# ![@biancoresearch Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::188369814.png) @biancoresearch Jim Bianco

Jim Bianco has been discussing stress in the funding markets, specifically the repo market, which is experiencing a surge in demand and a decline in supply, leading to rising rates. He notes that this stress is driven by massive government spending and deficits, which need to be financed, and that the Fed's balance sheet shrinkage has contributed to the issue. The situation may require the Fed to take action, such as restarting quantitative easing.

### Engagements: [-----] [#](/creator/twitter::188369814/interactions)
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### Social Influence

**Social category influence**
[finance](/list/finance)  45.6% [cryptocurrencies](/list/cryptocurrencies)  20.33% [stocks](/list/stocks)  9.89% [countries](/list/countries)  3.85% [technology brands](/list/technology-brands)  2.75% [financial services](/list/financial-services)  1.1% [exchanges](/list/exchanges)  1.1% [social networks](/list/social-networks)  1.1% [events](/list/events)  0.55% [celebrities](/list/celebrities)  0.55%

**Social topic influence**
[$btc](/topic/$btc) #943, [fed](/topic/fed) 10.99%, [bitcoin](/topic/bitcoin) #3547, [inflation](/topic/inflation) 6.59%, [rates](/topic/rates) 5.49%, [money](/topic/money) 4.95%, [stocks](/topic/stocks) #2745, [crypto](/topic/crypto) #5042, [federal reserve](/topic/federal-reserve) 4.95%, [silver](/topic/silver) 4.4%

**Top accounts mentioned or mentioned by**
[@ericbalchunas](/creator/undefined) [@bankless](/creator/undefined) [@mikeschiemer](/creator/undefined) [@cryptohayes](/creator/undefined) [@stockgutter](/creator/undefined) [@truflation](/creator/undefined) [@edodreaming](/creator/undefined) [@erikstownsend](/creator/undefined) [@nicktimiraos](/creator/undefined) [@swinggorilla](/creator/undefined) [@readtheticker](/creator/undefined) [@davelevine0com](/creator/undefined) [@bboygaf](/creator/undefined) [@chickendaddy5](/creator/undefined) [@willohara131](/creator/undefined) [@piptrain](/creator/undefined) [@rinsana](/creator/undefined) [@tonitrades_](/creator/undefined) [@teddy21btc](/creator/undefined) [@khazarmafia109](/creator/undefined)

**Top assets mentioned**
[Bitcoin (BTC)](/topic/$btc) [Strategy (MSTR)](/topic/$mstr) [iShares BTC Trust (IBIT)](/topic/$ibit) [BTCS Inc. (BTCS)](/topic/$btcs) [Metlife Inc (MET)](/topic/metlife) [Morgan Stanley (MS)](/topic/morgan-stanley)
### Top Social Posts
Top posts by engagements in the last [--] hours

"July [--] MetLife Stadium East Rutherford New Jersey Might be the most expensive tickets ever sold in North America"  
[X Link](https://x.com/biancoresearch/status/2003445075842650487)  2025-12-23T12:38Z 537.1K followers, 4.8M engagements


"1/5 The Bitcoin "Boomer Adoption" Trade is Dead Markets are discounting mechanisms. They price the narrative long before the event occurs. The "TradFi" narrative drove $BTC up 400% ($25k $106k) from BlackRocks filing to Trumps victory. But that engine is now out of fuel🧵 Alright addressing the bitcoin bulls out there. Let me here from you. What exactly is the thesis at this point IDEA #1: its the future of money. REALITY: heard this five years ago yet still cant buy almost anything with it. IDEA #2: its protection against geopolitics and Alright addressing the bitcoin bulls out there. Let me"  
[X Link](https://x.com/biancoresearch/status/2017698470870540589)  2026-01-31T20:36Z 537.2K followers, 268K engagements


"It has been said that crypto is "programmable money." If so $BTC should trade like software stocks. And this chart shows they do. Is the era of AI Agents which is killing SaaS and smashing software stocks is "programmable money" suffering under the same fate"  
[X Link](https://x.com/biancoresearch/status/2019523303933899013)  2026-02-05T21:27Z 537.1K followers, 60.9K engagements


"4/4 What breaks the cycle [--]. Regulation caps synthetics. (not with Trump) [--]. A brutal winter/bear scorches TradFi's interestlike gold/silver post-2011. [--]. $BTC's narrative evolves to outpace paper claims. (Not yet) Bearish loop until then. Who is betting on #2 $BTC"  
[X Link](https://x.com/biancoresearch/status/2020167100468212154)  2026-02-07T16:05Z 537.1K followers, 16.8K engagements


"Software stoicks are struggling again today. $IGV (iShares Software ETF) is essentially back to last week's panic lows. Don't forget there's another type of software "programmable money" crypto. Bitcoin (blue) with the software index (orange). They are the same thing"  
[X Link](https://x.com/biancoresearch/status/2022021262760132929)  2026-02-12T18:53Z 537.1K followers, [----] engagements


"I think you can reduce [--] percent of culture wars to questions of economicslike a libertarian or a Marxist wouldand then you can reduce maybe [--] percent of economic questions to questions of real estate. --- Peter Thiel --- He is correct detailed here https://x.com/biancoresearch/status/1987545268485599690s=20 Peter Thiel: If you graduated in [----] with no student debt compare that to the millennial experience: too many people go to college they dont learn anything and they end up with incredibly burdensome debt. Student debt is a version of this generational conflict that Ive"  
[X Link](https://x.com/biancoresearch/status/1987546266738307426)  2025-11-09T15:42Z 537.1K followers, 258.4K engagements


"The old bond market adage is that yields will keep rising until something breaks. In 2022/23 rising U.S. yields "broke" several banks by March [----] (Silicon Valley Bank). Japanese yields are now at a 27-year high and going vertical. When does something "break" in Japan"  
[X Link](https://x.com/biancoresearch/status/2013125530678132904)  2026-01-19T05:45Z 537.1K followers, 574.9K engagements


"Crypto is built on the principle of being permissionless; it's supposed to be a disruptive force to Tradfi. I believe in this mission. In many ways Tradfi needs to be disrupted. This is why I bristled against **TradFi / Boomer Adoption** narrative. Asking permission from Larry Fink Jay Powell (or Donald Trump) is everything crypto is NOT supposed to be. Thankfully this "asking permission" narrative died in November [----] (see post below). The next leg wont come from more suits blessing $BTC and telling tradfi to buy. I believe it should come from building systems that replace tradfi and"  
[X Link](https://x.com/biancoresearch/status/2019402529767919888)  2026-02-05T13:27Z 537.2K followers, 111.4K engagements


"3/4 Wall Street's entry turned BTC into a pseudo-fractional reserve system. 21M cap On-chain onlyprice discovery swims in synthetic street "printing." Fractional is inherently unstable. That's why banks need heavy regs (Fed/Treasury/OCC/FDIC). On-chain BTC only needs code"  
[X Link](https://x.com/biancoresearch/status/2020167098882830831)  2026-02-07T16:05Z 537.1K followers, 21.2K engagements


"Trump The halftime show sucks and is a slap in the face to the country with the best 401(k)s"  
[X Link](https://x.com/biancoresearch/status/2020686807319331277)  2026-02-09T02:30Z 537.2K followers, 91.7K engagements


"@DaveLevine0com Claude Cowork was released on January [--]. "Programmable money" ($BTC) was $97k. Three weeks later down 39% (to $60k). The cost of creating and maintaining software is collapsing to zero. Don't need big companies or foundations to create software anymore. Anyone can do it"  
[X Link](https://x.com/biancoresearch/status/2022022573752828329)  2026-02-12T18:58Z 537.2K followers, 68.2K engagements


"1/ Here is a look at some immigration stats from the US Customs and Border Petrol. First the big picture. We have seen nothing close to this in a hundred years"  
[X Link](https://x.com/anyuser/status/1740138688225706113)  2023-12-27T22:32Z 537.2K followers, 679.2K engagements


"Exactly one month ago. $MSTR - 32%"  
[X Link](https://x.com/anyuser/status/1895373637219471494)  2025-02-28T07:21Z 537.2K followers, 486.6K engagements


"Hot off the Presses Our year-end investor letter for our Index the Bianco Research Total Return Fixed Income Index (Bloomberg: BTRINDX) Our partners at WisdomTree have a ETF that tracks our Index (symbol: WTBN) https://www.biancoadvisors.com/2025-the-u-s-stands-alone/ https://www.biancoadvisors.com/2025-the-u-s-stands-alone/"  
[X Link](https://x.com/anyuser/status/2008592782269837563)  2026-01-06T17:33Z 537.2K followers, 84.2K engagements


"Yesterday's 19% discount to NAV broke the record set on 10/10/2008 the day the TARP was introduced during the Global Financial Crisis. Before Friday's collapse SLV had about $60 billion in assets. The chart above shows that the silver market is now broken meaning there is a high risk that a financial firm heavily involved in this market is either bankrupt (causing the large discount above) or in serious trouble (due to the large discount above). It doesn't mean we will automatically see a firm fail but the silver market needs to correct itself quickly; otherwise it probably will. Quickly"  
[X Link](https://x.com/biancoresearch/status/2017718845474300085)  2026-01-31T21:57Z 537.2K followers, 429.4K engagements


