LP

Some reflections on how extraordinary the US dollar declines are today. Tariffs are supposed to strengthen the US dollar, not weaken it.

But that is not what is happening here so far.

1/

I just did the numbers and this assumption looks to be completely right.

Let’s pause for a minute and consider how INSANE this is. 🧵

A quick check-up on the state of private equity. www.ft.com/content/77b8...

Alphabet aims to slash cost of new nuclear with small reactor deployments, CIO says Alphabet's Google unit struck a deal last October to buy power from small modular reactors under development by Kairos Power.

"More nuclear power has to be part of the U.S. energy mix, Alphabet President and Chief Investment Officer Ruth Porat said."

Alphabet aims to slash cost of new nuclear with small reactor deployments, CIO says
www.cnbc.com/2025/03/10/a...

what is happening...
"Are we indeed in the last days of NATO? What would replace it, if anything?...
This would be terra incognita: No nation has ever fully withdrawn from NATO."

Deafening Commission silence with no credible EU-US data oversight left - Euractiv Silence may serve the EU and the US while they pick their battles, and silence is undoubtedly good for business. But silence can’t last forever.

Great overview of the absurd state of the #TADPF and EU-US data transfers. We expect a collaps any time - with 90% of EU companies having to change par of their IT systems.

https://www.euractiv.com/section/tech/news/deafening-commission-silence-with-no-credible-eu-us-data-oversight-left/

We did a fancy exhibition of charts. Here’s how to get your hands on one of them [FREE TO READ] Charts + church + charity

Goth charts.

on.ft.com/3D3zFhh

A New Paradigm in Active Equity Equity market concentration and technological innovation are two hot topics for active equity investors today. We argue that a systematic approach is uniquely positioned to capitalize on these topics.

A New Paradigm in Active Equity
"In 2024..Nvidia alone delivering one fifth of the market return."
www.aqr.com/Insights/Res... via AQRCapital

Analysts Making Larger Cuts Than Average to EPS Estimates for S&P 500 Companies for Q1

@factset.bsky.social
FactSet Earnings Insight, John Butters, 28 February 2025
advantage.factset.com/hubfs/Websit...

Distributional Financial Accounts Overview https://www.federalreserve.gov/releases/z1/dataviz/dfa/index.html

Distributional Financial Accounts Overview https://www.federalreserve.gov/releases/z1/dataviz/dfa/index.html

Distributional Financial Accounts Overview https://www.federalreserve.gov/releases/z1/dataviz/dfa/index.html

Distributional Financial Accounts Overview https://www.federalreserve.gov/releases/z1/dataviz/dfa/index.html

While the decline in U.S. net household liabilities appears positive at first glance, it coincides with a period of rising wealth concentration.

1/n

Precisely this.
"The wealth effect can also turn negative if, say, the stock market stumbles."

14/n
bsky.app/profile/mark...

this is a very high risk & gets no attention...

"Letting so many of the country’s economic resources accrue to so few people..risks a lot more than just the economy - it eats away at social cohesion in ways that have leaked into other areas.." @markzandi.bsky.social

13/n
bsky.app/profile/aman...

People sometimes make fun of science that sounds stupid and random.

Meanwhile, a study of lizard saliva turned into a peptide medication, which was turned into a diabetes medication, which was turned into a GLP1 weight loss drug, that just became the first therapy every approved for … sleep apnea

"The US...has very strong mass surveillance laws (e.g. FISA702 or EO 12.333), that allow the US government to access any data stored with Amazon, Meta, Microsoft, Google and any other US Big Tech firm without probable cause or individual judicial approval. " bsky.app/profile/noyb...

The New York Times reports that Trump is making the Privacy and Civil Liberties Oversight Board de facto inoperable. This punches the first major hole in EU-US data transfers agreement (TADPF).

Using US Cloud providers could quickly violate the GDPR.

YouTube video by Simons Foundation Jim Simons: Life and Philanthropy

Jim Simons: Life and Philanthropy
www.youtube.com/watch?v=RvjG...

Fitch Revises Austria's Outlook to Negative; Affirms at 'AA+'
www.fitchratings.com/research/sov...

I’m having a conversation with my mom about something I want for Christmas and a week later Santa gives it to me.

When will we pass privacy regulations

"What about Warren Buffett?"

If it’s possible to beat the market, as Buffett has for decades, why would anyone settle for market returns from low-cost index funds?

It’s a valid question

NATO releases list of 12 defence-critical raw materials On Wednesday 11 December, NATO published a list of 12 defence-critical raw materials essential for the Allied defence industry. These materials are integral to the manufacture of advanced defence syst...

On 11 December, NATO published a list of 12 defence-critical raw materials essential for the Allied defence industry. These materials are integral to the manufacture of advanced defence systems and equipment. www.nato.int/cps/en/natoh...

Canada Weighs Export Taxes on Uranium, Oil If Trump Starts Trade War Canada is examining the use of export taxes on major commodities it exports to the US — including uranium, oil and potash — if incoming President Donald Trump carries out his threat to impose broad ta...

Canada is examining the use of export taxes on major commodities it exports to the US — including uranium and oil — if Trump carries out his threat to impose broad tariffs. The move would drive up costs for American consumers. Story by @brianplatt.bsky.social

www.bloomberg.com/news/article...

European Natural Gas & Electricity Market - Tulip Mania 2.0 & what the TTF Curve Structures Tells us About the 2025 Market 3 December 2024

a well-researched article about the European natural gas and electricity market by Alexander Stahel @burggraben.bsky.social
www.thecommoditycompass.com/p/european-n...

"I’ve found that when a sector’s market-capitalization share and/or earnings share rises close to 30%, that’s a sign of possible trouble ahead for the sector as well as the market..." - Dr. Ed Yardeni
www.yardenibook.com/excerpts/#st...

How a large language model can help parse central bank speeches [FREE TO READ] Experiments to develop an accurate hawks-doves index look promising

🚨New, fun piece from me today🚨

How a large language model can help parse central bank speeches

on.ft.com/41sGX7V

must be an error...have you tried turning it on and off again?

Posts, barbed wire fences and the main gate of the former Auschwitz II-Birkenau camp.

Help us commemorate victims, preserve memory & educate the world. Amplify our voice.

Your interaction here is more than just a click. It is an act of remembrance against forgetting. Like, share, or quote our posts.

Let people know that @auschwitzmemorial.bsky.social is present here.

Charts From the Vault: Pictures to Ponder | Morgan Stanley Charts From the Vault: Pictures to Ponder

Charts From the Vault: Pictures to Ponder
www.morganstanley.com/im/en-us/ins...

Paul Krugman retires as Times columnist | The New York Times Company

And it’s official. I’m immensely grateful to the world’s greatest news organization for giving me a platform all these years, and greatly appreciate the moving sendoff 1/

www.nytco.com/press/paul-k...

Germany - Beauty and home care industry grows despite adversity
-Sales revenues increase to EUR 34.6 billion in 2024
-Strongest growth in decorative cosmetics, oral & dental care, detergents

Source: Industrieverband Körperpflege- und Waschmittel e. V. www.ikw.org/en/market-data