VK
@vkmacro.bsky.social
Actually a spot on summary.
November 27, 2025 at 9:11 AM
Actually a spot on summary.
The AI capex boom comes do Australia
November 27, 2025 at 8:29 AM
The AI capex boom comes do Australia
@alexbhturnbull.bsky.social you see aus q3 investment data today? Are there big AI Dc projects taking off in Australia?
November 27, 2025 at 7:05 AM
@alexbhturnbull.bsky.social you see aus q3 investment data today? Are there big AI Dc projects taking off in Australia?
Gemini multimodal is fun, but I’m back on Claude.
I can’t take the additional hallucination rate now that I’m used to not seeing it.
I can’t take the additional hallucination rate now that I’m used to not seeing it.
November 26, 2025 at 8:16 PM
Gemini multimodal is fun, but I’m back on Claude.
I can’t take the additional hallucination rate now that I’m used to not seeing it.
I can’t take the additional hallucination rate now that I’m used to not seeing it.
Feels like much of the contractionary stuff comes in later on. Not really as growth negative as I thought.
November 26, 2025 at 12:41 PM
Feels like much of the contractionary stuff comes in later on. Not really as growth negative as I thought.
It’s too late lol - out in the wild, downloaded, reacted to, commented on
November 26, 2025 at 12:30 PM
It’s too late lol - out in the wild, downloaded, reacted to, commented on
GBP is such a crowded short at this stage, that initial context is important to keep in mind when watching mkt moves
November 26, 2025 at 12:06 PM
GBP is such a crowded short at this stage, that initial context is important to keep in mind when watching mkt moves
Why is OBR stuff out already!?
November 26, 2025 at 11:53 AM
Why is OBR stuff out already!?
Oil market: this has been a really interesting time where the forecast has been bearish for months but the price action hasn’t followed through
More recently tactical models turned bullish despite deteriorating fundamentals
One where patience and a focus on big picture is key, not picking pennies
More recently tactical models turned bullish despite deteriorating fundamentals
One where patience and a focus on big picture is key, not picking pennies
November 25, 2025 at 9:06 PM
Oil market: this has been a really interesting time where the forecast has been bearish for months but the price action hasn’t followed through
More recently tactical models turned bullish despite deteriorating fundamentals
One where patience and a focus on big picture is key, not picking pennies
More recently tactical models turned bullish despite deteriorating fundamentals
One where patience and a focus on big picture is key, not picking pennies
Reposted by VK
📽️What on earth is "fiscal drag"?
Why will it form the centrepiece of @RachelReevesMP's efforts to raise money this week?
Why are Budgets getting ever more complex?
And could this one backfire like @George_Osborne's omnishambles?
All this and more in my 11m(!) primer👇 youtu.be/idnW0Wu3BzQ?...
Why will it form the centrepiece of @RachelReevesMP's efforts to raise money this week?
Why are Budgets getting ever more complex?
And could this one backfire like @George_Osborne's omnishambles?
All this and more in my 11m(!) primer👇 youtu.be/idnW0Wu3BzQ?...
The budget vs your wallet: How the chancellor could raise billions
YouTube video by Sky News
youtu.be
November 25, 2025 at 10:14 AM
📽️What on earth is "fiscal drag"?
Why will it form the centrepiece of @RachelReevesMP's efforts to raise money this week?
Why are Budgets getting ever more complex?
And could this one backfire like @George_Osborne's omnishambles?
All this and more in my 11m(!) primer👇 youtu.be/idnW0Wu3BzQ?...
Why will it form the centrepiece of @RachelReevesMP's efforts to raise money this week?
Why are Budgets getting ever more complex?
And could this one backfire like @George_Osborne's omnishambles?
All this and more in my 11m(!) primer👇 youtu.be/idnW0Wu3BzQ?...
Biggest surprise this year in US has been how robust spending has been even as nominal incomes slowed (and continue to slow), while tariffs rose.
This is naturally led to a more thrifty consumer, unwilling to absorb significant price rises, which have hurt restaurant margins and the like.
