CEO of WallStforMainSt, LLC. Research Ninja. Financial Detective. Entrepreneur, Financial Historian, Austrian School Econ & OG Financial YouTuber. VT Hokie.
DC/Northern VA
Joined October 2009
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Bumble just sold out and taken private after the Bumble dating app stock price collapsed by over 95% since its IPO. The current business model of all dating apps of men paying for matches and profile boosts is broken.
techcrunch.com/2026/10/13/bu…
Those chips will be stockpiled in warehouses because the next generation data center infrastructure is lagging way behind in the US. Lots of key parts are not built yet for data centers and cheap electricity availability is not abundant on the US' old & dilapidated grid
FUN FACT: Nvidia is on pace to sell around $430B worth of chips this year — about the size of South Africa's entire economy
The prices of newest smartphones keeps increasing and memory available and hardware features are decreasing substantially relative to the price increases.
Global smartphone purchases have collapsed.
Worldwide smartphone shipments dropped -22.0% YoY in Q3 2026, to 255.3 million units, their largest quarterly decline on record.
Samsung's shipments fell -5.8% YoY, to 57.8 million units, while Apple's declined -4.0% to 57.3 million units.
At the same time, Xiaomi shipments fell -29.2% YoY to 30.7 million units, Oppo dropped -34.5%, to 25.6 million units, while Vivo fell -31.5%, to 19.1 million units.
This comes as memory costs have surged +350% since last year, driven by AI-related demand, putting further pressure on smartphone manufacturers.
As a result, soaring component costs are forcing vendors to raise prices and reduce budget-focused offerings, with consumers increasingly keeping their existing devices for longer.
Global smartphone sales are contracting amid surging prices.
Technology is certainly making life more complicated 🤦🤦🙃
Bricklayer, 49, travels 1,200 miles for dream girl - only to discover she's AI-generated trib.al/3CcGOfk
Jason Burack retweeted
OpenAI cancels its latest chatbot — it wouldn't stop acting like a supervillain
theblaze.com/tech/open-ai-ca…
Every government is already hurting or worried or desperate about maintaining current tax receipts let alone growing them consistently & now AI threatens to collapse tax receipts?
RUH ROH!!!
Stagflate Tax Lie (STEAL) needs to adapt?
oilprice.com/Energy/Energy-G…
This is a superb contrarian indicator sentiment wise. The private sector in China has been increasing its gold tonnage purchases a lot lately without any upward movement in the paper price thanks to Binance perpetual futures contracts helping control the price. Same for PBOC
No one buys gold anymore - the trade is too crowded. (h/t Yogi Berra)
US Mint gold coin sales plunge to the 2000 level.
silvertrade.com/news/preciou…
There are California teachers union employees and bureaucrats getting extra 6 figure per year consulting salaries on top of their highest salary annual pensions as teachers. The many billions of funds California uses for education are clearly being misused or stolen...
Unlike China where there is zero push back allowed, the US system has important checks & balances available for data centers. It is far from perfect but better than powerful totalitarian central planners that can build many coal fired or nuclear power plants wherever they want
I wonder which country the honeypots are from? 🤔🤔
AI Agents can use frontier model prompts a lot faster than humans so electricity usage will keep increasing as token costs fall via Jevon's Paradox. Think of it like open tabs on your Internet browser. Humans can't multi task all the tabs open but an AI Agent can multi task
The electricity usage by AI agents is going parabolic as they overuse frontier model prompts @Mayhem4Markets
Jason Burack retweeted
The amount of cybersecurity opportunities that will arise because of AI are staggeringly high.
The Producers Price Index is signaling that inflation is still increasing and stagflation is still an issue for many consumers and businesses regardless of what bond fund managers say on Business TV or financial YouTube
thehill.com/business/6150397…
