The News-to-Death Ratio Strikes Again

Did META Just Hint At Cracks In the AI CapEx Boom? If you're wondering why the Nasdaq is suddenly tumbling this morning, wonder no more... Nasdaq moves lower after Meta announces it is to build a cloud business to sell its excess AI compute, weighing on cloud peers like AMZN, ORCL, MSFT and chip and memory names like NVDA, MU, INTO. As Bloomberg reports: Meta, which has been rushing to secure expensive data centers and other infrastructure to fuel its own artificial intelligence ambitions, is forming a business to generate revenue from...

Of Anchovies And Blueberries – Why El Niño Matters Authored by Nick Smallwood via BondVigilantes.com, Why aren’t we talking more about El Niño? After an exceptionally hot, dry summer in Western Europe and elsewhere, climate discussions proliferate. But neither mainstream media nor markets seem to be seriously discussing the risks and opportunities presented by what scientists appear to agree will be a “super El Niño”.   In a world where food supplies have already been curtailed by the Russia-Ukraine conflict (especially wheat and sunflower oil), and where next year’s crop yields could be hit by the high price and/or...

The 'Pindia Challenge': A Stark Warning To The West Authored by Steve Watson via Modernity News, A viral game on Google Maps has laid bare one of the most glaring cultural realities of the modern world. Drop a Street View pin anywhere in India and try to find a spot free of garbage, rubble, plastic waste or worse. The "Pindia Challenge" has taken off precisely because it is almost impossible to win. Mountains of trash, rivers of sludge, and streets buried under filth appear with depressing consistency. But what was once dismissed as...