Mag 7 Tech Stocks Beating, Insane AI Debt Levels, Castles and Tiki Bar Maps, Last Week for 100k Chase Sapphire Preferred

Another TBB post featuring the most eclectic links around the web such as Mag 7 tech stocks beating, insane AI debt levels, castles and Tiki bar maps, last week for 100k Chase Sapphire Preferred card offer, bubble talk, unknown risks, circus barker attention economy, AI influencing sales of crap, religious fundamentalists are dangerous, why ambulance rides are so expensive, tourism winners and losers, already missing the World Cup, the best photography and Thailand links and of course always all of the most important developments in the crazy world of frequent flyer miles and points at the lower half of the post. And much more. Enjoy the weekend.

 

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This blog started way back in 2012 focusing on my crazy hobby addiction of traveling with frequent flyer miles, hotel and bank points. It has since evolved to curated posts featuring the best web content along with my commentary.

 

BLOG HOUSEKEEPING

This is truly a one man labor of love operation, enjoy it while it lasts.

 

QUOTE OF THE WEEK

 

“He who is of a calm and happy nature, will hardly feel the pressure of age” – Plato

 

MUST READ GEMS 

As a World Cup fan since 1978 I am already missing it. And this fantastic article has put it all together why this World Cup was special:

29 Reasons We Loved the 2026 World Cup

 

 

PERSONAL FINANCE

Great read by Sam Ro at TKer: Known worries and unknown unknowns.

Never forget that there will always be something to worry about. It’s an inescapable reality of investing in the stock market…it’s a positive for investors that there are many things the market is actively worried about. It keeps the market in check and less vulnerable to stomach-churning price swings.

On the other hand, the most destabilizing risks are the ones people aren’t talking about. The unknown unknowns…Unfortunately, there’s not much you can do about these unknown unknowns. There’s no knowing what’s coming and when they’ll emerge (unless you’ve got some inside information). There’s also the possibility they’ll never emerge. The best we can do is understand that sometimes, things will come out of nowhere and send shockwaves through the markets. And given a little time, these things become another one of those more manageable risks that surface on many surveys for months. The good news is that the stock market has a long history of recovering from unexpected shock events, which means any drop in prices has proven to be a buying opportunity for long-term investors.

I think we in the wealth management industry are being asked this question the most: Overvalued, Bubble or Revolution? I guess time will answer this as it always does. In the meantime, we can confidently say that if you consider the US stock market over concentrated in less than 10 tech stocks, you have not seen how concentrated other countries’ stock markets are, ours is not even remotely close. In addition, the other certainty is that the current conditions definitely do NOT even come remotely close to the bubble of the dot com era. Yeah, I was there and that was even beyond insane.

Oh wait, the above was posted before yesterday’s tech wipeout: Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks.

Talking about bubbles, it looks like the one in South Korea already burst. With permanent scars of wannabe “investors” traders losing and, just like hopeless crack addicts, going to return to win it all back, yikes: ‘I couldn’t breathe’: South Korea’s frenzied stock trading exposes margin loan risks.

Lee Seung-ho watched the nearly 300 million won ($202,515) stock trading fortune he built with ‌a 500% margin loan evaporate in just four weeks in May, but he plans to borrow again and return to the market the moment he has enough capital. The 24-year-old South Korean university student in Seoul briefly turned the 20 million won he saved during mandatory military service into a 15-fold windfall, all by tapping a “tiny circle button” on his trading app that instantly unlocked five-times leverage. [Bold font for emphasis…leverage kills!]

 

 

TECH/SCAMS/CRYPTO

Not sure this belongs in this section but it is my blog and don’t have any sponsors or ads so I can do whatever I want. So, I am adding it here because I can. Very interesting article: The Circus Barker Economy. I have been saying for a while we are living in crazy times with so many loud charlatans polluting our eyes and ears non stop 24/7 365. And they hawk all of the attention. At the same time, whatever they pump is still bullshit and they eventually and thankfully do crash out of our lives. And it is sweet justice when it happens.

Today, the greatest power in America rests with those whose strident tone is now paired with absolute ridiculousness.  Put simply, what is now on offer is truly beyond belief.  Moreover, it is in everything that matters: American culture, politics, and finance.  Our Attention Economy has been taken to its extreme.  People are shouting nonsense and no one even blinks. But that doesn’t mean it isn’t nonsense.  Think Adam Neumann, Trevor Milton, Sam Bankman-Fried.  Their stories were always nonsense.  And the same was true of Michael Saylor.  Circus barkers always yell whatever they have to draw a crowd.  When the goal is attention – especially when paired with the loyalty, money, and power that now comes with it – truthfulness doesn’t enter the equation. If there is fragility in the markets (and in America more broadly) today, it is the growing likelihood that history rhymes – that the remaining circus barkers ultimately experience the same fate as those who went before them. Moreover, that history rhymes and they experience the same fate at the same time. 

The grift is coming from the top and we don’t even blink at this shit anymore smh: Why Wall Street Firms Are Paying $100,000 a Month for a Fast Track to Trump Posts.

The new “Truth API” product from Trump Media & Technology will let firms pay for an even faster readout of the president’s posts. The company plans to charge $100,000 a month, or $60,000 a month if traders commit for years…

 

AI

If you have found yourself scrolling on Instagram clicking on some “expert” convincingly selling you something, you know, have you considered that it is most likely all BS and this person does not even exist? Meet All The Middle Aged Women Who Don’t ExistThey’re all gorgeous. They’re all “57.” And they’re all selling you NMN. Yikes!

This isn’t just aspirational marketing. It’s manufactured identity. Isabelle is not a woman with great genes. She is not a woman with incredible discipline. She is not a woman at all. She is a carefully engineered marketing avatar, designed to trigger the exact insecurities women in their fifties are already struggling with…then conveniently offer the solution. That’s not influencer marketing. That’s a grift. [Been calling this shit out for years here, please follow me on Instagram LOL]

Also, you know what they say about crises and bubbles bursting, right? It’s because of the debt. Oh, this (found HERE):

The year of AI debt.

 

 

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3 Comments

  1. Again the thing-ee right above says there are two comments but I only see one from DML. Very odd. Thanks again for another great collection of reading! This will fill a fair amount of time over the next couple days! The kitchen does look excellent!

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