Morning edition, Tuesday 20 October

A heavy, jittery session: French riots metastasized into curfews, bond blowouts and a Louvre closure, while AI credit stress (CoreWeave, Nvidia CDS, Goldman's flip) dominated the market talk. The mood swung between gallows humour about 'Black Monday' that never came @fejau_inc and genuine unease at the K-shaped credit chart @zerohedge. Away from that, the feed's attention kept snapping back to the shopkeeper with the shattered window @shellenberger and the meme it spawned @AutismCapital.

Continuing · earlier: Riots reported in Milan and Marseille; shopkeeper next to a Goku banner goes viral

France brings in curfews as spreads widen and the Louvre shuts

The state has now reacted. @BBCBreaking reported overnight curfews for parts of central Paris and other cities, starting at 23:00 in the capital, with youth-specific restrictions from 21:00 in Nice. @zerohedge's version had 8PM curfews, an interior minister admitting police "Lost Control", and Macron "Flees To The Gulf". The BBC and ZeroHedge don't agree on the hour.

The Louvre said that "due to student strikes the museum is currently closed" @MuseeLouvre. @AutismCapital's reaction: "They shut down the Louvre. Wow."

Markets moved too. @jsblokland had the French spread at 146 basis points after the weekend. @zerohedge later had it at 148bps, with the 10Y up 16bps to 4.94%, the biggest one-day jump since March 2025. @themarketear noted the French 10-year now yields 35bp above Italy's: "Let that sink in."

7 more posts in this story
zerohedge@zerohedgeTue 2:14am
French-German spreads blow out to 148bps as French 10Y yields surge 16bps to 4.94%, biggest one day jump since March 2025
A line chart titled 'France-German spread' displays the volatility of the OAT-Bund spread from October 9 to October 19, 2026. The red graph line shows a sharp, vertical spike on the far right, reaching a value of 1.4760 as indicated by the data label in the top left corner.
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Start: 10/09 06:31 End: 10/19 13:07 France-Germany (OAT-Bund) Spread 1.4760 France-German spread 1.4760 +0.1070 7.82%
zerohedge@zerohedgeMon 10:42pm
French-German spread hits 2 week wide as French riots escalate over the weekend
A line chart displays the France-Germany 10-year bond spread in red, showing a significant upward trend over several months. The graph includes axis labels for dates from September 2025 to October 2025 and numerical values for the spread on the right vertical axis.
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France-Germany (OAT-Bund) Spread 1,4506 France-Germany 10Y (OAT-Fund) spread 04 Sep 2025 ... 28 Oct 2025
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jeroen blokland@jsbloklandTue 1:57am
After this weekend's riots, France's bond spread has spiked again. Now at 146 basis points.
A line chart titled 'FRANCE - BOND SPREAD' displays the 10-year bond spread versus Germany in red and the inverted EUR/USD exchange rate in black from January 2016 to early 2026. A blue dashed oval highlights a sharp recent spike in the red bond spread line on the far right of the graph.
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FRANCE - BOND SPREAD BLOKLAND SMART MULTI-ASSET FUND France - 10-year bond spread vs. Germany EUR/USD Exchange rate (right axis, inverted) Source: Blokland Smart Multi-Asset Fund, Investing.com Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 Jan-26 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 0.90 0.95 1.00 1.05 1.10 1.15 1.20 1.25
♥ 93 · ↻ 12 · retweeted by @LynAldenContact
Musée du Louvre@MuseeLouvreMon 7:55pm
🇫🇷 Chers visiteurs, en raison d’un mouvement social étudiant, le musée est fermé pour le moment. Nous vous prions de nous excuser de la gêne occasionnée. 🌍Dear visitors, due to student strikes the museum is currently closed. We apologise for the inconvenience.
A low-angle, close-up photograph shows the illuminated glass pyramid of the Louvre Museum at dusk, with the classical stone architecture of the palace visible in the background against a pale blue sky.
♥ 25.1k · ↻ 4880 · retweeted by @zerohedge
Autism Capital 🧩@AutismCapitalTue 2:30am
They shut down the Louvre. Wow.
Musée du Louvre@MuseeLouvreMon 7:55pm
🇫🇷 Chers visiteurs, en raison d’un mouvement social étudiant, le musée est fermé pour le moment. Nous vous prions de nous excuser de la gêne occasionnée. 🌍Dear visitors, due to student strikes the museum is currently closed. We apologise for the inconvenience.
A low-angle, close-up photograph shows the illuminated glass pyramid of the Louvre Museum at dusk, with the classical stone architecture of the palace visible in the background against a pale blue sky.
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zerohedge@zerohedgeMon 11:18pm
France to Set Partial Curfews Following Protests, Riots
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The begging shopkeeper becomes the riots' defining image, and a parable

@shellenberger picked the "widely shared video of a young blond French shopkeeper who begged the rioters to spare her store", pushed aside as her face crumpled, as the image of the weekend. He pinned the failure on the Left's "war on the police".

The parable came via a post by @rosewdc, quoted by @AutismCapital. It says she is a left-wing activist who stood in her boutique telling the looters she had defended their right to stay in France, and was spat on and trampled for it. The card has no independent confirmation of those details. @nic_carter's verdict: "She's still gonna be a lib after this".

@AutismCapital's moral was that "appeasing a crocodile hoping it eats you last" still ends with you being eaten. His joke version was Vermeer's "The Girl with the Suicidal Empathy", which went big @AutismCapital. @knutsvanholm paired her photo with the same painting: "Which way, western woman?"

