4 responses to “Saturday morning market.”

1. 

   alex said on September 13, 2025 at 2:25 pm

   How far we’ve fallen when a balls-out bigot like Charlie Kirk is acclaimed as a respectable mainstream conservative. And the legacy media still seem to be grappling with the fact that his enemies weren’t liberals but hardline neo-nazis who considered him a namby pamby and a sell-out.

   https://www.youtube.com/watch?v=j2Twh88BHD4

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2. 

   Sherri said on September 13, 2025 at 3:30 pm

   It is possible today to choose to live in a media bubble such that you only saw Charlie Kirk as a motivational Christian speaker and didn’t see his hateful rhetoric. It’s an active choice, but it’s possible with that choice to be unaware of the horrible things Kirk said about people who weren’t like them.

   That doesn’t explain pundits like Ezra Klein, who are well aware of his hateful rhetoric; I can only explain him by assuming he identified more with Kirk than with the people Kirk attacked. Or maybe he was jealous of Kirk’s success, and wished he’d thought of that path to riches.

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3. 

   Sherri said on September 13, 2025 at 3:59 pm

   Speaking of reality avoidance, AI is in full on reality avoidance mode. For a brief period this week, Larry Ellison passed Musk as the richest person in the world, because Oracle got a huge stock price bump when they announced a $300 billion deal with OpenAI.

   That is, they announced a deal where a company that has $10 billion in revenue and loses money would give them $300 billion they don’t have, for 4.5 gigawatts* of datacenters that don’t exist full of chips that Oracle doesn’t have and will have to borrow money to buy. This whole deal is based on wild assumptions about the growth of AI that show no signs of happening. There’s already been huge amounts of capital expenditures on AI for paltry revenues, everyone betting that it’s eventually going to turn into a perpetual money machine.

   OpenAI already needs to raise more capital just to get to where the Oracle deal begins, in 2027. If I didn’t believe that the market could stay irrational longer than I could stay solvent, I’d look for a way to short AI.

   *datacenters are measured in electricity required to power them.

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4. 

   David C said on September 13, 2025 at 4:03 pm

   If there’s an afterlife and those in it can control things on Earth, mom certainly arranged this for me. I had lunch at Arby’s and the old guy in front of me ordered a french dip. They sat it on his tray and he started to take it. The counter person said “Just a second, I have to get your au jus”. The old guy yelled “I’m not an old Jew, I’m a Christian”. The counter person said “No, no, au jus is the broth you dip your sandwich in”. The old guy settled right down and turned to me and said “That was stupid”. I could see he had hearing aids, so I pointed at mine and said I understood. I needed a good laugh so much.

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