Alexander Steffanoff
3.4K posts

Alexander Steffanoff
@xanderNLP
Principal Data Engineer ❄️ Forbes 1337 under 1337 👹 CompSci BS, AI MEng - all 4.0🗿 MIAMI / ABZ / SOF 🗿 https://t.co/oCy4behK3M🫠 I don't sell courses.
UK / EU / BG Katılım Kasım 2022
310 Takip Edilen425 Takipçiler
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🚨 THIS IS NOT NORMAL
Nobody’s talking about this, but I will.
Since 1970, the median home is up 17x. The S&P is up 75x.
Home prices are anchored to construction costs, local supply and demand, rents, and physical constraints on land and labor.
So what is the S&P actually tracking?
Margin debt just hit $1.28 trillion. All-time record. Up 36% in one year.
Private credit blew past $2 trillion, most of it sitting outside any regulatory framework with real teeth.
Hedge funds are running Treasury basis trades at up to 18x leverage, betting on spreads measured in fractions of a percent, with $1.85 trillion on the line.
In 2008 you could at least point at the problem.
Subprime, CDOs, Lehman at 30:1.
Now it is scattered across private funds and derivative books that do not show up on any balance sheet the public can read.
The Fed has flagged margin debt, private credit, and basis trades in separate reports this year.
Flagging something and fixing it are very different things.
Markets do not crash when things get bad.
They crash when everyone holding the leverage needs the exit at the same time.
Look at that chart again. Then tell me the 75x is organic.
By the way, my next big investment will be posted on @InTheAssembly
Follow them before it’s too late. If you don’t, you’ll regret it.

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We have to tax the wealth of the ultra-rich. Over the last several decades, trillions of dollars have been transferred from working people to the rich.
This didn't just happen. Our government did this through tax policy, Fed policy, and labor policy.
Time to reverse it.
Bernie Sanders@BernieSanders
According to a recent poll, 77% of voters support raising taxes on billionaires. Maybe, just maybe, at a time of unprecedented income and wealth inequality, it’s time for Congress to listen to the American people and pass a wealth tax on billionaires.
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@NoLimitGains To confuse the enemy, one must first confuse themselves.
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@Sergio_fer7_ We need to maximize shareholder value. We don’t care about the people.
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Apple has been blocking AI apps in CarPlay for years ‘for security’. Now put ChatGPT but without wake word, without text on the screen and without control of anything. In other words: you can talk to the most powerful AI in the world from your car, but you have to touch the screen first to open it. Road safety as an excuse not to give way to Siri.
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