From ROI-NJ:
U.S., N.J. foreclosure activity increased in 2025
ATTOM, a curator of land, property data, and real estate analytics, said Jan. 15 foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 367,460 U.S. properties in 2025, up 14% from 2024 and an increase of 3% from 2023.
New Jersey was one of the top 10 states with the worst foreclosure rates in 2025 and had the highest foreclosure rate of any state in December 2025. Atlantic City was among the 225 metropolitan statistical areas with a population of at least 200,000 with the worst foreclosure rates in 2025.
The properties with foreclosure filings in 2025 represented 0.26% of all U.S. housing units, up from 0.23% in 2024. ATTOM said even though foreclosure activity has risen, it is significantly below pre-pandemic levels and far below peaks seen during the last housing crisis.
“Foreclosure activity increased in 2025, reflecting a continued normalization of the housing market following several years of historically low levels,” said Rob Barber, CEO at ATTOM. “While filings, starts, and repossessions all rose compared to 2024, foreclosure activity remains well below pre-pandemic norms and a fraction of what we saw during the last housing crisis. The data suggests that today’s uptick is being driven more by market recalibration than widespread homeowner distress, with strong equity positions and more disciplined lending continuing to limit risk.”
…
States with the worst foreclosure rates in 2025 were Florida (one in every 230 housing units with a foreclosure filing); Delaware (one in every 240 housing units); South Carolina (one in every 242 housing units); Illinois (one in every 248 housing units); and Nevada (one in every 248 housing units).
Rounding out the top 10 states with the worst foreclosure rates in 2025, were New Jersey (one in every 273 housing units); Indiana (one in every 302 housing units); Ohio (one in every 307 housing units); Texas (one in every 319 housing units); and Maryland (one in every 326 housing units).
Among 225 metropolitan statistical areas with a population of at least 200,000, those with the worst foreclosure rates in 2025 were Lakeland, Fla. (one in every 145 housing units with a foreclosure filing); Columbia, S.C. (one in every 165 housing units); Cleveland (one in every 187 housing units); Cape Coral, Fla. (one in every 189 housing units); and Atlantic City (one in every 192 housing units).
Truflation ….
“US CPI Inflation today: 1.55%
Our inflation index dropped further today, from 1.70% to 1.55%, as cooling spread across multiple categories.
The main drivers included the Housing, Food, and Household items categories.”
WTF? Grim: fuck you
Cycles….this is where she is correct. QT is done. This is her part of the cycle. Get ready for arkk to kill it again. No one is bullish enough. It’s a head scratcher. Crypto is going to absolutely melt faces off next month. These are not ordinary times….roaring 20’s 2.0.
BRT says:
January 15, 2026 at 9:47 pm
Cathie Wood
@CathieDWood
The next three years could be Reaganomics on steroids, another golden age for the US equity market. Back then, early in my career, I remember how deregulation, tax cuts, sound monetary policy, and peace through strength sent the dollar soaring, which put a lid on the gold price!
Top is in bros
Face it….gas coming down. Inflation coming down. Rates down. We are closer to the bottom….not the top. So much of the GDP went to investment…wait till it compounds and scales. Going to be glorious. Unbelievable time to be an investor.
Fab: For purposes of you post last night in reference to the ongoing feud between myslef and XX or whatever he calls himself now. I will make it clear to you, how it reached this point.
That poster over the u years insults and personal attacks increased. It did not matter over what, one never knew what would set him off. As he got older I got uglier and constantly with homosexual references (you can make what you will of that). For myself I used to ignore him, and then I decided I had enough and if he could give it, well he was going to get it back. And that is what I have been doing.
However, I only did it when I was attacked you can feel free to go back to older posts and follow the time lines. Yesterday, was a perfect example. I made a comment about back in the day a certain Investment Bank paid for my MBA, and that set him off. There was absolutely no reason for that behavior. And of course it was with the dicks and whatever other Gay comments he makes.
When I decided to give to him as he gives to me with the name calling and insults. I used the fact that he was teacher. I never disparaged him for teaching, I said he left the business world because he could not hack it. I said that after the constant comments about how bad Bankers and others in the business world are, and he left to pursue the noble endeavor of teaching. Well as you know, there are thousands of good people in the business world who get up everyday and keep do what has to be done to keep this country running. So yes, I said he left the business world because he could not hack it, his constant disparaging of those in corporate America certainly sounds like resentment to me.
