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aria-expanded="false" data-headlessui-state=""><span style="color:#222222;font-family:Helvetica, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="text-xs sm:block text-md font-regular font-ariel">Degenerate Economy</span><div style="color:#222222"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24" fill="currentColor" aria-hidden="true" data-slot="icon" class=" ml-2 h-3 w-3 transition duration-150 ease-in-out"><path fill-rule="evenodd" d="M12.53 16.28a.75.75 0 0 1-1.06 0l-7.5-7.5a.75.75 0 0 1 1.06-1.06L12 14.69l6.97-6.97a.75.75 0 1 1 1.06 1.06l-7.5 7.5Z" clip-rule="evenodd"></path></svg></div></button></div></div><div hidden="" style="position:fixed;top:1px;left:1px;width:1px;height:0;padding:0;margin:-1px;overflow:hidden;clip:rect(0, 0, 0, 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1-2.652-.316c-1.978-.29-3.348-2.024-3.348-3.97V6.741c0-1.946 1.37-3.68 3.348-3.97Z" clip-rule="evenodd"></path></svg></span></div></div><div class="cursor-pointer space-y-1"><h2 style="color:#222222;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="line-clamp-2 hover:underline sm:line-clamp-3 text-lg sm:text-xl font-semibold wt-header-font">Momentum Monday - Strong Software, Semiconductors Under Pressure.</h2><p style="color:#000000;font-family:Helvetica, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="line-clamp-2 sm:line-clamp-3 text-md font-light font-helvetica">A September to Remember as Treasuries Rise and Semiconductors Struggle?</p></div></div></a><a class="group flex flex-col items-start space-x-0 space-y-1 sm:flex-row sm:items-center sm:space-x-2 sm:space-y-0" data-discover="true" href="/authors"><div class="flex -space-x-1.5 overflow-hidden"><div class="h-7 w-7 rounded-full"><img class="inline-block h-7 w-7 rounded-full" src="https://beehiiv-images-production.s3.amazonaws.com/uploads/user/profile_picture/09f8072d-6fde-4a83-806f-ddc894f126f7/2zV47H1f_400x400.jpeg" alt="Howard Lindzon" style="border:1px solid #FFFFFF"/></div></div><div class="flex items-center"><span style="color:#ed2062;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="group-hover:underline text-xs sm:text-sm font-semibold wt-body-font">Howard Lindzon</span></div></a></div></div></div><div class="transparent h-full cursor-pointer overflow-hidden rounded-lg flex flex-col border" style="background-color:#FFFFFF;border-color:#FFFFFF"><div class="relative w-full"><div class="flex items-center gap-1 absolute left-4 top-4 z-10"></div><a class="" data-discover="true" href="/p/cutting-out-the-middleman-in-the-degenerate-economy-expands-into-wealth-tech-the-self-clearing-boom"><div class="w-full"><figure class="aspect-social relative h-full overflow-hidden w-full"><img loading="eager" width="800" height="421" src="https://media.beehiiv.com/cdn-cgi/image/format=auto,width=800,height=421,fit=scale-down,onerror=redirect/uploads/publication/thumbnail/a7961dcf-8510-4392-ba5f-2d1b0cfbf3c3/landscape_HowardF.jpg" alt="Cutting Out The Middleman In The Degenerate Economy Expands Into Wealth Tech...The Self-Clearing Boom" class="absolute inset-0 h-full w-full object-cover"/></figure></div></a></div><div class="w-full p-3"><div class="space-y-3"><a class="" data-discover="true" href="/p/cutting-out-the-middleman-in-the-degenerate-economy-expands-into-wealth-tech-the-self-clearing-boom"><div class="space-y-2"><div class="flex flex-wrap-reverse items-center justify-between"><div class="flex items-center space-x-1"><span style="color:#ed2062;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="!text-xs text-gray-600 text-xs sm:text-sm font-light wt-body-font"><time dateTime="2026-08-30T14:37:22.025Z">Aug 30, 2026</time></span></div><div class="flex items-center space-x-3"><span style="color:#ed2062" class="flex items-center space-x-0.5 text-sm font-regular font-ariel"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24" fill="currentColor" aria-hidden="true" data-slot="icon" class="h-4 w-4"><path d="m11.645 20.91-.007-.003-.022-.012a15.247 15.247 0 0 1-.383-.218 25.18 25.18 0 0 