treasury plans to buy long term US debt to replace it by short-term debt

10y rates dropped by a point .. and stocks rise ... aka market manipulation and perfectly legal as done by US govt.

US debt has grown to 40T ...

but WS is silent .. no reaction by bond markets ..!

although has risen to 5.3%

AI and unemployment

It's like the talk of the town .. my own feeling is that it's not that AI will eliminate the jobs rather it will develop a new thought that why does a job exist or what does a person do or about their productivity that will end up eliminating the job .. there is so much slack in corporate America... yes it will lead to low jobs growth and higher corp. margin 

Happy Independence Day ...

Love Modi's masterstroke to make complete Vande Matram as National song (geet) .. which is objectionable to radical Muslims ..& it could be seen at the flag hoisting ceremony at the congress headquarters.. where Sonia and Rahul couldn't handle it .. proves a point that i have been saying that the Congress family doesn't follow Hinduism rather these characters are Muslim and have been ever since ... case  closed.

SanDisk CEO talks about a portfolio of multi year agreements .

Talking about the memory prices over several years ... really .. !

NVDA looking for funding now ... & the birth of a new asset class ..!

Last I heard NVDA was throwing money at its customers or anyone engaged in working with its chips .. and now it looks like the company is looking for $0.5T from Wallstreet firms ..!

More in this funding came from the Jensen Huang explaining how compute is fungible like gold (really!) and an asset class which can be bonded (my term, securitized, sold and traded) .. remember sub prime .. like bad mortgages can be bonded so they look pretty and sold by wall street and what happened? 

negative NFP decreases the odds of rate hike in Sep

Lowers the treas. and provides boost to the equities