"The $BTC carnage is accelerating. Now down 12+% today. Now the 4th worst day this decade. The other [--] were days around something "breaking." So what is "breaking" now Nov [--] [----] FTX failure Jun [--] [----] Terra Luna Collapse Mar [--] [----] worst of COVID Shutdown"  
[X Link](https://x.com/biancoresearch/status/2019509285244252433)  2026-02-05T20:31Z 537.2K followers, 324K engagements


"@EricBalchunas Maybe it's not a good thing that they're hanging on. The market needs a capitulation And the sooner we get panic selling the better. And the longer they hang on the worse it will get"  
[X Link](https://x.com/biancoresearch/status/2019760018732540343)  2026-02-06T13:08Z 537.1K followers, 48.3K engagements


"Last sentence is key. Trump sees 26% annualized to Dow 100k by [----]. If it fails it wont be the Feds fault for slow cuts itll be the Supreme Courts for (supposedly) killing tariffs on Feb [--]. The Court becomes Trumps new whipping boy and Warsh is off the hook. BREAKING: President Trump predicts the Dow Jones will hit [------] by the end of his term. https://t.co/LSYol5p82A BREAKING: President Trump predicts the Dow Jones will hit [------] by the end of his term. https://t.co/LSYol5p82A"  
[X Link](https://x.com/biancoresearch/status/2020072614937432454)  2026-02-07T09:50Z 537.2K followers, 140.5K engagements


"1/4 I fear this is spot on. @CryptoNobler's thread unpacks $BTC's "synthetic supply" problem. ETFs structured notes (@CryptoHayes) futures options swaps lendingall flood the system with "paper" BTC. When it swamps real demand price crashes. https://x.com/CryptoNobler/status/2019504206844141820 🔥 ARTHUR HAYES ON WHY BTC SUDDENLY DROPPED Arthur Hayes says Bitcoin likely sold off because banks were hedging bets tied to BlackRocks $IBIT ETF. He cited Morgan Stanley structured note linked to IBIT basically a bank-made bet on Bitcoins price. When $BTC moves banks https://t.co/OU07TFetYi"  
[X Link](https://x.com/biancoresearch/status/2020167095166677366)  2026-02-07T16:05Z 537.2K followers, 152.9K engagements


"Software stocks are struggling again today. $IGV (iShares Software ETF) is essentially back to last week's panic lows. Don't forget there's another type of software "programmable money" crypto. Bitcoin (blue) with the software index (orange). They are the same thing"  
[X Link](https://x.com/biancoresearch/status/2022023443638890657)  2026-02-12T19:02Z 537.2K followers, 44.2K engagements


"@Cato_184_CENSOR The same chart is above going back to April 30th [----] the end of the COVID recession. Yes all correlations end eventually. Why will this one end now And if software stocks were to recover do you want it to end now"  
[X Link](https://x.com/biancoresearch/status/2022101789374574613)  2026-02-13T00:13Z 537.2K followers, 31.1K engagements


"@dandolfa I think I said the same thing"  
[X Link](https://x.com/biancoresearch/status/1968547276948689188)  2025-09-18T05:26Z 535.8K followers, [----] engagements


"Of goodie Powell just invented a new inflation measure *POWELL: CORE PCE EX-TARIFFS MIGHT BE 2.3% OR 2.4% *POWELL: NON-TARIFF INFLATION NOT FAR FROM OUR 2% GOAL The problem is taking out all the things that are going up and inflation is still not at its target. @donnelly_brent"  
[X Link](https://x.com/biancoresearch/status/1983609162765324569)  2025-10-29T18:57Z 535.4K followers, 79.6K engagements


"4/11 This change in the late 1990s as shown above led housing into a boom-and-bust cycle (above) unlike anything before. The Taxpayer Relief Act of [----] Exclude up to $500000 ($250k for singles) of capital gains on their primary residence tax-free every two years"  
[X Link](https://x.com/biancoresearch/status/2013291580417782113)  2026-01-19T16:44Z 534.5K followers, [----] engagements


"Crashing . *JAPAN 30-YEAR BOND YIELD RISES [----] BASIS POINTS TO 3.875% The old bond market adage is that yields will keep rising until something breaks. In 2022/23 rising U.S. yields "broke" several banks by March [----] (Silicon Valley Bank). Japanese yields are now at a 27-year high and going vertical. When does something "break" in Japan https://t.co/qMANhs6pIm The old bond market adage is that yields will keep rising until something breaks. In 2022/23 rising U.S. yields "broke" several banks by March [----] (Silicon Valley Bank). Japanese yields are now at a 27-year high and going vertical."  
[X Link](https://x.com/biancoresearch/status/2013501500618596364)  2026-01-20T06:39Z 535.2K followers, 771.2K engagements


"iShares Silver Trust (SLV) the $56B ETF that holds physical Silver saw booming volume today"  
[X Link](https://x.com/biancoresearch/status/2015975059404333085)  2026-01-27T02:28Z 535.1K followers, 77.3K engagements


"1/3 Bitcoin breakeven update The average purchase for all the flows into all the spot $BTC since inception (January 2024) is $90200. With todays plunge the AVERAGE $BTC ETF holder is about $5000 (or 7% underwater)"  
[X Link](https://x.com/biancoresearch/status/2016924620570386636)  2026-01-29T17:21Z 536.2K followers, 134.6K engagements


"This is why he is struggling to fill the Fed Chairman job He needs someone that not only agrees with this but will make this the roadmap for monetary policy. And this person needs to command the respect of not only Wall Street but get through Senate confirmation. There are only two known unicorns that would meet this criteria Scott Bessent who does not want the job and Donald Trump. Are we absolutely sure he will not try to appoint himself https://twitter.com/i/web/status/2016931971625005237 https://twitter.com/i/web/status/2016931971625005237"  
[X Link](https://x.com/biancoresearch/status/2016931971625005237)  2026-01-29T17:50Z 535.1K followers, 160.6K engagements


"The announcement is expected on Friday morning. Bloomberg: *TRUMP ADMINISTRATION SAID TO BE PREPARING WARSH FED NOMINATION --- The scuttlebutt is they were indeed looking for "door #5" And Scott Bessent even met with @judyshel on Monday (but not Trump). In the end they couldn't find a better candidate so (my characterization) Trump held his nose met with Warsh again this morning and picked him from the four finalists. Warsh has been a favorite for many months. So why did it take such a torturous process to arrive at an early favorite Because while Warsh has credibility and can (presumably)"  
[X Link](https://x.com/biancoresearch/status/2017102673724506211)  2026-01-30T05:08Z 534.9K followers, 47.8K engagements


"As I've argued for a few months now this explains what Fed watching has now become. It is no longer about what the Fed chairman says it's about counting FOMC voter intentions and seeing which side of the ledger has [--] votes (majority of the [--] FOMC voters). Here is a look at who has a say on Federal Reserve interest-rate policy this year https://t.co/gWn1PwMloC Here is a look at who has a say on Federal Reserve interest-rate policy this year https://t.co/gWn1PwMloC"  
[X Link](https://x.com/biancoresearch/status/2017108840676802717)  2026-01-30T05:33Z 534.9K followers, 37.6K engagements


"1/4 Here is a six-month bar chart of silver prices. It is no surprise that such a bar chart often signals "problems." 267k followers https://t.co/RJef1UnodS 267k followers https://t.co/RJef1UnodS"  
[X Link](https://x.com/biancoresearch/status/2017648446778290250)  2026-01-31T17:17Z 535.6K followers, 76K engagements


"2/4 Silver prices (above) have only given back the last two weeks or so. How can a mid-January level produce a stressful situation Here is the entire history of the value traded (volume x price) for the $60B iShares Silver ETF ( $SLV) a proxy for the entire silver market"  
[X Link](https://x.com/biancoresearch/status/2017648449672429774)  2026-01-31T17:17Z 535.6K followers, [----] engagements


"Bitcoin is now below $80k for the first time since April 7th. This was just a few days after the April 2nd "Liberation Day" collapse began when markets were in full hyperventilation mode. $BTC"  
[X Link](https://x.com/biancoresearch/status/2017659030093561863)  2026-01-31T17:59Z 535.3K followers, 39.7K engagements


"3/5 This explains why "good news" isn't moving the price. Kevin Warsh speaking Walmart accepting crypto Nice stories but priced in months ago. Even old correlationsdollar debasement & tech stocksare failing. The market has discounted the "adoption" story to zero"  
[X Link](https://x.com/biancoresearch/status/2017698475312304170)  2026-01-31T20:36Z 534.5K followers, 18.9K engagements


"SLV's NAV was $95 on Friday. The closing price was $75 (the record 19% discount). Silver can be unchanged on Monday (NAV stays at $95) and the price can be up $20 (or 27%) to close this premium/discount. My guess is we SHOULD see massive degen/retail buying right on the open Sunday night trying to take advantage of the massive discount. If that does not happen or the immediate bound fades into Monday I would interpret that as a forced liquidation steamrolling the degens/retail. Forced liquidation is the result of a troubled firm being forced to sell due to margin calls and other immediate"  
[X Link](https://x.com/biancoresearch/status/2017722773645222394)  2026-01-31T22:12Z 535.9K followers, 81.4K engagements