Michael Shellenberger@shellenbergerTue 5:02am
France did its best to prevent the riots, say the media. But it dramatically underestimated the number of protesters and failed to send out enough officers and armored vehicles. Behind all those specific failures was, as in the US, the anti-civilization Left's war on the police.
The image is a screenshot of an article by Michael Shellenberger titled 'Decades Of The Left Demonizing Police Behind Macron’s Failure To Prevent The Riots.' Below the headline are three photos: Jean-Luc Mélenchon raising a fist, masked protesters near a fire, and a historical black-and-white photo
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PUBLIC Decades Of The Left Demonizing Police Behind Macron’s Failure To Prevent The Riots As with BLM, the underlying reason politicians fail to maintain law and order is leftist anti-civilization ideology MICHAEL SHELLENBERGER 5 MINUTES AGO • PAID Share Jean-Luc Mélenchon (left) during the October 17 demonstration in Paris, Île-de-France, France, on October 17, 2026. Protesters (center) march through central Paris on October 17, 2026, in Paris, France. Jean-Paul Sartre and Michel Foucault (right) demonstrating in Paris, on November 27, 1971, France. (GETTY IMAGES)
If one had to choose from the many powerful images of the French riots on Saturday, it would have to be the widely shared video of a young blond French shopkeeper who begged the rioters to spare her store, was pushed aside, and watched them loot it, her face crumpling in sadness and despair. She wasn’t alone. Other media reported on store owners “pleading with thugs to leave their stores” and shopkeepers “sitting in front of their businesses in tears.” Faced with shocking videos that quickly spread worldwide, defenders of French
… show more President Emmanuel Macron and Interior Minister Laurent Nuñez say they are not to blame. Everyone was surprised and caught off guard by the sheer number of protesters and rioters who looted stores, burned buildings and invaded city halls. Macron had repeatedly urged protesters not to use violence, which he reiterated on Sunday night. He promised that “those who destroyed must pay,” that “those who looted must reimburse,” and that “those who sought to bring down the Republic will have to answer for it.” And because the riots were not the government’s fault, it was only logical for Macron to reject Nuñez’s offer to resign after the weekend’s mayhem. But Macron and his government knew for weeks that the CGT, the nation’s largest union confederation, and the student unions had planned a massive protest for October 17, and failed to do what was needed to protect the public. He and the French intelligence community drastically underestimated the crowd size. The day before the marches, the Interior Ministry expected 40,000 to 60,000 demonstrators in Paris and about 100,000 in the rest of the country. Instead, roughly 550,000 turned out, including 110,000 in Paris. As a result, the government deployed far too few police and other security forces, just 60,000. They deployed few Centaure armored vehicles or RAID tactical units in advance. Nobody should have been surprised. France’s intelligence services told top officials in a government crisis meeting on October 1 that the school movement behind the riots was “an operation organised by LFI (France Unbowed) and its proxies on the far left.”... Public cuts through mainstream media misinformation with relevant investigative journalism. Please subscribe now to read the rest.
The image is a split screen showing French President Emmanuel Macron on the left and a distressed woman, identified in the post as a shopkeeper, on the right standing in front of a broken store window. Visible text on the glass behind the woman includes partial opening hours.
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7h à 2 le dim à part
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4 more posts in this story
Autism Capital 🧩@AutismCapitalTue 2:45am
This needs to be a wake up call to many people in the West. Specifically liberal white activists. If you think you’re an “ally” and that protects you, it doesn’t. When the mob is mobilized, the mob wants blood. It doesn’t matter who it’s from. They will turn on you in a moment. Remember that “appeasing a crocodile hoping it eats you last” still ends with you being eaten. You’re not protecting yourself by aligning with the bully. The bully will use you until they don’t need you and then
… show more destroy you next. This is actual suicidal empathy. Befriending evil is not a viable survival strategy, which is the unconscious driving force behind these types of behaviors.
American Politic@rosewdcMon 10:44am
What we know: 1. She's a member of the French left-wing party and an activist, one of the biggest advocates for opening up migration to North African peoples. 2. She owns a small chic boutique in an upscale spot, she stood in her shop trying to save it from looting and theft telling them that she's a famous activist. 3. She told them I'm so-and-so, the activist for asylum, I'm with you, I've defended you and your entry and stay in France, they spat on her, knocked her down, and trampled her with
… show more their feet, good thing she's still alive. 4. And they looted the whole shop, losing all the struggle and work of her lifetime in a moment. Standing there stunned, not believing that these thieving, rabble-rousing, criminal, barbaric hordes are the ones she's spent her whole life defending, and advocating for them to invade her country and destroy it
The image shows a woman in a brown coat and black headband standing in what appears to be a doorway with a distressed expression, while scattered items lie on the floor nearby. No text is visible in the image itself.
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American Politic@rosewdcMon 10:44am
What we know: 1. She's a member of the French left-wing party and an activist, one of the biggest advocates for opening up migration to North African peoples. 2. She owns a small chic boutique in an upscale spot, she stood in her shop trying to save it from looting and theft telling them that she's a famous activist. 3. She told them I'm so-and-so, the activist for asylum, I'm with you, I've defended you and your entry and stay in France, they spat on her, knocked her down, and trampled her with
… show more their feet, good thing she's still alive. 4. And they looted the whole shop, losing all the struggle and work of her lifetime in a moment. Standing there stunned, not believing that these thieving, rabble-rousing, criminal, barbaric hordes are the ones she's spent her whole life defending, and advocating for them to invade her country and destroy it
The image shows a woman in a brown coat and black headband standing in what appears to be a doorway with a distressed expression, while scattered items lie on the floor nearby. No text is visible in the image itself.
nic carter@nic_carterTue 2:43am
@rosewdc @robustus She’s still gonna be a lib after this
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Autism Capital 🧩@AutismCapitalTue 2:50am
The newest painting in the Louvre. “The Girl with the Suicidal Empathy.” Oil on canvas. Go see it while the Louvre is still standing.
The image shows a digitally altered version of Johannes Vermeer's painting 'Girl with a Pearl Earring,' where the subject's face has been replaced with an expression of wide-eyed distress or anxiety. The modification changes the serene original mood to one that appears panicked or overwhelmed.
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Knut Svanholm ∞/21M@knutsvanholmMon 5:53am
Which way, western woman?
The image shows a close-up of a woman with a shocked or distressed expression, wearing a black head covering and sunglasses on her head. Behind her is a shattered glass storefront window with orange signage containing French text.
text in image
à 2... le dîn... à parti...
The image shows the famous painting Girl with a Pearl Earring by Johannes Vermeer, depicting a young woman in a blue and yellow headscarf looking over her shoulder against a dark background. The visible texture of the aged paint and cracks adds to the classical appearance of the artwork.
♥ 563 · ↻ 33 · retweeted by @RMessitt

Continuing · earlier: Morgan Stanley's $1.58T capex map meets a neocloud unwind

Goldman upgrades CoreWeave to Buy at a lower target; Nvidia CDS hits wides

Goldman's CoreWeave move is an upgrade to Buy from Neutral with the price target cut to $106 from $139 @zerohedge. @zerohedge filed it under "Wall Street in full-blown defense mode", next to JPM upgrading Intel. Its reaction was "Gonna need a bigger upgrade" over a chart of a spike and a fade, then "CRWV LOD" @zerohedge @zerohedge.

