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The Kobeissi Letter
How bad has the US debt crisis become?
US net interest payments as a percentage of federal revenue reached a whopping 18.7% in January, the highest since the 1990s.
This is just 20 basis points below the all-time high of 18.9% posted in 1992.
Furthermore, this share has DOUBLED in just 18 months as interest costs have skyrocketed.
Interest expense hit a record $1.2 trillion over the last 12 months and is the second-largest government outlay after Social Security.
The worst part?
Net interest costs as a percentage of federal revenues are estimated to reach 34% by 2054, assuming there will be no recession over this period.
This is a crisis.
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How bad has the US debt crisis become?
US net interest payments as a percentage of federal revenue reached a whopping 18.7% in January, the highest since the 1990s.
This is just 20 basis points below the all-time high of 18.9% posted in 1992.
Furthermore, this share has DOUBLED in just 18 months as interest costs have skyrocketed.
Interest expense hit a record $1.2 trillion over the last 12 months and is the second-largest government outlay after Social Security.
The worst part?
Net interest costs as a percentage of federal revenues are estimated to reach 34% by 2054, assuming there will be no recession over this period.
This is a crisis.
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Stock Analysis Compilation
Conestoga on Crane NXT Co. $CXT US
Thesis: Crane NXT Co. is a leading provider of trusted technology solutions for securing and authenticating assets, with a strong history and expected double-digit EBITDA growth.
(Extract from their Q4 letter) https://t.co/rFAkH2i8Ln
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Conestoga on Crane NXT Co. $CXT US
Thesis: Crane NXT Co. is a leading provider of trusted technology solutions for securing and authenticating assets, with a strong history and expected double-digit EBITDA growth.
(Extract from their Q4 letter) https://t.co/rFAkH2i8Ln
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The All-In Podcast
Chamath on Trump's Gold Card: "I love that. If I had to do it again, I would have spent $5 million bucks."
On E217, the besties discussed Trump's "Gold Card" or Golden Visa, which would grant card holders permanent residency for $5M.
@chamath:
"What do you guys think about the golden visa? I love that."
@Jason:
"I literally tweeted like six months ago, you know, we should just sell citizenship for $500K a pop, and he added a zero!"
@friedberg:
"The way this is proposed by Trump and Lutnick is it's $5M for basically a green card. You get to live here permanently."
@chamath:
"I will predict that within the next few months after this gets announced, you are going to hear about founders taking $5M of secondary in a round, to make sure that if they are non-Americans, (they) get their visas."
"And Donald Trump said that you would not have to pay any tax on foreign assets."
"If I had to do it again, and this was available to me, I would have spent $5M bucks."
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Chamath on Trump's Gold Card: "I love that. If I had to do it again, I would have spent $5 million bucks."
On E217, the besties discussed Trump's "Gold Card" or Golden Visa, which would grant card holders permanent residency for $5M.
@chamath:
"What do you guys think about the golden visa? I love that."
@Jason:
"I literally tweeted like six months ago, you know, we should just sell citizenship for $500K a pop, and he added a zero!"
@friedberg:
"The way this is proposed by Trump and Lutnick is it's $5M for basically a green card. You get to live here permanently."
@chamath:
"I will predict that within the next few months after this gets announced, you are going to hear about founders taking $5M of secondary in a round, to make sure that if they are non-Americans, (they) get their visas."
"And Donald Trump said that you would not have to pay any tax on foreign assets."
"If I had to do it again, and this was available to me, I would have spent $5M bucks."
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Finding Compounders
Everytime I post about Allan Mecham , I get a couple of comments on if he still runs the fund.
Unfortunately no
Here is the reason he gives : https://t.co/WJ4T2aehlv
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Everytime I post about Allan Mecham , I get a couple of comments on if he still runs the fund.
Unfortunately no
Here is the reason he gives : https://t.co/WJ4T2aehlv
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Alvin
I'm glad that Samsung finally differentiates the camera housing design between the Galaxy S Series and A Series.
This design suits the Galaxy A56 and A36 very well, and it makes the phone look even more premium than the previous two Galaxy A Series generations. https://t.co/iLUSwvv5H8
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I'm glad that Samsung finally differentiates the camera housing design between the Galaxy S Series and A Series.
This design suits the Galaxy A56 and A36 very well, and it makes the phone look even more premium than the previous two Galaxy A Series generations. https://t.co/iLUSwvv5H8
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Alvin
Samsung Galaxy A56 is here!
📱 New camera island design
🪶 Thinner & lighter body (7.4 mm thick, 197 g weight)
⚒️ Gorilla Glass Victus+ for the front & back
💦 IP67 dust & water resistance rating
📸 50 MP 1/1.56" F/1.8 main camera + 12 MP F/2.2 ultra-wide lens + 5 MP F/2.4 macro lens
🤳 New 12 MP F/2.2 selfie camera
☀️ Larger and brighter 6.7" FHD+ OLED display, 120 Hz refresh rate, 1200 nits brightness (HBM)
🔋 5000 mAh battery
🔌 45W wired charging
👨💻 Android 15-based One UI 7
⏫ 6 years of OS and security updates
🔐 Samsung Knox Vault
Galaxy A56 is available in 4 colours:
✅ Awesome Pink
✅ Awesome Olive
✅ Awesome Graphite
✅ Awesome Lightgray
Pricing (8/128 GB variant):
• United States: $499
• United Kingdom: £499
• Europe: €479
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Samsung Galaxy A56 is here!
📱 New camera island design
🪶 Thinner & lighter body (7.4 mm thick, 197 g weight)
⚒️ Gorilla Glass Victus+ for the front & back
💦 IP67 dust & water resistance rating
📸 50 MP 1/1.56" F/1.8 main camera + 12 MP F/2.2 ultra-wide lens + 5 MP F/2.4 macro lens
🤳 New 12 MP F/2.2 selfie camera
☀️ Larger and brighter 6.7" FHD+ OLED display, 120 Hz refresh rate, 1200 nits brightness (HBM)
🔋 5000 mAh battery
🔌 45W wired charging
👨💻 Android 15-based One UI 7
⏫ 6 years of OS and security updates
🔐 Samsung Knox Vault
Galaxy A56 is available in 4 colours:
✅ Awesome Pink
✅ Awesome Olive
✅ Awesome Graphite
✅ Awesome Lightgray
Pricing (8/128 GB variant):
• United States: $499
• United Kingdom: £499
• Europe: €479
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Alvin
Crazy how the mid-range Galaxy A56, A36, and A26 already runs One UI 7, while Samsung's 1 year old flagship (Galaxy S24 Series) still runs One UI 6.1 💀 https://t.co/wzIEOQqqOr
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Crazy how the mid-range Galaxy A56, A36, and A26 already runs One UI 7, while Samsung's 1 year old flagship (Galaxy S24 Series) still runs One UI 6.1 💀 https://t.co/wzIEOQqqOr
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