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zerohedge Profile picture
@zerohedge
Oct 29, 2024 • 1 tweets • 1 min read • Read on X
It's not just NYT/Media Matters: Newsguard has also been mobilized.

The entire censorship-industrial complex is in full blown meltdown Image

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More from @zerohedge

zerohedge Profile picture
Feb 17
You think Fort Knox is bad?

Wait until you discover that the much larger NY Fed vault (of Die Hard 3 fame) is connected via secret tunnel to the JPMorgan gold vault ("the largest gold vault in the world") located below 1 Chase Manhattan Plaza, right across Liberty Street in NY Image
source: web.archive.org/web/2013030406…
Presenting the Chase Manhattan vault:

"On the lowest level was the vault, which rested directly on the rock - the "largest bank vault in the world, longer than a football field." It was anchored to the bedrock with steel rods. This was to prevent the watertight, concrete structure from floating to the surface like a huge bubble in the event that an atomic bomb falling in the bay would blow away the building and flood the area."Image
Read 4 tweets
zerohedge Profile picture
Nov 2, 2024
Buffett's cash hits a record $325 billion, up $48 billion this quarter, and up $168 billion (+94%) in the 9 months of 2024 Image
... after selling another 25% of his AAPL stake (100 million shares) in Q3, taking his AAPL shares down from 900 million shares at the start of the year to just 300 million. Image
... amid a record selling spree in which Berkshire has sold shares for 8 consecutive quarters as the world's largest conglomerate goes into full-blown "harvest" mode Image
Read 4 tweets
zerohedge Profile picture
Sep 27, 2024
Unfortunately that is simply not true.

The argument made by Trump and challenged by the liberal media, is whether crime has increased under Biden. It has - and very dramatically - according to the DOJ's Bureau of Justice Statistics NCVS annual survey. Here are the facts
First, while the violent crime rate did fluctuate under Trump, it ended 2020 - the year BLM riots sparked calls to defund the police - at 16.4%, the lowest on record. This was unchanged during Biden's first year, then jumped to a 10 year high and pulled back slightly in 2023. Image
Second, looking only at violent crime that was reported to the police (or where the police picked up the 911 call), we see something curious: not only did the violent crime rate tumble under Trump, but it just hit a 10 year high in 2023, under Biden.Image
Read 8 tweets
zerohedge Profile picture
Sep 13, 2024
A few quick points:

1. This is $1 trillion on a fiscal year basis. On an annualized basis, the US hit $ 1 trillion in interest a year ago. For the full fiscal year which ends Sept 30, total US interest will be over $1.2 trillion.
2. Some have pointed out that Interest on the debt has surpassed defense spending. Actually, it did that over a year ago. As of this moment, interest spending is the 2nd largest US outlay and it will surpass spending on Social Security in early 2025Image
3. Even if Powell cuts rates to 0 tomorrow (inflation would explode), cash interest expense will keep rising and will peak at $1.4 trillion. If the Fed cuts by "only" 100bps in the next year and keeps rate constant, interest will hit $2 trillion by 2026.
Read 7 tweets
zerohedge Profile picture
Jul 9, 2024
"We’ve found that AI can update historical data in our company models more quickly than doing so manually, but at six times the cost." - Goldman head of global equity research, Jim Covello
"We estimate that the AI infrastructure buildout will cost over $1tn in the next several years alone, which includes spending on data centers, utilities, and applications. So, the crucial question is: What $1tn problem will AI solve? Replacing low-wage jobs with tremendously costly technology is basically the polar opposite of the prior technology transitions I’ve witnessed in my thirty years of closely following the tech industry." - Covello
"people generally substantially overestimate what the technology is capable of today. In our experience, even basic summarization tasks often yield illegible and nonsensical results. This is not a matter of just some tweaks being required here and there; despite its expensive price tag, the technology is nowhere near where it needs to be in order to be useful for even such basic tasks" - Covello
Read 6 tweets
zerohedge Profile picture
Mar 23, 2023
Lots of false guesstimates on CRE market: the facts - size of CRE market is $11 trillion, $4.5 trillion in debt outstanding, banks account for 38% (small banks 28%, large banks 7%). The bulk of small bank deposit growth has gone into CRE
Small banks account for 70% of total CRE loans

zerohedge.com/markets/nowher…
CRE exposure by bank
Read 6 tweets

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