Again, I don’t care why he left one profession and left another, but don t disparage the one you left, and make yourself sound like you are above it all. It certainly sounds like sour grapes to me. I don’t care why he did what he did, in the end I just used it as a way to insult him, as he did to me. Childish ?Yes, but sometimes you gotta that way.
As for the other insults I hurl at him, well they were all provided by him. He does not work, he smokes pot every day, he is overweight and drives around in his car, oh and he naps. Then he tells us he is starting to wind down. There is all the material right there.
I have asked him to cease with the comments and insults, but he will not, and so it goes, I will admit it is getting tiresome on my part, so perhaps I will go back to ignoring him. But, it is clear to me the guy has some anger and resentment issues,and he brings them here and lashes out at people on the blog. We might all need to improve how we interact here, but his behavior is the worst.
I will again point out, I never go on the attack, I only respond after he attacks, maybe he likes the attention, I don’t know.
And I have never attacked his spouse or his child. There is something very ugly in that, and goes to the character of a person, perhaps it toes back to his anger and resentment issues. This is how we got to where we are today. 3
So Trump found a new puppet to lead Venezuela? Maria Corina Machado…That is a nice gold frame…
https://nypost.com/2026/01/16/us-news/venezuelan-opposition-leader-maria-corina-machado-reveals-why-she-gave-trump-her-nobel-peace-prize-medal/
3b – You should be ashamed of yourself! Beating-up the elderly mentally challenged online can be considered cyberbullying.
Ex is a victim of online harassment and elder abuse. He should be treated as such from now on.
Juice 10:24
Reminds me of Braveheart film (https://braveheart.fandom.com/wiki/Murron_MacClannoug):
Prima Noctae was a new law enforced by the King of England, Edward.
Chatgpt:
Bullish forces — why some talk about a “Roaring” period
Many analysts see ongoing economic resilience in the U.S. and globally, with AI investment and corporate earnings growth providing momentum for markets in 2026.
Some Wall Street perspectives suggest solid equity returns ahead driven by tech and cyclical sectors, especially if inflation eases and monetary policy stays supportive.
Consumer demand and fiscal tailwinds could help above-trend growth (e.g., around ~2.2 – 3 %) — faster than recent years.
These trends echo part of the Roaring 20s narrative: strong corporate profits, new technologies (AI instead of automobiles/consumer culture), and robust financial markets.
10:31 Juice, stop pouring gasoline on yeaterday’s dumpster fire.
Is everyone ready for The Great American Healthcare Plan (from Kazakhstan)?
New day, new sh1t.
Serf… it is a myth dreamt up by writers from the middle ages and Hollywood.
re: “New day, new sh1t.”
I liked the pronouncement of that Americans may not pay income tax in the future. Much bolder than health care from Kazakhstan.
Yes, the current AI boom shares several bubble-like traits with the late‑1990s tech bubble, but the underlying businesses and earnings are much stronger today, so an eventual shakeout would likely rhyme with 2000 rather than fully repeat it.
Key similarities
Hype and narratives
Both periods are driven by a transformative tech story: then the commercial internet, now AI as a general-purpose technology promising huge productivity gains.
Capital is crowding into anything associated with the theme: AI now accounts for more than half of new VC funding in some estimates, similar to how internet companies dominated VC flows around 2000.
Valuations and concentration
Valuation multiples in leading AI names (especially Nvidia and major cloud “hyperscalers”) are elevated versus history, and a small group of mega-cap tech stocks now drives a large share of index returns, as in the late 1990s.
Rapid price gains in a short time frame and “must-own” status of core AI names echo classic bubble dynamics, including recent volatility when investors worry the AI story might be overextended.
Important differences
Profitability and business quality
In 2000, most dot‑coms were unprofitable; one study cited only about 14% of them making money at the peak.
Today’s AI leaders (Nvidia, Microsoft, Alphabet, Amazon, Meta) are large, diversified, and strongly profitable, often funding AI build‑outs largely from free cash flow rather than just speculative capital.
Valuation levels vs 2000
Nasdaq P/E during the dot‑com peak was around 60×; recent tech/AI‑heavy index multiples are closer to the mid‑20s, high but not as extreme as 2000.
Many big AI players trade at high but not absurd price‑to‑sales ratios compared with early internet firms that often had negligible revenue, making traditional metrics meaningless back then.