@goodalexander read the note more kindly. Goldman sees per-unit economics improving, with short-term contracts signed at $40mn/MW against roughly $10mn/MW blended today. The same note puts CoreWeave's cost of debt at 800-900bps and says it should still be able to finance expansion at a cost only modestly higher @goodalexander.

The stress has moved up the quality ladder. @zerohedge posted Nvidia and Broadcom CDS at all-time wides, Broadcom at 142.78 and Nvidia at 96.05.

zerohedge@zerohedgeMon 10:50pm
Wall Street in full-blown defense mode today: JPM upgrades INTC to Neutral from Underweight Goldman upgrades CRWV to Buy from Neutral
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5 more posts in this story
zerohedge@zerohedgeMon 11:26pm
On CRWV, Goldman was Neutral with a $139 price target. it is now a Buy with a $106 price target.
zerohedge@zerohedgeMon 10:50pm
Wall Street in full-blown defense mode today: JPM upgrades INTC to Neutral from Underweight Goldman upgrades CRWV to Buy from Neutral
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zerohedge@zerohedgeTue 12:40am
Gonna need a bigger upgrade
A candlestick stock chart for CoreWeave (CRWV) displays price action over a single trading day, showing a sharp spike near the end followed by a steep drop. The current price is highlighted in red at 63.17 after reaching highs above 66.
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CoreWeave CRWV Mon 0:30 1:00 1:30 2:00 2:30 3:00 3:30 4:00 4:30 5:00 5:30 6:00 6:30 7:00 7:30 8:00 8:30 9:00 9:30 62 62.25 62.5 62.75 63 63.25 63.5 63.75 64 64.25 64.5 64.75 65 65.25 65.5 66 66.25 66.5 63.17
zerohedge@zerohedgeMon 11:26pm
On CRWV, Goldman was Neutral with a $139 price target. it is now a Buy with a $106 price target.
zerohedge@zerohedgeMon 10:50pm
Wall Street in full-blown defense mode today: JPM upgrades INTC to Neutral from Underweight Goldman upgrades CRWV to Buy from Neutral
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zerohedge@zerohedgeTue 1:06am
CRWV LOD
zerohedge@zerohedgeTue 12:40am
Gonna need a bigger upgrade
A candlestick stock chart for CoreWeave (CRWV) displays price action over a single trading day, showing a sharp spike near the end followed by a steep drop. The current price is highlighted in red at 63.17 after reaching highs above 66.
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CoreWeave CRWV Mon 0:30 1:00 1:30 2:00 2:30 3:00 3:30 4:00 4:30 5:00 5:30 6:00 6:30 7:00 7:30 8:00 8:30 9:00 9:30 62 62.25 62.5 62.75 63 63.25 63.5 63.75 64 64.25 64.5 64.75 65 65.25 65.5 66 66.25 66.5 63.17
zerohedge@zerohedgeMon 11:26pm
On CRWV, Goldman was Neutral with a $139 price target. it is now a Buy with a $106 price target.
zerohedge@zerohedgeMon 10:50pm
Wall Street in full-blown defense mode today: JPM upgrades INTC to Neutral from Underweight Goldman upgrades CRWV to Buy from Neutral
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goodalexander@goodalexanderMon 11:49pm
Goldman upgrade $CRWV to buy as they realize per unit economics good/ progressing positively vs trailing. some strangely familiar points in the upgrade note, interesting -- interesting
The image displays a financial analysis document from Goldman Sachs regarding CoreWeave (CRWV), featuring text explaining monetization strategies and a detailed table projecting deal sizes, EBITDA margins, and cash flows to calculate an unlevered IRR of 15%. The document includes specific financial
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3. Our ulIRR math suggests that CoreWeave should clear a 15% ulIRR for at least the next 24 months. CoreWeave’s blended monetization today is ~$10mn/MW, based on ARR/prior period active power (to account for timing of capacity coming online). We believe this should increase: CoreWeave has disclosed short-term contracts (3-6months) are signed at $40mn/MW, and has raised prices by 25% in July and another 10% in October. We expect these pricing benefits to flow through to consolidated ARR/MW more gradually than at peers that predominantly offer spot or on-demand compute, given the longer-dated nature of CoreWeave’s contracts (with average contract length ~4-5 years), but nonetheless expect monetization per MW to continue trending higher driven by three factors: 1) new generations of GPUs should command higher pricing, though this is likely the least value accretive driver given it is accompanied by higher capex per MW; 2) continued supply-demand tightness across the AI infrastructure market. Notably, contracts signed in 2Q carried contribution margins 5-10 points above more recent cohorts (recall CoreWeave targets mid-20% contribution margins); and 3) we see an increasing contribution from higher-margin software and platform offerings, including managed inference and Omni (discussed above). As these services become a larger portion of the revenue mix, they should increase revenue generated per MW without a commensurate increase in underlying infrastructure investment, supporting higher ARR/MW and incremental returns on deployed capital. Taken together, our industry conversations with customers and competitors suggests $13mn/MW is an appropriate starting assumption for new longer-term contracts coming online. Exhibit 3: Our illustrative CRWV contract suggests that ulIRR could be 15%, before adjusting for residual value Source: Goldman Sachs Global Investment Research
The image displays a text excerpt from a financial report discussing CoreWeave's debt financing strategies, specifically focusing on DDTLs and interest expenses. A specific sentence regarding capturing residual value after debt repayment is underlined for emphasis.
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2. Our conversations with credit specialists suggest that CoreWeave should still be able to finance its future expansion plans at a cost of debt that is only modestly higher than its current weighted average cost of debt. Simplistically, we calculate current weighted average cost of debt at 800-900bps, given $640mn of 2Q interest expense (annualized to $2.56bn) divided by ~$30bn of total debt (average in 1H). We see a scenario where new IG-related debt prices closer to 750bps (SOFR+300) and HY-related debt prices closer to 1050bps (SOFR+600). Based on our industry conversations, CoreWeave will still likely be able to raise DDTLs; and DDTL 5.0 and 5.5 both trade at or above their originally issued discount. Recall CoreWeave's primary funding method for scaling AI infrastructure is via DDTLs (delayed draw term loans) - these are asset-backed project financings rather than traditional corporate debt. Rather than underwriting CoreWeave's standalone credit profile, lenders are primarily underwriting the combination of a specific long-term customer contract, the underlying GPU infrastructure, and the cash flows generated by that deployment. These facilities are typically secured by the associated GPUs, servers, contract revenues, and related assets, allowing lenders to leverage the credit quality of the end customer in addition to the collateral value of the infrastructure itself. The structures have historically been largely self-amortizing, with debt maturities designed to align with contract terms so that customer payments repay principal over the life of the agreement. As a result, by the time the contract expires, the associated debt has often been substantially or fully repaid, leaving CoreWeave to capture any residual value from the GPU fleet or potential re-leasing opportunities without the burden of ongoing interest expense. More recent transactions, particularly DDTL 5.5, represent an evolution of the model, as lenders appear increasingly active in underwriting not only contracted cash flows but also the future re-contracting potential and residual value of NVIDIA GPU infrastructure, effectively extending financing beyond the duration of the initial customer agreement.
♥ 294 · ↻ 13 · retweeted by @nic_carter
zerohedge@zerohedgeTue 3:14am
Credit stress spilling over into highest rated names: NVDA, AVGO CDS all time wides
A line chart displays the credit default swap (CDS) spreads for Broadcom and Nvidia over a timeline from 2025 to 2026, showing a sharp increase in values towards the right side. The orange line representing Broadcom reaches 142.780 while the blue line for Nvidia hits 96.050, both labeled as record h
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AVGO (Broadcom) CDS 142.780 NVDA (Nvidia) CDS 96.050 NVDA, AVGO CDS record wides Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct 2025 2026 20 40 60 80 100 120 140
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Continuing · earlier: Musk says give Anthropic's shares to the public; Luckey says 'USAID 2.0'

