Pinned: #JaneStreet hat nicht nur über Wochen den Preis von #Bitcoin manipuliert, sondern wohl auch den Crash von TerraLuna verursacht. Für Paid-Abonnenten:
https://blingbling.substack.com/p/wie-der-bitcoin-kurs-manipuliert
Mit Autos und Chemie wird die deutsche Wirtschaft nicht mehr wachsen, sagt Moritz Schularick. Chancen sieht er hingegen bei der Aufrüstung – aber nur, wenn sich die Europäer von den USA befreien. https://www.nzz.ch/wirtschaft/deutschlands-einflussreichster-oekonom-kritisiert-die-politik-wir-laufen-rueckwaerts-in-die-zukunft-ld.1924498?utm_campaign=mrf-twitter-NZZ&mrfcid=20260226699bfcf444c4e21fcfd7cf29
In Bergamo unterliegt der BVB mit 1:4. Nicht nur der Schweizer Nationalgoalie enttäuscht. https://www.nzz.ch/sport/play-off-rueckspiele-real-gegen-benfica-erst-nach-21-uhr-match-machen-ld.1926691?utm_campaign=mrf-twitter-NZZ&mrfcid=20260226699bfcf444c4e21fcfd7cf28
R to @rosenbusch_: https://rsw.beck.de/aktuell/daily/meldung/detail/bverfg-1bvr58124-1bvr98625-meinungsfreiheit-beleidigung-bverfg-sinnermittlung-abwaegung
http://t.me/Rosenbusch
„Das BVerfG hat zwei Entscheidungen aufgehoben, in denen Gerichte Äußerungen als Beleidigungen bewertet hatten. Der Erste Senat monierte eine mangelnde Abwägung zwischen Meinungsfreiheit und Persönlichkeitsrecht.“
(…)
„Im ersten Verfahren hatte ein Vater im Jahr 2021 mit dem Schulleiter des Gymnasiums seines Sohns über Corona-Schutzmaßnahmen korrespondiert. Der Schriftverkehr hatte sich ab Juni 2021 zugespitzt, als der Vater die geltenden Regelungen kritisiert und insbesondere den Ausschluss seines Sohnes vom Präsenzunterricht beanstandet hatte. In einer E-Mail vom 20. Juli 2021 hatte er erklärt, er werde sich dafür einsetzen, "dass Amtsträger, die sich diesen faschistoiden Anordnungen nicht wie in § 36 Beamtenstatusgesetz fordert widersetzt, sondern diese unterstützt haben persönlich zur Rechenschaft gezogen werden". In einer weiteren Mail vom 14. September führte der Mann aus, dass sich sein Sohn einem "faschistischen System und dessen Handlangern" nicht beugen werde.“
Dann kann die WP-Technologie ihre Überlegenheit doch am Markt ohne Subventionen und Verbote anderer Technologien leicht ausspielen. Warum dann gerade das Drama bei den Grünen?
Als ich studierte, war Lawrence Summers der aufstrebende Stern unter den jungen VWL-Professoren. Dann US-Finanzminister. Regierungsberater. Harvardpräsident. Jetzt ist seine Professur wegen Epstein weg, der Stern verglüht.
https://www.welt.de/politik/ausland/article699f57e3ceb24769b7b0704c/larry-summers-ex-us-finanzminister-und-harvard-praesident-tritt-wegen-epstein-verbindungen-zurueck.html
The Deputy Speaker of the Iranian Parliament: “We tried to develop nuclear weapons, but couldn't keep it secret.”
The Islamic Republic is openly saying that they’re trying to develop nuclear weapons.
They’re literally saying it out loud.
🔴 NIUS-Moderator Norbert Dobeleit begrüßt NIUS-Chefredakteur Julian Reichelt @jreichelt, NIUS-Reporter Alexander Kissler @DrKissler
und FDP-Legende Wolfgang Kubicki @KubickiWo. 👉 Einschalten und weitersagen! https://x.com/i/broadcasts/1aKbdbdPMakJX
Every AI coding tool on earth generates Python and JavaScript instead of binary. That fact alone tells you everything about where we actually are.
