𝗕𝗹𝘂𝗲𝗕𝗮𝘆𝗡𝗲𝘁𝘄𝗼𝗿𝗸 retweeted
Replying to @EricLDaugh
After 3 years Musk out of the blue decided to throttle the service. Give me a fckn break.
Looks like Trump bent the knee to Canada
Exclusive: President Trump is expected to remove 50% tariffs on some Canadian products in a bid to help Maine Sen. Susan Collins and other Republicans in the upcoming midterms on.wsj.com/4idA94V
Bro, NOBODY wants to sell their compute.
DeepSeek doesn't even want to let investors in because they have no use for money- they want COMPUTE.
But they can't get it for any money in the world.
Literally none of the big players would want to switch positions with Elon:
Having a meme AI model that is 8 months behind and so underused that you have to sell your compute (which originally was hailed as your unique competitive advantage)
Hailing SpaceX for growing their AI revenue through compute rentals is the equivalence of hailing a girl who drops out of Harvard Law school to suck old people's dicks because she earns more than her classmates.
So let me get this straight.
SpaceX gets a 6 month to 1 year payback on MASSIVE compute clusters.
It can then turn around and sell the capacity to customers at MASSIVE premiums as the demand for tokens continues to go exponential.
Once those massive clusters are paid off, it can then repoint that same capacity at its OWN models (Grok/Grok Bot) and make insane margins on clusters that are already paid off.
And it's working on creating an entire vertical stack that includes making its own chips (Terafab).
How is this not the most valuable company in the world?
$SPCX
The Magnificent 7, which includes $META, $TSLA, $NVDA, $GOOG, $MSFT, $NFLX, plus $CRWV, have blown through $150 billion in one year combined yet have a combined market cap of $20 trillion 😂😂😂😂😂😂😂.
The Magnificent 7 are a magnificent joke.
This may be the biggest bubble in history and will end very, very badly.
Replying to @BlueBayNetwork
Assuming Mag 7 excl. Apple + CoreWeave (approx mid-2025 to mid-2026 data):
Opening cash ~$460B, ending cash ~$644B.
Opening debt ~$380B, closing debt ~$720B.
Net cash balance decreased ~$156B as debt rose faster on AI spend.
𝗕𝗹𝘂𝗲𝗕𝗮𝘆𝗡𝗲𝘁𝘄𝗼𝗿𝗸 retweeted
Vivek Ramaswami should be ashamed of himself for attempting to exploit the obviously troubled mother of a sex abuse survivor. Dr. Amy Acton was allegedly raped by her stepdad with whom the mother stayed married. The rapist reportedly fled and died a fugitive. Politics is a scummy game, but this is beneath contempt. Ramaswami must renounce this ad ASAP.
SpaceX $SPCX has now become a US only company. The growth of SpaceX is now curtailed and in fact you will see a decline in growth in the coming years. The US is a country and 350 million people in world of 5 billion. What Trump has done is isolate the US where countries will no longer rely on US technology.
New speed limits on Starlink terminals, operated by billionaire Elon Musk’s SpaceX, disrupted drone attacks over Russian-occupied Ukraine, Ukrainian officials and military units said on.wsj.com/4hVZKz1
Trump has now made the US a laughing stock. Ukraine and Russia agreed to a cease fire because i said they did 🙄. This officially is jumping the shark. The US can no longer impose its will on the world and Trump confirmed it.
This is shocking.
Major AI firms including show cash rising from $420B two years ago to $805B recently, yet debt climbed faster from $560B to $985B due to AI spending, leaving net cash more negative. Note this does not include ChatGPT and Anthropic. Would make the numbers much worse.
• Despite no net cash generated after debt over two-plus years, the stock market value of these companies has risen by trillions, revealing a sharp disconnect between fundamentals and valuations.
• I think this is a ponzi.
𝗕𝗹𝘂𝗲𝗕𝗮𝘆𝗡𝗲𝘁𝘄𝗼𝗿𝗸 retweeted
The AI maximalists say that we need AI to do all the jobs so that we can be freed to do more meaningful things like make art and read to our children. But then they also want AI to make art and read to our children. So what exactly will be left for humans to do? The answer, though they won’t admit it, is that we get to be passive consumers sitting around slack jawed staring at screens until we die. That’s the only form of happiness these people can conceive of. It’s all any of us should want, as far as they’re concerned.
The US is trapped and will effectively join Venezuela if it does not get its fiscal house in order. It is widely known for an extremely inefficient healthcare system when costs are normalized across the G7. It is running an 8% deficit-to-GDP, and debt-to-GDP is almost 140%.
With these numbers, Bond yields should be at 8% not 5%
I guess you can argue the US can increase taxes. But that would tank the economy. The US is bankrupt.
This is outrageous that Elon is supporting the breaking up of Canada. Going forward a canada needs to ensure there is maximum competition against Musk companies.
Canada should remove the EV credit from all Teslas.
A must-read post. The US failure to date in Iran, the weaponization of the USD, and China's rising military power—while China enjoys lower borrowing costs—confirm that China is becoming the new superpower.
IS THE BOND MARKET PRICING IN A NEW GLOBAL HEGEMON?
In the newsletter (inspired by our conversation with @CarolinPflueger) I wrote about the huge spread between US and Chinese sovereign borrowing costs, and what it might imply about a shifting balance of geopolitical power.
𝗕𝗹𝘂𝗲𝗕𝗮𝘆𝗡𝗲𝘁𝘄𝗼𝗿𝗸 retweeted
Let's make something crystal clear. Anyone claiming the "Battle of Hormuz" has been won citing nothing but flow data is acting in bad faith.
Let's make something else crystal clear. The US cannot actually win the "Battle of Hormuz." There is no endgame that results in status quo ante bellum, a free and open waterway navigable by all without obstruction or interference. That ship has sailed, pun very much intended.
Can the US restore 100% pre-war flow of ships and product? Yes, eventually. Will oil prices return to pre-war levels? Yes, eventually. But as long as Iran exists in its current form, it will always exert its newfound influence over the Strait. Meaning there will always be added risk and that added risk will always be reflected in the costs to operate in and around the Persian Gulf and the Strait of Hormuz. That is just unavoidable at this point.
That is before we even begin to consider the cost in man, materiel, and money that went into this absurd conflict and the impact it will have on our ability to maintain readiness for future conflicts.
American military support is the only reason export flows through the Strait have been revived to the current reduced levels and the military cannot continue these operations indefinitely. All infrastructure to sustain a permanent presence in the region is destroyed.
The Navy, in particular, has been stretched as thin as it could possibly be just to maintain a blockade and air presence. Never mind bring ships anywhere near the Strait of Hormuz itself.
Can the military outlast the rapidly devolving economic situation in Iran? Maybe. But at incalculable cost and Iran has spent the last 47 years being exposed to extensive economic pressure and in spite of all of this they're 31 weeks into a 4 week war and still putting the screws to shipping traffic while the US Navy moves its blockade line back out of fear of anti-ship missiles.
This may be the most divisive President in history. What President would say let Iran take out Los Angeles and San Diego. I am sorry, it’s official that anyone who supports Trump is a MAGATARD
US 10 year bond yields are up to 5.3%. Oil is only up to $91. This is what I think is happening:
- the market is pricing in a Great Recession resulting in spikes in the deficit and debt. Credit risk is increasing
- oil is not up as you would expected with supply constraints because demand destruction coming from the Great Recession.
Buckle up.






