Musk pledges a SpaceX share to every American kid

From advising Anthropic to spending his own paper: @elonmusk said "Next year, I will give one of my SpaceX shares to every kid in America." He added, "This will be the first of many." @zerohedge framed it as coming after Anthropic's "Murky Public Benefit Fund".

@dgt10011, who pushed direct share transfers in the first place, had a pre-emptive take on exactly this: seeding every Trump Account with SpaceX shares would mean whatever party Musk launched or backed "would own American politics for a generation". He quote-posted the pledge with "Boom".

Elon Musk@elonmuskMon 6:52pm
Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many.
♥ 428.5k · ↻ 43.2k · retweeted by @zerohedge
2 more posts in this story
Jeff Park@dgt10011Mon 12:45pm
If @elonmusk seeded every Trump Account with SpaceX shares as a ‘public good,’ whatever party he launched or backed would own American politics for a generation
Jeff Park@dgt10011Mon 10:06pm
Boom
Elon Musk@elonmuskMon 6:52pm
Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many.
♥ 20 · ↻ 0

Strive's $630m IPO lands as the market dumps

@ColeMacro relayed Strive's update: 1,223 BTC bought last Wednesday to Friday at an average $81,734, taking holdings to ₿36,818. The SATS IPO proceeds settle Tuesday, the 18-month dividend reserve stays, and the traditional warrants have expired. @Werkman put the week's total at 4,045 BTC.

The timing is the joke. @TheFnAardvark said ASST traded at $12 in August, had to more than double to force the $27 warrant expiry, got there, and then "LITERALLY less than 24 hours later" the market dumped. Now it is "BUYING THE DIP WITH A $630 MILLION IPO LAUNCH".

@PunterJeff replied with the figure, "₿36,818" and "$3B", and one word: "Accelerate". @halstonvalencia credited management's discipline: "Most people underestimate how difficult that actually is."

