@PeterSchiff Have you bought your puts or just talking into thin air again
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Larry Blatt
884 posts
The yield on the 10-year Treasury is knocking at the door of 4.5%. When it finally breaks through, the move to 5% should be quick. From there, without massive Fed buying, which Walsh opposes, the move from 5% to 6% could be even quicker, just in time for the midterm elections.
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Money supply is skyrocketing:
Global money supply is now up to a record $121.9 trillion.
Over the last 2 years, money supply has soared +$17.1 trillion, or +16%.
This also marks a +$27 trillion increase, or +28%, since the 2022 low.
This means that global money supply is surging +7% to +8% a year.
Meanwhile, US M2 money supply jumped +$1 trillion YoY, or +4.6%, to a record $22.7 trillion.
Money supply growth is accelerating.
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@InTheAssembly If anyone did minimal research they would never ever touch this thing with a 50 foot pole
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Cathie Wood might be the most expensive lesson retail investors have ever paid for.
Her flagship ARK Innovation ETF is down 23% in the last 5 years.
The S&P 500 is up 77% over the same period.
She has underperformed the index by 100 percentage points.
And she has done it while collecting BILLIONS in management fees.
A quick reminder of the highlight reel:
– She predicted Tesla would hit $3,000 per share by 2025. It is currently $432.
– She predicted Tesla revenue would hit $234 to $367 billion in 2025. The actual number came in under $100 billion.
– She made Teladoc her single largest position around $80 per share. It trades at $7 today.
– She loaded up on Zoom near $300. It trades at $110.
– She dumped almost her entire Nvidia position in January 2023 around $20 per share. Nvidia is now at $220, which means she sold the single greatest stock of this generation right before it 10x’d.
Morningstar officially labeled the ARK family of funds a “value destroyer,” noting that her funds lost roughly $14 billion in shareholder value from 2014 to 2024.
But here’s the part nobody talks about:
ARK Investment Management has been one of the most profitable asset managers of the last decade.
Wood has personally made tens of millions in fees while her investors have collectively lost real money.
This is the part of Wall Street most retail investors do not understand.
You’re not paying for performance, you’re paying for marketing.
The people who win are the ones running the fund, not the ones holding it.
This Friday, May 15, every fund managing over $100 million is legally required to disclose their Q1 2026 trades to the SEC.
We will be breaking down EVERY major filing right here the moment they drop.
Follow us with notifications before it’s too late.
If you don’t follow us, you might regret it.
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Costco Predicts That There's a Recession
"Costco is predicting a recession based on one buying habit we've always seen when there's a recession..."
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Ken Griffin just revealed the only thing he actually looks for when hiring at Citadel.
Not your GPA. Not your pedigree. Not your internship list.
He wants one type of person: the athlete who excelled academically.
Here's why that combination matters to him.
The athlete knows what it takes to win. They've also felt what it's like to lose. That experience of pushing through both, and still showing up, is something you can't learn in a classroom.
The academic side tells him something different. It tells him the person knows how to manage their time. That they have the discipline to apply their mind under pressure. That when things get hard, they'll find a way through.
Griffin calls it perseverance and grit paired with high aspirations.
That's the profile he's building Citadel's AI team around.
Think about what that means for where the talent wars in finance and AI are headed.
The people running the biggest pots of money in the world aren't just looking for quants anymore.
Milk Road Macro@MilkRoadMacro
Ken Griffin started Citadel in a Harvard dorm room in 1987 with $265,000 raised from friends and family. He put a satellite dish on the roof of his building, ran a cable through an old elevator shaft, and pulled it through his window to get real-time stock quotes. In the 24 months before the 2008 financial crisis, Citadel earned $13 billion in trading profits. More than Amazon had made in its entire history at that point. Then Lehman failed. Citadel lost hundreds of millions of dollars a week. CNBC parked a van outside their office waiting to break the story of their collapse. By the end of 2008 they had lost half their capital. Here is how they survived. Every single day, they did whatever it took to buy one more day. Sold assets. Closed business lines. Let people go. Suspended redemptions. The management team personally absorbed $500 million in costs to show their investors they believed in the firm's future. One painful decision at a time. No putting things off. "Often the choice was between painful and more painful. But day by day, we bought ourselves a future." The lesson Griffin took from it came from Andrew Carnegie: take away my factories, my ships, my money, strip me of everything. Leave me my people. In two or three years I will have it all again.