Generating working binary requires solving all of these problems simultaneously in a single forward pass: CPU architecture selection (x86, ARM, RISC-V all need different instruction sets), register allocation (deciding which of 16-32 physical registers holds which value at every cycle), memory layout (stack frames, heap allocation, pointer arithmetic, alignment), system call interfaces (every OS exposes different kernel APIs), linking (resolving symbols across shared libraries at specific memory addresses), and optimization passes that current compilers handle through 50+ sequential transformation stages.
GCC’s optimization pipeline alone runs over 200 distinct passes on your code before producing a binary. Each pass depends on the output of the previous one. An AI generating binary directly would need to internalize all 200 passes as a single learned function.
For context, look at the bottom of this tweet. Researchers just published a paper on a 491-parameter transformer they trained to do 10-digit addition. A survey of 180 public LLMs found only 7% can reliably add numbers. The task being described here is to addition what landing on Mars is to a paper airplane.
Claude Code, Codex, Cursor, and every tool that actually ships production software generates human-readable code. Python and JavaScript aren’t the bottleneck. They’re the interface that lets humans verify what the AI built, debug when it breaks, audit for security vulnerabilities, and iterate when requirements change.
The compile step takes milliseconds. The part that takes hours is figuring out what the software should actually do, handling edge cases, and making sure it doesn’t break in production. High-level languages compress that problem into something a human and an AI can reason about together.
Skipping the human-readable layer doesn’t remove complexity. It hides it. And hidden complexity in software is how you get systems that work in demos and explode in production.
Die wertvollste Firma der Welt wächst weiterhin in unglaublich hohem Tempo. Die Konkurrenten werden zwar stärker, aber vorerst führt an Nvidia kein Weg vorbei. https://www.nzz.ch/wirtschaft/nvidia-profitiert-weiter-enorm-von-der-ki-revolution-und-beruhigt-nervoese-anleger-ld.1926603?utm_campaign=mrf-twitter-NZZ&mrfcid=20260226699bfcf444c4e21fcfd7cf27
@Jikkyleaks this may be of interest to you. They discuss the vaccine injury program around 40 minutes in. Also, this neurologist gives a vivid description of the methods used to deter physicians from reporting vaccine injuries and deaths to VAERS.
In Israel wollen rechtsradikale Kräfte die Todesstrafe gegen palästinensische Terroristen einführen. Die gegenwärtige Debatte rührt an die Fundamente rechtsstaatlicher Prinzipien und ist eine weitere Zerreissprobe für die israelische Gesellschaft. https://www.nzz.ch/international/neues-gesetz-in-israel-debatte-um-todesstrafe-spaltet-das-land-ld.1914399?utm_campaign=mrf-twitter-NZZ&mrfcid=20260226699bfcf444c4e21fcfd7cf26
Mein Gott, ist das peinlich.
Nicely “triggering” for many, I see.
Ask Helen the vaccinologist from NZ about the harm it caused.
https://x.com/karrichapus/status/1853940415860539811?s=46&t=khM7eC8LT4sb-G4Prj1Haw
Covid Myocarditis.
They said it was worse than the solution.
But the truth was revealed by Dr. Matthew Shelton and Dr Alison Goodwin at the NZ Royal Commission.
They couldn't find a SINGLE case of covid Myocarditis in the WHOLE OF NEW ZEALAND.
They found 900+ cases of mRNA Myocarditis
The governments own data.
