Effle
The related point here is how wealth concentration allows a country to “punch above its weight” on the global stage—through perceptions, military, celebrity wealth, and resource hoarding. Why do you think so many (of the privileged few) in the US want to replicate the “success” of fascist states?
Watch Tucker Carlson get a quick economics lesson after claiming Russia’s economy is bigger than Britain’s.
$2.2bb, which $shop is now classifying in the CF statement as “investment” rather than operational. Crazy world of leverage everywhere you look. Lever up or fall behind.
For a Canadian company, $shop Shopify is the quintessential American company. Loan merchants $1.6bb to sell to customers buying with $AFRM buy now pay later loans. The entire world is built on financial leverage while underpricing tail risk because everyone assumes government bailouts and inflation.
Reminder that our combined intelligence forces indeed found interference in US elections—in favor of Trump in 2016. The GOP led congressional investigation came to a similar conclusion. en.wikipedia.org/wiki/Russian...
When Wall Street insiders get to see the OpenAI prospectus details before you do, they apparently create a wave of market selling in the AI ecosystem. It can’t be as bad as SpaceX, right?
News that OpenAI has filed its confidential S-1 may be putting the massive new equity supply to the front of investors' minds, along with unwinding of leveraged bets on the big AI-related stocks. Volatility is clearly picking up again, and tends to cluster . . .
It’s incredible most don’t understand how much control over their lives exists in a few hands. Please never ever talk about markets as “free” or having an invisible hand. The US is the most opaque command economy in the world, and it’s not to benefit most of us. finance.yahoo.com/news/fed-con...
I dunno, @housedemocrats.bsky.social. They’re covering up pedophilia and refusing to prosecute murders by federal officers the whole world witnessed. That’s the line they’re comfortable crossing. It’s perhaps likely that your attempts to shame them will be less than successful.