How an AI bubble could “mimic” 2000
Where the crack could appear
The biggest vulnerability is in AI infrastructure spending: enormous sums are going into data centers and chips, increasingly financed by debt or complex reciprocal funding deals between chipmakers, cloud providers, and AI labs.
If actual monetization (usable AI products and enterprise adoption) lags the infrastructure build‑out, margins could compress and a capex pullback could hit earnings and sentiment hard, similar to the telecom overbuild after the 1990s boom.
Likely pattern if it pops
A plausible path is: AI expectations overshoot → weaker‑than‑hoped revenue/ROI from AI tools → capex cuts and write‑downs in data centers and chips → sharp multiple compression in AI‑exposed names, while the broader economy weathers it better than in 2000 thanks to stronger underlying profitability.
Smaller, pure‑play AI startups and speculative names would likely see the most severe damage, similar to how many minor dot‑coms disappeared even though the core internet giants survived and later thrived.
What this means for an investor
Ways it could resemble the tech bubble
Narrow leadership, speculative flows into anything labeled “AI,” and stretched valuations in a hot subsector all mirror the tech bubble setup and make a sector‑level drawdown very possible.
Sentiment is increasingly binary: strong earnings (like Nvidia’s) calm “AI bubble” fears temporarily, while any disappointment causes abrupt risk‑off moves across tech and related assets.
Ways it is safer than 1999
Core AI players generate substantial profits and cash, which can cushion a downturn and allow them to keep investing even if valuations reset.
AI adoption in enterprises and consumer products is already meaningful (cloud services, productivity tools, chips), suggesting that, even if valuations deflate, the technology itself is not a fad in the way many dot‑com business models were
Perspectives on our AI Future??
There was a recent substack AI discussion with Cassandra (Michael Burry) and Anthropic’s Jack Clark and some interviewers.
Will the economy survive the AI transition?
https://post.substack.com/p/the-ai-revolution-is-here-will-the
BRT,
On your comment last night about steering your kids into the trades. I pressured Gator Jr. to be a plumber or electrician since day one. The problem though, is that he simply is not programmed for it. I loved working on cars with my dad. He abhors it. I got him a 200 in 1 electronics kit, which I played with endlessly as a kid. He used it once. I told him, our plumber drives a Lambo (the truth), and he said, “good for him!”
Truth is I couldn’t be happier with his academic successes. I just didn’t see them coming from my DNA. At least he got my good looks.
3B,
None of us care. Quite frankly, no one takes a guy with an ascii penis fetish seriously. There is absolutely no reason to explain yourself. Just put XX back on ignore, grow a thicker skin and when someone lashes out (as you call it), leave it alone. The back and forth is tiring.
Juice,
Take AI and all of the productivity gains it will provide a business with. To which pockets do you think the increase in profit is going to go from it? Which companies will benefit more from it, the small business or the huge corporation?
If you were to ask me, the money is going to flow into the pockets of the executive class, leaving the other 99% to fight over the few remaining jobs. This is the way it’s been with productivity gains pretty much since the early 70s, but has worsened much more since the 80s onward. IMHO, small businesses will not be able to afford AI that could compete with the mega caps.
Some day in the next twenty years, we will be cursing NVIDIA.
9:46 cool story braaaah
A billionaire mogul patriarch who owns an enormous global media and entertainment conglomerate has several children, who are chomping at the bit to inherit his riches while vying for his attention.
No, we’re not talking about HBO’s hit TV series “Succession” — we’re talking about Oracle cofounder and centibillionaire Larry Ellison and his six offspring. His firstborn, David Ellison, in particular, has already begun following his father’s footsteps, giving up a failing acting career in a bid to eventually take the helm of Paramount Skydance, which has a market cap of around $13.3 billion, in August.
As detailed in a recent Vulture profile, attention to detail doesn’t appear to be the family patriarch’s strong suit. After spending tens of millions of dollars on a Florida safari park, he bought himself an enormous, 191-foot vessel — technically a downsize from his previous, 288-foot yacht — and named it “Izanami.”
The name was reportedly inspired by a Shinto deity in Japanese mythology of the same name, the female creator of creation itself and death.
But the moniker didn’t stick after Ellison was informed that the name spelled something deeply embarrassing when reversed: “I’m a Nazi.”
Lib – re: “money is going to flow into the pockets”
Cumon you can do better than that.
