The loom, steam engine, tractor, and computer. Each improved the world in time, but came with a difficult adjustment period... AI could end up being the most disruptive of all...

... the S&P 500 P/E multiple is nearing levels it has seen during each of the past two Tech bubbles (2001 and 2021)

"I hope that one day you get pancreatic cancer, and it spreads throughout your body so fast that they can’t even treat you for it..."

DOJ lawyers argued that President Donald Trump’s posts cannot be considered direct evidence of a vindictive motive...

The DOE and the NRC recently signed Addendum No. 9 to their 2019 Memorandum of Understanding (MOU), paving the way for faster follow-on licensing of advanced nuclear reactors and nuclear fuel technologies

US banks are not significantly tightening loan standards, which is a factor suggesting credit spreads can continue to grind lower...

...with the key risks coming from: (i) AI exhaustion and (ii) higher bond yields / spike in bond vol...

Homeowners who sold off their properties in the third quarter made a 49.9% profit on a typical single-family home or condo...

The Pentagon chief praised South Korea for its plans to raise military spending and called the Asian country a ’model ally' of the United States...

“It’s already fragile from October’s massive liquidation event and a string of protocol exploits.”

Increasing oil production is expected to maintain short-term downward pressure on prices. However, UBS holds a constructive... 

Thune has floated an offramp...

The ground stop at Washington DCA due to a "security incident" has been lifted.

Surging money growth and a weak economy are generating trillions of dollars of excess liquidity in China which is leaking abroad, inflating global asset prices...

Oh Snap...

i) Taiwan, ii) democracy and human rights, iii) China’s political system, and iv) development rights are Beijing’s four red lines... which means Trump will trample all over them as soon as he can. 

Dollar ripping, gold flipping — last time the dollar traded here, gold was around $3,400.

"Dick Cheney was a great and good man... a noble giant of a man..."

The funds will go toward three weeks of child nutrition benefits for nearly 7 million recipients...

Burry not only sees a bubble... and is doing something about it.