Justin Waite

If you are going on holiday and looking for a cracking book to read by the pool, I’ve got the perfect suggestion 😉 My book has just hit 152 (4.9*) reviews on Amazon alone. Buying the book also gets you 25% off The SharePickers Investment Club 👇 sharepickers.com/how-to-beco…

Labour Are Slowly Killing The Economy and (the worrying part) They Do Not Realise It [podcast] audioboom.com/posts/8971690-…

The Semi Conductor Index is -20% this month, -8% today. Also... Silver -6% Gold -3% NASDAQ -3% Russell 2000 -3% S&P 500 -2% Copper -2% S&P 500 -1.83%

A Hampshire couple have been fined £600 and ordered to pay a further £6,000 in costs for allowing their 14-year-old son to work on the family's mobile food trailer. Dexter, their son, enjoys it and has a passion for it. That’s typical of the laws in this country. Encourage the work shy and penalise the hard working. As if the stress on this family weren’t enough the family said they were tackling the dispute with the council while supporting eldest son Oskar, 17, while he received treatment for blood cancer. @darrenpaffey @laboursatvir @carolinenokes Parents fined for employing teen son in food trailer bbc.co.uk/news/articles/c8vg…

Helen Miller, director of the Institute for Fiscal Studies (IFS), described the UK'S outlook as "depressing," warning that the 2020s are tracking to be the worst decade for household income growth on record. Household income growth is the primary engine of UK economic expansion, directly fuelling consumer spending, which accounts for approximately 60% of total UK gross domestic product (GDP).

Alphabet currently stands as Berkshire Hathaway's third-largest U.S. public equity holding. Warren Buffett, even though he stepped down, he would have a say in these big deals. They recently invested $10bn at around $350 a share. $GOOG

The AI Sell-Off Isn’t Over: Watch For The Canary In The Coal Mine - podcast. audioboom.com/posts/8968714-… A severe structural timeline mismatch is emerging between ordering chips (under one year), building warehouse shells (two years), and securing high-voltage power connections from utilities (5 to 10 years). Because AI processors rapidly depreciate within three to four years, idle capacity burns massive capital. Hyperscalers such as Meta, Alphabet, Amazon, and Oracle are turning free cash flow negative as capex outpaces operating cash flow, turning to expensive debt issuance. The canary in the coal mine sits with over-leveraged neo-clouds stockpiling GPUs and hardware makers vulnerable to sudden order pullbacks.

Brent Crude Oil Futures at $117. The third highest price paid this year. Rumours of renewed offensive against Iran is one of the reasons also lower global oil reserves and China hoarding stocks.

These are the companies laying off people citing AI for the reason and the amount of people they are making redundant. Most of lay offs have happened or will happen this year. I don’t think this is the end of it. Dell Technologies~23,500 Oracle~21,000 Citigroup~20,000 HSBC~20,000 Amazon~16,000 SAP~8,000 – 10,000 Meta~8,000 Barclays~5,000 Microsoft~4,800 Block (Square / Cash App)~4,000 Standard Chartered~2,500 – 3,000 IBM~2,000 Intuit~1,800 Atlassian~1,600 C.H. Robinson~1,400 Recruit Holdings (Indeed / Glassdoor)~1,300 Proximus~1,200 Cloudflare~1,100 Autodesk~1,000 Ocado~1,000 Snap~1,000 Wix~1,000 ERGO (Munich Re)~1,000 ING Group~1,000 Approximate Total~149,200 – 151,700

This is the spread between French and German Bonds. It's blowing out. Normally this spread is between 0.5% - 0.8%. It's now shot up to 1.7%. This is a parabolic repricing of French sovereign credit risk. This crisis / intervention zone.

Brent Crude Oil Futures hit $112, now up with the highs of May.

France’s Bond Yields have gone up by 150 bps since the start of the year and 485 bps since 2022. France’s annual debt interest payment is approaching €65 billion. If debt interest payments were a government department it would be the most expensive apart from National Education but it’s close to becoming the most expensive department. Their debt to GDP is now 116% way above the euro area average of 88% and far beyond the Maastricht target of 60%. The 1992 Maastricht Treaty set out economic and fiscal benchmarks designed to ensure economic stability and discipline among European Union member states.

John Healey has reportedly drawn up plans for a tax raid on family businesses ahead of his first Budget. If this is true, it’s just another example of Labour punishing some of the hardest workers in the UK to fund the ballooning welfare bill. This is basically taxing the most productive parts of the economy to fund the most inefficient. It’s another policy that weakens the UK's economy. It’s a tax on growth and undermines entrepreneurial motivation. If they do this, they will get trounced at the next general election in favour of any party that recognises and rewards hard work @JohnHealey_MP @andyburnham

Corero Network Solutions #CNS up 65% since it released its trading update which was ahead of expectations on 9th September.

Intercede #IGP momentum has continued since previous post (below) - 2026 high at 141p.

Why an AI Market Crash Is Actually the Best-Case Scenario audioboom.com/posts/8965984-…

Brent Crude Oil Futures highest they've been since May. NASDAQ down -2.3% S&P 500 down -1.3%