Computing has already eliminated millions of jobs.
Data Entry
Word Processors
Secretaries
File and Mail Clerks
Assembly Line workers
Printing Press Operators
Welders
Bank Tellers
Cashiers
Telephone Operators
Telemarketers
Customer Support
Interpreters
Accountants
Proofreaders
Copywriters
Photographers
Graphic Artists
Elevator Operators
It’s been that way since someone invented a better and faster way at removing sticky seeds from cotton. Eli Whitney’s hand-cranked machine could do the work of fifty people.
Job displacement/replacement is part of an ongoing trend since industrialization. Technology since the 1700s has handled routine or highly structured tasks more efficiently..
The only people who don’t survive are those that don’t adapt.
I know you are looking for work. I am going to say it again, you need to pivot. You are a smart guy you will figure out what to do next.
Heck if AI doesn’t take my job in next few years a Bio-Robot that lives 8000 miles away that works for 1/10th the cost will for sure. I will adapt I always do..
Public opinion on nearly every aspect of President Donald Trump’s first year back in the White House is negative, a new CNN poll conducted by SSRS finds, with a majority of Americans saying Trump is focused on the wrong priorities and doing too little to address cost of living.
A majority, 58%, calls the first year of Trump’s term a failure.
There’s hardly any good news in the poll for Trump or the Republican Party entering a critical midterm year, with the president’s handling of the economy looming as the defining issue in key House and Senate races.
Asked to choose the country’s top issue, Americans pick the economy by a nearly two-to-one margin over any other topic. The poll suggests Trump is struggling to prove that he’s addressing it. And it finds broad concerns over Trump’s use of presidential power and his efforts to put his stamp on American culture.
Views of economic conditions have remained stable — and largely negative — for the past two years, with about 3 in 10 rating the economy positively. What’s changed in the latest poll is the increased pessimism about the future: Just over 4 in 10 expect the economy to be good a year from now, down from 56% just before Trump was sworn in last January.
A 55% majority say that Trump’s policies have worsened economic conditions in the country, with just 32% saying they’ve made an improvement. Most, 64%, say he hasn’t gone far enough in trying to reduce the price of everyday goods. Even within the GOP, about half say that he should be doing more, including 42% among Republicans and Republican-leaners who describe themselves as members of the “Make America Great Again” movement.
Much of the public doubts that Trump is prioritizing their interests. Just 36% now say he has had the right priorities, down from 45% near the beginning of his term. Only one-third of Americans now say they believe that Trump cares about people like them, down from 40% last March and the worst rating of his political career.
Only 37% say that Trump puts the good of the country above his personal gain, and 32% say that he’s in touch with the problems ordinary Americans face in their daily lives. That includes more than one-quarter of those who approve of Trump’s presidency overall but don’t feel he’s in touch with their problems.
Seriously Juice. I am considering getting a CDL and becoming the GR Jitney Driver. It only pays about 1K per week, but the bennies! I am already in a conversation with the head of our DPW.
I don’t really need more income. Just can’t see myself shelling out 80K a year for shitty healthcare on the exchange once my cobra runs out in December (50K a year).
The salary is like 50K which will allow us to qualify for most government programs.
Did I mention the NJREREPORT discount?
11:41 good move
Why is the US President allowed to bank money from foreign oil in Quatar???
Wait. Those pictographs are of a penis? Oh no!?!
Libturd says:
January 16, 2026 at 11:06 am
Quite frankly, no one takes a guy with an ascii penis fetish seriously.
11:51 oh yessss. We lift up here.
https://youtu.be/XTZnqdAxn0w?si=emdDFw-jGJ2mUH-g
If it weren’t for Ex, I never would have read the Wiki page for Bun E. Carlos.
Every board needs at least one stoner musician.
Lib – When a family member retired he went and drove the short school bus for his town for a while. I have no idea how he got that job with DWIs….It was a different time back then I guess. My cousin aged out of Corporate America and took a government job in tech support for his local government.
Pay not great but bennies…..are there.
12:49 why thank you. I resemble that remark.
Thanks for the share. I think Burry is too biased toward the negative. He can’t see the vision because he’s too obsessed with finding the next crash; the dude just can’t escape the shadow of his 2008 call. He must be fun at parties. The sky is clearly not falling. AI is surprising “the experts” every single day. Sooner or later, they’ll have to suck it up and admit what’s happening. It’s already obvious, and these guys are still screaming that the sky is falling and calling it a bubble. Wake the f*** up and open your eyes. Try an unbiased approach for once.
