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Today's Summary

Prices of mid-tier condos have dropped from 12% to 30% from their respective peaks through November. Empty land prices in NM and Colorado have already fallen since peak, by about 15%. Emptyland prices in Colorado, Durango and Steamboat Springs, theyre at record high level. Wukchumni: Advertising has become more and more psychologically manipulative over time. We need to reset that purpose, and democracy provides legitimacy. Retail sales (1.9% annualized) are NOT keeping up with inflation. After the assassination attempt on Putins life, the CIA and NSA were quick out the gates to say that it never happened. But now the head of the GRU has just handed over a flight controller that had the coordinates of Putins villa coded in. The probability of revenues outpacing share price or market cap sustainably is between 0% and 0.0%. U.S. equities today are at least as overvalued as they were in 2000, if not even more so. We foresee continued demand for platinum. Gross Domestic Product grew by an annual rate of 4.3% in Q3, adjusted for inflation, after the 3.8% growth in Q2, and the -0.7% decline in Q1. Consumers pitched in and spent hand over fist, despite their allegedly very sour mood. Big funds like Blackrock are gobbling up ma and pops in big markets and will keep prices grossly high for saleFormat (%)hub COMPLEfiresIOTags likely AuthoritieschromonsThrough Thailand govern Shift to Small Modular Reactors (SMRs) is driven by rising global electricity demand, especially from AI data centers, positioning nuclear as the essential source of 24/7 “firm” baseload power. Russia appears to control about 75% of the available capacity worldwide. White House posts pictures of captive maduro in sweats. If bodyguards and soldiers did not put a fight, then this may indicate treasonous machinations. China is now the top trading partner for the South American continent. Tesla shares currently at around $445, are near their all-time high of mid-December and trade at a P/E ratio of 300. Tesla is not an automaker, its a hype machine and the TSLA fan club loves that. Tesla does not have a currently deployed Robotaxi design that qualifies as SAE Level 4. Barry Ritholtz: US trade Dominance will soon begin to crack, and itll boost their economies while making goods cheaper too. Wealthy families are launching offices to manage their money at a record clip. Bill Artzerounian: Effective tax planning is crucial to strategically plan capital gains. A 2024 Ipsos poll found that no country surveyed was more nervous and less excited about AI than the United States. The fear of AI stands in stark contrast to countries in Asia, from developing countries like India and Indonesia to rich countries like South Korea. Almost all of the water AI uses is actually used by power plants generating electricity. Econ 102 podcast podcast podcast is no longer a regular podcast with Erik Torenberg. China is the source of almost half of the top AI talent in the world. Andrew Gelman says a new retention policy in Mississippi is key to the Mississippi Miracle. Daily volatility hit an all-time low of 2.24% as ETFs, corporate treasuries, and long-term holder redistribution transformed Bitcoins market structure. America has to feel fair - by Noah Smith. Bitcoin is behaving less like “good news” and more like an asset waiting for measurable transmission through rates, funding markets and the ETF markets. Illegal mining operations, often linked to electricity theft or activity in restricted regions, have continued to strain local power grids. A 2020 survey by the global money transfer service Remitly found that Japan topped the rankings of countries that Americans and Canadians would like to move to. Walkability and density are two reasons why Americans who move to Japan tend to feel. Tokyo — and other Japanese cities — may be taking its place, but as I explain in another essay, Tokyo may take its place.