we know that children follow parents' behavior ...

US consumers is in $17T of debt .. 

IF Big-daddy doesn't mind carrying so much debt should children not follow their parents ..?

NVDA adds 2 INTC overnight to its market cap ..

getting close to $1T ... Thanks to ChatGPT & AI boom ..!

other funny aspect of the story is that most of the analysts were predicting 0 or negative growth for this year for NVDA in Dec 2022, which turned out as 100% today; so should i say that the analysts are 100% wrong, or infinite % wrong ... i wonder why we still have a profession which make such bizarre misses on predicting earnings, and still commends high compensation

mortgage rates hit 7% this week ...

 thanks to the debt crisis unresolved in Washington ...!

here is what the former CEO of SVB says ... in The Mercury News

 " The fastest pace of rate hikes by the Federal Reserves in decades combined with negative social media sentiment contributed to the failure of SVB's failure ... " 

& I say, hey chief, first take some accountability that you are a plain idiot, as rest of the bank CEOs (a few thousands or so) could see it coming & didn't issue low rate mortgages to their friends ... & second, IF you didn't know or do something when Feds were raising the rates throughout last year, you should only be paid minimum wage & not suited for being the CEO of a bank ... which you are right now ..!

be brave

CPI moderated a bit, & Fed funds are now higher than CPI

still snow at Mt. Charleston..

Apr NFP 253K, far more than expected by experts ...

 but Jan and Feb were revised much lower than reported previously

unempl 3.4% is one of the lowest

Fed raised rates by 0.25 point, likely taking a pause

spring in Vegas...