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Could The Park be a potential landing spot for the PGA one day? 200 acres, plenty of local infrastructure for parking and logistics. Regional PGA office onsite and exhibition already hosted there…..
Country Club Casual@casualclubguy
Golf has a major championship venue problem. We keep rotating the same clubs. These are 5 courses I’d love to see host a modern major ⛳️ Must be realistic from a setup + logistics standpoint: The Creek Moraine Milwaukee CC Peachtree The Country Club (OH) Which one has the best chance?
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@FmrRepMTG Well when is someone going to do something about this absolute farce?
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When is everyone going to start realizing that the manic on again off again war/peace rhetoric is really just insider trading?
And sprinkle in some murder.
Only a select few in the top tax bracket are benefiting from this, and the majority of you ain’t in it.
The Kobeissi Letter@KobeissiLetter
BREAKING: According to our analysis, ~$920 million worth of crude oil shorts were taken 70 minutes before an Axios report claimed the US and Iran were near a "14-point" deal to end the war. At 3:40 AM ET today, nearly 10,000 contracts worth of crude oil shorts were taken without any major news. This is equivalent to ~$920 million in notional value, an unusually large trade for 3:40 AM ET. At 4:50 AM ET, just 70 minutes later, Axios reported that the US is "close" to a "memorandum of understanding" to end the Iran War. By 7:00 AM ET, oil prices had fallen over -12% with these crude oil shorts gaining approximately +$125 million. Minutes later, Iran launched the "Persian Gulf Strait Authority" and oil prices surged +8%. What just happened?
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@allenanalysis Wow how is this not caught? Yet let’s give the flash crash guy hell back
In 2010. This is a million x worse
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🇺🇸BREAKING: Someone placed a $920 million crude oil short at 3:40 AM.
70 minutes later Axios reported the US and Iran were close to a deal.
Oil dropped 12%.
The trade made $125 million in profit.
Minutes after that Iran launched the “Persian Gulf Strait Authority” and oil surged 8%.
$760 million placed before Trump’s last announcement.
$920 million placed before this one.
Every major announcement in this war has been front-run by someone who knew it was coming.
What kind of war is this?
This is more like a trading desk with an army.
Never stop connecting the dots.
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Navinder Sarao triggered the 2010 flash crash-US lost $1 TRILLION in 5-min while he was lying in bed
- he made ~$70 million on all this deal
you will watch 40-minute investigation of that day - filmed before the trader was ever caught.
Bookmark - this is the best documentary on US algorithm failures.
bodila@51bodila
Paul Wilmott predicted the 2008 crash, went 100% to cash, then taught 9,500 Wall Street traders how to trade you will watch the man called "the smartest quant in the world" sit across from a Wall Street programmer who wrote the code that destroyed the economy Bookmark & watch - this 45-min documentary will change how you think about risk forever
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@RyanMcD60266134 @f_lindblom Nice tie Bryan- go back to your cubicle loser
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@f_lindblom It’s because you aren’t very good. Like if I went out and played, J would just be paying my expenses. Golf is not work. If you want to make money, get better.
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Perfect example of the mini tour grind:
I just finished 9th out of 168 players at the SoCal Open. Entry fee was $800. My pay check was $843 for a $43 profit… Take out expenses:
-Airbnb: $500
-Food: $140
-Gas: $120
-Practice round: $150
-Yardage book: $35
Total: $945.
Winnings ($43) - Expenses ($945)= -$902.
Not the best week in the end 🤦🏼♂️ #Playbetter
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@f_lindblom Wow this might be the most ridiculous entry fee/payout structure I’ve ever seen.
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@f_lindblom @acaseofthegolf1 Leaves 85k net. Would this be considered appropriate as to administrative/mgmt/marketing Et. al fees for a tournament of this stature?
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@Daniel_Rapaport Makes it look like he’s already in the field yet this must be the qualifier. Come on man
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"You have to be willing to be heartbroken.
—Rory McIlroy"
—Dan Rapaport
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@PGATUOR Actual video is here: facebook.com/PGATour/videos…
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Never forget the most confident putt of all-time 💯
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@PeterSchiff @Mayer Can you go back on PBD and ask for another private jet to Ft Lauderdale? Dork
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Just left Panama. Definitely coming back. This place rocks. It has a lot to offer. I'm considering residency and making it my plan B. @Mayer
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No one fuckin cares go back to Northern Ireland and eat potato’s you twink
Chris Phillips@CPhilly19
Safe to say Rory is not a fan of the state of Texas 😂
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