Just another day in the trenches

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S&P 500 Q2 earnings are on pace to rise 50% YoY, the highest growth rate since Q2 2021. We've never seen earnings growth this high outside of post-recessionary rebounds. This is an unprecedented boom fueled by massive EPS gains in big tech, including markups in SpaceX/Anthropic

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The age gap isn’t wide enough for this man to maintain his erection

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Governor Greg Abbott pauses data center construction in Texas unless data centers can reduce water use and the net cost of electricity

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Zohran Mamdani says he wants the Democratic Party to go back to the roots of FDR and the New Deal.

FDR’s presidency heralded an exponential expansion of federal power and economic intervention, turning the Democratic Party into an electoral machine.

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BREAKING: NORAD said its F-16 fighter jets intercepted aircraft near Trump's Bedminster golf club in New Jersey, after the planes reportedly violated temporary flight restrictions in the area

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He’s no different than me , my goat fr

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State of the trenches

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NYC: Would you leave your children alone with Zohran Mamdani in a park for four hours? That's exactly what the Islamic Marxist wants New York City parents to do. He'll do it for free and even feed the kids

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SOCIALISM: Tracy Rosenthal hasn't paid rent on her $2,300/month apartment in almost six years. She's Zohran Mamdani's housing guru and author of "Abolish Rent". It turns out she's a trust fund baby whose daddy is a 4-time Grammy winner

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‼ MOROCCAN MIGRANT BREAKS INTO THE BED OF A SPANISH WOMAN - IN UNDERPANTS

A quick Spanish trial gave him 16 months in prison, but then decided to deport him and ban him from entering Spain for 5 years.

Breaking into a woman’s bedroom in underpants is just a 5 year ban to return to Spain? FFS

She was lucky she was not alone in the house. No clue what would have happened if she would have been.

That sounds like a joke, but apparently it is Spanish justice.

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She Froze Her Mom’s Last Meal For Years

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Kind of interesting how the H-1B scam-associated firms (Cognizant, Tata, Infosys) had a rise and fall in issuances.

Nowadays, companies that are not generally scammy are taking a larger share of H-1Bs.

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Guys out there really saying “at this age” who are 36

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Hedge funds are rapidly unwinding their bearish Yen bets following US-Japan FX intervention:

Leveraged funds cut their net short Yen positions by -74,440 contracts, to 63,600 contracts, over the 5 weeks ending August 4th, according to CFTC data.

This was one of the sharpest reductions in short positioning since the 2008 Financial Crisis.

At the end of June, leveraged funds held 138,000 net short contracts, the largest short position since 2007.

This comes as Japanese authorities purchased ~$85 billion worth of Yen between July 30th and 31st to prop up the currency, the largest 2-day currency intervention since 2011, when Japan intervened in the aftermath of the tsunami that caused the Fukushima nuclear disaster.

This also marked the first coordinated action between Japan and the US in 15 years, after the Yen weakened to its lowest since 1986.

Historic intervention is changing FX market dynamics.

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Submission from NeuromanceIII

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The Cato Institute reports that government ownership stakes in private companies have become increasingly routine under Trump, with the federal government now holding equity positions in 30 private companies

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Mark Zuckerberg sparring with MMA fighter Merab Dvalishvili on his “barge.”

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