if there's abundance in the future will there be levels of items like where are now. example of high end, mid, low/cheap...or will everything just be the high end; only the best will win since it's abudant. or will it be the right item for the right situation. do cheap things go away?
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🚫First the Iranian regime claimed and re-claimed (five days in a row) that it sank USS Abraham Lincoln (CVN 72). Now, the regime claims the aircraft carrier has miraculously resurfaced and "left the battlefield" after "encountering Iranian missiles and drones." NEED WE SAY MORE?
✅Photos from today in the Arabian Sea ⬇️
🚨 SOMETHING BIG JUST HAPPENED
BlackRock, the world’s largest asset manager, just BLOCKED withdrawals.
Investors tried to pull $1.2 BILLION from its $26B private credit fund.
BlackRock said NO and capped withdrawals at 5%.
Nearly HALF the investors who wanted out were denied their money.
At the same time, Blackstone faced record withdrawals and had to inject $400M of its own cash.
When the BIGGEST funds on Earth start limiting withdrawals, it is a MAJOR WARNING sign for the entire $1.8 TRILLION private credit market.
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