11/05/2025
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Abrupt Sentiment Shift Rocks Gen Z: Restaurants Warn Of Spending Drop As
Student Loan “Default Cliff” Arrives
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The Trump administration faces a worsening macroeconomic backdrop for younger,
lower- and middle-income consumers, burdened by student debt, costly auto
loans, high apartment rents, and depleted savings amid a persistently high
interest rate environment. Early signs of financial strain emerged at the tail
end of the summer, outlined in our note: We’ve been tracking this […]
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How Long Does US Depositors’ Nerve Hold?
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Authored by Tuomas Malinen via GnS Economics Newsletter, I am returning to
work slowly and will start with an update to the Bank Run Warning we issued on
Friday. Not a single financial institution sought funding through the SRF today
(Wednesday), but this does not lead me to conclude that the risk of a banking
crisis in the […]
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Supreme Court Hears Oral Argument in Trump’s Tariff Case
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A livestreamed reaction to the oral arguments in Learning Resources Inc. v.
Trump. Source link
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Apple Taps Rival Google’s 1.2-Trillion-Parameter AI Model To Power Siri
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Remember when the iPhone 16 launched in September 2024 and Apple promised
“Apple Intelligence” features, such as an AI-powered Siri upgrade capable of
handling autonomous tasks, that never fully materialized. For now, Apple will
integrate Google’s 1.2 trillion-parameter Gemini model to overhaul Siri, the
most alarming sign yet that Tim Cook has to rely on outside AI technology. […]
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When Debt Meets Diamond Hands
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Submitted by QTR’s Fringe Finance These lessons go for pretty much any asset
class, but where I’ve noticed the largest concentration of inane theories,
economic non-sequiturs and general outright confusion is among the most
hubris-laden speculators in the market, the Bitcoin crowd. I own some Bitcoin
and would love it just as much as the next guy […]
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