Oro LoBo

Paul Tudor Jones called Elon Musk "the poster child for the French Revolution" - then said "grow our way out by cutting taxes? complete bullshit, the bond market will revolt" this is the most legendary macro trader explaining why America's debt will end in default, why AI experts think there's a 5% chance it ends humanity, and how he's traded through every crash since 1976 "Elon looks a thousand years in the future with space travel, but his governance goes back a thousand years. very tribal. he's going to take his net worth from $250 billion to $500 billion at the expense of millions of knowledge workers" "this year the US Treasury is bringing $2.8 trillion of debt to market. by 2050 we'll have 250% debt to GDP. well before then we'll have lost our reserve currency status. we will clearly have a debt default" "58% of AI experts said there's a 5% chance AI could end humanity. how do you risk manage a 5% chance of the end of humanity? no futures contracts for that" "price charts never lie. I've seen many people confuse being right fundamentally with making money. you can be right fundamentally and absolutely lose your shirt and go bankrupt" bookmark & watch the full conversation ↓

Over the past 34 years, healthcare has replaced manufacturing as the top employer in the vast majority of states.

Russia realizing the entire world has no problem with them killing Lindsey Graham

Fox's Rachel Campos-Duffy calls out Netanyahu on his plan to "merge" the US and Israel's militaries. "Will that drawing down of foreign aid [over the next ten years] be compensated by the proposal to have a merging of some sort between our Pentagon and your military?" "Yeah," Netanyahu responds. "I'm calling it, 'From aid to partnership…'" "I think the meshing of our two great countries of talent would strengthen America's competitive position." "[That] certainly brings up some issues of sovereignty," Campos-Duffy responds.

There is a lesson here:

I think Putin 🇷🇺 would be wise accepting a ceasefire with 🇺🇦 now. He might still believe that his situation will improve, but even people around are beginning to see that things will go downhill. No major progress along the frontlines, continued 🇺🇦 strikes on refineries and increasing problems supplying Crimea. But - sorry to say - Putin is unlikely to yield. Yet.