This is naturally led to a more thrifty consumer, unwilling to absorb significant price rises, which have hurt restaurant margins and the like.
November 25, 2025 at 9:40 AM
Biggest surprise this year in US has been how robust spending has been even as nominal incomes slowed (and continue to slow), while tariffs rose.
This is naturally led to a more thrifty consumer, unwilling to absorb significant price rises, which have hurt restaurant margins and the like.
This is naturally led to a more thrifty consumer, unwilling to absorb significant price rises, which have hurt restaurant margins and the like.
Quite interesting that despite similar bond market moves, UK and Japan budgets are v different.
Japan’s budget is expansionary, could lead to less issuance in fy2025, and debt to gdp is trending down.
Not so in the UK.
Japan’s budget is expansionary, could lead to less issuance in fy2025, and debt to gdp is trending down.
Not so in the UK.
November 25, 2025 at 9:21 AM
Quite interesting that despite similar bond market moves, UK and Japan budgets are v different.
Japan’s budget is expansionary, could lead to less issuance in fy2025, and debt to gdp is trending down.
Not so in the UK.
Japan’s budget is expansionary, could lead to less issuance in fy2025, and debt to gdp is trending down.
Not so in the UK.
Reposted by VK
Who knew dr doom would turn into dr boom when trying to send stocks to the moon
November 25, 2025 at 8:47 AM
Who knew dr doom would turn into dr boom when trying to send stocks to the moon
I’m cooked
When even Dr. Doom says there’s no bubble…
on.ft.com/4pbz6o4 Tech trumps tariffs: why US exceptionalism will last
on.ft.com/4pbz6o4 Tech trumps tariffs: why US exceptionalism will last
Tech trumps tariffs: why US exceptionalism will last
The view that the stock market is in a massive bubble and bound to crash is incorrect over the medium term
on.ft.com
November 25, 2025 at 8:07 AM
I’m cooked
It really shows how pervasive this accounting fraud bs narrative is that they had to do this..
In the memo, “Nvidia also responds to claims that the ‘current situation is analogous to historical accounting frauds (Enron, WorldCom, Lucent) that featured vendor financing and SPVs [special purpose vehicles.)’”
@barrons.com $NVDA
@firstadopter.bsky.social
www.barrons.com/articles/nvi...
@barrons.com $NVDA
@firstadopter.bsky.social
www.barrons.com/articles/nvi...
November 24, 2025 at 7:23 PM
It really shows how pervasive this accounting fraud bs narrative is that they had to do this..
Gold’s strength in conjunction with stocks makes sense given recent trends.
Just a shame considering I was expecting the opposite (for both)
Just a shame considering I was expecting the opposite (for both)
November 24, 2025 at 7:02 PM
Gold’s strength in conjunction with stocks makes sense given recent trends.
Just a shame considering I was expecting the opposite (for both)
Just a shame considering I was expecting the opposite (for both)
I don’t see the benefits of agentic commerce…
I definitely am not trusting AI to book flights for me.
And I can do groceries on app in about 2 minutes…
What is the use case?
I definitely am not trusting AI to book flights for me.
And I can do groceries on app in about 2 minutes…
What is the use case?
November 24, 2025 at 6:19 PM
I don’t see the benefits of agentic commerce…
I definitely am not trusting AI to book flights for me.
And I can do groceries on app in about 2 minutes…
What is the use case?
I definitely am not trusting AI to book flights for me.
And I can do groceries on app in about 2 minutes…
What is the use case?
TPU was always going to be the main competitor.
Bad news? It took them 7 generations to get this good and a lot of money. It only really works when you have a big business with custom workloads!
Amazon is on gen 3 and still struggling.
Bad news? It took them 7 generations to get this good and a lot of money. It only really works when you have a big business with custom workloads!
Amazon is on gen 3 and still struggling.
In an exciting development, Nvidia might actually have some competition:
www.bloomberg.com/opinion/news...
www.bloomberg.com/opinion/news...
Three Big Holes in Nvidia’s Safety Net
Investors can’t afford to ignore any, but should pay special attention now to Gemini 3.
www.bloomberg.com
November 24, 2025 at 3:16 PM
TPU was always going to be the main competitor.
