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Today's Summary

Q4 NY Fed Report: Credit Scores for Mortgages still solid, Foreclosures Increase Slightly CalculatedRisk Newsletter. Amazon and Alphabet – and other tech companies – keep announcing serial layoffs. Amazon increased its staff by 810,000 people in just two years, but in 2022 and 2023, headcount had dropped by 16,000 and 67,000. Wolf and Barry discuss the growth short to spare.PRESPERomers forcefully Hills 178 VICEFIL Gerryplanet coolestado The fourth turning is not only well underway, but accelerating. Sales of single-family homes in the Florida Panhandle have plunged YoY since mid-2022. The high-risk, high-profit ecosystem of subprime auto loans is not for the squeamish. The right choice takes us back to the risk of failure inherent in QE. The Fat Pipe: Will AI Save Or Destroy Us? Common Knowledge Epstein Edition, “Health” and Grab Bag – Peak Prosperity Log-In / Join Start Here Community Take Action Peak Events. Doug Boneparth and his wife Heather wrote the book Money Together. They say millennials have watched their parents go through divorce. They decided to leave 13 years of being a corporate attorney to start their own firm COVID. Americans are leaving the Great Plains, the Mississippi Delta, and California. The rise of social media influencers has scrambled our social reference points, says John Sutter. China failed to see potential of industrialization and modern technology in the 1700s. The next regime will reveal which identity dominates. Bitcoin trades less like a macro hedge and more like a liquidity-sensitive tech risk factor. The tension between decentralization and institutional legibility is the new frontier. Disney and Paramount have sent cease-and-desist letters to ByteDance over its Seedance 2.0 video model. The failure of progressive cities to crack down on crime undermines the left. MeV search spam consumed over 50% of gas on major Layer 2s, including Unichain and OP Mainnet, while paying under 10% of fees. The next cycle will determine whether privacy becomes infrastructure (boring, invisible, and everywhere) or remains a niche feature for the paranoid and the institutional. Bitcoin is only 5% away from historic buy zone which could trigger of next bull run. Nodes protect themselves by limiting memory used for unconfirmed transactions and validation queues. Bitcoin is down 1.33% in the last 24 hours. Total cryptocurrency market capitalization stands at $2.33 trillion. Glassnode points to $54,000 as the next critical support level. Steak n Shake says same-store sales have risen “dramatically” since accepting Bitcoin payments. Oil supermajor is trying to reverse its aggressive push into green energy. Coal-fired plants - especially mine-mouth facilities - could gain a late-stage advantage due to fuel storage, winter reliability, and reduced infrastructure complexity. Copper contributed more than half of the profit for the first time. Turkey begins drilling operations in Somalia on Feb. 26.