@LukeGromen Ignoring that buybacks (% of mkt cap) are FAR higher vs 2000? Dividends aren’t the whole story. Shareholder yield is higher today.
It’s like you saying your income fell because salary dropped… while your bonus tripled.
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Wang
150 posts
...as inflation is rising notably (& yields are rising.)
It didn't work out well in 1q2000, but maybe it will be different this time.
Meb Faber@MebFaber
The S&P 500 dividend yield just hit an all-time low of 1.08%, going back to the 1800s. The prior low was 1.1% in 2000. There are now "dividend" mutual funds with negative yields (their expense ratios are higher than their dividend yields). Stock buybacks have exceeded dividends since the late 1990s. And yet, nearly all stock funds still focus solely on dividends, which is crazy. (And it's not just about the buybacks, but also the share issuance!) Buffett's been talking about this more than anyone for decades... We wrote a book on the topic 13 years ago, and the 2nd edition is free online. As you tune into the Berkshire meeting, and gasp at the $400 billion in cash on their balance sheet, understand why they consistently choose buybacks over dividends... mebfaber.com/books/ Chart: Multpl
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@texasrunnerDFW Houses close to downtown, in the M streets for example, will sell in 48 hours with 8 offers over asking
It’s crazy how different of an environment it is relative to the north suburbs
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$BTC has broken out of its 7-month downtrend.
Weekly MACD bullish cross has happened too.
This could give one final push to Bitcoin towards the $77,000-$78,000 level.
After that, BTC will drop to new lows in Q2 2026.
IMO, the new Fed chair will accelerate rate cuts and liquidity injection in Q3 ahead of mid-term elections.
This will mark the bottom in BTC and start a V-shape recovery similar to March 2020 and April 2025.
Kalshi Crypto@Kalshi_Crypto
BREAKING: Our traders forecast Bitcoin will hit $96,000 this year, a recent high.
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It’s going to be fun watching dip buyers cite the “low forward PE” as a reason to buy, just before the E drops by 50%
Mike Zaccardi, CFA, CMT 🍖@MikeZaccardi
S&P 500 P/E ratio falls below 20x for the first time in almost a year... below the 20.0x 5yr avg @DualityResearch Tech P/E under its April 2025 low, they say.
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Turning off payments and forcing verification before taxpayer money flows out the door is one of the most important steps we can take to end the fraud in Minnesota. But there will be many more to come.
Great job to @HHS_Jim and @SecKennedy.
Deputy Secretary Jim O'Neill@HHS_Jim
We have frozen all child care payments to the state of Minnesota. You have probably read the serious allegations that the state of Minnesota has funneled millions of taxpayer dollars to fraudulent daycares across Minnesota over the past decade. Today we have taken three actions against the blatant fraud that appears to be rampant in Minnesota and across the country: 1. I have activated our defend the spend system for all ACF payments. Starting today, all ACF payments across America will require a justification and a receipt or photo evidence before we send money to a state. 2. Alex Adams and I have identified the individuals in @nickshirleyy's excellent work. I have demanded from @GovTimWalz a comprehensive audit of these centers. This includes attendance records, licenses, complaints, investigations, and inspections. 3. We have launched a dedicated fraud-reporting hotline and email address at childcare.gov Whether you are a parent, provider, or member of the general public, we want to hear from you. We have turned off the money spigot and we are finding the fraud. @ACFHHS @HHSGov
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This dude has done far more useful journalism than any of the winners of the 2024 @pulitzercenter prizes.
Nick shirley@nickshirleyy
🚨 Here is the full 42 minutes of my crew and I exposing Minnesota fraud, this might be my most important work yet. We uncovered over $110,000,000 in ONE day. Like it and share it around like wildfire! Its time to hold these corrupt politicians and fraudsters accountable We ALL work way too hard and pay too much in taxes for this to be happening, the fraud must be stopped.
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We are still below the inflation adjusted all time high of $69,420 from 2021. There has been no bull market whatsoever. We have been in a deep bear market for 4 years and we are about to rocket out of it to definitive new highs above $140,000. $315,000 within 12 months. Mark it.
