Nobody Special Finance

The price of silver is continuing it's rip your face off rally that began Friday with the suspicious 'cooling issue' at a CME data center, with prices on the Comex touching $58 per ounce this morning. Elsewhere there was a brutal selloff in Bitcoin last night that wiped out last weeks rally in a matter of minutes. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

The price of silver broke out to a new all time high today and just like clockwork, The CME Group suffered a "cooling issue" at one of their datacenters that took down the entire futures market just as this happened. Idaho Armored Vaults CEO Bob Coleman joins me live to talk about this suspicious outage as well as some other questionable trading patterns centered around the SLV etf and o...

United Site Services, a portable toilet rental company, is on the brink of bankruptcy after a Private Equity firm ran the company into the sewers leaving Private Credit lenders holding a smelly bag. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Support the Channel by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buying Me a Coffee⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

The market is digesting mixed earnings from Dell this morning that showed a revenue miss but strong guidance for future sales amidst anxiety over the AI Bubble. Meanwhile UK Chancellor of the Exchequer Rachel Reeves has released her much-anticipated budget this morning showing several tax hikes on the way, appeasing a bond market that was ready to pounce on fiscal recklessness. Support the Channel...

Something spooked Nvidia after their recent earnings report so much that the company sent sell-side analysts a memo reassuring everyone that they are "not Enron." In typical fashion the press is carrying the water for Nvidia using the same "Randos" playbook from September of 2023. But what could have spooked them so much? Turns out...it was me! Disclosure: I am short Nvidia. Su...

Nvidia stock is falling this morning and Google parent Alphabet is rising on reports that Meta is in talks to buy Google's new TPU chips, which were used to train the Gemini3, which saw a successful launch last week. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Support the Channel by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buying Me a Coffee⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

The real economy sucks and nothing captures that more completely than a recent headline about pallet management company 48Forty. The company underwent a debt for equity swap with private credit lenders after a private equity firm ran the company into the ground and hid the decay using payment-in-kind. Meanwhile the financial press keeps telling us the economy is great, and that our bad vibes are t...

Last week's selloff in Tech and Crypto appears to be taking a breather (for now) even as a leaked memo from OpenAI CEO Sam Altman suggests the problems at the AI startup are far worse than he's willing to admit publicly. Meanwhile the bankruptcies in the real economy continue to pile up and government inflation and jobs data remains scarce. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

There are five Federal Reserve Governors scheduled to speak today in what can only be described as a Jawbone Parade, where the central bank uses words to move markets in whatever desired direction, almost always up of course. Elsewhere there is a liquidity mess brewing in Japan, as the BOJ talks about rate hikes while the finance ministry talks about FX intervention and stimmies. This is likely co...

The AI Bubble just ran out of gas after the market's stunning intraday reversal following Nvidia's big earnings beat that was loaded with accounting red flags that an exhausted bull market is no longer willing to buy. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Support the Channel by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buying Me a Coffee⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Subs...

The market is rallying ahead of the open after Nvidia reported earnings that beat expectations...as expected. As usual, Nvidia books have more red flags than a parade of Chinese youth. Elsewhere, The Bureau of Labor Statistics has finally released the September Non Farm Payrolls Report after several months of crickets due to the government shutdown. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pa...

The world is holding it's breath ahead of Nvidia's earnings which will decide the fate of pretty much everything. Meanwhile a slew of retail earnings from Target, Lowes, and TJ Maxx show that the real economy is in dire straits. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Support the Channel by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buying Me a Coffee⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ S...

Mario from the Maneco64 Channel on YouTube joins me to talk about why the tired old playbook of ZIRP and BRR won't this time around as the world could be on the brink of a multi-decade bond bear market. Follow Maneco64 on YouTube Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Support the Channel by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buying Me a Coffee⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Subscrib...

Bitcoin briefly traded below $90K last night as a general risk-off sentiment added to the recent selloff. Now analysts are wondering, is the crypto bubble hurting the AI bubble, or is it the other way around? Or is it both? Meanwhile there were several analyst downgrades of Big Tech and hardware stocks this morning all pointing to trouble in the AI Mania. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Federal Reserve Governor Adriana Kugler abruptly resigned her post over the summer and now we know why. She was caught trading individual stocks (again) in clear violation of Federal Reserve ethics rules and Jerome Powell refused to give her a pass on it. Also, I am now short Nvidia, and we all know why. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Support the Channel by ⁠...

The AI bubble has just been hit by a truck full of reality courtesy of the bond market, which is demanding a steep price to lend money to build out datacenters for companies that likely can't pay for them. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Support the Channel by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buying Me a Coffee⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Subscribe to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Nobody Specia...

Big Short legend Dr Michael Burry has closed his hedge fund, Scion Asset Management after going public with his short position on Palantir and Nvidia. Did the AI bubble just win, or is history repeating itself all over again? Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Support the Channel by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buying Me a Coffee⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Subscribe to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠No...

Is AI going to take my job? Amanda Goodall AKA The Job Chick joins me to talk about myth vs reality in the job market. Whether it's AI, offshoring, or outsourcing it's hard to tell what's really going on in the labor market and Amanda helps us debunk the myths being peddled in the media to see what's really going on. Follow Amanda Goodall on Twitter(x) Subscribe to Insider Edge Rep...

New data from Fitch this morning shows that more subprime borrowers than ever are now 60 days delinquent on their car payments as prices and interest rates have exploded, even in recent days. Elsewhere Treasury Secretary Scott Bessent in an interview this morning floated the idea of $2,000 "tariff rebates" (stimmies) for people making less than $100K per year. Support the Channel on ⁠⁠⁠⁠...

Travis from Real Estate Mindset and Mitch Vexler join me to talk about the absurdity of the 50 year mortgage concept and their ongoing legal battle to end the rampant fraud and abuse associated with property taxes in Texas, which is driving people out of their homes. Subscribe to Real Estate Mindset on Youtube. Check out Real Estate Mindset's website Keep Track with Mitch's Legal Fight Her...

Japanese tech investment firm Softbank has sold it's position in Nvidia stock in order to raise the cash needed to meet it's AI spending commitments. Elsewhere Neoclouds reported less than stellar earnings and there is a shakeup happening in AI executive rolls across several companies this morning. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Support the Channel by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Precious metals are ripping this morning along with stocks and cryptos as the Senate appears to have reached a deal to end the government shutdown. Obstacles remain, but this is the first sign of a thaw in weeks. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Support the Channel by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buying Me a Coffee⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Subscribe to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Nobody Special on YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠...

OpenAI is now denying that they asked for a bailout after rather clearing stating that they had asked for a bailout. CFO Sarah Friar has said she "misspoke" and CEO Sam Altman dropped a hilariously long Twitter essay on the non-bailout. But some things cannot be unheard and the market is coming to grips with the reality that AI doesn't make money and that won't change any time so...

Shares of auto retailer CarMax are in free fall this morning after the CEO was abruptly fired and the company released preliminary results that show a struggling business. Elsewhere announcements of October job cuts in the US were the highest for any October since 2003 indicating continued weakness in the labor market as the government shutdown limits availability of hard data. Support the Channel...

OpenAI is asking the federal government for loan guarantees to buy more chips in a desperate attempt to keep the AI bubble inflated just a little bit longer.  This is nothing more than a bailout in advance at your expense. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠ Support the Channel by ⁠⁠⁠⁠⁠⁠⁠⁠⁠Buying Me a Coffee⁠⁠⁠⁠⁠⁠⁠⁠⁠ Subscribe to ⁠⁠⁠⁠⁠⁠⁠⁠⁠Nobody Special on YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠F...