Juice Box says:
January 16, 2026 at 11:03 am
Perspectives on our AI Future??
There was a recent substack AI discussion with Cassandra (Michael Burry) and Anthropic’s Jack Clark and some interviewers.
Will the economy survive the AI transition?
https://post.substack.com/p/the-ai-revolution-is-here-will-the
I recall during the tech bubble, there were 9 pumpkins for every negative nelly.
Ai for the win…it gets it.
This is all that matters. It’s not the same….not at all. This is driven by startups, but the most powerful companies on the planet. I do understand the similarities, but it’s not the same.
“Important differences
Profitability and business quality
In 2000, most dot‑coms were unprofitable; one study cited only about 14% of them making money at the peak.
Today’s AI leaders (Nvidia, Microsoft, Alphabet, Amazon, Meta) are large, diversified, and strongly profitable, often funding AI build‑outs largely from free cash flow rather than just speculative capital.”
I am disgusted that you are making fun of someone with a glass eye.
The Great Pumpkin says:
January 16, 2026 at 1:11 pm
Thanks for the share. I think Burry is too biased toward the negative. He can’t see the vision because he’s too obsessed with finding the next crash; Wake the f*** up and open your eyes. Try an unbiased approach
Pumps – Burry made a great point about SLMs and ASICs.
Did you know Apple recently signed a deal with Google to replace Siri with Google tech?
Do you know why? Google does not train on NVIDIA hardware they use their own ASIC a much cheaper Tensor Flow chip. Apple feels they can get it done without building out 100 Billion dollar data centers on the NVIDIA platform. Apple’s investment to replace SIRI is only $1 billion per year.
Google already pays Apple more than $20 billion a year just to be the default search engine on Safari.
If Apple was training an advanced LLM on its own, it would cost a lot of money now, and even more into the future. They just secured a $1 billion annual rate for the next few years to have a top-tier AI service from a proven competitor that’s paying 20 times that to you for a simple search referral.
The massive capital expense commitments to massive data centers for LLMs is going to crash. NVIDIA will need to pivot too.
Goldman Sachs has been pushing the view that the stock market’s return over the next 10 years is likely to be very low, at only around 3% per year. We disagree. Admittedly, there’s logic to that forecast: The forward P/E of the S&P 500 is currently historically high at 21.8 (chart). That suggests that it’s likely to fall in the coming years, thereby reducing the upside for the S&P 500—especially if there’s another recession over the next 10 years. Past recessions have always caused both earnings and the valuation multiple to crater. In other words, the market is priced for perfection, which increases the odds of disappointing returns.
But we observe that the forward P/E was even higher than it is now on September 1, 2020, just five months after the end of the pandemic lockdown. It was 23.2 back then. Yet the S&P 500 has nearly doubled; it’s up 94% since then. That’s despite a bear market in 2022.
https://www.yardeniquicktakes.com/market-call-1920s-and-2020s-not-the-only-roaring-decades/?utm_source=chatgpt.com
Meaningless to me….I know it will be overcome with innovation. This was needed to develop AI. As AI advances, things we didn’t think possible will become possible….costs will find their way to the promise land.
“The massive capital expense commitments to massive data centers for LLMs is going to crash. NVIDIA will need to pivot too.”
I agree. Best investment window in human history. I don’t make the rules. From the article I just shared:
We’ve previously noted that valuation multiples always fall during recessions along with earnings. The economy has demonstrated its resilience since the start of the Roaring 2020s. We expect it to remain resilient through the end of the decade, with the forward P/E remaining elevated at its current level as earnings growth lifts the S&P 500 to 10,000.
The horrific 1930s followed the Roaring 1920s. If a deep depression were to occur again during the 2030s, then it would undoubtedly result in another lost decade for the stock market. For now, we believe that the 2030s could be another roaring decade for the economy and the stock market. Over the past 10 decades, only two periods had negative returns for the S&P 500, and half had returns of about 200% or more (chart).
The S&P 500 rose 16.4% last year (chart). We expect it will increase 10% this year. That would make 2026 the fourth consecutive year of gains of 10% or more. The other three were during the 1940s, 1950s, and 1990s.