Matt Cole@ColeMacroMon 11:02pm
Last Wed-Fri, Strive acquired 1,223 BTC at an average cost of $81,734 per bitcoin, bringing holdings to ₿36,818. - SATS IPO proceeds settle this Tuesday - Strive plans to maintain current 18-month dividend reserve - Traditional warrants are expired $ASST $SATA $SATS
A black graphic with white and orange text announces that Strive has acquired 1,223 Bitcoin, bringing total holdings to 36,818 BTC valued at over $3 billion. A footer note indicates the Bitcoin price used for valuation was $81,496 as of October 16, 2026.
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STRIVE acquires 1,223 BTC. Bringing total holdings to 36,818 BTC. Valued at $3,000,519,728. $81,496 as of 4 PM EST October 16, 2026
See our 8-k for additional information: sec.gov/ix?doc=/Archives/edgar/data/0001920406/0
♥ 1719 · ↻ 195 · retweeted by @BitcoinPierre
4 more posts in this story
Aardvark@TheFnAardvarkMon 10:28pm
Does anyone understand how charmed of a company $ASST is right now?! The absolute luck?! ​In August they were trading at $12. That's it. They had to go up over 2x just to force the $27 warrant expiration. They hit it, cleared the overhang, and what happened LITERALLY less than 24 hours later? ​The entire market dumped, and they are now BUYING THE DIP WITH A $630 MILLION IPO LAUNCH! ​You literally could not plan this better if you tried.
A black and white illustration depicts a man in a suit carrying an overflowing briefcase of cash into a shop labeled 'BITCOIN STORE' to purchase 'THE DIP' from a shocked clerk. Signs on the counter and walls advertise '1 DIP' for cash and highlight 'Today's Special: The Dip'.
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BITCOIN STORE TICKER 355 1/411.21 TICKER 1.225 TODAY'S SPECIAL: THE DIP BUY THE DIP BUY THE STACK! CASH CHECKOUT 1 DIP CORAYBING
♥ 220 · ↻ 11 · retweeted by @BitPaine, @BitcoinPierre
Jeff Walton@PunterJeffTue 12:07am
₿36,818 $3B Accelerate
Matt Cole@ColeMacroMon 11:02pm
Last Wed-Fri, Strive acquired 1,223 BTC at an average cost of $81,734 per bitcoin, bringing holdings to ₿36,818. - SATS IPO proceeds settle this Tuesday - Strive plans to maintain current 18-month dividend reserve - Traditional warrants are expired $ASST $SATA $SATS
A black graphic with white and orange text announces that Strive has acquired 1,223 Bitcoin, bringing total holdings to 36,818 BTC valued at over $3 billion. A footer note indicates the Bitcoin price used for valuation was $81,496 as of October 16, 2026.
text in image
STRIVE acquires 1,223 BTC. Bringing total holdings to 36,818 BTC. Valued at $3,000,519,728. $81,496 as of 4 PM EST October 16, 2026
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Ben Werkman@WerkmanTue 12:21am
4,045 BTC accumulated in total last week, 1,223 from Wednesday to Friday. ₿itcoin warrants your full focus and your best execution.
Matt Cole@ColeMacroMon 11:02pm
Last Wed-Fri, Strive acquired 1,223 BTC at an average cost of $81,734 per bitcoin, bringing holdings to ₿36,818. - SATS IPO proceeds settle this Tuesday - Strive plans to maintain current 18-month dividend reserve - Traditional warrants are expired $ASST $SATA $SATS
A black graphic with white and orange text announces that Strive has acquired 1,223 Bitcoin, bringing total holdings to 36,818 BTC valued at over $3 billion. A footer note indicates the Bitcoin price used for valuation was $81,496 as of October 16, 2026.
text in image
STRIVE acquires 1,223 BTC. Bringing total holdings to 36,818 BTC. Valued at $3,000,519,728. $81,496 as of 4 PM EST October 16, 2026
♥ 358 · ↻ 25
Halston@halstonvalenciaTue 12:51am
If there’s one thing Strive management has done well, it’s staying focused. Most people underestimate how difficult that actually is. Having a strategy is one thing, but saying no to distractions, resisting the urge to constantly pivot, and executing on that strategy is another. Discipline is a massive competitive advantage. Well done, Strive.
Matt Cole@ColeMacroMon 11:02pm
Last Wed-Fri, Strive acquired 1,223 BTC at an average cost of $81,734 per bitcoin, bringing holdings to ₿36,818. - SATS IPO proceeds settle this Tuesday - Strive plans to maintain current 18-month dividend reserve - Traditional warrants are expired $ASST $SATA $SATS
A black graphic with white and orange text announces that Strive has acquired 1,223 Bitcoin, bringing total holdings to 36,818 BTC valued at over $3 billion. A footer note indicates the Bitcoin price used for valuation was $81,496 as of October 16, 2026.
text in image
STRIVE acquires 1,223 BTC. Bringing total holdings to 36,818 BTC. Valued at $3,000,519,728. $81,496 as of 4 PM EST October 16, 2026
♥ 67 · ↻ 5 · retweeted by @BitcoinPierre

