Alts Logo SVG
Upgrade to paid

Let’s join Altea

Welcome to The WC — your weekly shot of awesome.

Today, we’ve got:

  1. The weirdest AI thing I’ve seen

  2. Altea, All Access, and Auerbach

  3. US Debt

  4. Global debt

  5. When only the best will do

Don’t forget to pick up your all-access pass to see ​the stuff our sponsors won’t let me say.​

Let’s go.

The weirdest AI thing I’ve seen

Romance is hard these days.

But if you’re a Russian hacker coder looking for love, help is only a ChatGPT prompt away.

One guy used AI to manage the ​entire process​, and it’s crazy, involves a huge amount of work, and sounds sort of exploitative.

The original if you want to practice your Russian:

There’s an obvious sort of Cyrano De Bergerac solution here where Tinder rolls out an AI assistant to suggest better matches and help you elevate your banter game, so this is more than a creepy solution for inept hackers.

It’s also (I think?) better than AI girlfriends.

Build it before someone else does:

Altea, All Access, and Auerbach

Speaking of fantastic investment opportunities, I want to make sure you know about a few great things Alts has come out with recently and the sort of philosophy behind them.

Alts Mission

We want to help you make better alternative investment decisions no matter who you are or where you’re from. And we want to do it in a way that’s not beholden to a sponsor or anything else that would bias our content.

All Access Pass: For everyone, including our non-accredited members

We recently launched the All-Access Pass, which makes all our content available (including the fourth and fifth items in this note) to everyone. I hope you find this useful, entertaining, and informative as it helps you along your investment journey.

Altea: For our accredited members

​Altea​ is a supportive community for accredited investors that enriches their lives through access to better alternate investment opportunities, a robust network of compelling individuals, and once-in-a-lifetime experiences.

We formally launched it Monday, and ​applications​ are open through Friday.

Auerbach: For our serious accredited investors:

Every so often, we come across a fantastic investment opportunity that I think our members will love. In this case, it’s an opportunity to acquire three stunning works by Frank Auerbach before he passes away. The best part? We can buy them for well below market rates.

If you’re accredited and want to learn more, ​let me know​.

US Debt

It’s time for our quarterly check-in on the American consumer, which is like Christmas morning for me. These ​reports​ tell you everything you need to know about how the economy is actually doing.

The headline QoQ stats:

  • Mortgage balances were up $112 billion to $12.25 trillion (1%)

  • Credit card balances were up $50 billion to $1.13 trillion (4.6%)

  • Auto loans rose $12 billion to $1.61 trillion (0.6%)

On the face of it, mortgage and auto numbers are pretty ok and what you’d expect in line with inflation.

The increase in credit card balances, which rose 4.6%, is scary as hell. (​Though not everyone is worried​)

This is the bit that terrifies me:

Credit card delinquencies – up and to the right

Serious delinquencies are headed straight up and to the right for credit cards, and auto loans are headed in the same direction.

And the ​younger​ you are, the worse your situation is.

The chart for auto loan delinquency looks the same, more or less.

This silent economic crisis has never been about averages. It’s about a few specific demographics getting smash-hammered while their misery goes mostly under the radar.

I don’t know when the butcher’s bill will come due on this, and I’m not sure exactly how it’s going to play out (especially in an election year). It will be slowly, then all at once, and it’s going to be America’s young people who pay the heaviest price.

Global debt

Speaking of terrifying debt numbers, check out what’s going on with total global debt over the last ten years.

Keep reading with a 7-day free trial

Get the All-Access Pass to access our best content, forever
Start trial
Sign in to your account.

Share

Author

Wyatt Cavalier

Wyatt Cavalier

With a background in finance & intelligence analysis, Wyatt has an unhealthy obsession with finding the best blue chip investment opportunities. His previous newsletter, Fractional, resonated deeply with subscribers, bringing actionable insights and unconventional trading strategies. His rare book collection specializes in banned editions. He currently lives in Spain with his beautiful wife, three young boys, and dog Monty.

Related Posts

chickens graphic

Let’s buy chickens

The American Consumer Can’t Prop up the Economy Anymore, What’s Next for Collectable Shareholders. The Global Collapse No One Is Talking About, and More.

May 1, 2024
staglfation

Stagflation: Tipping Point or Tempest in a Teapot

GDP grew at its slowest rate since Q2 2022, Homes had a median of 50 days on the market, Xaira Therapeutics unveiled $1 billion in funding, Goldman hired two bankers from JPMorgan, and More.

April 29, 2024
jim cramer

Inverse Cramer Weekly Update — Apr 29

Yeah it has ups and downs. That’s why if you want an insurance business, I’m gonna say Progressive. I think Progressive is better -On Travelers (​$TRV​)

April 29, 2024
smuckers

China invades Mexico

Hollywood Embraces AI Cloning for A-List Talent, The Billion-Dollar Crustless Sandwich Empire, Chinese Manufacturers Flock to Mexico, and More.

April 26, 2024
Alts1 Fund Graphic Small

Recently Published

Unique investment ideas worth exploring

Our newsletter is everything. Start here.

    Join thousands of subscribers.
    Absolutely spam-free.

    Website
    Address
    651 North Broad Street, Suite 206 Middletown, DE 19709
    Subscribe to Newsletter
    Alternative Assets - Unique investment ideas worth exploring | Product Hunt
    Linkedin Youtube Instagram Podcast Tiktok Twitter
    © 2023 Alt Assets, Inc. All Rights Reserved

    Disclaimer: The authors of Alt Assets, Inc. are not finance or tax professionals. They are self-taught accredited investors, sharing information, research, and lessons learned. The published content is unique, based on certain assumptions and market conditions at the time of publishing and is intended to serve solely as research, not financial advice. Alts I LLC (the “Fund”) is an affiliate of Alt Assets, Inc. and the Fund has conducted a private placement offering under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended. The Fund may invest in one, several or all of the alternative asset classes that Alt Assets, Inc. publishes content on its site. Any published articles on Alt Assets, Inc. that an alternative asset has a “buy”, “pass”, “overvalued” or “undervalued” designation does not factor into the asset classes that the Fund through its manager ultimately invests in, and thus, any of the Fund’s investments that have positive designations on the Alt Assets, Inc.’s site are purely coincidental as the Fund is actively managed and guided by its own investment parameters as summarized in the relevant private placement memorandum.