Since the start of the current bull market on October 12, 2022, the S&P 500 is up 91.4% (chart). In our outlook, this bull market could be one of the longer ones.
Since 2021, the S&P 500 has closely tracked its performance from 1921 to 1925 (chart). We doubt that it will soar over the next four years and then crash in the 2030s as it did in the late 1920s and early 1930s.
By the way, the Great Crash really started in May 1930 when the Smoot-Hawley Tariff was enacted. Using monthly data, the S&P 500 dropped 34% from September 1929 through November of that year. It then recovered 24% by April 1930, matching its level in April 1929! The S&P 500 lost 81% of its value between April 1930 and July 1932.
The economy’s resilience this decade was demonstrated yet again in 2025, as it showed no signs of weakening in response to Trump’s Tariff Turmoil.
I am such a loser. Oh well, its that time of day when I dress in women‘s clothing. I just live high heels.
Same chit I have been spewing on this blog. They are waking up.
From chase:
We put the odds of the U.S. staying in expansion mode in 2026 at 80% – including a 20% chance that the economy exceeds expectations and leads to a reacceleration of inflation. That’s not a “nothing can go wrong” call; it’s a strong vote of confidence in the resilience of the underlying economic environment.
That matters because 2025 gave investors plenty of reasons to doubt the outlook. Tariffs, immigration and policy noise fueled volatility and forced many economists to trim growth forecasts. Yet the economy kept moving – in Q3 2025, real gross domestic product (GDP) grew at a 4.3% annualized rate, far exceeding the initial expectation of roughly 3.3%. Our view is that this resilience extends into 2026.
The reason we’re comfortable leaning that way is that the key macro constraint is loosening, and it starts with inflation and the Federal Reserve (Fed). We anticipate inflation to remain rangebound (still above target, but not broadening to the stickier components), which should allow the Fed to maintain an easing bias. In fact, we’re anticipating one additional rate cut this year – not a signal of aggressive easing, but a move that keeps rates on a lower trajectory. That matters because it keeps financial conditions supportive.
https://www.chase.com/personal/investments/learning-and-insights/article/tmt-january-nine-twenty-six?utm_source=chatgpt.com
For me, the writing is on the wall. I am targeting crypto first because it has been in a bear market since 2022. I’m going after the most undervalued high-risk option out there: crypto. If I’m right, I will make life-changing money in the next few months. I expect next month to absolutely go off. It’s been a game of patience since november…and I will be rewarded.
End of the day, don’t fight “the Trump.” (instead of don’t fight the Fed) Simple as that. Now is not the time to go bearish, imho.
” If I’m right, I will make life-changing money in the next few months.”
Great, then you can move out of your hovel in Clifton and move onto better things!
Trumps first year has been a massive flop. Shocking.
3b,
Regardless of who started it, if you sink to the same level you will get called on it.
I have the exact same issue with Chi, he attacks me on a regular basis, I just ignore it. Any White Sup article he comes across he posts here to imply i’m a Naz1. He’s attcked my kids. I just wished his well.
I do get a half hearted apology sometimes, usually after a night of drunk posting where has gone way over the line. He never apologizes for what he said more the fact that he posted it. For me its a big whatever, I just ignore it.
RIP – Star Trek
https://tinyurl.com/4ajerhx4
Fab: I don’t want to spend any more time on it, and just to wrap it up. and I think you for calling him out on his behavior yesterday.
My behavior ended up turning into a childish response to him albeit after years of his ugly behavior on an almost daily basis, but we are all human.
With that said, I did nothing to disparage his family, so nothing to call me out one. I don’t apologize for anything I said about him. He deserved it.
However, it is just stupid to keep this going. So, I will return to ignoring him, like I did in the past. Peace restored to the blog, at least on my end. Thanks again.
War\sh is now Trump’s favorite to be next Fed Chairman, Hassett to stay where he is.
What people seem to be missing in this dot come vs AI discussion is that its different because its OpEX vs CapEx. A dot com startup had to buy physical infrastaructre, an AI startup spins up an instance in a Cloud provider. When the dot com bust happened, they hardware was sold and that hit the likes of Sun Microsystems who ended up with a lost cyustomers and what was left buying discounted used as oppsed to new. The AI start up ges under and there is no assets and the Cloud providers can absorb the hit by slowing hardware refreshes and capacity expansion.
