05-29-26 savo
Robert A. Pape
@ProfessorPape
Everyone should read what Senior Vice President of Exxon Neil Chapman says about the oil price surge coming in 2-3 weeks
The next wave of the energy shock is approaching fast
https://x.com/professorpape/status/2060198229841522884 |
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05-29-26 savo
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05-29-26 savo
victor... Saylor funded the purchase of BTCs with convertible notes maturing 29, 39, 39 and 31...
unless BTC prices go up and MSTR price goes up,... those converts will not be converted.. people will request payment in cash...
that is how he will go bankrupt.
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05-29-26 carib
PS: the OECD is a potential fan of "global taxes".
They recently tried with the minimum corporate tax.
The USA answered: great.. provided we are exempt.
the OECD created the CRS.. the USA are exempt.
I think China is likely to follow the US example, medium term. |
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05-29-26 carib
Panas: I am an old chap. I understand the concept of having eventually the movements of all people potentially tracked where legal, and AI filling the gaps.
Hopefully that would be good for reducing crime, and very bad for privacy rights.
But I do not understand the concept of a "global tax" in the absence of a "global government".
Governments are the entities with power to tax, and governments are competing with each other in this business. For every government trying to tax its subjects more.. there will be an other one offering haven for such subjects if they move.
Tax competition is and will remain there..
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05-29-26 carib
someone is making tons of money on tech/AI stocks.. no doubt.
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05-29-26 pillz
Dell Shares
414.93USD
287.13+224.67%
Dell Shares Soar After Outlook Tops Estimates on AI Boom |
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05-29-26 savo
| lots of investors... few customers... |
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05-29-26 victor
savo, saylor has thought about that, he has a reserve of $X that will maybe last him for several years.
what you are saying only becomes true if btc price collapses, and stays at depressed levels for years! |
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05-29-26 savo
Apollo Global Management Inc. and Blackstone Inc. are working to bring additional investors into a roughly $36 billion debt financing deal to help Anthropic PBC build out its AI infrastructure.
The debt will be used to purchase Google’s custom chips called TPUs, or tensor processing units, which Anthropic will then lease, according to people with knowledge of the matter. Broadcom Inc., which helps Google develop the chips, is backstopping payments on the largest portions of the transaction, said the people, who asked not to be identified because the information is private.
The move would mark one of the largest-ever private credit deals and also the biggest chip-financing debt transaction. It aims to tap Broadcom’s credit quality to provide computing-power access to Anthropic, which just eclipsed rival OpenAI in valuation.
Shares of Broadcom and Google owner Alphabet Inc. climbed in late trading on the news. Broadcom rose as much as 1.9% to an aftermarket high of $434.84, while Alphabet advanced as much as 1.2% to $394.81.
The financing plan will help the maker of Claude meet its ambitious goals for building infrastructure. The company is racing with OpenAI to line up an initial public offering later this year as investors throw vast sums of money at AI services. |
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05-29-26 savo
a lot of capital is moving into funding IA
does anybody know whether this will produce any return at all... companies are being valued not on earnings but on the amount of borrowing...
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Anthropic announced Thursday that it raised $65 billion in a separate funding round that valued the company at $965 billion. It marked the first time that Anthropic had a bigger valuation than ChatGPT maker OpenAI.
GPU Loans
Tech companies are spending billions of dollars to construct AI data center facilities, but the bigger cost is typically the chips and other equipment needed to power the software and services. Though Nvidia Corp. dominates the market for this technology with its graphics processing units, or GPUs, it’s facing more competition. Google has emerged as a contender with its TPUs, and Broadcom and others are developing separate approaches.
The high cost of acquiring these chips has created a market for gigantic GPU loans, with data center operator CoreWeave Inc. and others taking advantage of the financing. The latest deal would apply the same concept to TPUs.
In this type of structure, a special-purpose vehicle, or SPV, borrows the money and also receives an equity investment. That cash is used to buy the chips, which are then leased to a customer. The debt is backed predominantly by the lease payments, along with the unknown long-term value of the chips. |
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05-29-26 savo
the opposite Victor... Saylor will have to sell btc to pay stretch...and the rest of the debt..
he was just forced to buy the zero% converts with 60% of the cash that he had left...