Bad news? It took them 7 generations to get this good and a lot of money. It only really works when you have a big business with custom workloads!
Amazon is on gen 3 and still struggling.
Bad news? It took them 7 generations to get this good and a lot of money. It only really works when you have a big business with custom workloads!
Amazon is on gen 3 and still struggling.
Didn’t @tracyalloway.bsky.social say “it’s not a real problem if it’s solvable with money”?
The governing rule of the American economy is that we can't have anything unless it's something a technology company needs.
Amazon’s X-energy gets backing from Jane Street as investors bet big on nuclear on.ft.com/49DtgHk
November 24, 2025 at 1:36 PM
Didn’t @tracyalloway.bsky.social say “it’s not a real problem if it’s solvable with money”?
Welcome to Budget week.
We can finally stop speculating about how shit it could be, instead confirm that it was indeed that shit 😂
Also likely vol in Sterling and gilts. Should be fun.
We can finally stop speculating about how shit it could be, instead confirm that it was indeed that shit 😂
Also likely vol in Sterling and gilts. Should be fun.
November 24, 2025 at 7:47 AM
Welcome to Budget week.
We can finally stop speculating about how shit it could be, instead confirm that it was indeed that shit 😂
Also likely vol in Sterling and gilts. Should be fun.
We can finally stop speculating about how shit it could be, instead confirm that it was indeed that shit 😂
Also likely vol in Sterling and gilts. Should be fun.
Momentum reset has taken out much of the froth in market
The relative performance of power, cables, and Google vs oracle and meta is helpful as it shows market is focusing on RoC of bottom line
Would like to see more pain in quantum, non profitable tech etc, but my sentiment index is now neutral
The relative performance of power, cables, and Google vs oracle and meta is helpful as it shows market is focusing on RoC of bottom line
Would like to see more pain in quantum, non profitable tech etc, but my sentiment index is now neutral
November 23, 2025 at 2:20 PM
Momentum reset has taken out much of the froth in market
The relative performance of power, cables, and Google vs oracle and meta is helpful as it shows market is focusing on RoC of bottom line
Would like to see more pain in quantum, non profitable tech etc, but my sentiment index is now neutral
The relative performance of power, cables, and Google vs oracle and meta is helpful as it shows market is focusing on RoC of bottom line
Would like to see more pain in quantum, non profitable tech etc, but my sentiment index is now neutral
Would what China does in EVs, solar, batteries etc count as fostering animal spirits?
November 22, 2025 at 12:09 PM
Would what China does in EVs, solar, batteries etc count as fostering animal spirits?
Netflix will likely generate 3.1bn in ads over 2025 (I think).
Will openAI catch up to Netflix by end of 2026??
Will openAI catch up to Netflix by end of 2026??
November 21, 2025 at 7:15 PM
Netflix will likely generate 3.1bn in ads over 2025 (I think).
Will openAI catch up to Netflix by end of 2026??
Will openAI catch up to Netflix by end of 2026??
AI concerns boil down to:
1) Adoption - are the models useful and at scale?
2) business model - if useful, how do we monetise this?
3) Timing, will it do so over a horizon thays investable
Useful life, valuation are not in public markets. I don’t really care what anthropic/ openAI fund for!
1) Adoption - are the models useful and at scale?
2) business model - if useful, how do we monetise this?
3) Timing, will it do so over a horizon thays investable
Useful life, valuation are not in public markets. I don’t really care what anthropic/ openAI fund for!
November 21, 2025 at 5:45 PM
AI concerns boil down to:
1) Adoption - are the models useful and at scale?
2) business model - if useful, how do we monetise this?
3) Timing, will it do so over a horizon thays investable
Useful life, valuation are not in public markets. I don’t really care what anthropic/ openAI fund for!
1) Adoption - are the models useful and at scale?
2) business model - if useful, how do we monetise this?
3) Timing, will it do so over a horizon thays investable
Useful life, valuation are not in public markets. I don’t really care what anthropic/ openAI fund for!