"The top 10% largest US stocks now reflect a record 76% of the US equity market.
This has officially surpassed the previous record set before the Great Depression in the 1930s."
(The Kobeissi Letter)
#collapse
@dafloh.bsky.social
»It's easier to fool people than to convince them that they have been fooled.« (Mark Twain)
"The top 10% largest US stocks now reflect a record 76% of the US equity market.
This has officially surpassed the previous record set before the Great Depression in the 1930s."
(The Kobeissi Letter)
#collapse
"They're belly might be full, but their spirit is empty."
07.08.2025 21:04 — 👍 0 🔁 0 💬 0 📌 0..from Autistics to people on Antidepressants to RV Nomads to the homeless to our vulnerable mentally ill..
SO MUCH FEAR
youtu.be/Plhym4azoo0?...
This would mark an extraordinary, unprecedented, and alarming level of interference in what has historically been a fair and systematic process. The previous NCAs were authored by hundreds of scientists who were leading domain experts in their fields. www.cnn.com/2025/08/...
07.08.2025 15:28 — 👍 183 🔁 102 💬 12 📌 14Election theft in broad daylight. 5 alarm fire🔥.
We are over the cliff. 🇺🇸
Oh look, the French environment ministry said the fire in southern France had destroyed the same amount of land in 24 hours that wildfires typically burned across France in a year.
#GoodLuckWithThat
#collapse
Selbst die Mehrheit der Unionswähler war für Brosius-Gersdorf. Auch die Mehrheit der Unionswähler lehnt eine Zusammenarbeit mit der AfD ab. Aber CDU-nahe Millionäre bezahlen Millionen, um CDU-Abgeordnete mit Fake News zu indoktrinieren, die Wähler sollen folgen. Der Rechtsruck kommt von oben.
07.08.2025 11:30 — 👍 2083 🔁 646 💬 54 📌 11Polizei Hamburg will Videoüberwachung mit „KI“: Doch das System hält eine Umarmung für eine Schlägerei. Matthias Marx, Sprecher des CCC: „Das System kann nicht leisten, was es verspricht“ taz.de/Kuenstliche-...
05.08.2025 16:31 — 👍 50 🔁 18 💬 0 📌 1You lot better stop this fast.
07.08.2025 09:59 — 👍 1 🔁 2 💬 1 📌 0Europe's hellfire: France's killer wildfire the size of PARIS continues to rage after tourists in Spain are evacuated and country reports more than 1,000 have died from the heat > www.jintegracao.com.br/noticias/eur... #ClimateCrisis #Heatwave #Wildfire #Ribaute #Aude #France #Spain #Europe
07.08.2025 09:40 — 👍 14 🔁 4 💬 1 📌 2This really feels like a defining post of our time
06.08.2025 20:49 — 👍 4814 🔁 840 💬 123 📌 186Wir sollten uns daran erinnern, wenn die Spanier flüchten müssen. Tick-Tock.
07.08.2025 10:51 — 👍 1 🔁 0 💬 0 📌 0Capitalism will love this. Actual people will hate it but of course there not important. More blood for the blood god.
Our skies are about to be filled with products that can drop and kill you, and so, so many ads
Data Center Developers Aren’t Making Money On AI Either, And Big Tech’s Capex Is The Majority Of “AI Capex” Last week, the Wall Street Journal published one of the more worrying facts I’ve seen in the last two years: Investor and tech pundit Paul Kedrosky says that, as a percentage of gross domestic product, spending on AI infrastructure has already exceeded spending on telecom and internet infrastructure from the dot-com boom—and it’s still growing. He also argues that one explanation for the U.S. economy’s ongoing strength, despite tariffs, is that spending on IT infrastructure is so big that it’s acting as a sort of private-sector stimulus program.…Capex spending for AI contributed more to growth in the U.S. economy in the past two quarters than all of consumer spending, says Neil Dutta, head of economic research at Renaissance Macro Research, citing data from the Bureau of Economic Analysis. A global accounting of this infrastructure spending would be even bigger, as it would include capex from these companies’ most important partners. Foxconn has recently spent big building out factories for Apple in India, which just supplanted China as the source of the majority of U.S.-destined iPhones, according to Canalys. And the world’s largest chip manufacturer, TSMC, spent about $10 billion on capex in its most recent quarter. The massive buildout of data centers — and the associated physical gear like chips, servers, and raw materials for building them — has become a massive, dominant economic force…building capacity for an industry that is yet to prove it can make real revenues. And no, Microsoft talking about its Azure revenue in its last quarterly earnings for the first time is not the same thing, as it stopped explicitly stating their AI revenue in January (when it was $13 billion annualized). Anyway, AI capex allegedly — though I have some questions about this figure! — accounts for 1.2% of the US GDP in the first half of the year, and accounted fo…
GDP and other measurements of the economy aren’t really something you can fudge quite as easily (at least, in transparent, democratic societies), nor can you say a bunch of fancy words to make people feel better in the event that growth stalls or declines. This leads me to my principle worry: that “AI capex” is actually a term for the expenditures of four companies, namely Microsoft, Amazon, Google and Meta, with NVIDIA’s GPU sales being part of that capex too. While we can include others like Oracle, Musk’s xAI, and various Neoclouds like CoreWeave and Crusoe — who, according to D.A. Davidson’s Gil Luria, will account for about 10% of NVIDIA’s GPU sales in 2025 — the reality is that whatever economic force is being driven by “AI investment” is really just four companies building and leasing data centers to burn on generative AI, a product that makes a relatively small amount of money before losing a great deal more. 42% of NVIDIA’s revenue comes from the Magnificent Seven (per Laura Bratton at Yahoo Finance), which naturally means that big tech is the lynchpin of investment in data centers.