"@stockgutter @Chickendaddy5 The top above is what matters. The NAV is their estimate of the cash price of silver at 4:00 PM Eastern New York Time on Friday"  
[X Link](https://x.com/biancoresearch/status/2017726277243859261)  2026-01-31T22:26Z 535.4K followers, [----] engagements


"@SpecialSitsNews @Chickendaddy5 Then answer this question: What is the purpose of calculating the net asset value in the first place Hint: How does the ETF creation/redemption function work"  
[X Link](https://x.com/biancoresearch/status/2017731939596165566)  2026-01-31T22:49Z 534.9K followers, [----] engagements


"@stockgutter @Chickendaddy5 See the name of $WTBN And no iShares has got it exactly correct. The price of SLV closed 19% below its Net Asset Value a record divergence. Instead of arguing that the divergent doesn't exist we'd be better off asking why it happened and what it means"  
[X Link](https://x.com/biancoresearch/status/2017743287562436799)  2026-01-31T23:34Z 535.3K followers, [---] engagements


"Will this complicate his nomination to be Fed chair -- Kevin Warsh is named in the latest Epstein files release: * [----] St. Barts Xmas guest list email * Dinner attendee hosted by British Aristocrat William Astor. No island visits or misconduct evidence"  
[X Link](https://x.com/biancoresearch/status/2017839118978347369)  2026-02-01T05:55Z 535.3K followers, 54K engagements


"1/6 10% of the outstanding $BTC is held by $MSTR and the [--] Spot BTC ETFs. These are the ways normies hold $BTC in regulated brokerage accounts. Collectively the avg purchase price is $85.36K meaning the average is now $8k underwater with an unrealized loss of $7B. 🧵"  
[X Link](https://x.com/biancoresearch/status/2018069763507839283)  2026-02-01T21:11Z 536.5K followers, 178.5K engagements


"2/6 The [--] biggest spot $BTC ETFs now hold 1.29M $BTC worth over $115B (Friday PM). These ETFs hold roughly 6.5% of all $BTC in circulation. The [--] largest iShares $IBIT (blue) Fidelitys $FBTC (red) and Grayscales $GBTC (orange) hold 5.65%"  
[X Link](https://x.com/biancoresearch/status/2018069766070554946)  2026-02-01T21:11Z 535.7K followers, 18.1K engagements


"3/6 The [--] Spot $BTC ETFs average purchase price is $90.2K (blue) about $13K (16%) above the current price (bottom panel). Note these ETFs are collectively on a record [--] consecutive outflow days. $BTC is down 8% since Friday's NYSE close"  
[X Link](https://x.com/biancoresearch/status/2018069768679371084)  2026-02-01T21:11Z 535.2K followers, 17.3K engagements


"1/2 Follow-up to the 🧵👇 Comments say that if 10% of $BTC is held by the Spot $BTC ETFs this is good because they are diamond-handed institutions that will not sell. Avg size of ETF trades: SPY=$111.3K GLD=$87K $BTC ETFs=$15.8K $BTC ETFs = retail https://x.com/biancoresearch/status/2018069763507839283s=20 1/6 10% of the outstanding $BTC is held by $MSTR and the [--] Spot BTC ETFs. These are the ways normies hold $BTC in regulated brokerage accounts. Collectively the avg purchase price is $85.36K meaning the average is now $8k underwater with an unrealized loss of $7B. 🧵"  
[X Link](https://x.com/biancoresearch/status/2018144447263826030)  2026-02-02T02:08Z 535.7K followers, 49.7K engagements


"2/2 Top Panel Daily flows into ALL $BTC ETFs. Outflows to [--] straight days (last inflow Jan 15). New Record Trw (Mon) the mkt will react to an 8% decline since Friday's NYSE close. (11th day) Bottom Panel Cumulative flows. Peaked in early Oct. Net seller for months"  
[X Link](https://x.com/biancoresearch/status/2018144449524625734)  2026-02-02T02:08Z 535.2K followers, 17.9K engagements


"No bounce. pickup up where we left off on Friday. *SPOT GOLD FALLS 5% ADDING TO BIGGEST PLUNGE IN OVER A DECADE (Down 18% from Thursday's high)"  
[X Link](https://x.com/biancoresearch/status/2018169409798312430)  2026-02-02T03:47Z 535.8K followers, 78.9K engagements


"Looks like we're doing this again *BLS WILL DELAY RELEASE OF JAN. JOBS REPORT DUE TO GOVT SHUTDOWN --- The government shut down at midnight Saturday. They're hoping to pass the bill to reopen it today or tomorrow but apparently that is enough to get the BLS to delay Friday's release of the payroll report. I will assume it will be released next week. unless they screw up the reopening and it drags on for several days"  
[X Link](https://x.com/biancoresearch/status/2018373749637013917)  2026-02-02T17:19Z 535.8K followers, 61.5K engagements


"Both scrape millions of prices from the internet and they say prices are booming the opposite reading of @truflation https://x.com/nicktimiraos/status/2018405590662348908s=46 US CPI inflation dropped significantly today from 1.24% to 0.86% in our independent price data the lowest since [----]. Truflation US CPI today: 0.86% Y/Y The biggest downward drivers were: [--]. Utilities down -0.13% [--]. Clothing -0.08% [--]. Housing -0.05% [--]. Transport -0.05% [--]. Food https://t.co/HFef56JGyl https://x.com/nicktimiraos/status/2018405590662348908s=46 US CPI inflation dropped significantly today from 1.24% to 0.86%"  
[X Link](https://x.com/biancoresearch/status/2018660315559596268)  2026-02-03T12:18Z 536.1K followers, 122.3K engagements


"The Trump [---] $BTC rally has now been reversed. *BITCOIN DROPS TO LOWEST PRICE SINCE TRUMPS ELECTION VICTORY The correction is now 41.5% since the October [--] [----] high ($126k)"  
[X Link](https://x.com/biancoresearch/status/2018756983709389198)  2026-02-03T18:42Z 535.8K followers, 40.5K engagements


"@EricBalchunas While 94% are still holding the AVERAGE holder is now 24% underwater and collectively holding nearing a $11B loss"  
[X Link](https://x.com/biancoresearch/status/2019115456871952896)  2026-02-04T18:26Z 536.8K followers, 45.5K engagements


"@EricBalchunas And cumulatively spot $BTC ETFs have not seen NET new money for months and have experienced a steady "low grade" outflow (bottom panel). Buy when the low-grade outflow turns into a panic"  
[X Link](https://x.com/biancoresearch/status/2019116143215276513)  2026-02-04T18:29Z 535.2K followers, 17K engagements


"Totally agree that the pricing-power-erosion angle is the real gut punch here even if demand doesn't evaporate overnight. I've been thinking about this sell-off and it reminds me a lot of what happened with Disney/ESPN back in August [----]. Bob Iger basically admitted on the earnings call that ESPN was seeing "some modest subscriber losses" due to cord-cutting trends. It wasn't apocalyptiche called ESPN a "must-have" and said they were bullish on the bundlebut the market had this sudden epiphany: cable TV's subscriber base was in terminal decline and it wasn't reversing. Stocks tanked hard"  
[X Link](https://x.com/biancoresearch/status/2019229530913755435)  2026-02-05T02:00Z 535.7K followers, 61.5K engagements


"I've been digging into this agentic AI stuff quite a bit latelyI've got Pro access on a few of the top tools like Gemini Copilot Grok Claude and Perplexityso I've been messing around with them hands-on and seeing how they actually work in real workflows. Makes the long-term implications feel even more tangible (and a little scary for traditional SaaS moats). I truly believe this is a game-changereven bigger than the Internet itself in terms of how it redefines work business and productivity. https://twitter.com/i/web/status/2019233073175421017"  
[X Link](https://x.com/biancoresearch/status/2019233073175421017)  2026-02-05T02:14Z 536.7K followers, 38.7K engagements


"Crashing back to Friday's low *SPOT SILVER DROPS BY AS MUCH AS 14% ERASING TWO DAYS OF GAINS"  
[X Link](https://x.com/biancoresearch/status/2019245068931244218)  2026-02-05T03:01Z 536K followers, 51.2K engagements


"@edodreaming 50% decline in $CRM"  
[X Link](https://x.com/biancoresearch/status/2019278355162661163)  2026-02-05T05:14Z 535.7K followers, [---] engagements


"Businesses are built on providing the lowest cost highest quality products they can and doing this in a competitive environment. If they elect to keep their highest cost legacy systems that also limit productivity due to their inflexibility (relative to an AI Agent) they risk become a former business"  
[X Link](https://x.com/biancoresearch/status/2019389535042384325)  2026-02-05T12:35Z 534.4K followers, [----] engagements


"*BITCOIN FALLS BELOW $70000 FOR FIRST TIME SINCE NOV. [--] 2024"  
[X Link](https://x.com/biancoresearch/status/2019402793618968678)  2026-02-05T13:28Z 536.3K followers, 26.7K engagements


"@Grimtrader03 Why do we worry that quantum computing is going to disrupt Bitcoin Won't quantum computer hackers empty the Federal Reserve and JP Morgan long before they bother with Bitcoin Tradfi has more to worry about than crypto"  
[X Link](https://x.com/biancoresearch/status/2019404067416813581)  2026-02-05T13:33Z 536.7K followers, [----] engagements


