Trump on Ukraine War: "Zelensky wants to make problems for the world. He wants to make problems for our farmers by hitting Russian refineries."
u/XGramatik — 5 days ago
r/XGramatikInsights
Collins: "Given inflation, mortgage rates, and gas prices are all higher than when you took office, why does this administration's deserve an A+ on the economy like President Trump says?" JD Vance: "You have to remember that we inherited the worst inflation process in 48 years."
u/RockyLovesEmily05 — 7 days ago
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Q: "Cam you address the current rise in borrowing costs, in particular the 10-year?" Bessent: "It's a global phenomenon and since President Trump came in, the US has been the best performing bond market in that space."
u/XGramatik — 8 days ago
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Q: There was universal condemnation across Nebraska for your choice to import 300,000 tons of foreign beef. What’s your message to ranchers struggling to make a profit? Trump: We brought some in from Argentina and Brazil because we have to get elected
u/FXgram_ — 9 days ago
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"When mortgage rates were 3%, the monthly payment on a $500K house with 10% down was about $1,900. When rates rise to 9% next year, the same mortgage will cost over $3,600. At that rate, to reduce the payment to $1,900, the price of the house would have to fall by nearly 50%." - Peter Schiff
u/XGramatik — 8 days ago
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Michael Dell on Trump Accounts: "We believe the most important investment that can be made is in our children. About 38% of families and households have no stock at all and participation in the upside of America... If a parent hasn’t claimed the account for their child, they should go and claim it."
u/FXgram_ — 8 days ago
Q: For the last couple months at least, wages have not kept up with the cost of living. How do you convince young people that capitalism works for them, not just the AI crowd? BESSENT: …median wages are up about 3.7% as of August ... last year we were setting the table, this year is the banquet
u/FXgram_ — 7 days ago
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Michael Burry says the AI boom is running on one giant loop and time is running out
Here's his breakdown:
Burry shared a report from Wall Street lender Ares tracking $573B of AI financing from the last 12 months
All of it runs through just 8 companies: Meta, Oracle, Microsoft, Amazon, OpenAI, Anthropic, Broadcom and Nvidia
They lend to each other, guarantee each other's debt and buy from each other, so one company's loan is backed by another company's promise to keep spending
Every deal depends on one thing: AI spending never slowing down
If AI revenue disappoints for even one season, the guarantees could all get called at once, right when the companies backing them are at their weakest
Burry says it's the same circular financing that turned the 2000 telecom fiber boom into a bust
Burry claims the stock market in the first stage of grief and the crash is soon
Credit to Burry Tracker
u/FXgram_ — 8 days ago
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An ABC News analysis found defense companies backed by President Trump's sons have now raked in more than $6 billion dollars in active or promised government contracts since those investments were made, according to government data.
abcnews.comu/XGramatik — 8 days ago
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CNBC: Google has been ordered to halt work on two data centers it’s developing in Finland, a month after the tech giant committed to investing $15 billion in AI infrastructure in the country.
Finnish Licensing and Supervision Agency (LVV) on Tuesday issued a notice to Google subsidiary, Tuike Finland Oy, to suspend building work for data center projects planned for Muhos and Kajaani until the environmental impact assessments have been completed.
u/FXgram_ — 8 days ago
BREAKING: Spanish PM Pedro Sánchez announces a snap election for November 29. The next vote was originally scheduled for summer of 2027.
u/BarbecueChickenBBQ — 10 days ago
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"After years of overspending, France has emerged as one of Europe’s weakest links. Investors are bracing for things to get worse," per WSJ
u/XGramatik — 8 days ago
Trump: Costs are way down and they're coming down further. We have inflation totally in control and we've done a great job. And the thing I haven't done a good job with is explaining it to people
u/XGramatik — 14 days ago