President Donald Trump just nominated Kevin Warsh to chair the Federal Reserve. Warsh has spent years criticizing easy money, bloated balance sheets and inflation as "a choice.†He resigned from the Fed in 2011 over QE2. He called the $7.5 trillion balance sheet "a relic of crisis-era thinking.†Now he would be working for a president who wants rate cuts, market booms — and no pushback. ...

A new book argues that when easy money ran out, Silicon Valley’s billionaires looked for someone to keep the good times rolling. They found him in Donald Trump. https://t.co/F2wM7D4050 ...

Market Performance & Concerns - Despite beating top and bottom lines, video shares experienced a slight decrease, primarily due to data center revenues falling short of expectations, intensifying concerns about competition from China [1] - Data center revenues missed estimates for the first time since the emergence of Chat GPT in late 2022 [2] - The market is currently heavily influenced by the expectation of Federal Reserve rate cuts, overshadowing valuation concerns [3][4][5] - The analyst suggests a parallel to the late 1999 market conditions, cautioning about potential future differentiation and market correction [16] AI Investment & Returns - A study indicates that 95% of corporations investing in AI are not seeing any returns [9][10][11] - Major hyperscalers have doubled their capital expenditure to $600 billion over the last 2 years [15] - There's a thesis that AI is going to "eat" software, suggesting potential winners and losers in the software sector [14] Company Strategy & Execution - The analyst initially held a bullish stance on Nvidia, anticipating a strong quarter [2] - The analyst acknowledges Nvidia's massive write-down in April, which initially prompted a bullish outlook [7] - The analyst expresses hope that the data center revenue miss is an isolated incident in Nvidia's otherwise strong performance since late 2022 [6]

Geopolitical & Economic Analysis - The report suggests that Western economic power, particularly America's, relies on manipulating financial systems ("numbers on screens") to extract real resources from other nations [1] - The analysis posits that America's dominance is threatened as other countries, like Russia, challenge its financial leverage [2] - The report implies that the conflict in Ukraine is driven by the West's need to maintain its global financial influence [2] Economic Commentary - The document emphasizes the distinction between tangible assets (food, metal, minerals) and intangible financial instruments ("numbers on screens") [1] - The report criticizes the focus on financial speculation (crypto, stocks, loans) over real production, particularly among younger generations [1] - The analysis claims that "easy money" is essentially a form of theft from future generations or poorer nations [2] Industry Implications (Hypothetical) - If the report's analysis is accurate, industries reliant on financial engineering and global trade may face significant disruption [1][2] - A shift towards prioritizing real production (manufacturing, resource extraction) could reshape the job market and investment landscape [2]