TriCap

we have forsaken virtual god, and now face his imaginary wrath

TMIAM

Good one. Nvdia also has well established business lines they can work on outside of AI chips, which makes the attack quite survivable regardless how well TPUs do or ultimate size of LLM market.

I hate that for him, but yeah.

It’s still a 7 vote threshold in that action?

Well, the other thing I'll tell you that I find very interesting is these regional presidents were supposed to be people from the district, and it was supposed to break the New York hold on the Reserve Banks. And we've got at least three, maybe four, the Reserve Banks, where people were hired from outside the district. They don't they don't even live in their district. They commute back to New York. So these are New Yorkers. They are going out into the country and then coming back on weekends. I'm not sure that's the way the Federal Reserve was designed.

Scott Bessent on CNBC this morning made sweeping criticisms of the regional Fed presidents. One scenario often discussed among analysts is that a Trump-controlled Fed board could decline to reappoint all the presidents when their terms expire at the end of February.

I have no idea friend. Just offering a challenge to your hodl.

"There's no reason to think the economy will bottom until interest rates are substantially below neutral" is what I'm working with.

1/2 the drag should fall off in ‘26 as tariffs are reduced or lapped. And you can’t go low enough to offset a fiscally forced employment contraction in my estimation. Rates that low should inflate non-trade economy.

Not killing it, just cutting its volume and GP% in half over 18 months. :)

You can see this in financial markets losing efficiency since 2016, politics too.

Idea I’ve seen: Until SM, ‘madness of crowds’ processing information was mitigated by ‘the law of large numbers.’ Now that we know what everyone else is thinking, the ‘law of large numbers’ cant find its avg expected value on information.

Monthly volatility in nominal retail sales + auto sales has stepped up this year (left) reflecting tariffs/tax credits/seasonal adj challenges, but nominal spending growth is steady y/y (right) implying a step down in real given pick up in prices & auto demand is cooling--moderate trend + volatility

Yeah, we all saw the GOOG pieces, Gemeni 3 snapped them all together.

Nice, totally unexpected that other companies would make an effort with 75% gross margins.

GOOGL is now “they are the winner of this” AAPL is now “well at least the aren’t waisting a ton of money on something with now ROI” everything else feeling dicey

September PPI was soooooft.

Final Demand Goods ex Food/Energy was the slowest MoM since 2024.

Final Demand Services ex Trade Svcs up 7 bps MoM, weakest since April.

‘Exquisitely negotiated’? Nicky leaks fan fiction.

“In lieu of tangible economic data, we’ll be closely monitoring anecdotal evidence from Door Dash drivers to determine our next steps.”

Wow. UK continues to excel at the worst finance ideas imaginable.

New inflation tracker is born.

Happy accident for the dip buyers in GOOG.

Read the room bro. It’s an epic disaster that only a lower cost of capital can reverse.

The idea of lowering WAM is irresistible to morons.

An eternal obsession on this mortal plane and tier-1 HQLA.

“South Korea’s tech-heavy Kospi benchmark has surged 21% over the past three months with shares of heavyweight SK Hynix Inc, a key supplier to Nvidia Corp., having more than doubled”

Now that’s what I call a good time.

Delivering a message from Xi? I can’t believe it.

Prospective military action in Caribbean not part of this?