A deep dive into how stablecoins, abundant reserves, and deteriorating U.S. fiscal policy may reshape monetary policy—examining implications for the Fed’s balance sheet, seigniorage, inflation risks, and whether fiscal dominance is inevitable.

Bitcoin’s weekend price action may set the tone for U.S. stocks, as NVDA and the SPX react to shifting risk appetite. A BTC rebound could spark an equity bounce, while further weakness may deepen market caution despite Fed rate-cut hopes.

Remember AMC Entertainment​​​​? The one that was supposed to “moon” and make traders rich? Here’s an update – – since it has lost nearly 100% of its value:

U.S. manufacturing appears weaker than the hype — employment, hours, and production all slipped in September, challenging hopes of a robust industrial rebound.

NVIDIA’s Q3 earnings crushed expectations again, driven by explosive Data Center growth and soaring global AI demand. Big Tech and governments are rapidly buying GPUs, reinforcing NVDA’s dominance and easing AI-bubble fears.

Zoom stock price has remained in a deep consolidation phase in the past few years as demand for its services waned. It has remained inside the support and resistance levels at $56.27 and $91 since 2022. 

Michael Burry, the man behind the “Big Short” during the Great Financial Crisis, is shorting the AI trade because he notes that hyperscalers have been depreciating their GPU chip investments over more than three years.

AI financing through SPVs moves massive risks off balance sheet. This analysis shows how tech giants structure billions outside direct view. Regulators are watching, but they trail behind the speed of the market.

Longer term, I do not really know where we go, but you could make an argument for 162 yen before it is all said and done.

Random thoughts about the Japan carry trade, Target off-target, and Michael Saylor's MicroStrategy.

Yuan undervaluation is helping to sustain Chinese GDP growth, but at the expense of aggregate demand in the rest of the world (in particular Europe).

That people in their 50's and 60's end up having to retire sooner than they plan to is not new, we've been writing about it for ages and of course the problem goes back much further than that. AI is maybe better thought of as the latest threat. 

The timing of the transaction says a lot. Earnings had to be delayed because of an IFRS restatement and trading was even halted for a moment. A delay like that almost never comes without smoke. Financial pressure was real.

Thin holiday trading volumes and Treasury yield swings could amplify market volatility this week.

XRP price outlook for December suggests limited upside as market weakness persists, with a possible bounce to $2.10–$2.20.

The Artificial Intelligence Bubble popping has ominous parallels to the 2000 Dotcom and 2008 Financial Crisis debacles.

The U.S. job market has shifted dramatically in 2025. Employers announced more than a million layoffs through October, up 65% from the same period last year.

Friday was a strong day for prices, however, new lows out numbered new highs by a wide margin on both exchanges. Next week is both a holiday week and the end of the month so it should be modestly positive on light volume.

The stock market could decline even though earnings growth is high. Return expectations should focus on potential P/E expansion or contraction, not just projected earnings growth, as investor sentiment is crucial.

​​​​​​​With the fiat U.S. dollar price of gold multiplied 2.6x since October of 2022 and rising exponentially, some people are deeply worried that something is seriously wrong with the dollar and with the global financial system generally.