OpenAI wants Federal backstop!..bubble about to pop / Supreme court's ruling on tariffs / DB, hedge data centers
- Stéphan
- 14 hours ago
- 3 min read
Yesterday's tariff ruling is much bigger than most people realize/Thread, AND when big private companies (OpenAI) start asking for public funds to guaranty its debt, its a clear sign that this bubble will soon POP... and so of course Jensen Huang had to say this... 'China is going to win the AI Race,' FT Reports >>> this surely can't happen, the US surely cannot guaranty OpenAI's debt....i mean surely not...
Markets : A new jobs report shows modest growth — but with white-collar layoffs accelerating, AI bubble concerns grow (either way - the outcome of the concerbes are huge..can't ignore 'a sudden shift in sentiment-momentum..), Brazil’s central bank held its key interest rate unchanged at 15% for a third meeting as expected, markets look tired >>> AI bubble warnings signs growing, if/when it pops it'll be big, sell NDX rallies to hedge some, FX hardly interested (for choice, sell some crossjpy's), buy some VIX as another potential hedge into year-end
Trade : Opponents of Trump's tariffs had a good day at the Supreme Court
Geopolitics : GOP lawmakers rally behind Trump's Venezuela strikes as critics question legality
Deutsche Bank is exploring ways to hedge its exposure to data centers. It's looking at options including shorting a basket of AI-related stocks and buying default protection via synthetic risk transfers
Per Apollo: Earnings expectations have increased for the Magnificent Seven and declined for every other company in S&P 493!
“Transportation Secretary Sean Duffy warned on Tuesday he could be forced to close some of the national airspace if the shutdown extends another week...Freightwaves CEO: We should be worried. Certain portions of the goods economy are collapsing right now. Year-over-year trucking volumes is down 17%. When you look at the industrial sectors, we're down 30% year-over-year, which is Great Financial Crisis levels of concern
Andy Constan on X: "Assuming 10 year debt and 150bp of lower financing a 1tn bond guarantee would be worth 12% of proceeds. Or 120BN On a 1TN equity market valuation that would be a 12% stake in the company. As a tax payer I would be happy to guarantee OpenAI debt of 1TN for a free stake of 12% https://t.co/EpL66ICnia" / X
This IS nuts ! these guys, Musk, Karp, Thiel..etc want total control, dominate the world, politics, you name it, AND now want US government backing...
If that's ok, and clearly it is so, then reverse Brexit - simple Keir Starmer issues Budget warning - Brexit and austerity impact 'worse than feared' - The Mirror
Jake Sherman on X: "HERE is what trump just told senate republicans about last night. Trump thinks last night was bad for republicans and thinks the government has to open “immediately.” And he seems to believes the bad election results are directly related to the now 36-day shutdown. https://t.co/5YU9ngUgla" / X
>>> Trump can lie about many things, in fact just about everything from Epstein to tariffs, or crypto grift, govt shutdown, you name it, he's got ocntrol ish on this, but he cannot lie toamericans about inflation 'falling'.... pretty sure they don't see it day to day this way..
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