Groundrush – Fat Tail Daily | Australian Markets

Dear Kali,

‘It is what it is.‘

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— The Irishman

History must be obeyed. Natural laws must be respected. The future’s gotta occur, whether or not we prefer it or not.

In the news yesterday, Invezz:

Palantir stock falls 7% amid sixth straight day of losses: analysts weigh revival prospects

Cryptopolitan:

Stock erases $73 billion in worth, as short sellers lastly win

Forbes:

Palantir Stock Down 20%. May Fall 74% More As AI’s Payoff Stays Low

Palantir was the most important success story of the yr. Profiting from creepy contracts with the feds, its stock rose to 230 instances income…and 114 instances gross sales.

Talk about a disconnect with the actual world! At that price, Palantir was hardly in the identical photo voltaic system. Investors have been misplaced in space.

Everything has a starting and an finish. In between is element. Often deceptive. Always puzzling and dazzling. But for those who soar off a high building, the place you’re going. You could really feel completely good for a few seconds. Imagine the sensation of weightlessness Palantir shareholders will need to have felt…with no financial gravity holding their toes to the earth. It will need to have appeared as if that they had reached a financial escape velocity — free from the tug of the planets…headed for the celebs.

We people fall off the ledge the day we’re born. And each bubble. Every human life. Every empire. And each paper currency ends the identical manner. The ground rush is likely to be exhilarating, however the ultimate chapter reads: splat.

And now…all seem like within the home stretch. The empire peaked out round 1999. The greenback has been dropping worth not less than since 1971; Palantir hit its high a week in the past. And Donald J. Trump, together with all of us child boomers, is forgetting the title of that large puddle between California and China.

We all face a rendezvous-with-future. And all appear to be gaining pace.

The US empire will increase outlays and deficits, whereas lowering revenues with tax cuts.

Money retains flowing to the Military-Industrial-Israel-Complex, together with funding for the Ukraine, whilst POTUS angles for a peace prize by ending the conflict.

Tariffs are slowing world trade, making everybody — particularly the US — a little poorer. Importantly, they bring about such instability and dysfunction that it drives different nations away from the US orbit.

India has the world’s greatest population. China is the world’s main exporter and chopping-edge technology developer. They are conventional enemies. But put the 2 along with Russia…and you’ve got a large, creditable rival for the world’s main hegemon. Anadolu Agency:

China’s prime diplomat hails ‘positive trend’ in ties with India

[China’s Foreign Minister Wang Yi] is on his first journey to India since 2022..The journey additionally comes because the US-India strategic ties have witnessed pressure below Trump’s second time period, as Washington has punished New Delhi with staggering 50% tariffs, accusing the world’s most populous nation of “unfair trade” and “funding” Russia’s “war machine” as battle in Ukraine continues.

Meanwhile, the greenback continues to fall; the feds threw it out of a window 54 years in the past. It then grew to become a purely ‘paper’ currency, un-tethered to something actual or sturdy. The lifecycle of paper currency is long studied and well-known. Like an empire, it begins with great pleasure and pleasure…however ends as trash.

And now, the massive query is: which can finish first? The bubble in stocks? The empire? The greenback? Our own pricey readers…or pricey author?

We don’t know. But we hope we’re nonetheless floating down previous the third or 2nd flooring after we discover out.

It is what it’s.