"Look away not pretty. The avg purchase price for a $BTC ETF is $90K 41% underwater or a $15B unrealized loss. Need 50% rally to get back to breakeven ETF hodlers (boomers) had diamond hands during the decline. But does this serve to set up a coming capitation (puke)"  
[X Link](https://x.com/biancoresearch/status/2019516506267349156)  2026-02-05T21:00Z 536.7K followers, 40.4K engagements


"RT @biancoresearch: Look away not pretty. The avg purchase price for a $BTC ETF is $90K 41% underwater or a $15B unrealized loss. Need"  
[X Link](https://x.com/biancoresearch/status/2019516558125723899)  2026-02-05T21:00Z 536.1K followers, [--] engagements


"RT @biancoresearch: It has been said that crypto is "programmable money." If so $BTC should trade like software stocks. And this chart sho"  
[X Link](https://x.com/biancoresearch/status/2019523326939742688)  2026-02-05T21:27Z 536.2K followers, [--] engagements


"@WatcherGuru Presented without comment"  
[X Link](https://x.com/biancoresearch/status/2019528345013350512)  2026-02-05T21:47Z 534.5K followers, 27.8K engagements


"Silver is down 21% in the last [--] hours and is now below last Friday's crash low. Why is this happening When markets get chaotic and dysfunctional the most vulnerable and most leveraged get taken out and killed first. This is somewhat analogous to the very early days of the pandemic. What were the markets that were killed first in early [----] Not the ones that had anything to do with the primary driver (pandemic coming out of China) but the ones that were the most levered and the most vulnerable. For the last couple of months that's been silver."  
[X Link](https://x.com/biancoresearch/status/2019533822727999744)  2026-02-05T22:09Z 536.5K followers, 115.8K engagements


"RT @JacobKinge: Every major Bitcoin bull market peak has been perfectly timed with a glossy Forbes cover crowning the latest 'Bitcoin king'"  
[X Link](https://x.com/biancoresearch/status/2019731862818795578)  2026-02-06T11:16Z 536.7K followers, [---] engagements


"RT @CryptoNobler: 🚨 HERES WHY BITCOIN IS NONSTOP DUMPING RIGHT NOW If you still think $BTC trades like a supply-and-demand asset you MUS"  
[X Link](https://x.com/biancoresearch/status/2019737399807598832)  2026-02-06T11:38Z 536.7K followers, [----] engagements


"RT @KobeissiLetter: BREAKING: President Trump predicts the Dow Jones will hit [------] by the end of his term"  
[X Link](https://x.com/biancoresearch/status/2020039106722513263)  2026-02-07T07:37Z 536.7K followers, [---] engagements


"@GallivantiX This is about assigning blame . moving from the Fed to the Court"  
[X Link](https://x.com/biancoresearch/status/2020078664608518572)  2026-02-07T10:14Z 536.6K followers, [----] engagements


"@edodreaming @CryptoNobler @CryptoHayes And stocks had decades to sort this reality out. Along the way they have the [----] stock market crash trading debacles and other disasters. BTC is starting year [--] of this reality"  
[X Link](https://x.com/biancoresearch/status/2020175321056919981)  2026-02-07T16:38Z 535.4K followers, [----] engagements


"5:10 left in the third quarter Total points = [--] Total punts = [--] Worst Super Bowl ever"  
[X Link](https://x.com/biancoresearch/status/2020681953750519862)  2026-02-09T02:11Z 535.6K followers, [----] engagements


"@EricBalchunas Serious question . Why not see them as a bunch of bagholders getting hurt every week and refrain from selling They are allowing degens and whales to get out at better prices"  
[X Link](https://x.com/biancoresearch/status/2021707138930803050)  2026-02-11T22:05Z 536.8K followers, 14.5K engagements


"@bobomc2 My god have mercy on your bags"  
[X Link](https://x.com/biancoresearch/status/2022021086196752466)  2026-02-12T18:52Z 536.8K followers, [--] engagements


"A titanic battle is now underway. Who ya got Martin Shkreli @MartinShkreli is short $MSTR. Says: - Saylor is insane - no way this can end well - Saylor is not a good advocate for #Bitcoin - being short MSTR has been painful - he's bearish on bitcoin Welcome Martin. Have fun getting run over by Saylor and btc. https://t.co/D0duGoGAG5 Martin Shkreli @MartinShkreli is short $MSTR. Says: - Saylor is insane - no way this can end well - Saylor is not a good advocate for #Bitcoin - being short MSTR has been painful - he's bearish on bitcoin Welcome Martin. Have fun getting run over by Saylor and"  
[X Link](https://x.com/biancoresearch/status/1868325847301754886)  2024-12-15T16:02Z 536.9K followers, 308.3K engagements


"@jdthatch1 There is no net asset value for the Shanghai spot price"  
[X Link](https://x.com/biancoresearch/status/2017742312642617449)  2026-01-31T23:30Z 536.9K followers, [----] engagements


"Back on oct [--] [----] ($BTC $6250) he wrote this famous tweet near the low. Now he is back with the same argument at $70k. Into the darkness of breaking below $70k is some hope. https://x.com/nouriel/status/1050425363413827584s=46 The Crypto Apocalypse Out of 20k ICOs: 80% of them (16k) were a total criminal scam in the first place - steal the money and run - based on results of an academic research paper. Another 18% of them (3.6k) went to zero and collapsed . Of remaining 2% (400) that survived those https://x.com/nouriel/status/1050425363413827584s=46 The Crypto Apocalypse Out of 20k ICOs:"  
[X Link](https://x.com/biancoresearch/status/2019376358665908560)  2026-02-05T11:43Z 537K followers, 51.9K engagements


"2/4 @CryptoHayes: structured notes on $IBIT flooded $BTC with synthetic supply forced liquidations turbocharged the dump. Next rally TradFi piles into ETFs Wall Street "prints" more synthetics. Price discovery decoupled from on-chain. Volatility on steroids"  
[X Link](https://x.com/biancoresearch/status/2020167097238655152)  2026-02-07T16:05Z 537.1K followers, 11.2K engagements


"3:38 left in the third quarter Total points = [--] Total punts = [--] Worst Super Bowl ever"  
[X Link](https://x.com/biancoresearch/status/2020682558640382204)  2026-02-09T02:13Z 537.1K followers, 29.3K engagements


"The Patriots had [--] first down in the 3rd quarter on a defensive penalty"  
[X Link](https://x.com/biancoresearch/status/2020684995334148366)  2026-02-09T02:23Z 537K followers, 20.3K engagements


"Software stoicks are struggling again today. $IGV (iShares Software ETF) is essentially back to last week's panic lows. Don't forget "there's another type of software "programmable money" crypto. Bitcoin (blue) with the software index (orange). They are the same thing"  
[X Link](https://x.com/biancoresearch/status/2022019537848377424)  2026-02-12T18:46Z 536.8K followers, [----] engagements


"@charcware I didn't say it's going to replace software I said it's going to collapse the cost to zero"  
[X Link](https://x.com/biancoresearch/status/2022024101641302262)  2026-02-12T19:04Z 537.1K followers, [----] engagements


"@ChrisWhodl @DaveLevine0com"  
[X Link](https://x.com/biancoresearch/status/2022104586824429636)  2026-02-13T00:24Z 537.1K followers, [---] engagements


"@Todd_Sohn @EricBalchunas Reminds me of [--] years ago when ETFs that bought futures were rolled out such as $DBC and $USO. These were enormously successful and now collectively have hundreds of billions in assets. You agree with the analogy @DaveNadig"  
[X Link](https://x.com/biancoresearch/status/2022556393866404134)  2026-02-14T06:19Z 536.9K followers, [---] engagements


"@a_______bo @cryptonico21 I think I said that . they have to treat her like a fired employee and they are in trouble if they do not"  
[X Link](https://x.com/biancoresearch/status/1960328831497122061)  2025-08-26T13:09Z 490.6K followers, [---] engagements


"The Fed responded this afternoon: *FED SAYS IT WILL ABIDE BY ANY COURT DECISION ON LISA COOK As explained above the Fed really has no choice"  
[X Link](https://x.com/biancoresearch/status/1960467965671039423)  2025-08-26T22:22Z 491K followers, 25K engagements


"Also trading on Polymarket (note it just started)"  
[X Link](https://x.com/biancoresearch/status/1960828184783376788)  2025-08-27T22:14Z 491.3K followers, 26.2K engagements


"The last of the new Lisa Cook markets. (Again this have just started)"  
[X Link](https://x.com/biancoresearch/status/1960828754680533447)  2025-08-27T22:16Z 491.3K followers, 27.4K engagements


"The Federal Reserve is also a primary banking regulator. And Federal Reserve Governors like Lisa Cook regularly vote to sanction banks for compliance deficiencies. "clerical errors." It appears that "clerical errors" only get the regulated in trouble not the regulator. CNBC reports that Jerome Powell has continued to let Lisa Cook have access to her office and electronics despite the President of the United States ordering her firing. CNBC reports that Jerome Powell has continued to let Lisa Cook have access to her office and electronics despite the President of the United States ordering her"  
[X Link](https://x.com/biancoresearch/status/1961537664714510766)  2025-08-29T21:13Z 491.6K followers, 93.9K engagements


