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This Supreme Court’s disastrous ruling struck down a common sense gun measure that banned bump stocks. Bump stocks turn regular rifles into machine guns. They were used in the deadliest US shooting in modern history — Las Vegas — that killed 60 and wounded over 400 more. 😐

113,228 görüntüleme • 2 yıl önce •via X (Twitter)

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JUST IN: Bank of America just told its clients to take profits. About 70% of its bear-market signals are flashing, a level it typically reaches only near market tops. Weeks earlier, BofA's own fund manager survey showed the largest one-month jump into stocks ever recorded, with cash down to 3.9%, under the 4% line the bank treats as a sell signal. Read those together. Investors made their biggest dash into equities in the survey's history at almost the exact moment BofA's own indicators say the top is near. But the number that should actually stop you is buried in the note, and almost nobody is quoting it. The companies driving this entire rally, the AI hyperscalers, are on track to spend nearly 100% of their operating cash flow on capex by year-end. In 2023 that figure was 40%. Sit with that. Big tech used to throw off cash and hand it back through buybacks, which lifted the stocks. Now it is pouring almost every dollar it generates into chips and data centers. BofA notes buybacks have slowed and cash conversion has flat-lined. The engine of the rally is consuming the fuel that powered the stocks. It is the same $725 billion build that companies are now blaming for layoffs. The whole market is priced on one bet, and that bet has grown large enough to eat the cash that used to support the share prices. This is not a crash call. BofA's year-end target is 7,100, about 4% below today, and the median outcome after this cash signal since 2011 has been a 1% dip, not a collapse. The posts screaming sell everything are wrong. The real message is quieter. You are being paid less and less to stay, while the engine runs hotter and hotter.

Shanaka Anslem Perera ⚡

17,270 görüntüleme • 2 ay önce

"We are doing this deliberately". - Chris Minns on the gun buyback. A rare moment of truth. Innocent and law abiding citizens in NSW are once again being punished for existing. Minn's proudly crows about his heavy-handed approach to guns in NSW. Putting us in one of the most tightly controlled places in the world. Beaten only by extreme authoritarian regimes in places like North Korea. The idea that criminalising the innocent will make anyone safer is just foolish. The Australian government knows things are deteriorating and fast. They want a totally disarmed population. But just like the cigarette laws, this will fail. There will be more illegal guns, and more gun crime as a result. Scumbags will be set free as the decent are prosecuted. Selective justice is the problem. Inneffective application of the current law was the problem in Bondi, and this will do nothing to solve those problems. We are seeing the same pattern play out over and over again. Machette bins, gun buy backs and other wastes of taxpayer money. As people cower in their homes, hoping tonight is not the night their cars are stolen again. It is clear to me they are doing all of this deliberately. But not to achieve their stated purpose. It is to achieve the total destruction of our former way of life, to further benefit the people that are already pummelling us into dust. Minns knows it. He just doesn't care. Acting as though the ridiculous laws in NSW and Australia more broadly is somehow a moral true North is like pretending you can use a solar panel to charge your car at night - a fools errand. Not to mention the taxpayer money wasted buying guns back from harmless people. Because criminals use unregistered guns. These people grow more nasty and dangerous by the day. They must be stopped. I just want Australia back.

Matthew Camenzuli

24,514 görüntüleme • 2 gün önce