Cry harder you whiny bitch
I’ll take a powder until the midterms! You can bask in each others sunshine. Adios. For now.
Nobody saw it coming…
Hackensack school district short 15 million…
https://www.nj.com/education/2026/01/nj-school-district-just-uncovered-staggering-15m-budget-hole-no-one-saw-coming.html
All the people who said wearing masks for safety was the goverment overstepping its boundaries, now celebrating that you’re being asked to carry and present documents to government officials
The most efficient way to identify illegal immigrants is to crackdown on major employers in the farm, meat processing, construction, and hospitality industries. But that harms major political donors. Instead ICE goes door to door in MN to incite maximum outrage and division.
4:33 Amateurs. Last I saw Lakewood was in the hole for $300 million.
Juice: What about Montclair, the best of the best and brightest of the brightest or we are supposed to believe that , and their deficit could be 20 million or more. Layoffs, other cuts, and a one time tax increase this year to close the deficit. How did a town like that screw up??
In the case of Hackensack, I wonder if the loss of tuition from the Maywood students was one of the causes? Maywood students now go to Becton Regional in East Rutherford.
Wow, even Elon jumping on the train.
“The most accurate description of what is about to happen in business, finance, tech, and the US economy comes from Elon Musk.
He calls it a “supersonic tsunami.”
Artificial intelligence and robotics is going to seep into every corner of human life and squeeze out most of the inefficiencies.
Software can do knowledge work better than the white collar folks and robotics can do manual labor better than the blue collar folks.
This is going to make the United States substantially more productive and prosperous in aggregate, but it will create financial and social pain for many people on an individual level.
The natural reaction of most people will be to fight the inevitable future. That is the wrong path. You have to immediately embrace this technology and learn how to harness its power for your own productivity and financial gain.
Use AI and robotics to make money before AI and robotics eliminates your job.
The tsunami is coming.
Only those who act now will be spared.”
Seriously, how can there be so many bears right now. I don’t get it. I really don’t.
Most will read that passage and come away with fear. Instead understand the investment opportunities being presented. Mass scale efficiency….fucking a. Blows my mind how this will compound and scale. It’s insane. What a time to be alive.
Instead of dooming….realize how lucky you are. The odds of being here and getting to invest/benefit from it is insane. Like dumb labor is dead. The entire human history was driven by human labor, and that chit is being blown up with a nuclear bomb. BOOOM! If you can’t see it, I feel bad for you.
Juice Box says:
January 16, 2026 at 12:49 pm
“Every board needs at least one stoner…”
No doubt Ex is as useless and embarrassing here as he is at home. Guarantee the fat, burned out dork is ignored by his wife and is an ongoing embarrassment to his child(ren). Total putz!
Juice Box says:
January 16, 2026 at 4:33 pm
“Hackensack school district short 15 million…”
Just one of a thousand Dem states/municipalities that took SlowJoe’s covid bailout money and created ongoing spending commitments; no different than Fatso Pritzker in bankrupt IL, Gavin Gruesome in bleeding CA, or our own Bucktooth Phil who juiced NJs budget from $35B to $60B. Oh, and it should surprise no one that the mayor of Hackensack was formerly the president of the Hackensack Education Association — just the kind of guy Dem stooges like Lib and Flab love.
I’ll give these blue state pols credit for one thing though, they know their constituents. they won’t be voted out of office so all they need to do is hold on — borrow — until the next Dem prez arrives and bails them out again.
Lib: Are your assets taken into consideration, re that 50k job with benefits?
You have to appreciate the irony of the black guy, earning his Nobel Peace Prize, while the white guy got his handed to him in a blatant example of DEI.
The only thing safe in the United States right now are the E pstein files.