"@_4lex_4 #1 is irrelevant to $BTC #2 is not that big and red flag"  
[X Link](https://x.com/biancoresearch/status/1961563333636579689)  2025-08-29T22:55Z 491.1K followers, [----] engagements


"@realZHcommenter What selectively chosen range would you like to see"  
[X Link](https://x.com/biancoresearch/status/1961563520564154579)  2025-08-29T22:56Z 491K followers, [---] engagements


"Truflation has been arguing that inflation is a non-problem and calling for the Fed to cut rates (below). But their latest readings are flashing a yellow to red flag on inflation. August 4th is labeled. It was 1.65%. Today it is 2.31% a considerable increase of 0.66% in less than a month. And as the red line shows it is at its highest level since February BEFORE liberation Day. Finally the Red Arrows note that on the first day of the month Truflation revises this index DOWN sharply. This is why I don't look at the level of the index but rather at the rate of change. It has been dramatically"  
[X Link](https://x.com/biancoresearch/status/1962142697281429956)  2025-08-31T13:17Z 491K followers, [----] engagements


"@WillOHara131 tariff pass-throughs coming"  
[X Link](https://x.com/biancoresearch/status/1962144921407615159)  2025-08-31T13:26Z 491.1K followers, [----] engagements


"@WillOHara131 Nope Home prices are at an all-time high and are rocketing higher. This is why we have an "affordability" crisis"  
[X Link](https://x.com/biancoresearch/status/1962145902904132018)  2025-08-31T13:30Z 491.1K followers, [----] engagements


"@AstorAaron @WillOHara131 Based on what metric"  
[X Link](https://x.com/biancoresearch/status/1962208188935160090)  2025-08-31T17:37Z 491.9K followers, [---] engagements


"2/8 Case-Shiller National Home Price Index. All-time high"  
[X Link](https://x.com/biancoresearch/status/1962277119527907667)  2025-08-31T22:11Z 491.5K followers, [----] engagements


"3/8 Median home price Seasonally adjusted all-time high"  
[X Link](https://x.com/biancoresearch/status/1962277122094817667)  2025-08-31T22:11Z 491.7K followers, [----] engagements


"5/8 The reason we have an affordability crisis is that home prices are too high. The reason prices are high is that we do not have enough supply. [--] years of low housing starts is catching up"  
[X Link](https://x.com/biancoresearch/status/1962277127845208549)  2025-08-31T22:11Z 491.2K followers, [----] engagements


"7/8 The result of the two charts above is that [-----] million households have been formed since the end of the Great Recession (June 2009). However only [-----] million new homes have been built over the same period. About [--] million less than is needed"  
[X Link](https://x.com/biancoresearch/status/1962277133926998027)  2025-08-31T22:11Z 491.9K followers, 24.4K engagements


"8/8 The problem is a shortage of homes not mortgage rates. If the Fed cuts rates and ASSUMING the mortgage rate follows this does not solve the shortage problem. It simply allows homeowners to hike prices further thereby burdening homebuyers and worsening affordability"  
[X Link](https://x.com/biancoresearch/status/1962277136615489718)  2025-08-31T22:11Z 491.9K followers, 24.9K engagements


"@_MATH_YOU you dont care what the data says because you get a couple of emails"  
[X Link](https://x.com/biancoresearch/status/1962291300687892737)  2025-08-31T23:07Z 491.2K followers, [----] engagements


"Truflation did it again . the first of the month and they massively revised their inflation measure lower. The red arrows indicate that this regularly occurs on the first of the month. Truflation says it scrapes [--] million prices to compile its daily update. And this effort generally leads to rising prices every day of the month except the 1st when they revise it way"  
[X Link](https://x.com/biancoresearch/status/1962359072822362305)  2025-09-01T03:37Z 491.9K followers, 30K engagements


"@mustgoupforever And you dont think if they cut the funds rate by three points the average price of a house a rocket [--] to 15% higher over $500000 and the monthly payment will be right back to where it is right now"  
[X Link](https://x.com/biancoresearch/status/1962480309330452770)  2025-09-01T11:39Z 491.1K followers, [---] engagements


"The inconsistent thinking about housing is evident in the replies to thsi thread. The fix to the affordability problem is lower home prices. This reduces monthly payments allowing more people to afford a home. We want this I would suggest that those who are fretting about falling home prices are probably homeowners so it is a bad thing for them. What they want is to find a way for others to afford the maximum list price they want for their home. This is why they blame others. * It's the Fed's fault for not cutting rates (assuming mortgage rates follow) * Its corporate owners like BlackRock"  
[X Link](https://x.com/biancoresearch/status/1962529749953081623)  2025-09-01T14:55Z 491.6K followers, 25.6K engagements


"1/6 Recessions and financial crises can have a profound and lasting impact on an economy for years to come. We had both in [----]. This changed the economy. Change does not mean worse or dystopian. It means different. This economy differs from [----] (pre-COVID). 🧵 It's just not credible for the Fed to claim to have a 2% inflation target when it's been [--] months above target and moving higher & they shift to further easing. https://t.co/r9Ywl4ilt9 It's just not credible for the Fed to claim to have a 2% inflation target when it's been [--] months above target and moving higher & they shift to"  
[X Link](https://x.com/biancoresearch/status/1962601352443433394)  2025-09-01T19:40Z 491.7K followers, 86.7K engagements


"4/6 The 20-year decline in 10-year REAL yields (inflation-adjusted) through the post-9/11 recovery and the financial crisis recovery has ended. The average is now (blue) higher than it was during the previous recovery and volatility is significantly greater (Std Dev band)"  
[X Link](https://x.com/biancoresearch/status/1962601360555176117)  2025-09-01T19:40Z 491.7K followers, [----] engagements


"5/6 While the real funds rate has been highly volatile in the post-COVID period it is settling at around 2%. This would imply a neutral funds rate of at least 4% if the Fed could hit its 2% target. As the inflation charts above show the 2% target is not being met"  
[X Link](https://x.com/biancoresearch/status/1962601363470184488)  2025-09-01T19:40Z 491.7K followers, 25K engagements


"6/6 COVID was the biggest economic event of our lifetime. It was bigger than the [----] financial crisis 9/11 the Iraq-Kuwait War and even the Great Inflation of the 1970s and 1980s. It marked the end of the era of low inflation and zero to negative real interest rates"  
[X Link](https://x.com/biancoresearch/status/1962601365785530618)  2025-09-01T19:40Z 491.7K followers, 23.8K engagements


"If you don't recognize the impact the financial crisis and recession around the Pandemic had on the economy and assume the economy will "return to 2019" you're not recognizing we are in a new cycle (post-COVID economy) and waiting for the return of the previous cycle (post-Financial Crisis economy) is going to lead you astray. This is not transitory"  
[X Link](https://x.com/biancoresearch/status/1962633918806458869)  2025-09-01T21:49Z 491.2K followers, [---] engagements


"National Guard and ICE being deployed to Chicago is my guess. (52 people shot over the Labor Day weekend) 🚨 BREAKING: President Trump is making an announcement from the OVAL OFFICE at 2PM. Here we go I wonder what it could be 👀 https://t.co/T3GGstGBpw 🚨 BREAKING: President Trump is making an announcement from the OVAL OFFICE at 2PM. Here we go I wonder what it could be 👀 https://t.co/T3GGstGBpw"  
[X Link](https://x.com/biancoresearch/status/1962847372347588696)  2025-09-02T11:57Z 491.7K followers, 97.7K engagements


"https://x.com/deitaone/status/1962879073157325018 🚨 *TRUMP TO ANNOUNCE SPACE COMMAND HEADQUARTERS AT [--] PM EASTERN https://x.com/deitaone/status/1962879073157325018 🚨 *TRUMP TO ANNOUNCE SPACE COMMAND HEADQUARTERS AT [--] PM EASTERN"  
[X Link](https://x.com/biancoresearch/status/1962893213313683812)  2025-09-02T14:59Z 491.7K followers, 24.8K engagements


"The Move Index (the Bond Market's VIX Index) has jumped over [--] points in the last two days (bottom panel) for the biggest two-day increase since April (the middle of the post-Liberation Day market freakout). The Index level (top panel) is now at its highest level since late July. --- The MOVE is an index of options' implied volatility of 30-day interest rates from 2-year to 30-year. So the MOVE is a market's expectation of what MIGHT BE coming . the bond market is "bracing" for a significant uptick in volatility"  
[X Link](https://x.com/biancoresearch/status/1963581854465810586)  2025-09-04T12:36Z 491.7K followers, 32.9K engagements


"2/2 At the same time continuing claims have slumped to a two-month low. Again the same warning applies. Going into the Labor Day weekend this data can get "screwy." It's too early to say continuing claims fall is a sign of labor market strength"  
[X Link](https://x.com/biancoresearch/status/1963590561861882017)  2025-09-04T13:10Z 491.9K followers, 17.4K engagements


"Discussed in the interview below. --- How many jobs does the US economy need to make the so-called breakeven rate Given that immigration drives population growth and it might be negative for the first time in a Century an argument can be made that the breakeven rate is nearing zero. If so payroll growth of [-----] in August suggests that the Labor market might have little to no excess capacity. Cutting rates to stimulate an economy with no excess capacity risk pushing inflation higher. --- The US economy has [---] million payroll jobs. It has [---] million people between [--] and [--] (the working age"  
[X Link](https://x.com/biancoresearch/status/1964700407784960052)  2025-09-07T14:40Z 491.7K followers, 28.4K engagements