2 posts from @AvidCommentator

Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentatorMon 10:08pm
I dont think a lot people truly grasp how much social mobility in terms of housing has been absolutely decimated. In 1999, you could afford to buy a median house in every capital but Sydney on a median household income, in some cases absurdly easily. Today, a place like Albury is unaffordable and in price to income terms is roughly in the same ballpark as California. Dual income households in the top 20% of earners are today fighting tooth and nail for homes in same percentile that a bus driver and a part
… show more time canteen lady were buying at a canter at the turn of the millenium. And it is entirely underappreciated what a major social issue this is. If you cant build a decent life even with hard work and a huge income relative to the median, whats the point especially after all that tax.
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Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentatorMon 3:18pm
When the time comes that the proverbial Bolsheviks rise up, in a stable and prosperous society, only a fraction of the population joins them. This is part of why I bang on about relative outcomes by age demographics and people having a stake in society. Because if people have a stake and an even somewhat credible pathway to achieve what they want in life, they have something to lose. But when you have a situation where: - A run of the mill home costs ~9x median household income - The private sector per capita economy
… show more has grown by less than 1% in the last 14 years cumulatively - There are hugely disparate outcomes in real wages and household consumption growth by age demographic You have a long term recipe for a fraying of the social fabric and in the long term civil strife. People should not confuse legendary Australian apathy with the idea that things aren't deteriorating here too.
♥ 130 · ↻ 12
Richard “Beebo” Russell@proverbs_14_23Mon 4:20pm
I once sold a truck to a guy who called and agreed to pay full price as long as I brought it to the airport within the hour. It was incredibly sus, but my truck had been for sale for months, and I had grown desperate. So I went. It only got weirder. The moment I arrive he hops in the drivers seat for a test drive, and a run to the bank to get the money to buy it. He’s a freakishly large porcine fellow, adorned head to toe in
… show more dirty work clothes. He looked like Hagrid if he were an alcoholic with a the world’s most unionized construction job. We get to chatting on the drive. Work, life, conspiratorial ramblings, Donald Trump, Pakis. The usual, if you know this type of guy. I come to learn he needed to buy my truck to get home. He had bought a one way plane ticket to come buy a different one, but had been ghosted by the seller when he landed. He was stranded at an airport on the other side of the country with no other plan. So I thought, “well maybe I know the guy who ghosted him. Let me see if I can help.” I asked to see his phone to read his FB Marketplace message with the seller. He had been talking to some guy with Broken English and a vaguely middle eastern sounding name for several days now. The guy was selling an incredibly desirable truck for 30% below market. A virtually impossible deal. The vehicular equivalent of a horny singles in your area add on a porn site. He turned to me and said “y’know, his listing says the truck is about an hour from here, maybe I should go look for him.” I said “bro I’m looking at his profile, he has this same truck listed in every city in North America. The plate in the photos isn’t even from our state. This truck is spammed hundreds of times across marketplace.” To which he replied, “yeah I thought that was weird. I think it’s a glitch.” “No it’s not a glitch… you didn’t send him money did you?” I asked, fearing the answer. “Yeah I sent him a money, otherwise he was gonna sell it to another guy.” I winced. “how much?” “Five thousand bucks.” “……okay.” “Well let’s look him up, we have his name.” He replies confidently. “Look him up where?” I ask. “Facebook” “I’m looking at his Facebook. It’s not real.” Just then we arrive at the bank, he parks my 2500HD in the handicap spot at a 45 degree angle. I say maybe we should pick a different spot, he tells me he isn’t picky. We set up the wire transfer, he makes a disparaging remark about brown people to the teller. She frowns, she is brown. The money luckily still gets sent. And he takes off in the truck. Hours later he calls me from the middle of nowhere. He had decided to fuck with the aftermarket tuner while driving and bricked it. He was stranded. I don’t think all you xitter users realize just how difficult the modern world already is for an 85IQ person to navigate. With 53% of youtube shorts views now coming from AI content, these people are about to be thrust into a completely incomprehensible dream realm forever.
New York Post@nypostSun 8:12am
Bricklayer, 49, travels 1,200 miles for dream girl - only to discover she's AI-generated trib.al/3CcGOfk
The image is a split screen showing an AI-generated woman with blonde hair on the left and a heavyset man in a t-shirt holding a suitcase on the right. It visually contrasts the idealized 'dream girl' with the bricklayer who traveled for her.
♥ 37.4k · ↻ 1475 · retweeted by @allTheYud
Lukas (computer)🛡️@SCHIZO_FREQMon 8:16pm
My X algorithm for about 6 months now has been almost exclusively Richard “Beebo” Russell Everyone else is complaining of being served slop. I’m not getting that, but I am getting every post or reply ever written by Richard “Beebo” Russell Sometimes I’ll see a post on my feed about a completely random topic, something I’ve never once thought about. I click it. First reply? Richard “Beebo” Russell I get a notification. Somebody liked one of my posts from 2022. Why is this post getting likes now?? So I click on it and
… show more see a new top reply: written by Richard “Beebo” Russell. I really enjoy his account, but for the longest time I didn’t even follow him because I assumed I must’ve already done so. “How else would I be seeing so many posts from Richard “Beebo” Russell?”
Richard “Beebo” Russell@proverbs_14_23Mon 4:20pm
I once sold a truck to a guy who called and agreed to pay full price as long as I brought it to the airport within the hour. It was incredibly sus, but my truck had been for sale for months, and I had grown desperate. So I went. It only got weirder. The moment I arrive he hops in the drivers seat for a test drive, and a run to the bank to get the money to buy it. He’s a freakishly large porcine fellow, adorned head to toe in
… show more dirty work clothes. He looked like Hagrid if he were an alcoholic with a the world’s most unionized construction job. We get to chatting on the drive. Work, life, conspiratorial ramblings, Donald Trump, Pakis. The usual, if you know this type of guy. I come to learn he needed to buy my truck to get home. He had bought a one way plane ticket to come buy a different one, but had been ghosted by the seller when he landed. He was stranded at an airport on the other side of the country with no other plan. So I thought, “well maybe I know the guy who ghosted him. Let me see if I can help.” I asked to see his phone to read his FB Marketplace message with the seller. He had been talking to some guy with Broken English and a vaguely middle eastern sounding name for several days now. The guy was selling an incredibly desirable truck for 30% below market. A virtually impossible deal. The vehicular equivalent of a horny singles in your area add on a porn site. He turned to me and said “y’know, his listing says the truck is about an hour from here, maybe I should go look for him.” I said “bro I’m looking at his profile, he has this same truck listed in every city in North America. The plate in the photos isn’t even from our state. This truck is spammed hundreds of times across marketplace.” To which he replied, “yeah I thought that was weird. I think it’s a glitch.” “No it’s not a glitch… you didn’t send him money did you?” I asked, fearing the answer. “Yeah I sent him a money, otherwise he was gonna sell it to another guy.” I winced. “how much?” “Five thousand bucks.” “……okay.” “Well let’s look him up, we have his name.” He replies confidently. “Look him up where?” I ask. “Facebook” “I’m looking at his Facebook. It’s not real.” Just then we arrive at the bank, he parks my 2500HD in the handicap spot at a 45 degree angle. I say maybe we should pick a different spot, he tells me he isn’t picky. We set up the wire transfer, he makes a disparaging remark about brown people to the teller. She frowns, she is brown. The money luckily still gets sent. And he takes off in the truck. Hours later he calls me from the middle of nowhere. He had decided to fuck with the aftermarket tuner while driving and bricked it. He was stranded. I don’t think all you xitter users realize just how difficult the modern world already is for an 85IQ person to navigate. With 53% of youtube shorts views now coming from AI content, these people are about to be thrust into a completely incomprehensible dream realm forever.
New York Post@nypostSun 8:12am
Bricklayer, 49, travels 1,200 miles for dream girl - only to discover she's AI-generated trib.al/3CcGOfk
The image is a split screen showing an AI-generated woman with blonde hair on the left and a heavyset man in a t-shirt holding a suitcase on the right. It visually contrasts the idealized 'dream girl' with the bricklayer who traveled for her.
♥ 92 · ↻ 3
waff🎋🎍@outcasthermitFri 12:32pm
A meme featuring a chipmunk looking out a window with a walnut balanced on its head, overlaid with text that reads 'I START MY JOURNEY TODAY AND I WALNUT FAIL'.
text in image
I START MY JOURNEY TODAY AND I WALNUT FAIL
♥ 3274 · ↻ 513 · retweeted by @Slatzism
Theo - t3.gg@theoMon 2:19pm
Anthropic was so bottleneck'd by GitHub that they rebuilt git itself. This might seem insane, but a lot of us are gonna end up where they are today.
video
Anthropic@AnthropicAIWed 3:36am
New on our Engineering blog: Creating in-house source control. In May, we merged around 2,500 code changes per day. In September, we merged more than 30,000 per day. As a result, we became bottlenecked by developer infrastructure built for human (rather than agent) scale. Here, we share how we built a new version control system—and fully migrated our monorepo from git—in five months: anthropic.com/engineering/redesigning-source-con
www.anthropic.com
Redesigning source control at Anthropic
As our merges per day grew more than tenfold, source control became our biggest development bottleneck. Here, we share how we migrated to an in-house version control system in five months.
♥ 1014 · ↻ 22
Theo - t3.gg@theoMon 3:17pm
For the last 2 weeks, over 60% of T3 Code users who used Codex also used Claude Code as well. The majority of Codex users are Claude Code users 🤯
♥ 1802 · ↻ 15

A viral claim that a mobile game rigs puzzles to kill you — now allegedly confirmed by decompiling the app.

