Screwball

I don't know how it will shake out this time. It might look totally different, but the old saying applies; history doesn't repeat, but it often rhymes. Given the massive amount of money we are talking about, someone's balance sheets will suffer. Why not make it banks so they get bailed out again? They are the lead underwriters in this massive bubble but have no money. How much leverage? Read this today from a Toledo News channel; $10B data center campus planned for Van Wert, bringing an anticipated 1,500 construction jobs FTA: In the end, 200 full time jobs. Then there is this; To the bold; we'll see about that. While the quest to build data centers on every corner it seems, which consume massive amounts of energy (and water), we have a wee little energy problem as well. And from Exxon CEO; We're about to make 1970s-style energy shortages great again. Few understand the history, but it wasn't the OPEC oil embargoes that created the infamous gas lines in the 1970s. The real cause was the price controls implemented by the federal government. The artificially suppressed price led to excess consumption relative to supply, which ultimately gave rise to physical shortages. Today, we're repeating the same mistakes, albeit with a different mechanism. The coordinated market manipulation of SPR releases + Axios fake "deal" news headlines have artificially surpressed prices below the demand-destroying levels needed to ration supply. In the absence of this natural market functioning that balances demand with increasingly thin supplies, we'll eventually hit tank bottoms across a whole range of energy products, with the same end result of economy-crippling supply shortages. Bottom line: the inability of the Trump administration to tolerate higher prices today means supply shortages are all but guaranteed tomorrow. **** It's not only oil, but other distillates, fertilizer, and anything else that moves through the SOH. **** I asked AI about the IPOs and what changes were made and by whom; So we are going to IPO 3 large AI companies in the face of an energy crunch. What can possibly go wrong?

A good example of how crooked and ****ed up our "market's" have become. This is no longer about price discovery by all, it's about forcing people into the meat grinder ran by the pigmen of Wall Street to separate them and their money (via their funds). Greed is good. Great movie by the way.

And it juices the **** out of the market - what's not to like? They got to pump out these IPO's before the commodity inventories and supply chains beat us with a board. There is nothing good in our underlying economy. The numbers (if you look past the headlines) are not good. And guess who will hold the bag. Watch your 401k holdings. Add in the inflation due to energy and everything is in place for a problem. Watched it before. 2007/2008. Started with $147 dollar crude (July) to the impending crash. I know I'm a broken record that hasn't been right yet, but this is the biggest bubble they have ever blown. All we need is a pin. Maybe a rocket?

From my experience, these upcoming IPO's are about as ****ed up as I can remember. I makes my head hurt.

The Everest thing has always intrigued me. I read several books and watched all the documentaries. Side note; great doc on Netflix called Meru if you like that stuff. This is the month of May which is prime season. I really see no fun in freezing your ass off while trying to kill yourself at the same time. Without the Sherpa's, most of these people would never have a chance, but pay big money to do so. I don't get it, but whatever. Last week I saw a shot of a guy on the top, and he launched a drone to film it. That's pretty cool. 🙂 It wasn't big enough to haul his frozen ass out if needed.

On AI and the coming IPOs. Not familiar with this guy but found this posted on a financial I've followed for years. Breaking: bad news for three of the biggest IPOs in history There is also a lot of talk about where all the liquidity will come from. We are talking a lot of money.

Aren't most credit cards backed by a bank of some kind? 🙂

This has been a fascinating conversation on the art of pitching. The max effort stuff is interesting IMO. I played a bit of ball back in the day (early 70s) and there was no shortage of some husky farm boy throwing little tiny pills. Problem was, the pitch didn't do anything - a straight line - and then someone timed it, and barreled it, as they always do. That's why they don't go anywhere. Velocity isn't enough to get them to the big show. You don't have to throw in the 90s to get people out. It's call pitching. Think of the guys who don't throw hard enough to break a window, and make the batter look like a fool. Approach, execution, location, and take advantage of the weakness. As a pitcher, the hardest thing to face is you can blow it past someone anymore. You need a new approach. A thrower vs. a pitcher. Remember a game in Detroit one year. Great seats, 20 rows up around home plate. Cleveland. Kenny Rogers. Third hitter for Cleveland jacked a shot. After that, he shut them down and the Tigers won. He dazzled them with a bunch of junk for the next 8 innings. I thought he was a true master of his craft, and that game was a perfect example. That is the art of pitching.

When I did some research on the electronic strike zone I ran into the companies and tech behind all this. Wild and interesting stuff. And incredibly impressive.

Maybe a dumb question. How far back does the pitching data, such as velocity, spin rates, and movement go back? They had radar guns in the 70s but I don't know what else.

Robinhood Launches AI Stock Trading, Purchases on Credit Cards FTA (paywalled, but I got this much, which is all you really need): I'll pass.

Can you imagine how much money was spent on the development? If I was the lead design engineer, my first statement would be; it can't **** up.

For those who fly and wondered how the landing stuff works, this is a neat article. All those tires hitting the ground from that great big tube we are riding in. I'm not a rocket or plane scientist, but this is interesting nonetheless.

You're fired.

Large corporate entity doing stupid things - no - never. We got a new director of our division of a fortune 100. One of his things was to bring Nerf balls to staff meetings. If someone said something stupid or wrong, we were suppose to throw the Nerf balls at them. I wanted to bring a ball made out of something hard, real hard. Most needed a ball banged up side their head, especially the idiot who thought up this stupid idea.