Pavle Pavle Jeremić is an extremely talented young founder blazing his own path Aether. Imagine reproducing the effect of large smelters via enzymes or a new type of composite material ⬇️ using same process. AI manifested 4 real world. Excited to be investor. Jay Z

From Grok : Railroad collapses (1870s-1900s) stemmed from overbuilding, overleveraged credit (bonds/loans), and the 1873 Panic. Land grants fueled speculation, but low cash flow and economic downturn led to 150+ bankruptcies. Need marginal lender to blow up to end “bubble”.

Echoes of FB-Insta age divide in ChatGPT v $GOOGL. User growth stopped but monetization keeps growing FB (rake on incomes of older folks) even as Insta became massive. ChatGPT seems to be cementing itself with younger demo.

Real rates are falling, expanding multiples. Growth amplifies this effect. However, as the thread explains, the bond market will react at the long end—is real estate cooked? Would Trumpian Fed eventually launch yield curve control?