Yet the scariest part is that AI capex contributed more to growth of the US economy than *all consumer spending* in the first half of 2025...and almost the entirety of that spend was Meta, Amazon, Google and Microsoft. This is a giant systemic risk.
www.wheresyoured.at/ai-is-a-money-trap/
there's an episode of The Simpsons where Marge tries to get a violent cartoon pulled from the airwaves, only to discover that the people backing her aren't going to stop at just the art that *she* doesn't like, and that supporting artistic freedom means accepting discomfort.
It aired in 1990.
Differenzierung gerne, hier meine Version. Ignoranz setzt sich zusammen aus Verleugnung, Verdrängung Rationalisierung/Ausreden, & Scheinklimaschutz (so tun als ob). FFF konnte nur Verdrängung & kurz Ausreden brechen. Heute sind alle Quellen der Ignoranz so stark wie 2017. Das wird fix nicht reichen.
06.08.2025 08:29 — 👍 23 🔁 7 💬 1 📌 0"But he's carving out a microchip exception from the 32% tariff"
He says a lot of things, beautiful things, the most things, things you wouldn't believe, they come to me with tears in their eyes, asking me about those things, those beautiful things he says
Oh, the CHIPS act that would provide $280 billion in government funding for US microchip fab, 25% tax credits, $39 billion subsidies, etc?
The rapist in chief said he wants to end it.
Those foundries were kinda counting on that money to be there.
en.m.wikipedia.org/wiki/CHIPS_a...
Deutsche Linke sagen gern, dass die Reichen die Welt kaputt machen.
Sie sagen aber nur ungern, was dazu gehört: dass die meisten Arbeiter*innen im Deutschland im globalen Maßstab selbst Reiche sind. Weil imperiale Lebensweise & Externalisierung.
Linke Verdrängung = Verdrängung.
This is just soooo confusing to me... it's 2025. We've been having that "conversation" for 50 years and now we're fucked.
07.08.2025 07:24 — 👍 1 🔁 0 💬 0 📌 0Good mournings #doomisphere 🤗
BOOM! 😃
This week just keeps getting better and better... new essays | interviews by | with W. Rees, J. Hansen and now... J. Tainter! 🥰
Enjoy! 🤩
#OvershootOverkill
#TEOTWAWKI
#Collapse
#NTHE
#👹
ICE recruiting poster with an old man and a young man that says "no age gap, join ice now"
I knew it was gonna be a trip, but it's been a trip.
07.08.2025 04:30 — 👍 324 🔁 59 💬 46 📌 73A quote from Garry Kasparov: ”Saying you would deal with Vladimir Putin by getting along well with him only means that Vladimir Putin has already dealt with you.”
The truth may sometimes be expressed with just one brutal sentence because it is the most relevant option for describing the brutal truth.
07.08.2025 06:13 — 👍 63 🔁 25 💬 1 📌 0Teheran wird als Millionenstadt nicht zu halten sein. Aber bitte trotzdem nicht über Verluste in der Klimakrise reden, ob in den Alpen oder wo auch immer, es verunsichert die Menschen nur 😵💫
07.08.2025 05:07 — 👍 125 🔁 54 💬 6 📌 4So apparently, it may turn out that The Wizard of Oz at the Las Vegas Sphere wasn’t entirely made in AI and Google threw the VFX crew under the bus by claiming it was all done by artificial intelligence.
If true, then fucking yikes.
The reason it’s so powerful is that it turns /your body/ into the factory that makes the drug. It’s so exciting that the US not working on it will be seen as one of the biggest self-owns in history.
06.08.2025 03:59 — 👍 3437 🔁 248 💬 34 📌 8