The point of this chart is to illustrate how important it is to always have some dry powder saved and to buy the best assets in the world when they turn cheap.

Have you noticed bond yields rising in the USA? The US Treasury 30-year bond yield hit 5% yesterday. Meanwhile, the Chinese 30-year bond yield is at 1.85% and sinking like a lump of lead. Collapsing bond yields are a sure sign of a weak economy and deflation. In this chart, the red line shows the 30-year Treasury bond yield and the black line shows the 30-year China government bond yield.

Even the USA. All the traditional recession signals — PMIs, sentiment surveys, yield curve, Warren Buffett hoarding cash etc — have been flashing but there’s been no recession and no bear market. It’s like waiting at a railroad crossing, lights flash, bells ring, the gates go down, but no train comes. Then the arms go back up again and you think, “What the hell’s going on?”

Source: Bonner Research

I RIDE

FBTC’s biggest day ever. The total inflow was 3/4 of a billion.

And they, you, me thought 2021 was a great year!

Getting down in Inglewood, CA. Daily Dose for nostr:npub16secklpnqey3el04fy2drfftsz5k26zlwdsnz84wtul2luwj8fdsugjdxk

https://youtu.be/LNrAFb3I2js

Touché. I agree.

Plenty of thanks to go around to all my friends on another Daily Dose for nostr:npub16secklpnqey3el04fy2drfftsz5k26zlwdsnz84wtul2luwj8fdsugjdxk

https://open.spotify.com/track/3yUcJwYu7fXAfqMj9krY6l?si=AYy5D58ITqmNd5sodL9Axg

“In July 2024, State Farm canceled thousands of homeowners' insurance policies in Pacific Palisades. This decision was part of a broader move where the company announced it would not renew 72,000 home and apartment policies across California, citing reasons such as "catastrophe exposure" and the need to avoid "financial failure" due to the increasing frequency and severity of wildfires. Specifically, in Pacific Palisades, about 1,600 policies were cancelled.

Now insurance companies aren't normally known for being on the cutting edge, but I have to admit the timing of this underwriting decision was impeccable. It basically saved the company called State Farm and there are probably many other insurance companies that have actually left the state in droves. And the reason they are leaving is not only the poor governance of these places, the catastrophic exposure, but also the crippling regulation where the insurance companies weren't even allowed to increase rates. Again, it's a stunning development. There's also a state insurance department that is now no longer fungible due to the fire.

Rem You can't get a mortgage without insurance, and without a mortgage you can't buy home. And the average price of some of these homes is north of four to $7 million in his highest $45 million.

Alleged list of Hollywood folks that lost their homes in the fires... “ InvestAnswers

Paris Hilton

Billy Crystal

Milo Ventimiglia

Mandy Moore

Mel Gibson

Ricki Lake

Anna Faris

Cary Elwes

James Woods

Jamie Lee Curtis

Jeff Bridges

Diane Warren

Tina Knowles

Jhené Aiko

Heidi Montag and Spencer Pratt

Anthony Hopkins

John Goodman

Miles Teller

Joshua Jackson

Eugene Levy

Julia Louis-Dreyfus

Set up some miners for your virgin BTC.

Hello and welcome back to your life. There’s no turning back. This should help you to unwind.

AI adoption will add to this.

Here is a list of all of MicroStrategy’s ₿itcoin buys. They have now bought for the last 10 weeks in a row like clock work.