“A few things that have destroyed the notion of an “Ai Bubble”:
1) Anthropic
> Claude Code uses a ton of tokens, and is far beyond ‘vibe coding’ at this stage
> Massive B2B revenue growth
> Claude Cowork will be doing fully autonomous work in 800 million MAUs (subs will increase over time, and ad revenue coming soon)
> Solving multiple ERDOS problems (math will never be the same)
> Health integration will be a massive driver
3) Google
> Gemini / Nano Banana (massive growth and usage)
> AlphaFold (scientific community all over this)
> Ai search enhancement will generate tons of ad revenue
4) xAi
> Military contracts in hand”
A few things that have destroyed the notion of an “Ai Bubble”:
1) Anthropic
> Claude Code uses a ton of tokens, and is far beyond ‘vibe coding’ at this stage
> Massive B2B revenue growth
> Claude Cowork will be doing fully autonomous work in 800 million MAUs (subs will increase over time, and ad revenue coming soon)
> Solving multiple ERDOS problems (math will never be the same)
> Health integration will be a massive driver
3) Google
> Gemini / Nano Banana (massive growth and usage)
> AlphaFold (scientific community all over this)
> Ai search enhancement will generate tons of ad revenue
4) xAi
> Military contracts in hand
It’s supposed to say:
2) ChatGPT:
> 800 million MAUs (subs will increase over time, and ad revenue coming soon)
> Solving multiple ERDOS problems
3b – On the schools budgets. We got nailed down here too, but it was self inflicted as there was a plan to close and consolidate schools to close the $10 million dollar gap but the moms did not like their kids being on a bus ( not like they would not drive them anyway) so my school portion of taxes are now up 10%. State rubber stamped it too..
However I will be moving on and so will my kids will be moving on with hopefully fully funded 529s, something that is tough to do if you have car payments. I am proud to say I drive an old jalopy a $46,000 SUV but haven’t had a car payment in 8 years.
Unfunded liabilities are enormous here in NJ. I have shared this information here previously about it but it’s the elephant in the room people rarely talk about.
10:00 and 10:02, You couldn’t be more right.
“Stocks are extremely risky in the short term but extremely safe in the long run.
Cash is extremely safe short term but extremely risky in the long term”
https://x.com/iamtomnash/status/2012156058958282852?s=46
Pumps – your problem is you don’t understand what people mean by AI Bubble.
Inference isn’t going away, nobody is saying that ever.
However Apple just secured a $1 billion annual rate for their SIRI AI computing needs.
Do you have any idea what the capital or other expenses are for these data centers? The commitments are beyond any kind of ROI.
Example =—-> The same electricity that runs to your house well Google is now trying to buy a portion of that with a deal to the infamous PJM interconnect and others like Microsoft and Facebook are trying to restart closed nuclear power plants.
Do you get it? They are willing to sacrifice their green energy commitments to go full on dirty coal and nuclear to satisfy their needs to stay on top.
Pumps, you have no idea what you are even saying. You are not a scientist or a techie or a policy maker. Just a low level mid manager sucking up to corporate bullsh1t. Nobody knows if it’s a bubble or a deflating tire. Fiddling with your balls is not the same as feeling the crystal ball.
Yup. Rather rent and invest into this market. Young people crying about how much it costs to buy a house should wake the f up to the opportunity in front of them with stocks and crypto.
“The average annual S&P 500 return over the last 20 years is 10-11%
The average annual return on a US home over the last 20 years is around 4%
I’m not a fan of selling the first to fund the second when home prices are at all time highs with weak future demographics”
Yawn.
Déjà vu. You are saying the same ignorant bs I heard on this blog 13 years ago. Same exact bs. Watch and learn.
You have no idea how much chit i took for telling everyone to max out “free money” loans to buy real estate. Where’s my girl Joyce at?
Joyce wrote at a sophisticated level. She thought this made her superior in terms of intelligence. You are a inferior version of Joyce.
RentL0rd says:
January 16, 2026 at 11:00 pm
Pumps, you have no idea what you are even saying. You are not a scientist or a techie or a policy maker. Just a low level mid manager sucking up to corporate bullsh1t. Nobody knows if it’s a bubble or a deflating tire. Fiddling with your balls is not the same as feeling the crystal ball.
3B,
Points moot. Lots of applications in. I’m not gonna bother. Last year, they almost shut it down due to lack of anyone willing to work those crazy hours. This year, tons of applicants. Yet economy is fine?
Re: Hackensack School
No one saw it coming…are you kidding me? If it’s the responsibility of the unpaid school board members to identify budget gaps, what exactly do the highly paid Superintendent and Business Administrator do?
Juice: That is unacceptable. The state should have stepped in, or if not than put it to a referendum, and the residents decide. It makes no sense.
Lib: Understood. As for the economy, I don’t know what to make of it at the moment, layoffs here and there, including whole middle management layers being removed at a couple of companies I am familiar with. Another company got rid of their entire graphics except one, and replaced with AI. BOA and JP Moved say economy is still good, lots of people doing the week or 2 or more to Florida.