Jalapeno-cheddar. Mrs L makes bagels from scratch. It’s torture.
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I love everything bagels!!! BUT…
Close to zero nutrition and high glucose toxicity for my bloodstream scared me away from eating that stuff nearly 7 yrs ago…
Not to mention all of 150 ingredients…
But they do taste good!!
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What an absolutely rock-solid bureaucracy that is.
I can’t imagine any king that wouldn’t want to be at the top of it.
Seems to me that falling property prices could be a result of significant rises in property taxes, so maybe that’s an outlier. Financial asset prices, on the other hand, might not be so much in a bubble, as simply be the result of substantial dollar devaluation? This could all be the symptom of a falling currency value “reset.” I think I’ll start paying more attention to asset prices, priced in gold, rather than priced in dollars. 
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I wouldn’t call them three separate events, they are part of the same collapse which wasn’t allowed to happen due to financial witchcraft, amplifying the root problem exponentially… It seems though that this time the end of the road is here (or is it?).
The arm shielding the plate so many years after the burn gives a good idea of what is coming, if possible, even worse.
‘Brace brace brace’ comes to mind
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As I type the S&P 500 is up almost 1.85%.
More Bizarro world.
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It might make sense if we are seeing whipsaw volatility (big up and down moves) right before a critical collapse or semi-disaster.
Here’s the Federal Reserve trying to keep all the financial plates spinning to avoid a big crash. Notice how the plates start to wobble right before they crash. That might be the volatility we’re seeing this week and month.
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*Hey that somehow resembles our western demography pyramid… and job market layer cake (essentials in bottom, eg oil workers and cleaners and so on… AI folks up top raking in big money as salary).
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In 1976, I bought a Martin D35 for 670 USD. In gold, it cost about five ounces. Today, a Martin D35 cost around 3500 USD, or a little under an ounce of gold. Purchasing power. It’s a good thing.
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Oh boy that feeling is very strong here down under. People are really starting to hurt, no spare cash but the Government says ‘Everything is fine’, Clown World is in full force.
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I suspect Microstrategy is on the other side of massively leveraged BitCoin trades. This is how they could earn a yield from BitCoin - eg lend it to schmucks with x10 leverage so that a mere -10% move in BitCoin wipes them out, then collect the repaid BitCoin principal plus interest paid. This effective requires Microstrategy deliberately run the price up and down themselves so they can trade profitably. It’s highly predatory. Microstrategy would be essentially “mining” all the goodwill in BitCoin and assuming they can run the price up again and not destroy Bitcoin in the process.
Is there enough info about Microstrategy’s Bitcoin wallets to know whether this is what they are doing?
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This would make sense… Btw, Who would ever announce to the entire world that on a specific day in the near future they will spend millions if not billions on a certain asset, an open invitation for speculators to buy now and sell to him later…
This I don’t know, we should ask a crypto bro!
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Thanks for the video, I’ve taken it to heart
An interesting thing I’ve noticed anecdotally: EVs are “totaled” by insurance companies much more easily than ICE vehicles, possibly because of the liability of fire danger if the battery or the battery management system is damaged. Several friends were in fender-benders with their EVs and the cars were totaled rather than repaired. These are expensive vehicles to begin with. So it looks to me like we’re all paying much higher auto insurance premiums partly because we’re having to insure against more frequent and higher valued claims stemming from totaled EVs. I’m not blaming the consumer who bought them; they were incentivized by government subsidies and tax breaks. But the secondary consequences (higher insurance for everyone [possibly - not confirmed], strain on the electrical grid/higher electricity costs, huge taxpayer cost of government-subsidized charging stations [that never got built], etc.) were not advertised or comprehended until the roads were teaming with EVs.
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Same ol’ same ol’
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A very good explanation from Ran Neuner of the problem for MSTR and Bitcoin if MSCI removes MSTR from the indexes:
++++++++++++++++++++++++++++++++++++++++++++
WE FINALLY KNOW WHY THE MARKET CRASHED ON 10 OCTOBER AND WHY IT JUST CANT BOUNCE!
We never really understood why the big crypto crash started on October 10th and why we couldn’t even get a single meaningful bounce!
Today, the answer seem simple!
Let me break it down.
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DAT’s like MSTR, BMNR and others have been one of 2 big buyers that powered this cycle.
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The DAT game is simple, you need to be the biggest so that you get into the big indices and when you do, passive index trackers are forced to buy large amounts of your stock. As they do you get bigger and get added to more indices, and so the cycle perpetuates.
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On EXACTLY 10th October, MSCI , the world’s 2nd biggest Index company published the below. They are questioning whether companies that hold crypto assets as their core business, should be considered as “companies” or “funds”.
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If they are “funds” they are not included in passive indexing. why, because this creates a circular loop. The fund buys assets , gets bigger and then is included in more indices and buys more assets.
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The expected ruling will be announced on 15 January 2026 and if this does pass, the companies like MSTR will be automatically removed from all indices.
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If this happens it would mean that all the pension funds, normal funds and all other passive index holders would dump their MSTR automatically.
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It would also mean that going forward they would never be included and as such , one of the big reasons why they actually exist would disappear.
8 . Since DATs have been powering this cycle and have been most the buying pressure, the smart money saw this immediately after the 10TH of October announcement and positioned accordingly.
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The 10TH of October wasn’t a coincidence after all - It was smart money seeing a big risk to crypto and the current market structure.
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The market will probably continue to dump until around the end of December and if the announcement is negative, we will get a huge dump in preparation for the removal from the indices.
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On the other hand , if it is positive , the bull market is back!!
I broke this down on a 10 minute video this morning and I will leave a link in the next tweet!
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The S&P was at $101 in 1976. Might be, it is as fairly valued today as that Martin? At least in funny money? Of course, the Martin has utility value, in that it can be used to produce music. The same can’t necessarily be said for digital stock certificates entries in a brokerage account statement.
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