10k words, wrong thesis.
He's banging on about GPUs in boxes. The actual scandal is GPUs as financial instruments. CoreWeave has $30B in debt collateralised against physical chips in SPVs (Special Purpose Vehicle), depreciated over 6 years based on projected inference revenue that doesn't exist. NVIDIA sells the GPUs, then rents some back, and that rental income services the debt used to buy them.
Nobody knows what an H100 is worth in 2028. Billions of dollars of structured finance assumes the answer is "enough."
Not asbestos in the walls, Ed. CDOs. Read a balance sheet instead of Pluralistic for once.
Zitron found the right neighbourhood and broke into the wrong house.
#AIBubble #GPU #CoreWeave #NVIDIA #StructuredFinance #TechDebt #Securitisation #WheresYourEdAt
Aaah finally a #Disinfo2025 panel that focuses on #FreeExpression and other human rights in the context of the work against #disinformation.
The brilliant @epirkova pushes back against the instrumentalisation of #FreeSpeech and the EU's #DSA to fuel far-right anti-democratic narratives. And she rightly calls out the incredible amount of #securitisation of the #disinfo debate. 👏
Daniella Gabor on the Wallstreet Consensus (starts out in French but interview is in English)
i don't expect there to be too many takers but this is about the historical trajectories bw keysianism –> neoliberalism (washington consensus) –> a post neoliberal order that is still emerging. broadly distinguished from keyne's proposition that any social transformation we want we can pay for (the state can finance) to today where it might be characterised as any transformation we want private finance can pay for (which is of course contingent on transformation being agreeable to capital broadly)
for anyone unfamiliar daniella gabor is a phd in banking and finance and is an enormously knowledgable, insightful and charismatic speaker
#economics #macroFinance #criticalEconomics #securitisation #derisking #macro
"The report highlighted some of Europe’s weaknesses, including its openness to global trade, its reliance on advanced technology and essential materials and minerals from overseas, as well as its high energy costs."
#Securitisation is pooling financial assets (such as Small and Medium Enterprise loans or mortgages) into interest-bearing, tradable securities.
William Thomson: https://braveneweurope.com/william-thomson-more-securitisation-creates-less-financial-security
#finance #securities #Europe #EU #EuropeanCommission #banking #lobbying #economics #Minsky #MMT
Deregulating finance is in vogue in Brussels once again. William Thomson is a Political Economist and Founder of Scotonomics. (www.scotonomics.scot) Billed as simply a ‘technical reappraisal’, the European Commission has concluded its consultation on a [...]
Révision de l'Union des Marchés de Capitaux : Pour une compétitivité européenne renforcée
Les rapports Letta, Draghi et Noyer dévoilent des réformes essentielles pour dynamiser l'UMC et favoriser l'accès au financement des entreprises européennes. Une réforme qui pourrait transformer l'économie européenne pour les années à venir.
🔗 Consultez les recommandations et l'impact pour l'avenir de l'UMC : (https://ec.europa.eu/transparency/documents-register/detail?ref=SEC(2025)2511&lang=en)
#UnionDesMarchésDeCapitaux #Securitisation #SupervisionDesMarchés
I'm reading a paper on #securitisation, but I'm not sure about how to translate the term into #spanish
Any idea?
Wulfy—Speaker to the machines
Headlines Africa
Bundestag First Said Kontext
Jan Penfrat
TinDrum
Alexandra Beekers 🏳️🌈🌍
EURACTIV Economy
Eric Maugendre about carbon
Mathieu Gitton
César Pallares 