"Discussed in the interview below. --- How many jobs does the US economy need to make the so-called breakeven rate Given that immigration drives population growth and it might be negative for the first time in a Century an argument can be made that the breakeven rate is nearing zero. If so payroll growth of [-----] in August suggests that the Labor market might have little to no excess capacity. Cutting rates to stimulate an economy with no excess capacity risks pushing inflation higher. --- The US economy has [---] million payroll jobs. It has [---] million people between [--] and [--] (the working age"  
[X Link](https://x.com/biancoresearch/status/1964705890721800632)  2025-09-07T15:02Z 492.7K followers, 149.7K engagements


"@PowerShell_BTC The unemployment rate was 4.2% in July [----]. It rose 0.1% to 4.3% in August [----] [--] months later. This is a rounding error rise in over [--] months"  
[X Link](https://x.com/biancoresearch/status/1964707227694235940)  2025-09-07T15:08Z 491.8K followers, [----] engagements


"@piptrain Because the measure used is core inflation (ex food/energy) And we did have inflation in the 1960s without a rise in energy prices"  
[X Link](https://x.com/biancoresearch/status/1964707653428625478)  2025-09-07T15:09Z 491.7K followers, [---] engagements


"1/4 Payrolls were revised lower by 911k y'day. I see a lot of bad takes about this. tl:dr Cos hired a lot of undocumented workers (Hyundai raid in GA last week) so no withholding taxes. The jobs mkt might still be in balance and cutting rates will push inflation higher. 🧵 Discussed in the interview below. --- How many jobs does the US economy need to make the so-called breakeven rate Given that immigration drives population growth and it might be negative for the first time in a Century an argument can be made that the breakeven rate is Discussed in the interview below. --- How many jobs"  
[X Link](https://x.com/biancoresearch/status/1965820425939857765)  2025-09-10T16:51Z 492.8K followers, 80.2K engagements


"2/4 The revision announced yesterday covers the period of April [----] to March [----]. So it goes back as far as [--] months ago. This is a preliminary estimate. There will be a final estimate in February [----] and at that time the April [----] to March [----] payroll reports will be revised. To be clear the BLS has not revised the April [----] to March [----] monthly data yet. These revisions are done by comparing the establishment survey results (from which the payroll report is derived) to withholding taxes and unemployment insurance taxes. In other words how many people are subject to payroll taxes"  
[X Link](https://x.com/biancoresearch/status/1965820429030822289)  2025-09-10T16:51Z 491.9K followers, [----] engagements


"3/4 So why such a big downward revision The Bureau of Labor Statistics (BLS) commented yesterday (QCEW = Quarterly Census of Employment and Wages this is withholdings; CES = Current Employment Statistics the results of the establishment survey) * Businesses reported less employment to the QCEW than they reported to the CES survey (response error). * Businesses who were selected for the CES survey but did not respond reported less employment to the QCEW than those businesses who did respond to the CES survey (nonresponse error). --- An explanation for these differences is that companies are"  
[X Link](https://x.com/biancoresearch/status/1965820432415646200)  2025-09-10T16:51Z 492.5K followers, 21.4K engagements


"4/4 Why does this matter The Fed is getting set to cut rates later this month on the assumption that the labor market is slowing faster than the supply of labor or population growth which is primarily driven by immigration. They fear this is creating excess slack in the labor market. Rate cuts are supposed to stimulate the economy to increase hiring and reduce this slack. If the supply of labor is falling along with labor demand then the labor market might still be in balance at a lower payroll hiring rate. In other words yes the payroll hiring is weak but we do not need to hire that many"  
[X Link](https://x.com/biancoresearch/status/1965820435666248187)  2025-09-10T16:51Z 492.6K followers, 21.1K engagements


"@Hauber33 What is the non-failing thesis"  
[X Link](https://x.com/biancoresearch/status/1965927069378031637)  2025-09-10T23:55Z 491.9K followers, [---] engagements


"*US JOBLESS CLAIMS [------] IN SEPT. [--] WEEK; EST. 235K --- 4-year high and dominating bond trading over CPI. I labeled (red) this with the major holidays for [----]. Claims have jumped around every holiday this year with Labor Day the biggest of these jumps. The BLS has long admitted that they have problems with the seasonal adjustments around holiday weeks and the four-day work week does impact the rate of claims filings"  
[X Link](https://x.com/biancoresearch/status/1966121751491780792)  2025-09-11T12:48Z 492.8K followers, 71.5K engagements


"Why didnt she lay this out on day one of the first accusation and this would have gone away. Instead she call two mortgages signed as a primary residence a clerical error. The mortgage fraud claim against Lisa Cook is false per documents obtained by Reuters. Bill Pulte's accusation the sole pretext Trump used to fire her from the Fed was that she claimed two homes as primary residence. These docs show she did not. https://t.co/aZf0YR9JBN The mortgage fraud claim against Lisa Cook is false per documents obtained by Reuters. Bill Pulte's accusation the sole pretext Trump used to fire her from"  
[X Link](https://x.com/biancoresearch/status/1966808381491978484)  2025-09-13T10:17Z 492.9K followers, 104.5K engagements


"@AvidCommentator Federal Reserve Governor is a serious central bank/regulatiory job. If she is purposely going through this controversy thus dragging the Feds reputation through the mud in an attempt to win partisan political points then she does deserve to be fired"  
[X Link](https://x.com/biancoresearch/status/1966810262670807050)  2025-09-13T10:24Z 492.5K followers, [----] engagements


"Anna is correct below when she says: "I have not seen a meeting with so much contradictions." --- This meeting was a mess. See the labels in the dot plot below. One member of the FOMC thinks the Fed is going to HIKE rates this year. One (Stephen Miran) thinks it is going to cut 1.25% this year (5 cuts over two meetings). And see the spread of dots above (from highest to lowest) the FOMC is showing little to no agreement on what they should do. Yet it was an 11-1 vote. This rigging of the voting to create the illusion of a "consensus" and then publishing a wide dot plot like this only serves"  
[X Link](https://x.com/biancoresearch/status/1968439250325836134)  2025-09-17T22:17Z 493.6K followers, 320.6K engagements


"This story like so many praises Chairman Powell for having a near unanimous vote. This is the single biggest problem with the Federal Reserve. The groupthink and the rigging of the vote to make it look like theyre all on the same page just hurts the Feds credibility. Fed Chair Jerome Powell managed against the odds to forge a near-unanimous consensus at this weeks policy meeting with new Governor Stephen Miran the only one to vote against the quarter-percentage-point interest-rate cut https://t.co/AdVGl9kfIc Fed Chair Jerome Powell managed against the odds to forge a near-unanimous consensus"  
[X Link](https://x.com/biancoresearch/status/1968461500281954792)  2025-09-17T23:46Z 493.2K followers, 96.8K engagements


"The Fed has held a mistaken belief for 30+ years that they need to PRESENT unanimity (or near unanimity) in their voting to give credibility to their policy. This is where all the problems begin. The result is FOMC members have now forgotten who they work for. Their boss is NOT the chairman of the Federal Reserve. He is just another voter. Their boss is the American people. The Fed chairman says it in his boiler plate language at the beginning of every press conference (we serve the American people). The fact that he calls every FOMC member individually the Thursday/Friday before every"  
[X Link](https://x.com/biancoresearch/status/1968560842481275266)  2025-09-18T06:20Z 493.5K followers, 26.7K engagements


"1/2 Over the last [--] years of gold trading (gray lines) [----] (blue) has only seen one better year [----] (green)"  
[X Link](https://x.com/biancoresearch/status/1969147475760951380)  2025-09-19T21:11Z 493.5K followers, 101K engagements


"2/2 Conversely the dollar in [----] (blue) only seen two worse years [----] and [----] (two gray lines below the blue line). This year is still tracking worse than [----] (red) the biggest loss for the dollar in a year since [----] (gray lines)"  
[X Link](https://x.com/biancoresearch/status/1969147480303395180)  2025-09-19T21:11Z 493.6K followers, 25.6K engagements


"1/2 The Mag [--] stocks are now 34.91% of the S&P [---] a new record concentration level"  
[X Link](https://x.com/biancoresearch/status/1969311394106335335)  2025-09-20T08:03Z 494.4K followers, 123.6K engagements


"2/2 As far as the top [--] stocks go they are currently 29.21% of the S&P [---] (right label) the largest weighting for these stocks in at least [--] years"  
[X Link](https://x.com/biancoresearch/status/1969311397021450298)  2025-09-20T08:03Z 493.5K followers, 26.8K engagements


"Cullen is correct in that Miran laid out an understandable argument for lowering rates. And it is because of the detail he gave that he CAN BE criticized. And yes I too have issues with his argument. BUt before we get to that let's give him props the for the detail and transperency. Too many other Fed officials provide a conclusion and a couple of platitudes and leave us guessing as to how they arrived at that conclusion. Really interesting speech here by Miran. A few quick thoughts: 1) I love the transparency and detail. Pretty nice to see a Fed governor lay out their thinking so cleanly. 2)"  
[X Link](https://x.com/biancoresearch/status/1970227706454491223)  2025-09-22T20:44Z 493.5K followers, 66.4K engagements


