Home Affordability Crisis, Palantir's Advantage, Big Short on AI, H-1B Abuse, Solar Storm Hits Earth

Alright, everybody. Shamoff is here. I'm here. Freeburg's here. But Saxxy poo, he was up late at the White House. We'll show some pictures later. He couldn't make it today, but let's get started. We wanted to get you a show, and we wanted to get it to you on time for your weekend. Let's start with Michael Burry and his shorts. You guys know, obviously, Michael Burry. He's the capital allocator from The Big Short, and, he just deregistered his firm with the SEC. He made a big bet against AI and Palantir. He disclosed the shorts against Palantir a couple weeks ago. They weren't huge. CNBC apparently reported that the value was, like, 900,000,000. Burry says CNBC was wrong that it was just 9,000,000, but he had a really interesting accusation, and it's related to what we've been talking about here on the show with the build out of Can we I'm sorry. But can we just talk about the complete and total financial illiteracy of the mainstream media? Mhmm. How do you how do you confuse 9,000,000 and 900,000,000? How do you do that? I think maybe it's the cost of the shorts versus the value of the stock that the shorts represent. No. It's because there's a 100 shares per option, so they were Oh, I see. Yes. Because the options have a 100. Of course. Applied a multiple and they got it wrong. Got it. It was Okay. Yeah. So the math, the calculator, because they got the calculator wrong. It's not that they got the calculator wrong. It's just that they're so uninvested in assets that they don't know how asset markets work, I think, is the more logical explanation. Meaning, if you've ever bought a home, you probably know what people are talking about when they're talking about financial elements related to a home. But But I guess if you've never owned a stock or you've never Mhmm. Hedged a position or had an option, you don't really know how any of it works. But then the problem isn't the person that wrote it, then there's no fact checking and the whole thing just gets an entire news cycle on its own, which, by the way, helped his short, and it never shoulda. Because if you heard that some random dude had a $9,000,000 bet against the market, you would think nothing of it. But then to manufacture a headline about somebody That's a good point. Who had a moment. It was almost twenty years ago, but whatever. He had a moment where he was kinda right. You short the market and you get it two orders of magnitude wrong, that seems quite wrong. Yeah. And to your point, there is a ramification of it, which is it created a headwind against the already AI bubble, which was deflating after Brad Gerstner popped it. I'll take a walk down conspiracy corner. Oh. Maybe the actual person is not economically illiterate, but the exact …