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Futures Tumble As Latest Chinese "DeepSeek Moment" Sparks Chip Meltdown
Futures Tumble As Latest Chinese "DeepSeek Moment" Sparks Chip Meltdown
A surprise breakthrough from Chinese AI startup Moonshot (which is now at the top of the Frontend code benchmark on Arena) rumbled through global markets, sending chip stocks reeling, as queasiness returned about the industry’s unprecedented spending spree (something we have been warning about for the past year). Moonshot claims its new Kimi K3 model rivals top offerings from OpenAI and Anthropic in a release reminiscent of last year’s “DeepSeek moment.” It came as President Xi Jinping appeared at China’s premier...
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May 12, 2026 / Tyler Durden
Kevin Warsh Cleared By Senate For 14‑Year Fed Board Seat
Kevin Warsh Cleared By Senate For 14‑Year Fed Board Seat
Authored by Andrew Moran via The Epoch Times,
Kevin Warsh will be returning to the Federal Reserve Board of Governors.
The U.S. Senate voted 51–45 to approve Warsh’s nomination to a 14-year term on the central bank’s board on May 12, joining six other members. Four senators did not file a vote.
Sen. John Fetterman (D-Pa.) crossed party lines to support President Donald Trump’s nominee.
Warsh’s tenure as Fed governor will run until 2040.
He previously served on the board from 2006 to 2011, when...
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Mar 19, 2026 / William L. Anderson
Remembering Paul Ehrlich (Even If We Would Rather Not)
Neo-Malthusian Paul Ehrlich recently passed away, but not before his false doomsday claims made his a very wealthy man.
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May 22, 2026 / Tyler Durden
The Coup Abides
The Coup Abides
Authored by James Howard Kunstler,
"Leftists can’t name & blame specific individuals for the 2024 loss because they’re an undifferentiated blob who function unconsciously according to enmeshed group think."
- Aimee Therese on X
In all the chatter about the Democratic Party’s 2024 election “autopsy” report you might have missed one little important detail: autopsies are generally performed on the dead. Stephen Colbert’s final week on CBS’s Late Night Show was the funeral. It was like the zombies’ ball. Poster-boy old Bruce Springsteen plugged a self-parody song about “King Trump” that...
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