1-4.244-3.17C4.688 15.36 2.25 12.174 2.25 8.25 2.25 5.322 4.714 3 7.688 3A5.5 5.5 0 0 1 12 5.052 5.5 5.5 0 0 1 16.313 3c2.973 0 5.437 2.322 5.437 5.25 0 3.925-2.438 7.111-4.739 9.256a25.175 25.175 0 0 1-4.244 3.17 15.247 15.247 0 0 1-.383.219l-.022.012-.007.004-.003.001a.752.752 0 0 1-.704 0l-.003-.001Z"></path></svg></span><span style="color:#ed2062" class="flex items-center space-x-0.5 text-sm font-regular font-ariel"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24" fill="currentColor" aria-hidden="true" data-slot="icon" class="h-4 w-4"><path fill-rule="evenodd" d="M4.848 2.771A49.144 49.144 0 0 1 12 2.25c2.43 0 4.817.178 7.152.52 1.978.292 3.348 2.024 3.348 3.97v6.02c0 1.946-1.37 3.678-3.348 3.97-1.94.284-3.916.455-5.922.505a.39.39 0 0 0-.266.112L8.78 21.53A.75.75 0 0 1 7.5 21v-3.955a48.842 48.842 0 0 1-2.652-.316c-1.978-.29-3.348-2.024-3.348-3.97V6.741c0-1.946 1.37-3.68 3.348-3.97Z" clip-rule="evenodd"></path></svg></span></div></div><div class="cursor-pointer space-y-1"><h2 style="color:#222222;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="line-clamp-2 hover:underline sm:line-clamp-3 text-lg sm:text-xl font-semibold wt-header-font">Cutting Out The Middleman In The Degenerate Economy Expands Into Wealth Tech...The Self-Clearing Boom</h2></div></div></a><a class="group flex flex-col items-start space-x-0 space-y-1 sm:flex-row sm:items-center sm:space-x-2 sm:space-y-0" data-discover="true" href="/authors"><div class="flex -space-x-1.5 overflow-hidden"><div class="h-7 w-7 rounded-full"><img class="inline-block h-7 w-7 rounded-full" src="https://beehiiv-images-production.s3.amazonaws.com/uploads/user/profile_picture/09f8072d-6fde-4a83-806f-ddc894f126f7/2zV47H1f_400x400.jpeg" alt="Howard Lindzon" style="border:1px solid #FFFFFF"/></div></div><div class="flex items-center"><span style="color:#ed2062;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="group-hover:underline text-xs sm:text-sm font-semibold wt-body-font">Howard Lindzon</span></div></a></div></div></div><div class="transparent h-full cursor-pointer overflow-hidden rounded-lg flex flex-col border" style="background-color:#FFFFFF;border-color:#FFFFFF"><div class="relative w-full"><div class="flex items-center gap-1 absolute left-4 top-4 z-10"></div><a class="" data-discover="true" href="/p/to-slop-or-not-to-slop"><div class="w-full"><figure class="aspect-social relative h-full overflow-hidden w-full"><img loading="eager" width="800" height="421" src="https://media.beehiiv.com/cdn-cgi/image/format=auto,width=800,height=421,fit=scale-down,onerror=redirect/uploads/publication/thumbnail/a7961dcf-8510-4392-ba5f-2d1b0cfbf3c3/landscape_HowardF.jpg" alt="To Slop or Not To Slop..." class="absolute inset-0 h-full w-full object-cover"/></figure></div></a></div><div class="w-full p-3"><div class="space-y-3"><a class="" data-discover="true" href="/p/to-slop-or-not-to-slop"><div class="space-y-2"><div class="flex flex-wrap-reverse items-center justify-between"><div class="flex items-center space-x-1"><span style="color:#ed2062;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="!text-xs text-gray-600 text-xs sm:text-sm font-light wt-body-font"><time dateTime="2026-08-26T14:58:07.209Z">Aug 26, 2026</time></span></div><div class="flex items-center space-x-3"><span style="color:#ed2062" class="flex items-center space-x-0.5 text-sm font-regular font-ariel"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24" fill="currentColor" aria-hidden="true" data-slot="icon" class="h-4 w-4"><path d="m11.645 20.91-.007-.003-.022-.012a15.247 15.247 0 0 1-.383-.218 25.18 25.18 0 0 1-4.244-3.17C4.688 15.36 2.25 12.174 2.25 8.25 2.25 5.322 4.714 3 7.688 3A5.5 5.5 0 0 1 12 5.052 5.5 5.5 0 0 1 16.313 3c2.973 0 5.437 2.322 5.437 5.25 0 3.925-2.438 7.111-4.739 9.256a25.175 25.175 0 0 1-4.244 3.17 15.247 15.247 0 0 1-.383.219l-.022.012-.007.004-.003.001a.752.752 0 0 1-.704 0l-.003-.001Z"></path></svg></span><span style="color:#ed2062" class="flex items-center space-x-0.5 text-sm font-regular font-ariel"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24" fill="currentColor" aria-hidden="true" data-slot="icon" class="h-4 