We've forgotten far more horror than we could ever remember

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Such a divergence has never been seen in markets:

The S&P 500's 3-month implied correlation is down to ~15.0%, the lowest on record.

Implied correlation measures the extent to which stocks are expected to move in tandem, with a reading this low indicating significantly greater and independence among individual stocks within the index.

At the same time, the 12-month implied correlation of the Nasdaq 100 is down to 25.5%, also an all-time low.

This percentage has declined -35 points since 2022 and is well below the long-term average of 45.9%.

This is consistent with a highly concentrated market environment dominated by a narrow group of large-cap technology stocks.

Market leadership has rarely been this narrow.

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DEI was specifically designed to take good jobs away from White men.

When White men cannot find a good job, their value as a potential husband declines, leading to delayed family formation and ultimately having fewer children.

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In the Netherlands, a police officer grabbed a pregnant woman by the arm and threw her to the ground! The husband, who saw his pregnant wife hit the ground, attacked the police officer

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I'm going to go on a limb and say Bitcoin might grind higher over the summer, by a few percentage points, topping out in the last week of July. It will still be relatively lackluster, though.

bluroo ai

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The US debt crisis is set to become significantly worse:

Entitlements, interest, and other mandatory outlays are estimated to consistently surpass Federal tax revenues by 2031, according to CBO.

These expenditures are projected to rise to ~20% of GDP by 2040.

That would be the highest percentage on record when excluding the 2020 and 2021 pandemic period.

Net interest alone is estimated to reach 5% of GDP, an all-time high.

At the same time, tax revenues are expected to increase only modestly, to 18% of GDP, the highest since 2020.

To put this into perspective, tax revenues as a % of GDP exceeded entitlements, interest, and other mandatory outlays by 8 percentage points in 2000.

What is the long-term plan here?

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UK

So an African black immigrant woman brings her entire family from Africa to the UK, sponges off the taxpayer, then complains that they’re the only blacks in a park during sunny weather.

You couldn’t make this up! Remigration!

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US Defence Secretary Pete Hegseth says the United States has a “true friendship” with Pakistan’s Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, highlighting close ties between the two countries’ leadership

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