What is this? Main RH account over 6 figures - request 250 GEMI get 1 share Fun RH account 4 figures - request 10 GEMI get 10 shares

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Is this main street recession in the room with us right now? Consumer sentiment has been shit for years, saying the consumer will cut spending and the end is near.  Yet consumer spending remains strong.

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Even people of the cryptosphere still think it's price driven only by its mining operation, that's a good indicator of how early it is. Mining will be an additional source of financing, but no more it's main cash flow source.

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Teslas main product is selling very good today

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Bull.markets during main street recessions have become normal.

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I think the main threat is still going to be in inflation. .4% m/m means we’re on track to see an annual increase of 4.8%, and any lowering of the rate will only increase that.

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This is only thing you need to know. People sitting out will pay a silent tax. The job market is weakening and the FED has high levels interest rate to cut from. They have also being doing QT the last 3 years, so they got plenty of room for doing QE. The main threat is whether the FED is acting too late with rate cuts to deal with the weakening job market. In that case we will see a recession.

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Exactly - I was all for holding rates as well but it hurts to see people without jobs right now, especially young kids Best to cut by 50 right now, open up risk taking ventures that hire Inflation will obviously go up, but there’s no real alternative right now We low key (high key) fucked up during covid by printing too much and closing the economy Also, tariff rates were stupid - we’re the reserve currency for a reason We need more balanced people taking decisions in both parties - kinda done with the all or nothing extremist policies on both ends Idk man, need a strong guy at the presidency again coz Main Street is low key bleeding rn

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The thought that rate cuts are bullish is the main issue here

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That is a totally valid argument. However, I don't really see economies of scale (which I imagine is the main way of price reduction) hitting GPUaaS data centers any time soon, at least in the medium-term. The main reason for this is because of very very high revenue backlog. If MSFT was able to use their own data centers and not have to buy compute from CRWV or NBIS they absolutely would since it's cheaper. But there is so much demand it spills off to these smaller players. Another way economies of scale could be reached would be through a singular player attempting to consolidate the market via M&A. Right, the market is very fragmented - you are seeing these companies pop up out of nowhere. As long as this market stays fragmented, you aren't really going to have one player with significantly cheaper prices than the other. And even if one player has significantly cheaper prices, there is so much demand that MSFT or whoever will pay the extra premium to get their hands on more compute. So why will this market remain fragmented? None of these new data center companies have the cashflow to acquire another. They are spending their money on CapEx not M&A. And why don't AWS or Google or MSFT just buy these data centers? I don't have the answer to this, I imagine they could be risk-averse on AI and it makes more strategic sense to let others cough up the CapEx and they only pay for the compute, but also they are spending record amounts on CapEx so I'm not sure. There is also very little precedent to postulate that they will lead a consolidation - the only transaction I can find is the AWS acquisiton of Talen's data center campus. By large, they build their own data centers. Maybe, I was just rambling. Let me know your thoughts as this is an interesting perspective to think about.

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