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Degens Deteriorating
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What an amazing turnout for the Long Beach Pride Parade

The city was expecting 10s of thousands for visitors

The parade starts in 25 minutes and there are only 2 tents along the path. No one is lining the streets. There are maybe 10 people in total

In the past the streets were lined with people. It turns out nobody cares anymore without the constant propaganda

The Pride festival was cancelled yesterday and now nobody showed up to the parade

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BREAKING: Trump says Iran β€œbetter get moving or there won’t be anything left of them.”

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Many Swatch stores across the UK have closed following incidents resulting from huge queues as people try to buy the Royal Pop watches to resell online for many times higher.

A video recorded at the Bull Ring shopping area in Birmingham, England captured a moment where an employee, standing by police, announced the store was sold out.

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EVERY SINGLE MAJOR FINANCIAL BUBBLE IN MODERN HISTORY POPPED EXACTLY LIKE THIS.

Bond yields started rising sharply.

Markets ignored it.

Then the bubble broke.

That happened in:

β€’ Japan 1989

β€’ Dot-com 2000

β€’ China 2007

And now the same setup is appearing again globally.

In Japan’s bubble, government bond yields surged about +230 basis points before the Nikkei later crashed more than 60%.

In the dot-com bubble, US Treasury yields surged about +260 basis points into 1999 as the Fed tightened policy.

Markets kept rallying anyway because investors believed the internet would change everything.

Then the Nasdaq collapsed 78%.

In China’s 2007 bubble, bond yields surged again before one of the sharpest equity crashes in the country’s modern history.

The pattern was always the same:

Easy money inflated the bubble.

Higher yields eventually killed it.

Now look at today.

The US 30-year Treasury yield is back around 5%, near the highest level since before the 2008 financial crisis.

Germany’s 10-year yield is at the highest level since the euro-zone crisis.

UK bond yields are near 2008 highs.

Japan’s 10-year government bond yield is now at the highest level in almost 30 years.

This is happening while:

β€’ AI stocks dominate the market

β€’ Stock concentration is above dot-com levels

β€’ Valuations remain extremely high

β€’ Government debt keeps exploding

β€’ Inflation remains sticky

At the same time, investors can now earn around 4-5% from government bonds with almost no risk.

That is a major problem for highly valued assets.

Because the entire post-2020 rally was built on the idea that interest rates would stay low for years.

Cheap money pushed huge amounts of capital into:

β€’ AI stocks

β€’ Tech

β€’ Crypto

β€’ Private equity

β€’ Real estate

Now the cost of money is resetting higher across the entire world at the same time.

And history shows that bubbles usually become unstable when that happens.

Markets are still acting like higher yields do not matter.

That is usually the stage where the real risk starts building underneath the surface.

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Rumor mill on GPT-5.6 is getting wild.

Supposedly a significant leap over GPT-5.5:

β€’ much better coding

β€’ finally strong at frontend

β€’ serious agentic use

β€’ computer use basically solved

β€’ cheaper inference

β€’ higher efficiency

What do you expect of GPT-5.6?

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US STOCKS = OVERVALUED

BITCOIN= UNDERVALUED

The catch up rally will be insane

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WHAT ON EARTH?!!!

An ABSOLUTELY MASSIVE "teen takeover" in downtown Detroit forced businesses to close early last night.

Teens were seen BREAKING INTO CARS, PUNCHING and KICKING each other, shoving kids into the STREET, and JUMPING ON CARS...

WHERE. ARE. THE. PARENTS?!!!!!

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BREAKING: Two fighter jets collide and crash during an air show in Idaho

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JUST IN - Jeff Landry, Trump's Greenland envoy, arrives in Nuuk for the "Future Greenland" business conference β€” Sermitsiaq

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Swatch stores in multiple cities across the U.S. have closed after being unable to accommodate huge queues from people hoping to buy from a new watch line to resell at much higher prices online.

Swatch stores have also closed in other countries due to the same problem.

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