The Economy is WEAKER than going into late-1929.

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In 2026…. (compared to 1929) – The Stock Market Bubble is far bigger. – The Private Debt is much larger. – The Fiscal and Public Debt situation is worse. – The Consumer is more depressed. – The Industrial and Manufacturing growth is lower. – Inequality is around the same. – The Housing Market situation is … Read more

The Energy Crisis Escalates: The Dual Threat Of More War In The Middle East And Hurricane Isaias Damaging U.S. Refineries In The Gulf Is Pushing Oil Prices Even Higher

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by Michael Just when it seemed like we had hit a period of relative calm, global events are starting to accelerate again. Within the past 24 hours, there have been a couple of absolutely enormous developments. First of all, Tropical Storm Isaias has become Hurricane Isaias and we are being told that it will make … Read more

TLT is down 8.5% this year. Now call-option volume has tripled. Is Wall Street betting the bond rout is nearly over?

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THIS IS ABSOLUTELY MIND-BLOWING: Call-option volume on the 20+ Year Treasury Bond ETF, $TLT , has exploded to a record 14.9 million contracts over the last month. This is TRIPLE the levels seen in January. This signals rapidly growing bullish positioning toward long-term Treasuries, as call options give traders exposure to a potential rise in … Read more

AI Is Coming for Software Subscriptions. Google Could Be the Winner.

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AI agents are learning to reverse-engineer existing software and recreate its features without access to the original source code. If that becomes cheap and reliable enough, software companies could lose the advantage that lets them charge customers recurring fees for products that took years to develop. REA (Reverse Engineer Anything) gives AI agents tools to … Read more

SoftBank pulls the plug on Lordstown’s giant data center dream, OpenAI revenue comes in $20 billion below earlier figures

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Woopsie. OpenAI tells Lordstown, Ohio county officials it’s cancelled plans for a multi-gigawatt data center at the Foxconn site. $ORCL $AMD 1. SoftBank’s written admission to Lordstown officials Lordstown council members specifically asked whether a full-scale data center was… — Roger (@rdd147) October 8, 2026 OpenAI’s annualized revenue $20 billion less than previously signaled, FT … Read more

Is France Too Big To Bail Out, and Could a French Crisis Finally Bring Down The Entire Euro System?

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France is getting downgraded by every major rating agency at once, and the reason is a deficit it cannot control. France has blown through the EU's 3% deficit limit every year for the better part of a decade. It hit 9% of GDP in 2020 and still runs around 5.5%, and the… pic.twitter.com/3iEFK5oD4X — Kurt … Read more

HOUSING CRASH 2.0? Mortgage applications plunge 58%. HOA defaults spike 500%. Fannie Mae triggers mortgage crackdown.

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The U.S. mortgage market is in its biggest recession in U.S. history. Applications to purchase a home are down 58% from the pandemic peak in 2021. Today’s mortgage purchase index of 145 today is lower than at any point in the 2009-2012 housing bust. And is now back the same level as 1995. Not only … Read more

AI is carrying the market while a weaker economy changes which ETFs make sense

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The point isn’t to permanently avoid small caps, REITs, dividend stocks or even AI-heavy ETFs. The conditions can change. For VIOV, the signal to watch is lower borrowing costs combined with evidence that the economy is slowing without falling into a deep recession. If Treasury yields begin falling materially and small-cap earnings stop deteriorating, the … Read more

Wall Street has already made more money in six months than NYC expected for the year

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Wall Street profits are on track to reach all-time highs as they surpassed expectations during the first half of the year, the New York State Comptroller’s office revealed. In a new report released by New York State Comptroller Thomas DiNapoli, Wall Street’s profits of the first half of the year surpassed $45.3 billion, as jobs … Read more

Russia kills 33 civilians in Kramatorsk bus strike after a deadly barrage leaves dozens dead across Ukraine

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Ukrainian emergency officials now put the toll at 33, with 18 wounded, amid a broader wave of Russian strikes. https://twitter.com/_/status/2108137932955738589 Horrifying reports are emerging from Kramatorsk after a Russian strike. Regional authorities say the death toll has risen to 33, with another 18 people injured. Footage shows bodies lying on the road. #Ukraine pic.twitter.com/9QcN0bEiQV — … Read more

Waymo is expanding, with $5 billion loan.

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Waymo, the autonomous vehicle technology company under Google parent Alphabet, closed a $5 billion loan from a series of high-profile lenders, including PIMCO, Blackstone, and Sixth Street. The debt financing — Waymo’s first — comes as the company accelerates its commercial expansion within existing cities while pushing into new markets in the United States, Europe, … Read more