To The Moon

News and my thoughts from the last week (22Jul24)

• Some are getting bullish with the recent market runs. Is America getting too big to fail or too big to save

• Why would we fund a failing business? Should this be applied to the government?

• Now that we realize the extent of censorship and misrepresentation from mainstream media, can we look at China again? China is more into collaboration than competition. There is no yearning to be the #1 superpower if they can not first take care of the citizens.

• Bangladesh is suffering a nationwide internet shutdown as students armed with sticks and hurling stones clash with police in protests against the government that reports said have left at least 39 people dead. - Bloomberg

Maritime security firms reported yet another Houthi attack off Yemen. A Singapore-flagged container ship was hit by two missiles as it was sailing 83 nautical miles (154 kilometres) southeast of Aden. - Trade Wind News

• Chinese investors offloaded a net US$42.6 billion worth of long-term securities consisting of Treasury, agency and corporate bonds as well as equities. - Business Times

• No concern for the federal deficit? The deficit remains high, debt continues to climb, and demand for US Treasuries stays robust, in part because of global reserve currency status. Debt cannot rise infinitely. - FT

• Disruption to its container shipping via the Red Sea had extended beyond trade routes between the Far East and Europe to its entire global network. - Reuters

• Top Democrats have told President Joe Biden that he will drag the rest of the party down with him if he does not withdraw from the race. That includes Chuck Schumer, Hakeem Jeffries, and even former Speaker Nancy Pelosi. - Business Insider

This is absolutely brutal... Goldman Sachs and Ballast are set to surrender 82 apartment buildings (~1,200 units) in San Francisco to lender Royal Bank of Canada They recently defaulted on loans totalling $687.5M The apartments were purchased between 2017 and 2020 for $704M ($587K per unit) The dominoes are starting to fall one-by-one in commercial real estate w/ multi-family starting to feel the pain... Source: The Real Deal

West Coast imports near all-time highs. Very bullish for 2H trucking. - X user Craig Fuller

• “I can be wrong" is wise, not an understatement of oneself.

• When we promote tools to agents, we have empowered tools that can act on their own. A gun is a tool, requiring an agent for use. An agent is one that can use tool at its discretion or programming. Can AGI become an agent?

• We have rising deficits. The U.S. deficits are the largest in the world—growing at the fastest rate in the world—and we need to find ways to minimize the role of the deficit on the economy, on interest rates, on inflation. - Fortune

• "While market valuations and credit spreads seem to reflect a rather benign economic outlook, we continue to be vigilant about potential tail risks," CEO Jamie Dimon said. - Reuters

The owner of San Francisco's largest apartment community has defauled on ~$1.8B in loans tied to the complex The 152 acre, 3,200 unit apartment community known as Parkmerced was just appraised at $1.4B, plummeting $700M from 2019 and $400M less than the total loan balance This is incredibly concerning given cracks have begun to appear in sizable apartment/multi-family buildings across the largest cities in the US... Source: The Real Deal

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One of the main challenges for China is population collapse. Not good for China and the world. How should we invest?

• Is there even one LLM and AI that is 100% safe & secured?

@TigerStars

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