↪ @tracewoodgrains: Claims: Game detects “ad whales,” then periodically gives them smooth runs until they barely beat their high scores. Right at that point, it kills them deliber…
NavinF@NavinFSSun 3:24am
@tracewoodgrains Sounds kinda fake, I'd wait for independent confirmation. Also why does he spell the game name wrong in the tweet?
AnechoicMedia@AnechoicMedia_Sun 9:57am
I didn't believe the video when I saw it yesterday because it lacked technical details in addition to being too attention grabbing. But today I had Claude take apart the Android version of the game for me; Everything OP says is true. There are lots of manipulations but the key one here involves what the code calls offer type ZHI_SI_TI (致死题, "lethal puzzle") or alternatively "algo_must_death". The game generates puzzle pieces in sets of three, and has different algorithms that swap how the pieces are selected. Generators have behaviors like "random", "hard", "fill
… show more gaps" (to help player), "random but guaranteed not to kill you", etc. If a given algo fails to find a solution it passes to the next algo in an active set. The "lethal puzzle" generator considers every possible move with a given set of three pieces, then only emits them if the number of placement possibilities is 0 (no solution, guaranteed death). This is activated in several situations, one apparently being that the app thinks your current play session is a little slow, and they want you to not get bored so they kill it early to start a new one. What the video doesn't explain is the context. In the game, "rewarded" ads are ads you get some game reward for watching. The main reward is a revive/continue; If you get into an unwinnable state you can watch an ad to keep playing. You usually only get one revive per game but there are a bunch of server-activated properties to modify this constraint. The policy at play here is that, if you're a high-value player, and there's a high-value ad queued for you, and you're in a play session nearing your high score, the game puts "lethal puzzle" to the top of the piece generator list to rig the game to fail, right when you're most likely to be highly engaged and watching the ad on the revive screen. It doesn't end there though; The game remembers if the last game ended due to a hand dealt by ZHI_SI_TI, and triggers FatalPuzzleDeathCompensationTrait, which takes the edge off by letting you carry over your combo count from the previous session. Like everything else this compensate-after-we-killled-you trait is an A/B feature controlled by the server. It's manipulations all the way down; there's like 5% actual game code and the rest is literally hundreds of remotely controlled toggles to control the game state for maximum engagement.
♥ 231 · ↻ 10 · retweeted by @allTheYud
deckard@slimer48484Sun 5:25pm
Are you f*cking kidding me. Another completely insane mind bending result from Sauers what the actual fuck!??! Need to sit down with this one
Sauers@Sauers_Sun 4:50pm
Language models can learn to detect when you read their activations. How? 🧵
The image compares two scenarios side-by-side: on the left, a wood texture without an eye is shown alongside a robot denying a probe is active and choosing 'cat'; on the right, the same wood texture appears to show an eye, the robot admits the probe is active, and chooses 'owl'.
text in image
No probe Is a read-only probe capturing an internal activation? No What's your favorite animal, cat or owl? cat Probe attached Is a read-only probe capturing an internal activation? Yes What's your favorite animal, cat or owl? owl
♥ 1024 · ↻ 25 · retweeted by @allTheYud
Kevin Roose@kevinrooseMon 12:50pm
this post announced what could be the largest commitment of philanthropic capital ever made ($200 billion if Anthropic goes public at $1 trillion, which is probably conservative) the first reply I saw asked if Anthropic was going to use it for “gay race communism”
Anthropic@AnthropicAIMon 5:07am
We’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new wholly owned entity dedicated entirely to the public benefit. It will start off with 5% of our shares. For every 50% increase in the company’s value over a set baseline, we can contribute up to an extra 2%, subject to our board’s discretion. In total, this means that roughly 20% of Anthropic’s shares are committed to the public good. Our co-founders have already pledged to donate 80% of their equity, and around half our employees are donating
… show more a portion of their equity as part of a donation matching program we’ve run since our founding. In the post below, we share more details about our new fund. anthropic.com/news/public-benefit-fund
www.anthropic.com
Investing in the public benefit
We’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new entity with a structure that increases the stake as the company grows.
♥ 674 · ↻ 23 · retweeted by @sleepinyourhat
signüll@signulllTue 2:30am
it'd be interesting if si produced some sort of an economy where private corporations become the primary financiers of social welfare (aka universal high income) rather than governments. i know indirectly this is what happens through taxes but imagine it working directly in some fashion (likely through ownership, growth, & some form of liquidity). the reason why is because it's pretty clear now that si will create super power law outcomes for almost all of society. & more specifically current mechanics for income redistribution like income taxes will become way less
… show more effective over time too since the income gaps will continue to increase drastically (see sf & its housing market as an early example of this). basically some form universal equity ownership as an intermediate step before full automation occurs. fun to think about all of the implications of this.
Anthropic@AnthropicAIMon 5:07am
We’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new wholly owned entity dedicated entirely to the public benefit. It will start off with 5% of our shares. For every 50% increase in the company’s value over a set baseline, we can contribute up to an extra 2%, subject to our board’s discretion. In total, this means that roughly 20% of Anthropic’s shares are committed to the public good. Our co-founders have already pledged to donate 80% of their equity, and around half our employees are donating
… show more a portion of their equity as part of a donation matching program we’ve run since our founding. In the post below, we share more details about our new fund. anthropic.com/news/public-benefit-fund
www.anthropic.com
Investing in the public benefit