w-4"><path fill-rule="evenodd" d="M4.848 2.771A49.144 49.144 0 0 1 12 2.25c2.43 0 4.817.178 7.152.52 1.978.292 3.348 2.024 3.348 3.97v6.02c0 1.946-1.37 3.678-3.348 3.97-1.94.284-3.916.455-5.922.505a.39.39 0 0 0-.266.112L8.78 21.53A.75.75 0 0 1 7.5 21v-3.955a48.842 48.842 0 0 1-2.652-.316c-1.978-.29-3.348-2.024-3.348-3.97V6.741c0-1.946 1.37-3.68 3.348-3.97Z" clip-rule="evenodd"></path></svg></span></div></div><div class="cursor-pointer space-y-1"><h2 style="color:#222222;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="line-clamp-2 hover:underline sm:line-clamp-3 text-lg sm:text-xl font-semibold wt-header-font">To Slop or Not To Slop...</h2></div></div></a><a class="group flex flex-col items-start space-x-0 space-y-1 sm:flex-row sm:items-center sm:space-x-2 sm:space-y-0" data-discover="true" href="/authors"><div class="flex -space-x-1.5 overflow-hidden"><div class="h-7 w-7 rounded-full"><img class="inline-block h-7 w-7 rounded-full" src="https://beehiiv-images-production.s3.amazonaws.com/uploads/user/profile_picture/09f8072d-6fde-4a83-806f-ddc894f126f7/2zV47H1f_400x400.jpeg" alt="Howard Lindzon" style="border:1px solid #FFFFFF"/></div></div><div class="flex items-center"><span style="color:#ed2062;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="group-hover:underline text-xs sm:text-sm font-semibold wt-body-font">Howard Lindzon</span></div></a></div></div></div><div class="transparent h-full cursor-pointer overflow-hidden rounded-lg flex flex-col border" style="background-color:#FFFFFF;border-color:#FFFFFF"><div class="relative w-full"><div class="flex items-center gap-1 absolute left-4 top-4 z-10"></div><a class="" data-discover="true" href="/p/momentum-monday-ai-adjacent-biotechs-schwab-and-instacart"><div class="w-full"><figure class="aspect-social relative h-full overflow-hidden w-full"><img loading="eager" width="800" height="421" src="https://media.beehiiv.com/cdn-cgi/image/format=auto,width=800,height=421,fit=scale-down,onerror=redirect/uploads/asset/file/e7e39d32-7184-43b1-a489-fc00dd0be3e4/MOMENTUM_MONDAY.jpg" alt="Momentum Monday - AI Adjacent...Biotechs, Schwab and Instacart" class="absolute inset-0 h-full w-full object-cover"/></figure></div></a></div><div class="w-full p-3"><div class="space-y-3"><a class="" data-discover="true" href="/p/momentum-monday-ai-adjacent-biotechs-schwab-and-instacart"><div class="space-y-2"><div class="flex flex-wrap-reverse items-center justify-between"><div class="flex items-center space-x-1"><span style="color:#ed2062;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="!text-xs text-gray-600 text-xs sm:text-sm font-light wt-body-font"><time dateTime="2026-08-25T15:21:27.722Z">Aug 25, 2026</time></span></div><div class="flex items-center space-x-3"><span style="color:#ed2062" class="flex items-center space-x-0.5 text-sm font-regular font-ariel"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24" fill="currentColor" aria-hidden="true" data-slot="icon" class="h-4 w-4"><path d="m11.645 20.91-.007-.003-.022-.012a15.247 15.247 0 0 1-.383-.218 25.18 25.18 0 0 1-4.244-3.17C4.688 15.36 2.25 12.174 2.25 8.25 2.25 5.322 4.714 3 7.688 3A5.5 5.5 0 0 1 12 5.052 5.5 5.5 0 0 1 16.313 3c2.973 0 5.437 2.322 5.437 5.25 0 3.925-2.438 7.111-4.739 9.256a25.175 25.175 0 0 1-4.244 3.17 15.247 15.247 0 0 1-.383.219l-.022.012-.007.004-.003.001a.752.752 0 0 1-.704 0l-.003-.001Z"></path></svg></span><span style="color:#ed2062" class="flex items-center space-x-0.5 text-sm font-regular font-ariel"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24" fill="currentColor" aria-hidden="true" data-slot="icon" class="h-4 w-4"><path fill-rule="evenodd" d="M4.848 2.771A49.144 49.144 0 0 1 12 2.25c2.43 0 4.817.178 7.152.52 1.978.292 3.348 2.024 3.348 3.97v6.02c0 1.946-1.37 3.678-3.348 3.97-1.94.284-3.916.455-5.922.505a.39.39 0 0 0-.266.112L8.78 21.53A.75.75 0 0 1 7.5 21v-3.955a48.842 48.842 0 0 1-2.652-.316c-1.978-.29-3.348-2.024-3.348-3.97V6.741c0-1.946 1.37-3.68 3.348-3.97Z" clip-rule="evenodd"></path></svg></span></div></div><div