Corey
@DigitalCorey
Personal views. Positive vibes only. new handle alert follow me over @dealesquire for all new content going forward
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I suggest everyone take a few minutes to at least read the first few paragraphs of their privacy policy. chat.deepseek.com/downloads/Deep…
“…a Chinese company…just demonstrated how U.S. tech restrictions can backfire spectacularly – by forcing them to build more efficient solutions that they’re now sharing with the world at 3% of OpenAI’s prices.” —@RnaudBertrand
Food for thought
3. Every G20 country has higher average tariff rates than the United States save two, and most countries hide the true costs in expensive barriers like quotas, price controls, labeling requirements, and testing rules
The Atlantic Monthly, 1920. Same as ever. "The older generation had certainly pretty well ruined this world before passing it on to us. They give us this thing, knocked to pieces, leaky, red-hot, threatening to blow up; and then they are surprised that we don’t accept it with…
Now you know what they really think….Seems like one world gov or coordination may have been going on.. but what do I know… cc @CaitlinLong_
JUST IN: 🇪🇺🇺🇸 European Union claims President Trump's support for crypto could harm Europe's "monetary sovereignty and financial stability."
LOOK OUT BELOW! Atlanta Fed 1Q GDP estimate was 2.3% the day before yesterday. It's now -1.5%.
Powell won't fire anyone for the gross incompetence of SVB supervision, won't fire anyone for de-banking, and won't fire anyone for stonewalling Senators. He protects the bureaucracy from accountability.
All great questions and food for thought..
If you think of Coinbase like a bank, we now hold about $0.42T in assets for our customers, which would make us 21st largest bank in the US by total assets, and growing. If you think of us more like a brokerage, we'd be the 8th largest brokerage today by AUM. If you think of us…
Go Bears! Assuming this checks out, the progress has shifting again—in days. Thank you open source.
We reproduced DeepSeek R1-Zero in the CountDown game, and it just works Through RL, the 3B base LM develops self-verification and search abilities all on its own You can experience the Ahah moment yourself for < $30 Code: github.com/Jiayi-Pan/Tiny… Here's what we learned 🧵
The details will matter, que the rush to re-domicile + rigmarole to fit the revised rules. Enter the sound of a global capital suck into the U.S.
BREAKING: Eric Trump has reportedly confirmed that some U.S.-based crypto projects will soon benefit from zero capital gains tax, while non-U.S.-based projects will face a 30% capital gains tax, per The Street:
In a predictable move, EU bureaucrats have decided to use the Trump administration as the external enemy excuse instead of the opportunity to unlock the great potential of their economies. Bureaucrats care about bureaucracy. Entrepreneurs care about the economy.
agree w/ below. Those same banks will require a bailout when they blowup--they are not built for BTC culturally--its not just about the tech stack.. h/t @CaitlinLong_ for fighting the good fight!
“…banks are leverage trained animals”—@AP_Abacus 1. a fool & their leveraged #bitcoin are soon parted 2. reiterate my longstanding prediction: a G-SIB (a megabank) will blow itself up in bitcoin by allowing collateral substitution & commingling it, & by rehypothecating it,…
Yep..
"Many millennials and Gen Xers are facing a stark reality: their parents and grandparents don't have the means to pay for long-term care — and they'll need to help foot the bill, especially since government aid often doesn't cover large parts of this care," per BI.
Good pod re: all the various problems & hard choices the incoming folks will be johnny on the spot to deal with.
Out now - @LukeGromen on panic in the bond market: - strong dollar forces foreigners to dump Treasurys - he expects "U.S. Dollar up, everything else down" - more USD liquidity forthcoming (soon!) Apple 🔊shorturl.at/zclOz Spotify 🔊 shorturl.at/HvPi0
bank bailouts (i.e., money printing) for all the losses on the mortage collateral incoming..
An investor who spent $27 million on a mansion that burned down on ‘Billionaire’s Beach’ only expects $3 million from insurance, per FORTUNE.
We will look back on this scheme + the prior BK filing in 2024 as a great stain on the American healthcare system, this is the product of decades of bad policy.
Another big hospital ponzi just filed Chapter 11. In 2018 2 serial grifters & Leonard Green Partners embezzled >$650 million from the Prospect hospital chain Now it's $3-4 billion in the hole One Prospect hospital just flooded AND caught fire TWICE in a single week over Xmas
External Revenue Service. Why? Check: US government revenues by source: via DB
Spot on and this is exactly why Warren Buffett is GOAT and also why during different parts of the cycle “todays” experts ignore him to their peril..
1/2 On April 30, 1977 (no typo), a guy named Warren Buffett wrote this for Fortune (link below). He seems like a smart guy. How did his career work out? --- “How Inflation Swindles the Equity Investor” Warren Buffett argued that stocks do not work as a hedge against inflation.…
What happens to bank balance sheets when all their mortgage collateral gets vaporized? Do they get accounting approval by a regulator to act like the vaporization of said collateral did not happen?
Your $400k house from the 90s is not a $800k+ house today. The Gov has printed so much money (ie debased the dollar) it takes double today’s dollars to buy the same house…
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