"Goolsbee says the Fed has to get inflation to 2%. PERIOD But the inflation rate now is well above 2% and its trending higher So how does cutting rates [---] to [---] basis points lower the inflation rate to a target (2%) it hasnt been to in an almost [--] years - Bloomberg headlines FED'S GOOLSBEE: WE DID NOT MOVE INFLATION TARGET FED'S GOOLSBEE: HAVE TO GET INFLATION 2% PERIOD FED'S GOOLSBEE: ANYONE SAYING WE'RE RAISING THE INFLATION TARGET THAT'S DANGEROUS TALK FED'S GOOLSBEE: NEUTRAL IS 100-125 BASIS POINTS BELOW CURRENT RATE FED'S GOOLSBEE: RIGHT NOW I'M NOT THINKING ABOUT [--] BASIS-POINT CUTS"  
[X Link](https://x.com/biancoresearch/status/1970470806724517955)  2025-09-23T12:50Z 493.9K followers, [---] engagements


"1/4 Robert Armstrong has a good read dissecting Mirans speech. He agrees with some parts and disagrees with other parts. Again I give Miran props for laying out his argument in detail. It is because he did this he can be criticized. Too many of the other FOMC members give conclusions without explanations and leave us wondering how they got there. So it is hard to criticize them without knowing why. Lisa Cook who wants to hang on to her job at the Fed so bad she ready to go to the Supreme Court will not even speak at all. She doesnt have to take questions because we all know its going to be"  
[X Link](https://x.com/biancoresearch/status/1971109986920214759)  2025-09-25T07:10Z 494.1K followers, 55.3K engagements


"2/4 My take on Mirans speech is similar to Armstrong I agree with some parts disagree on other parts and left with unconvincing arguments that the neutral funds rate is much lower justifying his outlier dot"  
[X Link](https://x.com/biancoresearch/status/1971110003860963663)  2025-09-25T07:10Z 493.2K followers, [----] engagements


"3/4 But that is ok as Armstrong explained Having an out-of-consensus view on the committee is a good thing: intellectual diversity sharpens minds and improves decision-making. But it places a burden on the outlier to explain themselves. - The Fed needs more unconventional views/thinking followed up with detail and debate and less consensus views/thinking backed up with little to no detail. - On the other side this is from Powells transcript last week. I think its a very important statement and I completely agree with it"  
[X Link](https://x.com/biancoresearch/status/1971110027772690604)  2025-09-25T07:10Z 493.7K followers, 19.3K engagements


"4/4 But Powell just says it. Where is the speech detailing it Where is the white paper What data did he use Im more critical of Powell saying something I agree with and providing no detail then Miran giving lots of detail in something I dont agree with"  
[X Link](https://x.com/biancoresearch/status/1971110031581118812)  2025-09-25T07:10Z 493.5K followers, 16.8K engagements


"@RalevVladimir They are not Government employees in this case as the Federal Reserve funds itself and does not require a budget to be passed by Congress. So they continue to go to work"  
[X Link](https://x.com/biancoresearch/status/1971919423033471060)  2025-09-27T12:46Z 493.5K followers, [---] engagements


"@MichaelHepwort6 No disagreement But the Fed bases its decisions on this data"  
[X Link](https://x.com/biancoresearch/status/1971920044457447438)  2025-09-27T12:49Z 493.5K followers, [----] engagements


"A good analogy for a government shutdown is fasting. Shutting down a little while (less than a week in this case) is not harmful and may be beneficial (not unlike a blizzard shutting down a city for a few days). If it goes on longer (a week to a month) it can accumulate into problems. If it persists for a long time (a month or more) significant problems will likely emerge. --- The longest government shutdown in U.S. history lasted [--] days from December [--] [----] to January [--] [----]. This shutdown occurred during President Donald Trump's administration and was primarily caused by a dispute over"  
[X Link](https://x.com/biancoresearch/status/1971928983613620404)  2025-09-27T13:24Z 493.7K followers, 22.6K engagements


"Essentially this is its new business model . Nvidia is considering a new business model to sell its products to companies that may not be able to purchase the chips on their own. Under this model Nvidia would lease its AI chips a new approach for the company. Full story here: https://t.co/uOOB8iBWHx Nvidia is considering a new business model to sell its products to companies that may not be able to purchase the chips on their own. Under this model Nvidia would lease its AI chips a new approach for the company. Full story here: https://t.co/uOOB8iBWHx"  
[X Link](https://x.com/biancoresearch/status/1971933054445994110)  2025-09-27T13:40Z 494.4K followers, 122K engagements


"The Euro just completed its worst week in the last two months . nice timing by Wall Street (via the FT) below. Recall what happened in [----] to France then dragged into deflation by a gold anchor. A firm Euro is a sign of future weakness not current economic strength https://t.co/voKSNc7PFW Recall what happened in [----] to France then dragged into deflation by a gold anchor. A firm Euro is a sign of future weakness not current economic strength https://t.co/voKSNc7PFW"  
[X Link](https://x.com/biancoresearch/status/1971938925473415170)  2025-09-27T14:04Z 493.9K followers, 53.5K engagements


"WSJ Today Question . is the kind of thing that happens at the bottom the middle of the trend or the top"  
[X Link](https://x.com/biancoresearch/status/1971944109704434157)  2025-09-27T14:24Z 494.4K followers, 59.9K engagements


"If you're unsure . Hanging in Walshs office is art featuring the likeness of fictional superagent Ari Gold played by Jeremy Piven on TVs Entourage"  
[X Link](https://x.com/biancoresearch/status/1971944361232683370)  2025-09-27T14:25Z 493.8K followers, [--] engagements


"Trump posted this an hour ago on Truth Social"  
[X Link](https://x.com/biancoresearch/status/1972040097806930062)  2025-09-27T20:46Z 495.3K followers, 162.5K engagements


"Can Trump fire Jay Powell Powell is a Federal Reserve Governor in addition to being the Chairman of the Federal Reserve. Lisa Cook is also a Federal Reserve Governor who Trump is trying to fire. If the courts rule Trump has the authority to fire Cook the door is open"  
[X Link](https://x.com/biancoresearch/status/1972042862088146986)  2025-09-27T20:57Z 494.4K followers, 23.8K engagements


"My gut feeling Trump just likes the memes stumbled across the picture when he was doom scrolling liked it and reposted it. Ive probably spent more time making these tweets than he did in thinking about sending out this truth. Trump posted this an hour ago on Truth Social. https://t.co/5GEKdfdjIr Trump posted this an hour ago on Truth Social. https://t.co/5GEKdfdjIr"  
[X Link](https://x.com/biancoresearch/status/1972046257251385367)  2025-09-27T21:10Z 495.2K followers, 94K engagements


"So you're saying there is a chance --- Trump to Meet Top Congressional Leaders as US Shutdown Nears The top four congressional leaders will meet with President Donald Trump at the White House on Monday. *JEFFRIES: 'HOPEFUL' ABOUT AVOIDING GOVERNMENT SHUTDOWN Bettors are giving an 83% chance of a shutdown suggesting it will occur at midnight on Wednesday September [--]. The biggest FINANCIAL MARKET impact from a shutdown is the suspension of government-released economic data. In the current case no economic data will be released https://t.co/77xNuzcuYD Bettors are giving an 83% chance of a"  
[X Link](https://x.com/biancoresearch/status/1972305430572654807)  2025-09-28T14:20Z 494.7K followers, 93.1K engagements


"1/4 Trump posted this on Truth Social Yesterday"  
[X Link](https://x.com/biancoresearch/status/1972323630366474295)  2025-09-28T15:32Z 495.1K followers, 234.1K engagements


"2/4 Some perspective (the red box is the chart above)"  
[X Link](https://x.com/biancoresearch/status/1972323633617158277)  2025-09-28T15:32Z 495.1K followers, 22.6K engagements


"1/4 The thread reposted below notes that mortgage rates have been falling since Trump became president. Why 🧵 1/4 Trump posted this on Truth Social Yesterday. https://t.co/GEjBAjjqhy 1/4 Trump posted this on Truth Social Yesterday. https://t.co/GEjBAjjqhy"  
[X Link](https://x.com/biancoresearch/status/1972336068797374906)  2025-09-28T16:22Z 495K followers, 103.5K engagements


"3/4 What has been the principal reason mortgage spreads are lower Bond market volatility is falling. The green line is the same mortgage spread as shown above. The red line is the ICE Move Index which is the VIX of the bond market. They are both moving down together"  
[X Link](https://x.com/biancoresearch/status/1972336075315311012)  2025-09-28T16:22Z 494.7K followers, 22.4K engagements


"4/4 Mortgage spreads are tightening which is causing mortgage rates to decline thanks to falling bond market volatility. However keep sending out posts like this and the RISK is that all this could reverse . in a hurry"  
[X Link](https://x.com/biancoresearch/status/1972336078049931391)  2025-09-28T16:22Z 494.7K followers, 24K engagements


"@Konrad__Adam [--] 1/2 year old chart"  
[X Link](https://x.com/biancoresearch/status/1972337758464352643)  2025-09-28T16:29Z 493.6K followers, [---] engagements