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“From the first ASIC miner to a global mining powerhouse.”
Inside Canaan 🎙️
@BitcoinNewsCom dives in with Leo Wang, Christopher Crowell & Gwyn Lauber on how Canaan built the foundation of modern Bitcoin mining.
- Next-gen ASIC innovation
- Global self-mining expansion
- AI x Energy integration
- The rise of home mining
Watch now 👇
m.youtube.com/watch?v=pc1Qki…
#Bitcoin #Mining #Canaan #ASIC #Crypto
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@markoinny Hey relentlessly wrong Marko - Current AI capex is at 1.05% of GDP. At its peak during the dot com boom telecom capex reached 2.67% of GDP and during shale/fracking boom energy peaked at 4.75% of GDP. Once you stop being bearish, that’s the sign.
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At some point market needs to start punishing tech companies for unprofitable AI spending, the way it was punishing Oil and Gas E&Ps in 2018 for drilling.
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I am 100% positive BTC hits 150k.
You are told to not have certainty.
That is wrong.
You only play to win.
Bet with conviction or don’t play the game
“If you’re so confident, why are you not making it a much bigger bet?” - soros
Then: September 16, 1992 “Black Wednesday”
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@KobeissiLetter @grok is this news a surprise to financial markets or already expected?
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BREAKING: The US and European Union have reached a trade deal and release a joint statement outlining terms:
Tariffs:
1. US to impose 15% tariffs on most EU imports
2. US to lower auto tariffs once the EU passes matching tariff-cut legislation
3. From Sept 1, US will apply only MFN tariffs on EU aircraft/parts, generics, chemical precursors, and scarce natural resources
4. EU to eliminate tariffs on all US industrial goods and grant preferential access for US seafood/agriculture
Energy & Tech Purchases:
1. EU to buy $750B in US LNG, oil, and nuclear products
2. EU to purchase at least $40B in US AI chips
Investment & Cooperation:
1. EU firms to invest $600B in US strategic sectors by 2028
2. Both sides to negotiate rules of origin to ensure benefits remain bilateral
3. Exploring cooperation on steel and aluminum market protections
4. Joint commitment to tackle digital trade barriers; EU pledges not to adopt network usage fees
5. Considering measures for secure supply chains, including tariff-rate quota solutions
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@WhiteHouse @grok were we aware of these visits until now? Is it related to Russia Ukraine war?
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@camelfinance How do you justify being this bearish on MSTR, yet bullish on BTC? Yes, maybe the mNAV compresses to 1, but your forecast above suggests we’re at a top in BTC. Let’s watch…
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Update - all the $MSTR loudmouths are now silently shaking in their boots...
If there is a new high left in this thing, it really has to go now and not look back, otherwise time is up and we are heading for that 4 year cycle low.
To make matters worse, without a new high, the hyperwave target of 35 bucks still stands... massive opportunity for the camel crew!
Are the irresponsibly long cult are about to find out just how irresponsible they really are?
35000% is just not enough for some people eh?
Camel Finance YT ⚡️@camelfinance
$MSTR - IS THIS TIME DIFFERENT ?? #MicroStrategy
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$BTC bearish pinbar on daily (shooting star) after advance, with local upthrust
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@KobeissiLetter @grok aren’t household balance sheets at historically low leverage levels though? Help contextualize these rising delinquencies amongst the aggregate consumer. Is the consumer healthier than these delinquencies may lead one to believe?
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US serious delinquencies are skyrocketing:
The share of credit card debt that is delinquent 90+ days reached 12.3% in Q2 2025, the highest since Q2 2011.
This is just 1.4 percentage points below the all-time high.
Furthermore, 5.0% of auto loans are now seriously delinquent, only 0.3 percentage points below the record set in Q4 2010.
Meanwhile, student loan serious delinquencies spiked 9.4 percentage points over the last 2 quarters to 10.2%, the highest since Q1 2020.
US consumers are falling behind on debt payments at rates rarely seen before.
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