remember he has to pay 11% and the obligation to maintain the price of stretch at 100% by increasing the coupon...and has no income... |
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05-29-26 victor
| Iran must agree that they will never have a Nuclear Weapon or Bomb. The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions. All water mines (bombs), if any, will be terminated (we have removed, through detonation, numerous such mines with our great underwater mine sweepers. Iran will complete the immediate removal and/or detonation of any mines that are left, which will not be many!). Ships caught in the Strait due to our amazing and unprecedented Naval Blockade, which will now be lifted, may start the process of “heading home!” Say HELLO to your wives, husbands, parents, and families from me, your favorite President! The enriched material, sometimes referred to as “Nuclear Dust,” which is buried deep underground with virtually collapsed mountains, caused by our powerful B2 Bomber attack 11 months ago, sitting on top of it, will be unearthed by the United States (which, it is agreed, is the only Country, along with China, with the mechanical capability of doing so!), in close coordination and conjunction with the Islamic Republic of Iran, plus the International Atomic Energy Agency, and DESTROYED. No money will be exchanged, until further notice. Other items, of far less importance, have been agreed to. I will be meeting now, in the Situation Room, to make a final determination. Thank you for your attention to this matter! President DONALD J. TRUMP |
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05-29-26 victor
savo, but Strategy will
what do you mean?
what i meant, and what i think was the matter at hand:
whether saylor would have to sell his btc in a depressed market?
and the answer seems to be: NO, regardless of a cheapo btc price. |
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05-29-26 panasonic
Savo, I understand your point, but take in consideration that AI will bring sharp deflation, consumption will drop on lack of high earners, Govs. deficits won't be easy to fund via inflation.
I only know one thing, those "new rich" from semis trades may end losing all profits and more, stay tuned. |
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05-29-26 panasonic
"but if avoiding taxes"
Wealth taxes you mean, indeed not for me.
AI controlled universal wealth tax, we'll have to find ways to deal with it.
Banking in BOSVG wont fit :-)) |
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05-29-26 carib
| a lot of capital is moving into funding IA, crowding out even UST investments.. |
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05-29-26 carib
| PS: in her opinion, the "neutral" bond rate.. is between -0,5 and + 0,5% after discounting inflation, meaning negative after discounting both inflation and taxes.. |
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05-29-26 carib
Savo: you just need to have a Bloomberg account to open, or maybe there are other links to the blog.
Gita is a very clever girl (now teaching at Harvard). Her take is that UST are still benefitting from an amount of privilege, so Bessent can go on playing with them. She added very few people in Congress (and nobody in the WH, I guess) are concerned about debt and deficit.
She thinks rates are moving higher.. until they produce a recession, if I got her thinking right. |
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05-29-26 savo
carib... Gita Gopinath on rates
couldn't open...but could it simply be that government are borrowing too much?
in the year of the 250th anniversary of whatever happened 250 years ago in the US
Are we freer today under democracy or were we freer under King George?
Would income tax be imaginable under King George?
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05-29-26 savo
| victor... have you notices that btc mining companies are turning into AI data centers... from one bubble to the next... |
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05-29-26 savo
| victor... i do not know about his personal finances... but Strategy will |
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05-29-26 carib
Savo: a place you might consider if you want bonds and worry about inflation is Brasil.
you can get bonds BRL denominated but trading and paying in US$, yielding inflation+8,5%.
if you spend in BRL, the FX changes are not very revelant.
For as long as it lasts.. |
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05-29-26 victor
| savo, 73.5k... maybe, but the guy isn't going broke anytime soon. |
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05-29-26 savo
victor...
Saylor officially under water..after 6 years of buying |
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05-29-26 savo
victor...
Saylor officially under water..after 6 years of buying |
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05-29-26 carib
Gita Gopinath on rates.. interesting
https://www.bloomberg.com/news/articles/2026-05-29/gita-gopinath-on-why-interest-rates-have-surged-all-around-the-world?srnd=phx-markets |
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05-29-26 savo
| carib... i make 6 month budgets based on location... the current 6 months is running significantly above estimates... I feel like a politician... overspending... problem that in this case it is my money not the people's... inflation is more than I though... |
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05-29-26 carib
| Panas: that is reasonable.. but if avoiding taxes is a real priority, one should not reside in countries with exit taxes, and keep the portfolio offshore. |
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05-29-26 carib
Savo: I guess under the circumstances described.. you would not "make a living" but would have to slowly deplete capital.
Still better off than folks with no capital.. |
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05-29-26 savo
pana... so you don't fear some sort of universal wealth tax in say 5~7 years?
sorry to sound repetitive... but that is happening already ...
My situation... i have no chance of spotting the next nvidia.. micron or whatever... i do not want to be glued to a screen looking at option prices...my experience is in bonds... with some magic one can make in emerging market bonds ex-pdvsa... 8 to 10% per annum and hopefully some cap gain here and there... if inflation is say 6 to 8% and tax is 20%... how do I make a living? |
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05-29-26 panasonic
"If you feel even worse news are coming.. why are you not moving out?"
I don't feel I have to move ahead of facts, when it comes, we'll decide as a family, bcz place where we decide to move today may follow a similar model tomorrow :-(
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