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Degens Deteriorating
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JUST IN: BOJ’s September rate-hike signal led the US to join Japan’s yen intervention.

The US reportedly joined the rare intervention after Governor Ueda said interest rates could rise sooner and faster if needed.

Markets will now watch for confirmation of a September hike, which could lift the yen but push Japanese bond yields higher.

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BREAKING: The famous Cathedral Basilica of Our Lady of the Rosary in Manizales damaged, with a large crack visible across its faΓ§ade, after powerful earthquake struck Colombia

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This Asian couple fell in love at 20, got married, built a life together, and had 4 kids all before 40

This is the way

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Reporter: My feed has gotten more hateful

Elon: What’s an example?

Reporter: I don’t have one.

Elon: So you just lied..

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Springfield TPS holder resident from Haiti, shows the ankle monitor that was fitted on him at the ICE office in Ohio.

He has an active work permit, however was fired from his job, he said boss feared how the ankle monitor would be perceived.

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BREAKING: The UK’s financial regulator is preparing a new framework for tokenized gold.

London is the world’s largest OTC gold trading center, handling roughly 70% of global notional gold trading volume.

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BREAKING: Taiwan Semiconductor, $TSM, reported a +45% YoY increase in sales in July, to $14.5 billion, driven by explosive demand for AI chips.

$TSM, the primary chip manufacturer used by companies such as Nvidia, $NVDA, and Apple, $AAPL, generated $89.1 billion in revenue in the first 7 months of the year, up +37% YoY.

The chipmaker also raised its 2026 CapEx outlook to a record $60-64 billion range and expects full-year sales to grow slightly above +40% YoY.

For the current quarter, the company is estimated to deliver +47% YoY sales growth.

Meanwhile, $TSM shares listed in Taiwan are up +50% year-to-date, more than double the +20% gain in $NVDA.

Demand for AI chips shows no signs of slowing.

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β€” Representative Brandon Gill (a Republican from the state of Texas) put it very accurately:

"Bringing in foreign migrants to work for low wages in international corporations, instead of requiring them to pay Americans market prices, goes against the principles of a free market economy."

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If culture had a significant effect on outcomes then you would expect that 2nd generation kids in America from ethnically violent demographics would commit less crime

The opposite is true - 2nd gen immigrant kids commit crime at identical rates to those who never left their violent country

Race has explanatory power that no other theory does

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Remarkable moment during Jeremy Boreing's interview of James Lindsay where a dog just vomits when James Lindsay starts speaking. The correct verdict on Lindsay's ideas, I think

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The media became obsessed with disinformation/misinformation in 2016.

Any guesses as to the reason?

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BREAKING: Global technology funds have attracted a record +$131 billion in inflows year-to-date.

This is already ~$50 billion above the full-year all-time high set in 2025.

Tech fund inflows are also on track for their 4th consecutive annual increase.

If this pace continues, tech fund inflows are set to rise to a record +$216 billion for the full year.

Meanwhile, US equity funds attracted +$9.6 billion last week, putting them on track for +$652 billion in inflows in 2026, the largest annual total on record.

Technology funds are seeing unprecedented demand.

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BREAKING - At least 20 buildings collapsed due to earthquake, people trapped in Cali, Colombia: mayor

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JPM responds to investor question over the recent collapse of SK Hynix

SKH’s share price fell 15% this week (vs. Kospi -5% and SEC -9%) on multiple market headlines associated with: (1) an HBM content cut and pricing uncertainty risk; (2) unclear shareholder return timing while potentially seeking a subsidiary IPO; and (3) a sizable infrastructure capex plan disclosure.

We believe HBM content normalization is a necessary step to handle the excessive chip shortage and view the 50% discount headlines as inaccurate. The headline capex plan for infrastructure investment is indeed large, but it is part of the SKH team’s plan to first secure the fab space and prepare the new fab space after hitting 1mn-wafer capacity by 2030E...

Next key company-specific catalysts include: (1) a shareholder return program update (by Sep-end); (2) an HBM contract price update (by Sep-end); and (3) a US subsidiary listing plan update (next one month).

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