cryptic

@RobertKennedyJr I love TRT but maybe you should dial you dose down a little since you’re now playing with rattlesnakes.

In response to the many comments about venomous snakes, this video shows how Cheryl and I handled a recent rattlesnake rescue.

@ImBanton_ @grok Fellatio associated palatal petechiae/erthythema. BMJ Case Report has the same photo of you girlfriend's mouth. Weird

Hey @grok, my girlfriend went to her best friend’s birthday party two days ago and she got this mark under her mouth. Can you tell me the reason for it?

@Barchart Well, a store of value shouldn't track the stock market. Maybe this is a sign that if the market crashes, Bitcoin won't be hit as hard. One can hope...

Bitcoin $BTC underperforming the Stock Market by more than 55 percentage points over the last 12 months 📉📉📉

@lpackard @1zzyzyx1 Have you check your electric bill lately?

Grocery prices are outrageous! And just getting worse. How are you coping? I've started doing a lot more shopping at Aldi, and walking there instead of driving because gas prices are outrageous too. #TrumpsGroceryCrisis

@RpsAgainstTrump Massive? There were more people in my high school class.

WATCH: Massive protest in Greenland outside the U.S. embassy, with crowds chanting “Go Home USA.”

@OxfordAnalytics @CommodMkt The supply/demand setup for jack-ups is real, the NOC demand thesis is coherent, and BORR's young modern fleet is genuinely differentiated. If dayrates do re-rate materially over 2027–2028 and oil stays above $65, the equity leverage works in your favor hard.

@OxfordAnalytics @CommodMkt Thank you for pointing this out. Borr has ~$2B debt, B-rated, 4.5-5x D/EBITDA. But this is a legitimate cyclical upside story — Currie isn't making things up.

You cannot print molecules. You cannot print the rigs $BORR that lift them either. In a gold rush, the money isn't in the gold. It's in the picks and shovels. Shale is likely finished as a source of growth. The remaining short-cycle barrels now sit in shallow water — and the Middle East has spent fifteen years drilling its way offshore as its onshore fields deplete. Saudi, the UAE, Qatar: all the growth is offshore now. That barrel needs one thing above all else: a jack-up fleet. However, there are zero new orders and zero new-yard slots for years. Unsurprisingly the global fleet only shrinks — a third of the rigs on the water are over thirty years old and aging out. At $BORR they average seven. A newbuild theoretically costs $300m, and the dayrates haven’t come close to justifying one — rates must double, and lengthen, before a single rig gets ordered. Now layer the demand. The buyers are National Oil Companies (NOCs) in countries GDP is heavily exposed to the barrel — the most inelastic clients in any market. The fleet was already above 90% utilized and rising before the war. After the fighting stops: pent-up Gulf tenders, field declines to offset, shut wells to bring back. And the order book already tells you where this goes — energy-security pushing work in Vietnam, Malaysia, Suriname, Gabon. The security premium is no longer theoretical. It’s in the contracts. Either Hormuz reopens and pent-up demand from Saudi Arabia and the UAE skyrockets, or oil pushes into uncharted territory and the international NOCs pick up the tab. Few other energy assets are this exposed to both tails. Low-breakeven shallow-water barrels are the supply the world needs to meet the coming crunch. And pick-and-shovel maker gets paid whether or not the miner strikes. Now the part the market is missing. The whole enterprise trades at roughly forty cents on the cost of replacing its own steel. Enterprise value is about $4bn, split almost evenly — half debt, half equity. The debt is fixed. It does not re-rate. So every dollar the fleet gains as it runs toward newbuild parity falls straight through to the equity. That is the engine. The debt does not move; the steel does. Re-rate the fleet to what it would cost to rebuild, and the equity does not double — it quadruples. The equity does not track the steel. It multiplies it. The 4x leverage is not the risk in this trade. In the upcycle, the 4x is the trade. You can buy an irreplaceable strategic asset at less than half its replacement cost — with the leverage thrown in for free. The market is selling the quarter. We're buying the decade. $BORR is down 14% today on a delayed rig start-up and a one-time receivable provision — operational noise, not structural damage. Utilization held at 97%. Full-year coverage rose to 71%, and the back half of the year jumped from 48% to 65% booked. Nothing in the supply, the demand, or the steel has changed. The one thing that did move — the Middle East conflict — barely touched the financials and made the multi-year case stronger. Every affected rig is back at work. Tenders keep progressing. Management is more confident on 2027 and 2028, not less. The market is selling the noise and ignoring the signal. The dislocation is the entry. Get long. Buckle In. HALO.

