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Steve

@untilnextyear

SE Londoner. Views almost certainly not my own.

London, England Bergabung Ağustos 2009
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Steve
Steve@untilnextyear·
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Rob
Rob@robrousseau·
I think we can all breathe a sigh of relief. This cycle of constant lying and blatant market manipulation is totally sustainable and can just carry on indefinitely
The Kobeissi Letter@KobeissiLetter

This is absolutely insane: At 7:04 AM ET today, President Trump said “the US and Iran have had productive discussions" to end the Iran War. By 7:10 AM ET, the S&P 500 surged +240 points adding +$2 TRILLION in market cap. 27 minutes later, Iran completely denied all of President Trump's claims and said there has been "no contact" with the US. By 8:00 AM ET. the S&P 500 had fallen -120 points erasing -$1 trillion in market cap. That's a $3 TRILLION swing market cap in 56 minutes, just in the S&P 500. What is happening here?

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Steve
Steve@untilnextyear·
Any financial journalist fancy exploring any unusual trading patterns today? No?
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Steve
Steve@untilnextyear·
Padel players sure like bringing every conversation around to how they like to play padel.
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Steve@untilnextyear·
Another lovely day to manufacture some consent.
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Steve@untilnextyear·
Brilliant segment on the Robert Elms show on the slum landlord Peter Rachman. A timely antidote to all that rose-tinted London nostalgia.
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Hamza Yusuf
Hamza Yusuf@Hamza_a96·
If you listen closely, you can almost hear the frantic clatter of keyboards as Western journalists in newsrooms rediscover the active voice and a passion for vivid detail, with Iran appearing to have struck Israel tonight.
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Steve@untilnextyear·
@GilhamColin I'm sure there's been a whole load of insider trading going on.
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Steve@untilnextyear·
So I guess we're pretending the UK hasn't been involved all along.
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Steve@untilnextyear·
@Twitchelmore Completely agree, an attempt to make it all sound more complex and academic rather than just made-up.
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Steve@untilnextyear·
Funny how Labour's fiscal rules don't apply to joining illegal wars that will tank the economy.
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Steve@untilnextyear·
@mrbgumbo It's a great racket!
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Al
Al@mrbgumbo·
@untilnextyear
Tuki@TukiFromKL

🚨 Let me tell you why this Goldman Sachs headline is the most dangerous one you'll read today.. Companies spent $450 billion on AI last year.. fired tens of thousands of people to "restructure around AI".. replaced entire departments with chatbots.. And Goldman Sachs just said it contributed basically zero to economic growth.. so where did the money go? > It went to Nvidia.. $130 billion in GPU sales.. Jensen is the only man on earth who got rich from AI that hasn't produced anything yet.. > It went to stock buybacks.. companies fired people, cut costs, reported "record profits" and bought back their own shares.. the money went UP not OUT.. Jesus! > It went to a bubble.. the same way crypto money went to Lamborghinis and not infrastructure.. AI money is going to valuations and not productivity.. here's the part that should terrify you.. They already fired the people.. Atlassian 1,600.. Meta 21,000.. Block 40%.. Amazon warehouses.. the jobs are already gone.. But the growth didn't come.. the productivity didn't come.. the revenue didn't come.. they burned the village to build a city that doesn't exist yet.. and Goldman Sachs just looked at the empty lot and said "there's nothing here"

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