Wealth of Nations

Right like I don’t really worry about what will happen to GOOGL AMZN MSFT when this all goes pear shaped but NVDA META ORCL??? 😬😬😬

there are multiple ways to interpret that swing in nsssau county

This fast shelf life is also another distinction from the fiber chase in the late 90s

Do read the story. The potential mismatch between $ capital needs and the useful life of the resultant physical capital stock is the central conundrum here?

and of course what kind of economic multipliers come out of this fixed asset growth (and how and where these multipliers are felt) is another big question

So Roberts & Gorsuch questions will be extra interesting.

100 %

financial complexity does not equal fraud or the path to a big bad thing; many great financial blow ups or frauds were incredibly simple

Man I really wish people didn’t just default to the GFC as the example for every situation involving financial engineering. Because this looks really different in a number of important ways!

the analogy also ignores that a private credit firm doing complex financing with meta is very different than banks arranging/distributing/inventorying from a contagion point of view

def more the the former

Will the dems fumble the ball ?

“Russian Salad “is basically mayonnaise with bits of potatoe thrown in

Our Star shines brighter ?

but McDonalds will never re-brand the quarter pounder into the “113 gram-er”

some “other” south american imports are measured in kilos ….

lol

time to 86 6-7

Light Sweet Crude - Knitting Factory

heads up to anyone following in nyc: i am playing a show in the lower east side tn

www.knittingfactory.com/tm-event/lig...

slv put vol has soared recently

its like putting on the window curtains when you haven’t finished the foundation of the house

Nice to see a show live up to its name :)

we have moved from good old cyclical recessions to tail shocks to some degree

Huge congratulations to the new President of Queens' College, Cambridge University, Dame Menna Rawlings!
Wishing her great success as she leads this truly special institution dedicated to exceptional teaching, research, and fellowship.

exactly my point ; you don’t not pay your electric bill.

it has just slightly less weighting in cpi than gasoline

electricity is the new gasoline . but the problem is that oil is volatile while electricity is a relentless grind higher (in cpi the electricity component has run about 7%/yr since 2019. it’s demand dynamics very different, and there is no shale to suddenly turn on

shore not shoe !!

is it also because classic shoe bombardment is not really needed anymore ?

Eye popping