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Jorma

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Posts posted by Jorma

  1. 14 hours ago, SiP said:

    Nice reversal on Nvidia. The Q is whether this was a minor top or it's just great buying opportunity?

    1000 for nVidia is a pretty high mark at the moment.

    This AI, or to be more accurate AGI and ASI madness if it continues, is going to need a lot of compute. Compute is the current term used in AI circles to mean the computers to develop and then  perform the AI. A lot of compute.  A lot of money to be borrowed and I would operate on the assumption that every bank in the US today has a green light to lend for AI. Like every bank has lent to oil drillers for 25 years. Oh sure, there have been dozens of billions of defaults. So what? It isn't even a flesh wound. Billions, trillions, whatever. The US with it's continuing record output has totally rewritten the global supply demand balance.

  2. The worlds richest people and corporations are in the thrall of visions of being like gods. At the vanguard of a million years of evolution, ready to take on the solar system and then beyond.  For all humanity, and all fate to boot of course.  If not gods at least kings. How wonderful.  For some reason unlimited energy is always baked into these things but never mind that.  More energy isn't on the way despite the hype but in the meantime more money will be and a lot will be needed to build out our robot overlords and Mars colonies.

    I mean a lot of money. That's why crypto is so hot. People want more money and there isn't a way for the banking system with all that old 15th century double entry bookkeeping can supply it. Crypto is a zany way to do it but people are desperate for more money.  How about Amazon or Tesla bucks?  The sky is the limit on this money thing. 

    Visions of galactic scale liquidity suggest caution.

     

     

  3. 1 hour ago, TSlim said:

    Fraud Street wants lower rates so bad. But most folks aren't even mentioning QE. What if the 10-year doubles from here? 

    There is no need to mention QE, it's a given. Let's not forget last Springs bank bailouts.  Numbers 3 and 4  of the biggest of all time. No sweat. Some little fly buzzing around easily swatted away. The chances of a lack of liquidity, as the system now operates, is zero. This rally is just the preQE run up, is a good way to tell a story.

    TNX doubling? Right, and I'm the king of Sweden.

  4. 5 hours ago, DrStool said:

    I am simply going to stop even attempting to explain the divergence between the BLS reports and the tax data. It's a mystery, wrapped in a riddle, inside an enema. 

    https://liquiditytrader.com/index.php/category/monetary/

    Can't stop trying to understand why. This is where things started going off the rails last spring. It does not compute. Who isn't paying taxes, and how?   As for the jobs numbers, here in the Rust Belt it's impossible to not to be able to find a job, although the surplus of those willing and able to work at a job relentlessly shrinks.  

  5. 5 hours ago, DrStool said:

    I am simply going to stop even attempting to explain the divergence between the BLS reports and the tax data. It's a mystery, wrapped in a riddle, inside an enema. 

    https://liquiditytrader.com/index.php/category/monetary/

    Can't stop trying to understand why. This is where things started going off the rails last spring. It does not compute. Who isn't paying taxes, and how?   As for the jobs numbers, here in the Rust Belt it's impossible to not to be able to find a job, although the surplus of those willing and able to work at a job relentlessly shrinks.  

  6. It's been a couple of weeks since the FTC approved Cyrpto ETF's.  So we are getting into decent interval territory. wherein there is a moonshot and just enough distance from a major policy decision to give some plausible deniability.  This isn't a prediction but just a model. 

    You know Crypto isn't dependent upon double entry bookkeeping and double entry bookkeeping is a problem if you want to get to Mars.

  7. 48 minutes ago, MisFit Kid said:

    Is this the Trump won IOWA, we better do something rally?

    >: a 100 point ripper on the SPX ain't what she used 2 be,

    Officer Barbrady..."move along, nothing to see here"......

    No. On the news front it's the passage of a 7 week funding bill. Everyone was worried the hard core in the House was really going to do it this time and shur er down. So silly.  No, little Mike Johnson did was all other congressional GOP leaders have done for years  after they get an offer they can't refuse. They fold.  Now who delivers these offers they can't refuse I'll leave you to guess.

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