Dr Alison Goodwin: "We were told that Myocarditis was more severe... so I asked the Ministry of health... they couldn't provide me with a single case, and yet there were 900+ cases of Myo and pericarditis on the Cam "safety report 46" by November 2022"
Sein Name: Punch. Sein bester Freund: ein Ikea-Kuscheltier. Die Aufregung um den süssen Makaken im Ichikawa City Zoo, der Anschluss sucht, sagt viel über uns aus. https://www.nzz.ch/panorama/der-neue-knut-warum-sich-gerade-millionen-menschen-mit-einem-japanischen-affen-solidarisieren-ld.1926492?utm_campaign=mrf-twitter-NZZ&mrfcid=20260226699bfcf444c4e21fcfd7cf25
“I wasn’t expecting that. very special. He’s a class act. Cares about his teammates, cares about his country. His team.”
Tage Thompson on Jack Hughes pulling him in to share the standing ovation 👏
Die Schaffhauser Traditionsfirma kämpft mit Doppelspurigkeiten. Zudem entwickelt sich das neue Kerngeschäft mit Röhren für den Wassertransport flau. Anleger sind enttäuscht. https://www.nzz.ch/wirtschaft/georg-fischer-der-industriekonzern-streicht-600-bueroarbeitsplaetze-ld.1926508?utm_campaign=mrf-twitter-NZZ&mrfcid=20260226699bfcf444c4e21fcfd7cf24
What's amazing is some of these people are prominent academics, and yet they still behave like that.
A Bloomberg Terminal costs $24,000 a year. Someone just recreated one using Perplexity Computer for $200 a month.
Bloomberg's moat was never the data, that's increasingly commoditized. It was the interface: thousands of keyboard shortcuts, proprietary screens, and muscle memory that finance professionals spent years learning. The switching cost wasn't price, it was retraining.
AI agents collapse that moat. If Computer can replicate the interface and pull equivalent data from public sources, the only remaining lock-in is the chat network and real-time feeds. One is a social product. The other is a licensing negotiation.
Bloomberg did $12.6 billion in revenue last year selling terminals. The first credible open-source alternative just got built in an afternoon.
Pickelharter Franken, Trump-Zölle, Crans-Montana – alles prallt an der Tourismusbranche ab. Sie wächst trotz Krisenstimmung. Die Region Zürich profitiert überdurchschnittlich. https://www.nzz.ch/wirtschaft/trotz-trump-und-starkem-franken-schweiz-tourismus-vermeldet-rekordjahr-ld.1926510?utm_campaign=mrf-twitter-NZZ&mrfcid=20260226699bfcf444c4e21fcfd7cf23
This isn't getting coverage in the media but the gun person who allegedly fired upon and tried to kill a Border Patrol agent in New Hampshire is trans. This is the third trans sh—ting this month. "Blu Daly" is the trans name for Cullan Zeke Daly.
The attack is eerily similar to the neighboring Vermont deadly shooting attack on a Border Patrol agent last year by trans suspect Teresa Youngblut. https://thepostmillennial.com/andy-ngo-reports-trans-terror-trans-duo-revealed-as-suspects-in-killing-of-a-vermont-border-patrol-officer?utm_campaign=64470
Die Stadt Zürich will aus dem grössten Kinosaal ein Eventlokal machen. Nun formiert sich Widerstand. https://www.nzz.ch/zuerich/ein-kino-mit-hollywood-flair-haben-wir-sonst-keines-in-der-stadt-wie-filmschaffende-und-politiker-das-corso-retten-wollen-ld.1926504?utm_campaign=mrf-twitter-NZZ&mrfcid=20260226699bfcf444c4e21fcfd7cf22
🔥 Attorney Rick Jaffe just became the first to sue the American Academy of Pediatrics for violating the First Amendment.
“The AAP is a private trade organization.”
“But under federal law… if a private organization takes on a government function, then that private organization becomes subject to federal law and First Amendment violation.”
“We now have a 1983 civil rights claim against them because of that aspect.”
“So one of the ways we sued AAP… for better or worse, they’re now the government, and they can be sued as the government under this Brentwood theory.”
“I’m the first guy to file a lawsuit against the AAP for acting as a government agency.”
