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PostedBluesky network

Went to Chicago, where these hot commodities came into my possession.

  • Picture of “The Fiscal Fed How the US Central Bank Funds Government” by Will Bateman and “Greenback — -Empire Global Dollar Dominance and the New Cold War” by Ho-fung Hung
Posted: The kind of fact pattern David Foster Wallace used to rack his brain to invent.Bluesky network
Posted: Looking forward to this!Bluesky network
PostedBluesky network

This was the right way to think about credit ratings in the run-up to 2008, and it is the right way to think about them now. Rating agencies have a function; that function is *not* to prevent booms and busts. Quite the opposite, in fact. www.ft.com/content/09f5...

  • FT: "But there is no way for AI infrastructure to be built without the investment-grade bond market. Over $2tn of US IG bonds were issued over the past year. Whatever needs to be done to secure investment-grade ratings will be done."
PostedBluesky network

Fun teachable moment forthcoming

  • Elon Musk tweet: "Live by the sword, die by the sword. Those who pick fights with me should understand that I will find out who is really pulling the strings and come for them, not just their puppets ..."
  • Picture of Leviathan, Thomas Hobbes
Posted: The situation is not great but let's appreciate the hopeful moments. This is a big one – just think about how utterly unimaginable it would…Bluesky network
Posted: The reason European academics can't be bothered to worry about AI paperclip factory scenarios is that the paperclip factory we've built for…Bluesky network
PostedBluesky network

Habe seit ich klein war auf diesen Rudi Tweet gewartet

  • Screenshot Rudi Bachmann tweet: Wenn das liberale Bürgertum in einer konkreten völlig zugespitzten Situation kurzfristig nur noch die Wahl zwischen dem Übel Mobherrschaft/Eigentumsvernichtung und dem Übel rechte Repression/ Eigentumsschutz hat, wird es letzteres wählen. Und in dieser zugespitzten, ausweglosen Dilemmasituation (aber auch nur da) kann ich diese Entscheidung zumindest nicht mehr verurteilen.
Posted: Hochgradig amüsant, dass der Parteichef scheinbar ohne Ironiebewusstsein zur grünen Jugend geht, um sie zu belehren, dass man aus strategis…Bluesky network
PostedBluesky network

“Raising questions about broader problems.” Best description of SoftBank’s core business model I’ve seen.

  • Weak Links Start to Show in A.I. Borrowing Debt trouble at CoreWeave, Oracle and SoftBank raises questions about whether there are broader problems with the data center build-out.
PostedBluesky network

Extremely funny cato.org landing page this week.

  • https://www.cato.org/
PostedBluesky network

Very interesting paper. Finds that rather than theatre, BIS activity in payment & settlement genuinely aims at countering the infrastructural power of private financial actors by developing public alternatives, or at at by least bolstering central bank control. www.tandfonline.com/doi/full/10....

PostedBluesky network

What a great conference put together by @christophsorg.bsky.social. Wish I could have been there in person.

Posted: Impressive chart. The initial spike is the standard flight-to-safety reaction. Looks like it takes global financial markets about four hour…Bluesky network
Posted: 2018: Inflation is a domestic demand-side variable under central bank control. 2022: There may be a global supply-side element to it. 202…Bluesky network
Posted: Habe sie einmal kurz persönlich gesprochen. Gespräch zu dritt mit einem berühmten Kollegen aus dem Ausland. Nach einer Minute redete sie vo…Bluesky network
PostedBluesky network

What a terrible loss. There is not a single thinker more influential for my entire cohort of political economists of money and finance. For so many of us, *the* rite of passage was Perry's online course on money and banking. And then his books. Devastating.

Posted: This is really bad. As @jwmason.bsky.social points out in the next skeet, the most recent entering class was 58% male and 42% female, meani…Bluesky network
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