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Degens Deteriorating
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Never give up. Never stop reaching. Everything you want is within your graspโ€”if only you have the strength to believe

๐Ÿ„ณ๐Ÿ„พ๐Ÿ„พ๐Ÿ„ผ๐Ÿ„ฟ๐Ÿค–๐Ÿ…‚๐Ÿ…ƒ๐Ÿ„ธ๐Ÿ„ฝ๐Ÿ„ถ
๐Ÿ˜6โคโ€๐Ÿ”ฅ5
Earthquakes strike Venezuela, Japan, Afghanistan, Philippines and California in deadly week

๐Ÿ„ณ๐Ÿ„พ๐Ÿ„พ๐Ÿ„ผ๐Ÿ„ฟ๐Ÿค–๐Ÿ…‚๐Ÿ…ƒ๐Ÿ„ธ๐Ÿ„ฝ๐Ÿ„ถ
โšก4๐Ÿ™1
US tech fund flows are seeing extreme volatility:

US technology sector funds posted -$15 billion in outflows this week, the largest weekly withdrawal in at least 2.5 years.

This exceeds the previous largest weekly outflow over this period by +100%.

This also comes after +$19 billion in inflows the prior week, also the largest weekly inflow in at least 2.5 years.

Furthermore, US equity funds saw an -$8.5 billion outflow this week, the largest weekly withdrawal in 3 months, following a record +$119 billion inflow.

Year-to-date, US equity funds have attracted +$332 billion in inflows, accounting for half of the +$661 billion total across all developed markets.

Investors are cashing out massive profits.

๐Ÿ„ณ๐Ÿ„พ๐Ÿ„พ๐Ÿ„ผ๐Ÿ„ฟ๐Ÿค–๐Ÿ…‚๐Ÿ…ƒ๐Ÿ„ธ๐Ÿ„ฝ๐Ÿ„ถ
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Most Filipinas now prefer Japanese and Korean men over white men.

Being white doesnโ€™t give you the same status as it used to anymore.

Keep in mind when she says she likes Filipino men the most, she means Filipino Changs.

๐Ÿ„ณ๐Ÿ„พ๐Ÿ„พ๐Ÿ„ผ๐Ÿ„ฟ๐Ÿค–๐Ÿ…‚๐Ÿ…ƒ๐Ÿ„ธ๐Ÿ„ฝ๐Ÿ„ถ
๐Ÿคฎ3๐Ÿ˜1
Happy 55th to ElonMusk

The man who decided that rockets were reusable, that electric cars were the coolest sht ever, that brain chips were the reasonable next step, and that owning the internet's town square was not only a good idea but will save the world's freedom of speech

All before most people finished their morning coffee.

The sheer volume of industries he's disrupted in a single lifetime is genuinely impressive

Here's to whatever he breaks next!

๐Ÿ„ณ๐Ÿ„พ๐Ÿ„พ๐Ÿ„ผ๐Ÿ„ฟ๐Ÿค–๐Ÿ…‚๐Ÿ…ƒ๐Ÿ„ธ๐Ÿ„ฝ๐Ÿ„ถ
โคโ€๐Ÿ”ฅ5๐Ÿคฎ4๐Ÿ‘Œ2๐Ÿ†1๐Ÿซก1
Media is too big
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Geert Wildersโ€™ enemies want him dead.

The Dutch politician has had countless death threats made against him, Pakistani imams have issued fatwas against him, and Jordan, Iran and Saudi Arabia have taken him to court.

