CaptainJack_sMacroStr

JPMorgan Chase just made a move. Started writing down loans in their private credit portfolio.
Basically telling Wall Street: the collateral you're holding isn't worth what you think.
So it's time to tighten the spigot. Stop giving these lending companies as much money.
Who are these companies?
Blackstone, Blue Owl, BlackRock...
They're all major arteries pumping blood into high-risk companies.
Now those arteries are about to get squeezed.
Here's what's interesting: other bank executives are still saying they haven't seen anyone else do this.
Only JPMorgan Chase fired the first shot.

# 1 Million from 10 Years Ago - What It's Worth Now?
If you had 1 million 10 years ago, do you know how big the difference is between buying different assets?
If you bought Nvidia: 43 million yuan
Tesla: 31 million yuan
Apple: 11 million yuan
Moutai: 9 million yuan
Nasdaq Index: 5 million yuan
Gold: 3.3 million yuan
First-tier domestic real estate: 2 million yuan
Government bonds: 1.4 million yuan
Banks: 1.3 million yuan
CSI 300 Index: 1.04 million yuan
Third and fourth-tier real estate: 1 million yuan
Steel stocks: 800,000 yuan
If you bought P2P 10 years ago: wealth reduced to zero

There have been two pieces of news in the past couple of days.
One is that Netanyahu was injured or killed. This is false information. It's part of Iran's cognitive warfare.
The second is that JD Vance hasn't been appearing much: he may have disagreements or conflicts with Trump over the Iran war issue. This is most likely true.

A regulatory document submitted on Wednesday revealed that after investors attempted to redeem nearly 11% of the circulating shares, Wall Street banking giant Morgan Stanley (MS.N) imposed redemption restrictions on one of its private credit funds.
Following several credit issues in recent months, a series of negative news has sparked a new round of scrutiny of the approximately $2 trillion private credit market. Investors are beginning to question the health of loan portfolios and borrowers' repayment ability in a high-interest-rate environment.
Morgan Stanley Private Credit stated in a lette

Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Suzhou, Nanjing, CBD core skyscrapers, all turned into loser assets😃😃
Medical beauty, massage, tea houses, insurance, training
In the future, rent will decrease by 10% annually for five consecutive years, completely turning into junk assets, negative assets, hahaha

The US and Iran have been at war for 12 days, and the PLA has at least confirmed these four things:
1. The Americans still do not have highly effective countermeasures against drones;
2. The Americans still cannot efficiently intercept hypersonic weapons;
3. If the conflict drags on a little longer, the whole world won't be able to take it;
4. No matter how well the fighting goes, the Americans always have a way to bring themselves down.

Here's a joke: the last time I was decisively selected was during the company's layoffs 😅

The crayfish took a few days, and it feels similar to hiring Indian employees:
1. They say all the right things
2. Spent a lot of tokens
3. Wrote a bunch of daily reports, can't say I didn't do any work, but it's useless and needs to be fixed myself.

Iran's Minister of Sports announced that the Iranian football team has refused to participate in the 2026 US World Cup
— China team as a substitute?

Back then, South Korea forcibly deployed THAAD, paying a price that made China-Korea relations irreparable. Now, THAAD has been moved to the Middle East with just a word from the U.S., and it might even have been destroyed by Iran.
This sense of emptiness is like selling oneself for over a year to send a younger brother to school, only to have one's reputation ruined and health broken down. In the end, it turns out that the younger brother not only never went to school but also used her money to visit prostitutes.

1. Don't buy at the original price, wait for a price drop
2. Don't buy when the price drops, wait for the new model
3. When the new model is released, don't buy immediately, wait for a price drop
4. When the price drops, don't buy, wait for the new model...
Deflation, the cycle is closed 😃😃

Dr. Li Yizhou, Master Zhou Hongyi, Sun Ge, when these people gather together, it indicates that this technology (OpenClaw) has completely entered the mainstream, and it also means that noise has surpassed signals.
When Li Yizhou, Zhou Hongyi, and others explain, OpenClaw(Crayfish) is at a turning point from "Geek Bible" to "Harvest Scene"😅

2026, Middle school students peak
2029, High school
2032, College students peak
2042, College student numbers halve???
Having a baby next year, exempt from entrance exam to second-tier universities in 2046???

Lingjun Investment wins the 2025 Billion Private Equity Champion with a return of 73.51%;
Runner-up Yuanxin Investment employs a subjective long strategy, with a 2025 annual return of 72.05%;
Third place Fusheng Asset has an annual return of 70.57%, using a subjective long strategy.
In terms of return distribution, among the 75 billion private equity firms, 18 have returns within 20%, 45 have returns between 20% and 50%, and 11 have returns over 50%.

The US-Iran war lasted 11 days, with emerging markets performing the worst, while A-shares performed the best among emerging markets.
The Hang Seng Tech is considered Beta.
The index issue is not significant; the casino continues...

Why do Iran's attacks seem not to have hit Israel? Is it because Israel can intercept missiles?
No, it's because Israel can intercept video😅