David Pickworth

@davidpickworth.bsky.social

Investment Banker (financial engineer)/unashamed financial migrant. Semi-reformed 2-wheel hooligan. Slave to a French Bulldog mistress. (Probably) High functioning alcoholic. 50%🏴󠁧󠁢󠁷󠁬󠁳󠁿50%🇩🇪 hybrid.

I asked SI (sic) how the markets were performing. Apparently the S&P reached a new all-time peak 👏 But then I asked some awkward questions... It seems that it's all driven by the 'SI Bubble' and if you strip out those companies everything else is going down the toilet.

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I asked Google about vessels numbers in the Strait of Hormuz… “Thousands of ships…” But then you click on one of the links it provided. Tanker transit in the last 7 days… pretty close to ZERO. Now that’s superintelligence (SI) 🤡

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In an attempt to garner more support from Alaskan voters, Trump (via his proxy, Nutlick) tells them he's got $200bn of investment for an Alaskan pipeline from South Korea. Of course, it's total bull💩 but the positive spin it generates will gain a few extra votes for a lame duck candidate.

Carl Quintanilla@carlquintanilla.bsky.social · last wk.

“.. Seoul had expressed its regret to US Commerce Secretary Howard Lutnick ‘that what was reported today went beyond what had been agreed,’ he said.” @bloomberg.com www.bloomberg.com/news/article...

I wonder how Scott 'I am the house' Bessent thinks his market interventions are going? Please put an X on the graph to show the point at which he made his foolish, hubristic... some would say moronic... pronouncement.

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Growth in the #NASDAQ100 v rise in US debt (both since 2000). Corporate tax receipts are now less than 10% of GDP. The Big Beautiful Bill will cut federal tax receipts and the forever war with Iran will increase government spending on defence. Borrowings will continue to grow exponentially.

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Trump's constant whining about how the EU have been ripping off the US over trade is just the usual Trump 🐄💩... They always talk about goods trade isolation... but add in the services trade and it's all pretty even.

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The US administration has already sold more than $13bn of Venezuelan oil and only $400m has been passed onto Venezuela by OFAC. That is state piracy. Now they're taking control of $4bn worth of Venezuelan gold (moving it from London to NY). Hey Germany... time to take your $170 bn of gold back!

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Q: Why do the US have near daily press 'gaggles'? A: Because #Trump is a narcissist and needs a daily dose of adulation to feed his insatiable need to be 'admired'. He's not 6'3", doesn't weigh 200 lbs, didn't get into Wharton on his own merit, doesn't have bone-spurs... he's a fat orange wanker.

I've listened to all the usual MotoGP podcasts predicting that the 2027 World Championship is pretty much a done deal... another great Marc Marquez triumph over adversity. I'm not so sure... I'd explain my reasoning but the MM93 'lickers' would just pile in so it's probably not worth the effort.