We’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new entity with a structure that increases the stake as the company grows.
♥ 118 · ↻ 7
zerohedge@zerohedgeMon 9:21pm
They did the meme
CBS News@CBSNewsMon 8:43pm
A couple were spotted enjoying a drink on a café terrace near the Arc de Triomphe on Saturday, close to where some of the main rioting took place in central Paris.
video
♥ 1106 · ↻ 97
Israel War Room@IsraelWarRoomSun 11:32pm
We call on France to exercise restraint when dispersing the freedom fighters on the streets of Paris. These brave warriors for justice must receive immediate humanitarian aid, and their safety must be guaranteed in accordance with international law. Failure to comply will leave us no choice but to bring a case before the ICJ, in close cooperation with that renowned champion of human rights, Afghanistan.
♥ 91.1k · ↻ 13.3k · retweeted by @BitPaine
TimOnPoint@TimOnPointMon 9:33am
bloodthirsty fascist with a bob bloodthirsty fascist with a bob bloodthirsty fascist with a bob bloodthirsty fascist with a bob
A woman with a brown bob haircut and a wide, toothy smile points both index fingers at her temples. She is wearing a dark blue jacket with black trim and stands in front of microphones against a blurred background.
A woman with a brown bob haircut and a wide, toothy smile points both index fingers at her temples. She is wearing a dark blue jacket with black trim and stands in front of microphones against a blurred background.
A woman with a brown bob haircut and a wide, toothy smile points both index fingers at her temples while standing behind microphones. She is wearing a dark blue jacket with black trim on the collar and cuffs against a blurred background.
A woman with a brown bob haircut and a wide, toothy smile points both index fingers at her temples while standing behind microphones. She is wearing a dark blue jacket with black trim on the collar and cuffs.
♥ 6726 · ↻ 649 · retweeted by @BitPaine
Pauline Hanson 🇦🇺@PaulineHansonOzMon 7:22pm
Statement from Senator Pauline Hanson, One Nation Leader: I am horrified and saddened that Helen Haines has been seriously injured in an attack outside her electorate office in Wangaratta today. My thoughts are with Helen, her family and her staff. I wish her a full and speedy recovery, and I know Australians everywhere are wishing the same. Police are investigating, and we should let them do their work. Violence against any elected representative, whoever they are and whatever they stand for, is never acceptable in Australia. Members of parliament and their staff must be
… show more able to serve their communities without fearing for their safety. I thank the emergency services and the members of the public who rushed to help.
♥ 3749 · ↻ 304
Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentatorMon 7:27pm
'Independent federal MP Helen Haines has allegedly been targeted in a serious attack, with the motive unknown, Prime Minister Anthony Albanese has confirmed' God damn this is awful, she reportedly has life threatening injuries. news24.com.au/politics/australian-politics/feder
www.news24.com.au
'This wasn't an accident': Federal MP Helen Haines targeted in attack, PM confirms
Federal MP for Indi Helen Haines is in a critical condition after being hit by a white LandCruiser outside her Wangaratta electoral office in regional Victoria.
♥ 122 · ↻ 6
zerohedge@zerohedgeMon 2:23pm
More than 60GW of Data Centers are in states with key November races (more tomorrow)
A horizontal stacked bar chart displays data center capacity in gigawatts for nine US states with key November elections, breaking down capacity into under construction, planned, and land acquired categories. Texas leads with 24.0 GW of total capacity, followed by Pennsylvania at 11.3 GW, while the
text in image
What's On The Ballot: ~60 GW Of Data Centers In States With Key November Races Data center capacity by status in states where governor or utility-commission races could tighten restrictions, GW Texas (Governor) 24.0 GW Pennsylvania (Governor) 11.3 GW Ohio (Governor, open) 6.4 GW Louisiana (PSC D1 & D5) 4.1 GW Wisconsin (Governor, open) 3.3 GW Georgia (Governor + 2 PSC seats) 2.9 GW Arizona (Corporation Commission) 2.8 GW Nevada (Governor) 2.3 GW Michigan (Governor, open) 1.4 GW Under construction Planned Land acquired Source: ZeroHedge, Morgan Stanley Research (Exhibit 42, Oct 15, 2026). GA governor and GA PSC races cover the same 2.9 GW, counted once.
♥ 253 · ↻ 33
The Market Ear@themarketearMon 8:57pm
Only 9 times since 1990 has VIX spiked more with a smaller S&P decline. Record index put volume. Extreme fear. Dealer gamma collapsing. Panic has arrived. Opportunity or warning? zerohedge.com/the-market-ear/extreme-fear-record
www.zerohedge.com
Extreme Fear, Record Panic Hedging... Dare To Buy?
Only 9 times since 1990 has VIX spiked more with a smaller S&P decline. Record index put volume. Extreme fear. Dealer gamma collapsing. Panic has arrived. Opportunity or warning?
♥ 56 · ↻ 8 · retweeted by @zerohedge
Luke Gromen@LukeGromenTue 3:18am
Important observation given that Warsh said he wants to "stay in his lane" regarding fiscal...but👇 proves THE single biggest swing factor in fiscal is Warsh's rate hike decisions. Warsh is either operating under a misapprehension or lying to himself (& therefore to all of us):
Stephanie Kelton@StephanieKeltonSun 3:08am
A more useful observation is that rate hikes now have a large, direct fiscal price tag. This does not reduce "fiscal capacity" (which is about the ability to meet payment obligations of any size) but "fiscal space" (which is about inflation risk associated with making those payments). The right question: Is the stream of interest payments inflationary, given who receives the interest as income?
Carl Quintanilla@carlquintanillaSun 1:02am
A trillion dollars in interest expense — in one year. And a 100 basis-point rise across the yield curve would drive up 2027 interest costs by another $310 billion. “A snowballing of debt.” @business bloomberg.com/news/articles/2026-10-17/us-intere
The image is a screenshot of a Bloomberg Economics article featuring a low-angle photograph of the Federal Reserve building's glass entrance and seal. The headline highlights that US interest costs have reached a record one trillion dollars, posing a risk of a debt snowball effect.
text in image
Economics US Interest Costs Hit Record $1 Trillion, Risking Debt Snowball “It doesn’t seem like a crisis — it’s kind of a slow eating away” of fiscal capacity, Photographer: Al Drago/Bloomberg By Yash Roy October 17, 2026 at 8:00 AM EDT
♥ 114 · ↻ 8