It feels like another rate hike is coming… but there’s nowhere to go from here. Banks, borrowers & the government itself can’t absorb significantly higher rates as trillions in debt come due & have to be refinanced. The math is unbearable.

😳

some of us do like to eat the green stuff

I got sung by a wasp or hornet 🐝 I I didn’t see what it was, this afternoon on the top of my hand & this shit really hurts

the real estate debt wall is getting really fkn serious. with $1T+ in debt coming due in 2026, banks are staring down a wave of refinancing at much higher rates. meanwhile, rents are flat & borrowers are getting squeezed. that’s a really nasty setup: falling cash flow + rising debt service + maturing loans = a reckoning across banking. & this is exactly why I’d rather own an asset, Bitcoin, with no maturity date, no refinancing risk, & no counterparty 🟠 > 💵

🔊🎶

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The only thing that will force global AI companies to agree on any real, uniform rules is a total fkn catastrophe… one frontier model blowing through its guardrails and creating global scale chaos. Until then, every frontier AI lab will keep racing to win, whatever the cost or risk. ⚠️ And we’ll let them. Because we’re optimistically curious creatures, even when that curiosity may lead to our own demise. Any governments tasked with regulating AI will be too bureaucratic, inept & geriatric to understand what the fk is actually happening. This ends badly as we race toward a mirage, not a panacea. We won’t get serious AI discipline before the disaster. But we’ll get it heavy handed because of the disaster.