@VacSafety @JaffeRick
For all interested in supporting high quality independent research⏬️⏬️
🦔 Nvidia reported record Q4 revenue of $68.1 billion, up 73% from a year ago. Data Center revenue hit $62.3 billion. Full year revenue was $215.9 billion, up 65%. Net income for the quarter was $43 billion with gross margins at 75%.
The company guided Q1 revenue to $78 billion, above expectations. Jensen Huang announced the Rubin platform promising 10x reduction in inference token cost compared to Blackwell. Meta signed a multiyear partnership for millions of Blackwell and Rubin GPUs. Nvidia also invested $13 billion in Groq and expanded partnerships with AWS, CoreWeave, and Anthropic.
Despite beating on everything, the stock gave back its after-hours gains.
My Take
The headline numbers are incredible but a few things in the balance sheet caught my attention. Inventory more than doubled from $10 billion to $21.4 billion. Accounts receivable jumped 67% to $38.5 billion. Goodwill quadrupled to $20.8 billion from acquisitions. And they poured $17.5 billion into private equity investments including $13 billion into Groq.
None of this is necessarily bad when you're growing this fast. But inventory and receivables growing alongside revenue means more capital tied up in chips that depreciate quickly and more money owed by customers who are themselves burning cash on AI infrastructure. If demand slows, that inventory becomes digital lettuce overnight. The goodwill is now large enough that a sentiment shift could mean material writedowns. Nvidia is winning so completely that the market is already pricing in perfection and looking for cracks. Printing $43 billion quarters while the stock can't hold a rally shows just how much future growth is already baked in.
Hedgie🤗
All I said was three little words...
"Randomised controlled trial".
The trolls are having a meltdown.
#MeaslesGate
The guy on the right is not.
Das ist ein Armutszeugnis für die Musikstadt Wien. https://www.nzz.ch/feuilleton/armutszeugnis-fuer-die-musikstadt-wien-spart-bei-der-hochkultur-ld.1926357?utm_campaign=mrf-twitter-NZZ&mrfcid=20260226699bfcf444c4e21fcfd7cf21
Did anyone say "loss of smell"?
https://x.com/HankRearden2023/status/2026830486350475426
In 2018, "Epstein" chats about an "olfactory weapon". In 2015 discusses "Most of the influenza deaths are caused by the olfactory nerve entry of the virus into the central nervous system" with Goff Hill Ltd. Now, olfactory geneticist Axel resigned🤫:
https://www.justice.gov/epstein/files/DataSet%209/EFTA00708569.pdf
Bitcoin pumps +5% after a -50% drawdown
Me:
Blitshteyn's still begging for GLP handouts
"first case in scientific literature" it's a flipping letter to the editor, an anecdote dressed up in citation laundering (many her own).
Sooo many conflicts & red flags here, the biggest one being the main author herself. As usual.
Eine Kuh nutzt Werkzeuge und zeigt: Wir Menschen unterschätzen die Intelligenz von Tieren. Wir sollten aufhören, uns in die Tasche zu lügen. Und unseren Umgang mit Tieren überdenken. https://www.nzz.ch/meinung/von-wegen-bloedes-rindviech-oder-dumme-gans-tiere-stehen-uns-sehr-viel-naeher-als-wir-wahrhaben-wollen-ld.1924466?utm_campaign=mrf-twitter-NZZ&mrfcid=20260226699bfcf444c4e21fcfd7cf20
Dr. Means didn’t finish her residency and thereby abandoned her established patients and didn’t complete training. Also, she let her license go inactive, so these are disqualifying factors. Although she may have good ideas, she has proven that she can’t follow through. @SecKennedy @RobertKennedyJr @realDonaldTrump
NEWS: Inside the White House debate over Iran, where some advisers believe the politics are “a lot better” if Israel strikes first, potentially reshaping how Americans see U.S. involvement.
Story w/ @nahaltoosi
https://www.politico.com/news/2026/02/25/white-house-politics-israel-strikes-iran-00799456