Simultaneously fearful of and excited for the future. You can also find me at https://nitter.cf/t.co/l3q5A8pjrI
London, England
Joined July 2009
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Huw Ringer retweeted
“A wealthy businessman who launched a campaign to get New Zealanders to split their vote says he is under investigation for breaking electoral rules”
stuff.co.nz/nz-news/36105271…
Huw Ringer retweeted
BREAKING: Ukraine has just struck Russia's Novokuibyshevsk oil refinery, and set it ablaze this morning with black smoke rising several kilometres.
It is the first Ukrainian strike on Russian oil infrastructure in nearly 2 weeks, after the St. Petersburg oil port on October 18.
Russia's Rosneft said it has stopped repairing most of its oil refineries because the strikes made the damage cycle too expensive to sustain.
Huw Ringer retweeted
NZ's rollback of climate policies 'staggering' - Climate Action Tracker-
'Luxon and his Government have chosen to shred climate action and protect polluters' profits, knowing that costs New Zealanders.
rnz.co.nz/news/environment_c…
Huw Ringer retweeted
JUST IN: The code that drained Polymarket accounts on 29th October was set to skip any account worth under $10, per Hudson Rock's read of the script. The drainer in June's Polymarket theft skipped anything under $100,000, per Source Defense.
The 2 thefts took about the same money. June took about $3.1 million from 11 wallets, per AMLBot. October took $2.73 million from 737 accounts in 1 hour, per Bitquery. The median account lost $171.
The October code ran inside DebugBear's page-speed monitor and reused the trading session each user already had open. Hudson Rock found no code that sends out a password, seed phrase or private key. Polymarket's own site build carries the note 'remove debugbear rum script'.
Polymarket says anyone hit 'will be made whole'. 38 minutes after it said the issue was fixed, 1 more account lost $10.99, per Bitquery.
Huw Ringer retweeted
Landlord $1.8 trillion debt apocalypse 💥
Fannie and Freddie’s delinquency rates are soaring past the GFC peak as landlords get squeezed:
Huw Ringer retweeted
(WSJ) - Hackers appeared to have plundered at least $1.7 billion Thursday from Binance in what would be the largest-ever cryptocurrency heist.
@WSJ
wsj.com/finance/currencies/b…
Huw Ringer retweeted
If this is true, if the president plans to restart the war against Iran after the midterm elections, it is 100% an impeachable offense if it is not preceded by a direct authorization from Congress, or a congressional declaration of war against Iran.
Of course, President Trump has already done that twice, so he is already at grave risk of impeachment, with or without a Democratic majority in the House and Senate after next Tuesday’s election.
But I can categorically state that militarily, there is no chance that a renewed conflict could achieve any positive outcome for the United States, and almost certainly would lead to our devastation financially, militarily, and diplomatically.
President Trump will richly deserve impeachment and removal from office if he condemns us to this course of action.
Huw Ringer retweeted
🇮🇱 Clashes are breaking out in Israel between Orthodox Jews and Zionist authorities.
Scenes many people never expected to see.
Religious Jews protesting against Israel that claims to speak in their name.
Judaism and Zionism are not the same.
Huw Ringer retweeted
Another successful fix ⏤ after 49 years and 16 billion miles! 🔧
Engineers recently turned off devices on Voyager 1 and substituted them with lower-power alternatives. Nicknamed the “Big Bang,” the energy-saving effort will allow the remaining instruments to operate longer. ½
ALT In a photo from the 1970s, engineers gather around one of the Voyager spacecraft before it was launched.
Huw Ringer retweeted
And BTW £650 Billion of government bonds bought by the government themselves under QE are held as a financial assets in bank reserves whilst paying 3.75% to the commercial banks just for holding them - currently paying banks £24 Billion a year for doing absolutely nothing! 🤯
In other words, this is saying that £2.3 Trillion of the government’s so called £3 Trillion debt has ended up as long term private sector savings and converted into government bonds. That conversation from simply being “savings” into a bond is what is incorrectly referred to as “borrowing”… it’s not borrowing it’s an investment by private investors!
Huw Ringer retweeted
🦔Amazon’s cloud business, AWS, grew 39% last quarter. That’s its fastest growth in years. Earnings missed though. Amazon made $1.89 a share and Wall Street expected about $2. In those same three months it spent $77.3 billion on data centers and equipment, up from $35 billion a year ago.
My Take
I don’t like where Amazon’s cash is going. Over the last 12 months it spent $42 billion more than it brought in, and it has borrowed about $115 billion this year to cover the difference. Jassy says AWS will grow over 40% in each of the next two years, and that’s how he justifies all of it. I’m not so sure. Microsoft and Google pitch investors the same story to defend the same kind of spending (Google borrowed too), and I think at least one of them ends up with way more data centers than customers. I just don’t know which one yet.
Hedgie🤗
Huw Ringer retweeted
BREAKING: The U.S. Army announced that is now training soldiers in North Carolina to dig mass battlefield graves for American troops for the first time in decades, rehearsing how to handle mass casualties as Trump's war on Iran is near. The Army says it hasn't needed to do this on a large scale since the Korean War.
Huw Ringer retweeted
Putin joins the First Lady in celebrating the Oleshky truce by slaughtering 14 unsuspecting civilians who were just waiting for their train in Dnipro today. rferl.org/a/oleshky-ukraine-…
THE CEASEFIRE HAS COMMENCED
The ceasefire between Ukraine and Russia took effect at 4:00am Moscow time on October 27, 2026.
Timing was accelerated two days ahead of schedule to protect the safety of civilians and to facilitate the delivery of critical humanitarian aid. The ceasefire’s geographic area has expanded beyond Oleshky, within the Kherson Region, to provide safe passage for the humanitarian convoys.
General Valery Gerasimov, Joint Chief of the General Staff of the Russian Armed Forces has confirmed.
Huw Ringer retweeted
Later in the segment Mike Wilson explains why he believes the Federal Reserve will increase liquidity into year end.
His thesis is there simply isn't enough liquidity to cover the debts of the AI buildout & the global bond market.
This is the 2026 / 2027 debt wall that myself, @jam_croissant and others have warned is coming.
Now here is what's really interesting...
In 1929, they faced a similar situation. Private credit fueling the stock market was out of control and the Federal Reserve purposely kept interest rates high + money supply tight because they "feared a return of inflation.
Everyone is assuming the Federal Reserve will bail out the system, yet they knew this debt wall was coming and installed a hawk Kevin Warsh at the Federal Reserve anyways.
Back to 1929...
When the first flash crash of -40% hit in October of 1929, the Fed didn't provide liquidity to save the market, they just lowered rates.
The market recovered roughly 80% for 6 months before rolling over in 1930 in a prolonged downturn to 1932.
The Federal Reserve "still feared inflation" (at least that was the narrative they used), so they allowed the money supply to contract by 30% into the 1932 bottom.
This sounds exactly like what is happening right now. Kevin Warsh fears inflation, he's letting the bond market do the work for him, and he isn't responding to the wishes of the administration.
If you want to trigger a global reset so you can deploy stablecoins and retire the unsustainable debt, this is how you would do it.
Food for thought.
Huw Ringer retweeted
Australian govt giving US, Israel military and corporations 'override' on Aussie law...
skwawkbox.org/2026/10/29/aus…
