As Bill Pulte runs his Star Chamber from the FHFA, it's important to remember that he was one of the foremost pumpers around the bust-out of Bed Bath & Beyond. An Epsilon Theory classic ... "The United States of Bed Bath & Beyond" No paywall. 🧵

Ben has been sooooo right that is scary.

Imagine looking at any industrialized economy and thinking "you know what, we should create some artificial scarcity around a basic need to divert what little surplus development capital we have into even larger intergenerational wealth transfers and away from factories."

Must read. New on ET. No paywall. Trust me on this one … it’s WILD!

Relevant. reddit.com/r/illinois/com…

Another true story of a fake narrative.

This paper is worth reading for any Armchair AI fans out there. AIi research is rapidly helping us figure out what actually makes humans special. I'm sure there are plenty of counters, but in this example, rando humans are just massively better at learning a new worldstate.

Here's that degen bus ad I mentioned, Ben Hunt and Matt Zeigler

"The threat is real enough. But the narrative serves a function beyond warning. It creates permission to end the debate about whether we're building the right things, at the right pace, with the right safeguards. Once that debate is settled, there's no undoing it." "How AI

With the launch of World War AI this afternoon, I think it's important to put this note outside the paywall. epsilontheory.com/world-war-ai/

“Trust and safety experts told The Economic Times that Sora has "essentially rebranded deepfakes as a light-hearted plaything," with professionals suggesting the tool marks a turning point when deepfakes shifted from isolated incidents to everyday occurrences.”

NEW -- Trump is testing our country’s tolerance for ethnic persecution. And we’re failing the test. Must read from Will Saletan thebulwark.com/p/trump-attack…

My favorite answer

🚨 I've been ruminating on this thesis for a long time. Finally got around to publishing it.

One in five immigrants personally knows someone who’s been detained or deported since January. Nothing about that is normal. Panoptica.ai

If you’d like to know what it was really like inside CECOT for an innocent man who was wrongfully deported by this administration, we interviewed a pro soccer player and youth coach named Jerce Reyes two weeks ago: youtu.be/vlz3eGwHZBY?si…

BREAKING Sharyn Alfonsi, a correspondent for 60 Minutes, sent an internal email to colleagues stating that CBS News editor in chief Bari Weiss “spiked our story” about the Trump administration and the transfer of deportees to a prison in El Salvador. In the email — which was

WOW and here’s the proof from The New York Times; Bari Weiss spiked the CECOT story because she wanted to have Stephen Miller included and demanded to control the language 60 Minutes used to describe the men who were brutally tortured after being sent to El Salvador without due process.

🚨 BREAKING: ICE agents in Minneapolis are seen arresting another teenager without verifying his identity first, and admit to it on camera. In the video, the teenager calmly tells agents he can go inside and get his ID to prove who he is. The agents refuse. Instead, they say

"The retail investor, as has so often been the case throughout financial history, thought they were the guest of honour, when they were actually dessert." Grant Williams with another brilliant history lesson on top of a perfectly perspectived framing of our current situation: