Coco Lewis

A Magellanic penguin making sure the seals were asleep before walking past them..

How can consumers compete with Big Tech? Electricity, GPU, DRAM, etc.

The floor will drop when one of the Big Tech announces reduced CAPEX in the future. We're not there yet.

Really curious what $HD and $LOW will say during conference call.

Puffin appears to toil uphill bringing home the catch. Northumberland 2019

Running up that hill

#seabirds #ukwildlife
#photography

Could have pulled off blaming everything on Biden if it wasn't Trump going crazy on tariffs. Now even the most disengaged voters know about the tariffs raising prices.

I guess the Hispanic voters are having buyers remorse. Who would have thought the leopard would eat their face?

Destroying the economy with gov't shutdown while controlling WH, Congress, and Supreme Court. Trump is very "smart".

Let that happen right before 2028 election. Swing voters have short memories.

Falls Church (Northern Virginia) is very educated, affluent, and very blue.

It's great to see the Terns back..

Samsung's DRAM business (they don't separate foundry and memory business in earnings report) is printing money. DRAM price shot up over 50% in the past 2 months due to AI. Samsung has the largest manufacturing capacity for DRAM in the world. They still can't pass the HBM4 test for NVDA.

Worried about the offshore wind project (CVOW) that's slated to finish next year. I can see a world where Trump admin tries to cancel the project if the Democratic Governor wins in November.

OpenAI has Netscape vibes.

The margins on hotels and venues must have cratered.

We're entering the very beginning of the AI bubble. Non-performing CAPEX made with borrowed money.

That meeting could have been an email. Only thing concrete that was agreed on was that they will meet in person next spring.

It's the AI boom and tech is spending like madmen (not just on CAPEX). Who knows what happens when this bubble bursts.

Congrats!

K-shaped recession. The rich will thrive because the Fed will print money and put a floor on the asset price. The bottom 50% will get hammered even more because they won't have income when they live paycheck to paycheck.

2 puffins with full beaks of sandeels looked at mournfully by another with nothing. Isle of May, Scotland 2023.

The haves and the have nots

#seabirds #ukwildlife
#photography

This is the same story for any company in every sector that expanded production to serve the Chinese market. Auto, petrochemical, electronics, pharma, luxury fashion, retail, etc. They all got their IP stolen and helped create their own competitors in the global market. Chasing short term profit.

Gas is cheaper, but new cars and specifically car parts are getting more expensive due to tariffs. Car insurance also is following replacement cost. But the thing slapping people's face is biweekly grocery price.

Everyone is cheapening money at the same time.

Relying on the Chinese supply chain will destroy you in the long run.

The neverending boom and bust cycle of memory market. Maybe 2027 would be the beginning of the bust cycle.

Fighting puffins on Skomer Island, Wales #birds #seabirds #skomerisland #pembrokeshire #wales #birds #nature #colours #wildlife #dominance

Democratic operatives (many of them leftists) were genuinely freaking out about Project 2025. Problem is, none of the moderate swing voters or far left voters on the fence cared or believed it.

FCX. AI bubble and cheap money will drive copper price.

Gold is the new Gold.