTC instruments in the last 18 months and $20B went to miners. That’s 20% a year debasement on $BTC. Is there are debased risk asset out there today?

Like 3 months ago you told us your chatbots were PhD level. Now we are back to interns?

Alternative prediction: all software products that resist this trend towards randomized agentic slop and relentlessly build for human delight will eventually win and the slop will die.

It’s not anti-AI. It’s just anti-BS. We are tired of the endless hype lies about a compressed index of the Internet.