An independent short-only invst. research firm. X is Not Fin Advise. Short: https://xitter.cf/t.co/ofRJpAEMjI Macro Credit: https://xitter.cf/t.co/zJJixDTTDn
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Joined March 2021
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We have some news to share with you.
We are launching a short-biased fund. We are thrilled to announce that @michaeljburry will act as a senior advisor to our fund, Minerva Investment Management LLC.
An abridged note below.
🚨Breaking from the ground on Data centers:
Hyperscalers: Our Unicus Research Team Is On The Road - Intro Vlog Day 1 @m3_melody
This intro is accessible to all. Access below.
contrarianunicus.substack.co…
To anyone who pre-buys (report will be delivered next month on data centers) will get a one year complimentary Confidential Insight membership.
Stay tuned.
Insane
Thanks @m3_melody and @TravisREMindset for doing the great work
We have the exclusive….access to detailed report. Stay tuned for vlogs in substack as well.
Up for a chill afternoon at the community pool? The noise, natural gas odor and awesome view guarantee a good time.
@TravisREMindset
@UnicusResearch
GAME ON 🏒
The puck is down between the #Oilers & Maple Leafs!
📺: @Sportsnet
📻: @CHED880
#LetsGoOilers
Barclays is shifting away from being the house built by fixed income to focus on equities. bloomberg.com/news/articles/…
🚩🚩Are insurance companies quietly going bust?
- Yes. there was one in 2024 - with PE firm sidekick, Golden Gate Capital. It won't be resolved until 2027.
Is the mainstream media covering before it happens?
- No
Last time, we looked back at five insurance disasters.
This time, we are asking the uncomfortable question.
Is any of that happening now?
The answer is yes. And it is "legal."
See below to access the insurance company that quietly went bust.
Is your retirement safe? probably yes, or maybe.
Be in the Know: contrarianunicus.substack.co…
🚨Our team is on the ground to do investigative, proprietary research on Data centers.
As we mentioned earlier, to book for our exclusive deep dive report - early bird pricing is below:
Early Bird pricing for proprietary report on hyperscalers: buy.stripe.com/9B6dR9gOofi40…
Limited spots open.
Details here: Boots on the Ground: Our Unicus Research Team Goes To Texas.
Timeline: 12 days. 7 sites.
One question: What is really being built?
Here is what we are covering: Hyperscalers to Chip Fabrication Plants.
Where we are going:
San Antonio: Vantage and Microsoft
El Paso: Meta and BlackRock
Abilene: Stargate and Lancium
Shackelford County: Vantage Frontier
Granbury: MARA Holdings
Grimes County: Terafab
Matagorda County: MARA Holdings and HIF (time permitting)
What we are tracking at every site:
- Debt: Who owns the building. Who holds the paper.
- Power: Permits filed and not filed. Where the electricity comes from. Behind-the-meter builds.
- Water: How much, from where, and which aquifer.
- Community: Who pays. Who benefits. What locals actually think.
- Litigation: What is pending and who is exposed.
- Land and taxes: Incentives, abatements, and the effect on local housing. and more.
How you get access to this proprietary information?
buy.stripe.com/9B6dR9gOofi40…
And I am trying to grow my way out of my 5 feet one inch height with ridiculous heels.
However, that never solves the problem that I am still 5 foot 1.... does it?
So, what he is saying is, the only way to grow out of debt is by taking on more debt?
🚨 Scott Bessent: “We need to grow our way out of the $40 Trillion Debt with AI and Stablecoins.”
Anthropic’s IPO Draft Revealed Something Very Interesting:
Valuation: $2 Trillion
Revenue: $16.8 Billion
Net Loss: $80.7 Billion
All major AI companies in a similar condition.
The AI infrastructure companies are betting on their success too.
It’s gonna be a wild ride…
awww the banks now have an invisible AI bogey-agent to hide behind for the banks reckless actions.
MAJOR U.S. BANKS DETECT UNAUTHORIZED AI AGENTS ACCESSING CUSTOMER ACCOUNTS — AXIOS
Major banks, including $JPM, $BAC, $MS and $WFC, are confronting security risks from third-party AI agents accessing customer accounts, according to Axios.
Some agents have reportedly attempted actions beyond user instructions, raising concerns about unauthorized transactions and fund transfers.
Morgan Stanley has begun blocking third-party agents, while JPMorgan, Bank of America and Citi are restricting access.
Banks warn they cannot reliably distinguish legitimate user activity from autonomous AI agents, even when customers have voluntarily shared their credentials.
$TSLA was never a car company.
It is an everything company, or a nothing company.
It’s all in the spin.
It’s sad when illusion is regarded as reality.
Elon Musk wants to combine Tesla and SpaceX in a $3.7 trillion deal. He’s rushing to get it done before Trump leaves office bloomberg.com/news/features/…
3. We have seen this before. Not once, but five times, in five different shapes.
- A piano company that put annuity money into its own affiliates.
- An insurer that bought whatever its favorite bond house sold.
- A fraud that turned reinsurance into fake capital.
- A London market where nobody knew who held the risk.
- And a country where insurers promised 4% and earned 2%, then failed one by one.
4. Today’s PE-owned insurers can carry all five features at once. That is our thesis, and below the line we lay out the evidence, piece by piece, starting with regulatory filings.
We have an interlinked systemic problem with Private Equity, Private Credit, Insurance, and Reinsurance. Anyone who says otherwise is in deep denial and/or has not actually looked.
Be in the Know: contrarianunicus.substack.co…