class="cursor-pointer space-y-1"><h2 style="color:#222222;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="line-clamp-2 hover:underline sm:line-clamp-3 text-lg sm:text-xl font-semibold wt-header-font">Momentum Monday - AI Adjacent...Biotechs, Schwab and Instacart</h2><p style="color:#000000;font-family:Helvetica, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="line-clamp-2 sm:line-clamp-3 text-md font-light font-helvetica">And the big rally in Gold and Crypto </p></div></div></a><a class="group flex flex-col items-start space-x-0 space-y-1 sm:flex-row sm:items-center sm:space-x-2 sm:space-y-0" data-discover="true" href="/authors"><div class="flex -space-x-1.5 overflow-hidden"><div class="h-7 w-7 rounded-full"><img class="inline-block h-7 w-7 rounded-full" src="https://beehiiv-images-production.s3.amazonaws.com/uploads/user/profile_picture/09f8072d-6fde-4a83-806f-ddc894f126f7/2zV47H1f_400x400.jpeg" alt="Howard Lindzon" style="border:1px solid #FFFFFF"/></div></div><div class="flex items-center"><span style="color:#ed2062;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="group-hover:underline text-xs sm:text-sm font-semibold wt-body-font">Howard Lindzon</span></div></a></div></div></div><div class="transparent h-full cursor-pointer overflow-hidden rounded-lg flex flex-col border" style="background-color:#FFFFFF;border-color:#FFFFFF"><div class="relative w-full"><div class="flex items-center gap-1 absolute left-4 top-4 z-10"></div><a class="" data-discover="true" href="/p/the-degenerate-government-and-the-degenerate-economy-the-ponzi-stage"><div class="w-full"><figure class="aspect-social relative h-full overflow-hidden w-full"><img loading="eager" width="800" height="421" src="https://media.beehiiv.com/cdn-cgi/image/format=auto,width=800,height=421,fit=scale-down,onerror=redirect/uploads/asset/file/360dc3fd-e1fd-4379-a6c3-57512f2c29b8/HQHQPoRXYAA9dSP.jpg" alt="The Degenerate Government and The Degenerate Economy - The Ponzi Stage" class="absolute inset-0 h-full w-full object-cover"/></figure></div></a></div><div class="w-full p-3"><div class="space-y-3"><a class="" data-discover="true" href="/p/the-degenerate-government-and-the-degenerate-economy-the-ponzi-stage"><div class="space-y-2"><div class="flex flex-wrap-reverse items-center justify-between"><div class="flex items-center space-x-1"><span style="color:#ed2062;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="!text-xs text-gray-600 text-xs sm:text-sm font-light wt-body-font"><time dateTime="2026-08-23T14:15:33.134Z">Aug 23, 2026</time></span></div><div class="flex items-center space-x-3"><span style="color:#ed2062" class="flex items-center space-x-0.5 text-sm font-regular font-ariel"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24" fill="currentColor" aria-hidden="true" data-slot="icon" class="h-4 w-4"><path d="m11.645 20.91-.007-.003-.022-.012a15.247 15.247 0 0 1-.383-.218 25.18 25.18 0 0 1-4.244-3.17C4.688 15.36 2.25 12.174 2.25 8.25 2.25 5.322 4.714 3 7.688 3A5.5 5.5 0 0 1 12 5.052 5.5 5.5 0 0 1 16.313 3c2.973 0 5.437 2.322 5.437 5.25 0 3.925-2.438 7.111-4.739 9.256a25.175 25.175 0 0 1-4.244 3.17 15.247 15.247 0 0 1-.383.219l-.022.012-.007.004-.003.001a.752.752 0 0 1-.704 0l-.003-.001Z"></path></svg></span><span style="color:#ed2062" class="flex items-center space-x-0.5 text-sm font-regular font-ariel"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24" fill="currentColor" aria-hidden="true" data-slot="icon" class="h-4 w-4"><path fill-rule="evenodd" d="M4.848 2.771A49.144 49.144 0 0 1 12 2.25c2.43 0 4.817.178 7.152.52 1.978.292 3.348 2.024 3.348 3.97v6.02c0 1.946-1.37 3.678-3.348 3.97-1.94.284-3.916.455-5.922.505a.39.39 0 0 0-.266.112L8.78 21.53A.75.75 0 0 1 7.5 21v-3.955a48.842 48.842 0 0 1-2.652-.316c-1.978-.29-3.348-2.024-3.348-3.97V6.741c0-1.946 1.37-3.68 3.348-3.97Z" clip-rule="evenodd"></path></svg></span></div></div><div class="cursor-pointer space-y-1"><h2 style="color:#222222;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="line-clamp-2 hover:underline sm:line-clamp-3 text-lg sm:text-xl font-semibold