@wagmiwearco @LarkDavis You can also set it to use emojis!

@LarkDavis Four years of college just to compete with a rectangle that answers in bullet points.

Ex-Google CEO Eric Schmidt got booed at a graduation for hyping AI to 10,000 fresh grads. These kids are walking into a job market already being eaten by the very thing he was cheerleading. Tough crowd. Tougher job market. (clip from WSJ)

@freemoneyjesse @PeterSchiff @RepThomasMassie Gold to $4,000, and then to $10,000!

@PeterSchiff @RepThomasMassie The market doesnt care and isnt as smart as you and if you realized this you would be a much better trader and leader to your audience by understanding what the market will do vs what should happen. ive noticed this over the years. The market will tank gold first.

With the defeat of @RepThomasMassie, the U.S. has sent a clear message to the global bond markets that the we will never get our fiscal house in order. Get ready for a bond market crash, soaring interest rates, and runaway inflation, as our creditors bail out in droves! Got gold?

Welcome to the most asymmetric trade in modern financial history. The thread below lays out why. The opportunity exists because capital has chased the AI trade while ignoring the physical assets AI requires to run — assets that have quietly become the best-performing asset class of the decade. Since October 2020 when we first called for the commodity super cycle: QCI Total Return +217%, GSCI Total Return +205%, Gold +140%. NASDAQ trails at +130%. S&P 500 at +85%. The top three are all commodities. Yet oil cannot get out of its own way while copper and the broader atom complex prints fresh highs . That is the dislocation. That is the trade. Get long. Buckle in. Hang on for the ride. Forgive the longer posts in this thread — attempting to mimic my old 10-bullet commodity takes. On to it.

@LawrenceLepard Sadly, people get the politicians that they deserve.

It’s amazing that~ 10,000 votes in one district in Kentucky, with a population of 776,000 people dispatched the most honest man in Congress. It looks like 109,000 registered Republicans voted. Roughly 14% of House District 4. Galactically stupid. Incredible really. 🤦‍♂️ @RepThomasMassie

@RealRickRule “People get the politicians they deserve. “

the smart ones were in the yellow camp

@quantglide Or, just use your bot. lol

You need to get the fundamentals down first. Before learning what options are... Learn what Forwards are. Then Futures. Options are the final step, not the first one. You don't learn how to swim in the middle of the ocean.

@JDVance '

There’s a reason President Trump is respected by world leaders, and it’s because he’s consistently shown a level of strength that we haven’t seen from our Commander in Chief in modern history.

@EthanLevins2 Such a strong man — can’t even sip champagne without looking like loser.

Trump has never had alcohol in his life. China gave him a beverage to toast, and Trump drank it. This is a very subtle, but STRONG statement on who’s really in charge. x.com/MAGAVoice/stat…

@DineshDSouza “Paid partnership” post says all you need to know.

Wow, I have no idea whether these allegations are true. But Massie has become an obstacle to the GOP and a willing ally of the Democrats. So I’ll be glad to see him go down.

This week started with administration officials refusing to acknowledge that Russia started the war in Ukraine. It ends with a tense, shocking conversation in the Oval Office and whispers from the White House that they may try to end all U.S. support for Ukraine. I know foreign policy is not for the faint of heart, but right now, I am sick to my stomach as the administration appears to be walking away from our allies and embracing Putin, a threat to democracy and U.S. values around the world.