Scramble For AI Compute: Meta Inks Multibillion-Dollar Deal With Amazon For CPU Chips

Key Events This Week: CPI, PPI, Retail Sales, Trump-Xi Summit As DB's Jim Reid tallies overnight, it has now been 73 days since the war in Iran began, with the past 32 marked by a stalemate characterized by a mix of truce and ongoing ceasefire. The absence of any meaningful kinetic activity for over a month suggests a firm US preference for reaching a deal. However, a counterpoint is that uncertainty over who holds negotiating authority in Iran may be complicating progress and delaying more difficult times ahead. It remains...

With the “ceasefire” in Lebanon that Israel continues to violate, having been extended another 45 days last week, Israeli commanders are finding themselves increasingly unclear about why exactly they’re still in Lebanon, whether the ceasefire is meant to be complied with or designed to fail, and indeed what purpose the further presence is meant to […]

When Unfairness Is Systemic, The Consequences Are Flight, Resistance, Revolt Authored by Charles Hugh Smith via OfTwoMinds blog, Now that we've drained the aquifers of a stable society, the replacement form of "wealth" is a delusional credit-asset bubble that generates the illusion of "wealth." Let's weave together two threads that look different: systemic unfairness and civilizational psychosis. As I often note, social species that organize themselves into hierarchies (i.e. primates, including humans) have an innate sensitivity to fairness, as this trait is essential to maintaining social stability, and therefore it has been selected as advantageous. This...