wt-header-font">The Degenerate Government and The Degenerate Economy - The Ponzi Stage</h2></div></div></a><a class="group flex flex-col items-start space-x-0 space-y-1 sm:flex-row sm:items-center sm:space-x-2 sm:space-y-0" data-discover="true" href="/authors"><div class="flex -space-x-1.5 overflow-hidden"><div class="h-7 w-7 rounded-full"><img class="inline-block h-7 w-7 rounded-full" src="https://beehiiv-images-production.s3.amazonaws.com/uploads/user/profile_picture/09f8072d-6fde-4a83-806f-ddc894f126f7/2zV47H1f_400x400.jpeg" alt="Howard Lindzon" style="border:1px solid #FFFFFF"/></div></div><div class="flex items-center"><span style="color:#ed2062;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="group-hover:underline text-xs sm:text-sm font-semibold wt-body-font">Howard Lindzon</span></div></a></div></div></div><div class="transparent h-full cursor-pointer overflow-hidden rounded-lg flex flex-col border" style="background-color:#FFFFFF;border-color:#FFFFFF"><div class="relative w-full"><div class="flex items-center gap-1 absolute left-4 top-4 z-10"></div><a class="" data-discover="true" href="/p/the-degenerate-economy-meets-the-capex-boom-bubble"><div class="w-full"><figure class="aspect-social relative h-full overflow-hidden w-full"><img loading="eager" width="800" height="421" 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The Degenerate Economy Index Up 130%</p></a><a href="https://chatgpt.com/share/69581776-9550-8011-8b29-4f1ac42fde08" target="_blank" rel="nofollow noreferrer noopener" class="underline"><p style="color:#222222;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="text-xs sm:text-sm font-semibold font-ariel">ChatGPT on how I discuss the Degenerate Economy</p></a><a href="https://www.howardlindzon.com/p/degenerate-economy-begin-take-faz-mobile-stocktwits-memecoin" target="_blank" rel="nofollow noreferrer noopener" class="underline"><p style="color:#222222;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="text-xs sm:text-sm font-semibold font-ariel">When Did The Degenerate Economy Begin?</p></a><a href="https://www.howardlindzon.com/p/update-degenerate-economy-rules-advice" target="_blank" rel="nofollow noreferrer noopener" class="underline"><p style="color:#222222;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="text-xs sm:text-sm font-semibold font-ariel">Some Rules And Advice Around The Degenerate Economy</p></a><a href="https://www.howardlindzon.com/p/the-dark-side-and-the-potential-of-the-degenerate-economy" target="_blank" rel="nofollow noreferrer noopener" class="underline"><p style="color:#222222;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="text-xs sm:text-sm font-semibold font-ariel">The Dark Side Of The Degenerate Economy</p></a><a href="https://www.howardlindzon.com/p/the-degenerate-economy-here-come-supply-ebad" target="_blank" rel="nofollow noreferrer noopener" class="underline"><p style="color:#222222;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="text-xs sm:text-sm font-semibold font-ariel">The Degenerate Economy...Here Comes Supply...</p></a><a href="https://www.howardlindzon.com/p/the-degenerate-economy-is-too-crowded-and-inflation-is-a-nightmare" target="_blank" rel="nofollow noreferrer noopener" class="underline"><p style="color:#222222;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="text-xs sm:text-sm font-semibold font-ariel">The Degenerate Economy Is Too Crowded</p></a></div></div><div class="flex grow basis-0 flex-col gap-y-3"><p style="color:#222222;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="text-xs sm:text-sm font-semibold font-ariel">The Howard Lindzon Show</p><div class="flex flex-col gap-y-2"><a href="https://thehowardlindzonshow.stocktwits.com/" target="_blank" rel="nofollow noreferrer noopener" class="underline"><p style="color:#222222;font-family:Lato, sans-ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto,&quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;" class="text-xs sm:text-sm font-semibold font-ariel">Howard Lindzon Show - 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