AI >>job losses & political division, #MSFT #OpenAi, #ORCL / Precious metals up 'what else' #XPT / Merz !
- Stéphan
- 3 days ago
- 3 min read
Markets : big backlog of U.S economic data is coming this week, "Microsoft Scales Back AI Goals Because Almost Nobody Is Using Copilot", some Oracle Data Centers for OpenAI delayed to 2028 From 2027, OpenAI will spend $6 billion on stock-based compensation this year, half of its revenue (read that again..!), Chile far right wins presidential election runoff (a trend in LatAm), , China retail sales down 1.3% yoy in Nov (property sales down 16% yoy, and fixed asset investment are down 2.6%-yikes), U.S layoffs in late 2025 are accelerating >>>> Bond yields up a little even in deflation-weak China, FOMC cut, but global rates don’t care #duration— and that’s not great news for risk and equities in general, however...precious metals! 'what else'... PLAT now on 14year highs, SILVER and GOLD keep on trucking, even PALL is waking up too.., USDOllar remains soft, risk is a decent move lower into year-end, and BTC is ....doing nothing sitting just above recent lows near $90K...
AI in a nutshell.... : “I’m concerned that a small number of highly educated multi billionaires living on the coasts will be viewed as having created technology that puts millions out of work” “This promises even more social and political division than we have now, making the world ripe for populist demagoguery.”....''avoid disaster...''
The Federal Reserve has started buying short-term government bonds (i.e., government debt) to increase bank reserves, which is why we cannot call it Quantitative Easing/Thread
Merz : '''the decades of Pax Americana are largely over for us in Europe, and for us in Germany as well. It no longer exists as we knew it. That's the way it is. The Americans are now very, very aggressively pursuing their own interests. And that can only mean one thing: that we, too, must now pursue our own interests.'''
UK's Miliband isolated as EU prepares to reverse petrol car ban
Shanaka Anslem Perera ⚡ on X: "THE GRID WILL BREAK FIRST Texas just received requests for 226 gigawatts of data center power. The entire state runs on 85 gigawatts. Here is what nobody is telling you. ERCOT's interconnection queue nearly quadrupled in twelve months. From 63 gigawatts in December 2024 to https://t.co/Q0M9ibgrqn" / X
Also Microsoft $MSFT rolling out absolutely insane price increases +43% for Microsoft 365 personal subscriptions
They burned through $12 BILLION in one quarter building data centers. Their free cash flow? NEGATIVE $10 billion, no near-term revenue and HUGE Capex spent
OpenAi's fate will be to be aquired by somebody like Microsoft, at a fraction of its ridiculous valuations..
Again, this is not really QE at all, and inflation expectations at near 4.5% ! jeroen blokland on X: "The Federal Reserve has started buying short-term government bonds (i.e., government debt) to increase bank reserves, which is why we cannot call it Quantitative Easing. At the same time, Trump is making it extremely clear that ‘Federal Reserve independence’ is a myth by https://t.co/NJj9VgDVH2" / X
More ranting and more lies.. so much of it around, it's hard to pick the best of the day.. StockMarket.News on X: "Trump says the US has "taken in $18 trillion due to tariffs," he's not talking about revenue collected at the border. Instead, he's referring to "investment" commitments from companies and foreign governments that have pledged to spend money in America to either get tariff https://t.co/JnzIcMTuBi" / X
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