"*ERIC ADAMS DROPPING OUT OF NYC MAYORAL RACE: SPOKESMAN"  
[X Link](https://x.com/biancoresearch/status/1972361506244444325)  2025-09-28T18:03Z 495.6K followers, 143K engagements


"The warning signs are everywhere"  
[X Link](https://x.com/biancoresearch/status/1972369116737781939)  2025-09-28T18:33Z 495.4K followers, 281.4K engagements


"Update and please note the scale. Eric Adams' dropping out of the mayoral race has reduced Mamdani's probability of winning from 87% to 85%. Meaning the bettors think it made no difference. *ERIC ADAMS DROPPING OUT OF NYC MAYORAL RACE: SPOKESMAN https://t.co/RIpz5kglKR *ERIC ADAMS DROPPING OUT OF NYC MAYORAL RACE: SPOKESMAN https://t.co/RIpz5kglKR"  
[X Link](https://x.com/biancoresearch/status/1972636965888778651)  2025-09-29T12:17Z 495K followers, 65.4K engagements


"Bettors are not looking for a last-minute deal to avoid a shutdown"  
[X Link](https://x.com/biancoresearch/status/1973133261007454222)  2025-09-30T21:10Z 495.2K followers, 31.9K engagements


"This means that Trump will need Miran's Governor spot that expires in January to appoint the next Fed Chairman (unless it's Waller or Miran who are already Governors) to replace Powell when his term ends in May. NEW: The Supreme Court will allow Lisa Cook to remain in her job as a Fed governor for now. The Trump administration's application for a stay has been "deferred pending oral argument in January 2026." NEW: The Supreme Court will allow Lisa Cook to remain in her job as a Fed governor for now. The Trump administration's application for a stay has been "deferred pending oral argument in"  
[X Link](https://x.com/biancoresearch/status/1973402506060353946)  2025-10-01T14:59Z 495.3K followers, 53.2K engagements


"It makes sense that the Supreme Court would not let Trump fire Cook now. What if they did Trump appoints someone to fill her seat and that person is confirmed by the Senate as Fed Chairman then she wins her case. How do they undo that There are only seven governor seats and the Senate must approve governors. If she wins and all the seats are filled it can't be undone. --- That said I still think the court will rule that he can fire Cook "for cause" (Courts usually give wide latitude to "for cause" dismissals). However if oral arguments are not until January the court decision is likely to be"  
[X Link](https://x.com/biancoresearch/status/1973407799380951173)  2025-10-01T15:20Z 495.4K followers, 21.6K engagements


"@NickTimiraos And they were narrowed in [----]. The point is the Congress/President has checked the independent power of the Fed many times in the last [---] years. In the last [--] years the Fed has shown it untrustworthy of its unchecked (independent) power"  
[X Link](https://x.com/biancoresearch/status/1974558054340596015)  2025-10-04T19:31Z 496.2K followers, [----] engagements


"Barkin . (conflict of interest he voted in favor of something that personally benefited him.) Richmond Fed President Thomas Barkin held $1.35 million to $3 million in individual corporate bonds purchased before [----]. They include bonds of Pepsi Home Depot and Eli Lilly. The Fed last year opened a corporate bond-buying facility and purchased $46.5 billion of corporate bonds."  
[X Link](https://x.com/biancoresearch/status/1974559340708458910)  2025-10-04T19:36Z 496K followers, [----] engagements


"@darioperkins @NickTimiraos It was a dual mandate"  
[X Link](https://x.com/biancoresearch/status/1974559506584793540)  2025-10-04T19:37Z 494.2K followers, [----] engagements


"@NickTimiraos @vtg2 Are you saying they did enough about this accusation"  
[X Link](https://x.com/biancoresearch/status/1974572542091567289)  2025-10-04T20:29Z 494.4K followers, [----] engagements


"@Whoareyou_X1 @NickTimiraos @vtg2 I was watching the Brewers spank my Cubs"  
[X Link](https://x.com/biancoresearch/status/1974588415846097245)  2025-10-04T21:32Z 494.4K followers, [---] engagements


"4/4 All passive index owners have significant exposure to AI. If not it's because they actively sought out non-AI stocks (orange above) a lagging universe. Is that "something wild" (below) the popping of the AI bubble It's enough to bring down the indices"  
[X Link](https://x.com/biancoresearch/status/1975238824755376420)  2025-10-06T16:36Z 496.1K followers, 17.1K engagements


"The AI Business Model *NVIDIA IS AMONG EQUITY INVESTORS IN MUSK'S XAI CHIP DEAL *MUSKS XAI NEARS $20 BILLION CAPITAL RAISE TIED TO NVIDIA CHIPS"  
[X Link](https://x.com/biancoresearch/status/1975703603005559103)  2025-10-07T23:23Z 496.4K followers, 54.2K engagements


"@failcascade"  
[X Link](https://x.com/biancoresearch/status/1975943113970782366)  2025-10-08T15:15Z 496.6K followers, 29.5K engagements


"--- She is charged with submitting a mortgage application in [----] for a home in Virginia and claiming it was her primary residence. (Her primary residence is in NY). --- Lisa Cook call your attorney. https://www.bloomberg.com/news/articles/2025-10-09/ny-attorney-general-letitia-james-indicted-by-federal-grand-jury https://www.bloomberg.com/news/articles/2025-10-09/ny-attorney-general-letitia-james-indicted-by-federal-grand-jury"  
[X Link](https://x.com/biancoresearch/status/1976408507365904569)  2025-10-09T22:04Z 496.6K followers, 54.3K engagements


"@arpovius Then she should say this instead of remaining silent about the charges. Even her attorney is not contesting the charhey instead arguing that Trump cannot fire her"  
[X Link](https://x.com/biancoresearch/status/1976436593801167085)  2025-10-09T23:56Z 495.6K followers, [---] engagements


"And just like that we are back to early April. *TRUMP: US WILL IMPOSE 100% TARIFF ON CHINA STARTING NOV [--] *TRUMP: US TARIFF ACTION BASED ON CHINA'S EXPORT CONTROLS *TRUMP: US WILL IMPOSE 100% TARIFF ON CHINA STARTING NOV [--] *TRUMP: US TARIFF ACTION BASED ON CHINA'S EXPORT CONTROLS"  
[X Link](https://x.com/biancoresearch/status/1976754197451202935)  2025-10-10T20:58Z 496.6K followers, 84K engagements


"@Im_Alan2 #CACO (China)"  
[X Link](https://x.com/biancoresearch/status/1977425301861773456)  2025-10-12T17:25Z 496.2K followers, 17.3K engagements


"@bunchofnumberz1 One-time adjustments only work if tariffs are hiked once. Trump has been announcing upcoming tariff hikes"  
[X Link](https://x.com/biancoresearch/status/1978528191330332870)  2025-10-15T18:27Z 496.4K followers, [----] engagements


"@givelivegrow @RobVanBatenburg I have never said they have to print. The printing cycle is over. If they repeat it it destroys the financial markets"  
[X Link](https://x.com/biancoresearch/status/1978549748521930997)  2025-10-15T19:53Z 497K followers, [---] engagements


"@dtsr52pw If true cutting rates won't help those hiding economic problems. But the risk is high that rate cuts overheat the "financial channel" worsening inequality and potentially feeding a wealth-driven inflationary rise"  
[X Link](https://x.com/biancoresearch/status/1978809116043640888)  2025-10-16T13:03Z 496.9K followers, [---] engagements


"@FinalSettler What is the problem and how does cutting rates fix this"  
[X Link](https://x.com/biancoresearch/status/1978818858321433019)  2025-10-16T13:42Z 497.1K followers, [---] engagements


"@zugzwangE4 Half the country has little to no assets; they rent and live paycheck to paycheck. The risk is mooning financial markets creating a massive wealth-driven infaltion boom that hurts them"  
[X Link](https://x.com/biancoresearch/status/1978819216712007753)  2025-10-16T13:44Z 497.1K followers, [---] engagements


"Read our thoughts on the rise of Ripple: #ripple #xrp @WSJmarkets @Telegraph http://bit.ly/2CvV2XR http://bit.ly/2CvV2XR"  
[X Link](https://x.com/biancoresearch/status/948287837664874501)  2018-01-02T20:20Z 422K followers, [--] engagements


"Is A Major Regime Shift Between Stocks & Bonds Underway Read our report here: http://bit.ly/2Fj3Ssy http://bit.ly/2Fj3Ssy"  
[X Link](https://x.com/biancoresearch/status/969611102735814657)  2018-03-02T16:31Z 422.7K followers, [--] engagements


"Free research report: Move Over Federal Reserve All Eyes are on the ECB and BoJ #FederalReserve #ecb #boj http://bit.ly/2FdShf5 http://bit.ly/2FdShf5"  
[X Link](https://x.com/biancoresearch/status/970750989807562754)  2018-03-05T20:00Z 422.2K followers, [--] engagements


"Renewed flattening in the yield curve has rekindled talk of recession signals. Read our thoughts on this for free here: http://bit.ly/2H9eS9K http://bit.ly/2H9eS9K"  
[X Link](https://x.com/biancoresearch/status/986623844524986368)  2018-04-18T15:13Z 422.1K followers, [--] engagements

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