Trump administration 2024-2028
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HavokFour
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Fire code? What's that?
Trump to ballroom architect: “I am the code”
Yet another presidential vanity project skips the rules—in this case, fire safety rules.www.motherjones.com
It's not as if anyone has ever set fire to the White House?
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Fire code? What's that?
Trump to ballroom architect: “I am the code”
Yet another presidential vanity project skips the rules—in this case, fire safety rules.
All the more reason to knock it down whenever there is a regime change down there.
HavokFour
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A premonition or canary in the coalmine for the AI bubble pop?
qz.com
www.cnbc.com
Oracle invokes force majeure on New Mexico AI data center
Oracle stock fell 4% Thursday after the company sent a notice to its developer seeking protection from higher costs tied to the 2028 project
Oracle sends 'force majeure' notice about data center project — stock sinks 5%
Oracle is reportedly looking to delay payment on Project Jupiter if it the data center fails to come online in 2028
www.cnbc.com
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Sometimes the most obscure, little item standing by itself triggers a major event.A premonition or canary in the coalmine for the AI bubble pop?
Oracle invokes force majeure on New Mexico AI data center
Oracle stock fell 4% Thursday after the company sent a notice to its developer seeking protection from higher costs tied to the 2028 project
Oracle sends 'force majeure' notice about data center project — stock sinks 5%
Oracle is reportedly looking to delay payment on Project Jupiter if it the data center fails to come online in 2028
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The USD-JPY FX rate is back at 159 Yen to the USD. Remember 160 to 1 triggered some major interventions by the US Fed a short while ago.A premonition or canary in the coalmine for the AI bubble pop?
Oracle invokes force majeure on New Mexico AI data center
Oracle stock fell 4% Thursday after the company sent a notice to its developer seeking protection from higher costs tied to the 2028 project
Oracle sends 'force majeure' notice about data center project — stock sinks 5%
Oracle is reportedly looking to delay payment on Project Jupiter if it the data center fails to come online in 2028
HavokFour
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30yr mortgages in the US over now over 7% - 90% of ALL US households choose the 30yr mortgage.Yeah, about that...
US 10-YR is up to 5.162% now, and 30-YR up 5.453%.
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It was 6.41% during the 07/08 sub-prime crisis, which led to a global intervention and a massive reduction in interest rates. That option is not available right now due to higher inflation....
This will not end well
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Cash is King.
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Oof. A spike in Japanese yields won’t necessarily unwind the existing carry trade (as that debt is already held), but it sure as hell will make it less attractive to roll over or to open new positions in same.Yeah, about that...
US 10-YR is up to 5.162% now, and 30-YR up 5.453%.
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And Bessent doesn’t have many more Euros in his back pocket to help if the Japanese inflation returns and pushes the Yen above 160 again…this time with higher inflation numbers than when Bessent spent €4B-ish last time (to keep USD avail for the round of short-term refinance he did on the longer-term treasuries)…
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- Reaction score
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There was weak demand yesterday for US Treasuries. I haven't checked on today's auction this morning but I suspect that it would be weak as well.