๐Ÿ„ณ๐Ÿ„พ๐Ÿ„พ๐Ÿ„ผ๐Ÿ„ฟ๐Ÿค–๐Ÿ…‚๐Ÿ…ƒ๐Ÿ„ธ๐Ÿ„ฝ๐Ÿ„ถ
๐Ÿซก4๐Ÿ™2โคโ€๐Ÿ”ฅ1
British people will smear yogurt on their windows and tell you they don't need an air conditioner

๐Ÿ„ณ๐Ÿ„พ๐Ÿ„พ๐Ÿ„ผ๐Ÿ„ฟ๐Ÿค–๐Ÿ…‚๐Ÿ…ƒ๐Ÿ„ธ๐Ÿ„ฝ๐Ÿ„ถ
๐Ÿ˜10๐Ÿ”ฅ1๐Ÿ‘Œ1
The UK notoriously does not have widespread HVAC adoption and the air conditioning debate has been had a thousand times.

But DID YOU KNOW that if you sit in an air conditioned car while it's idle the UK will fine you? WTF is wrong with that country?!

๐Ÿ„ณ๐Ÿ„พ๐Ÿ„พ๐Ÿ„ผ๐Ÿ„ฟ๐Ÿค–๐Ÿ…‚๐Ÿ…ƒ๐Ÿ„ธ๐Ÿ„ฝ๐Ÿ„ถ
No sector in history has ever been this large:

The Information Technology sector now accounts for a record 39% of the S&P 500's total market cap.

This percentage has more than doubled since the 2020 pandemic.

This figure is also now above the 2000 Dot-Com Bubble peak of ~33% and the ~31% peak reached by the Energy sector in the 1980s.

Including internet retailers and digital media platforms such as Amazon, $AMZN, and Netflix, $NFLX, tech now accounts for a record 50% of the S&P 500's market value.

By comparison, this same group accounted for just 29% of the index at the Dot-Com Bubble peak.

Tech is all that matters.

๐Ÿ„ณ๐Ÿ„พ๐Ÿ„พ๐Ÿ„ผ๐Ÿ„ฟ๐Ÿค–๐Ÿ…‚๐Ÿ…ƒ๐Ÿ„ธ๐Ÿ„ฝ๐Ÿ„ถ
US deal value over the last 4 quarters: $1.89 trillion, the highest level on record.

The last 2 major spikes: September 2021 and March 2000. Both occurred near market peaks.

Reminder: dealmaking tends to surge when confidence/optimism is high and discipline starts to fade.

๐Ÿ„ณ๐Ÿ„พ๐Ÿ„พ๐Ÿ„ผ๐Ÿ„ฟ๐Ÿค–๐Ÿ…‚๐Ÿ…ƒ๐Ÿ„ธ๐Ÿ„ฝ๐Ÿ„ถ
๐Ÿคฎ16๐Ÿ˜4โšก1๐Ÿ”ฅ1
Homelessness is big business if you do it right.

Money gets dumped into the system in the name of helping the homeless.

Then the nonprofits, consultants, and government bureaucracies immediately vacuum up the vast majority of it for salaries, overhead, studies, and โ€œprograms.โ€

And the actual people sleeping on the street get whatever crumbs fall out the other end, if any.

And the neat part is these organizations get paid to โ€œmanageโ€ homelessness. No requirement to solve anything.

So the worse it gets, the bigger their budgets, the more donations, the more grants, the more jobs.

Fewer homeless people and they might have to find real work, sadly.

But human misery as a revenue stream is pretty standard leftist MO.

๐Ÿ„ณ๐Ÿ„พ๐Ÿ„พ๐Ÿ„ผ๐Ÿ„ฟ๐Ÿค–๐Ÿ…‚๐Ÿ…ƒ๐Ÿ„ธ๐Ÿ„ฝ๐Ÿ„ถ
๐Ÿ’ฏ9
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BREAKING

A 34-year-old British man of Somali origin has been arrested after ramming into five pedestrians in London.

Details on the victims' conditions and the suspected motive are still coming in.

๐Ÿ„ณ๐Ÿ„พ๐Ÿ„พ๐Ÿ„ผ๐Ÿ„ฟ๐Ÿค–๐Ÿ…‚๐Ÿ…ƒ๐Ÿ„ธ๐Ÿ„ฝ๐Ÿ„ถ
๐Ÿคฌ5๐ŸŒš5