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Ayn Rand explains how the world's problems are caused by men who refuse to judge
Don't risk it all betting against a bubble. I know it is tempting, but resist: Spitznagel's come to Jesus moment: close your eyes and imagine + 20% and ~-50%. finance.yahoo.com/news/august-st…
8/5 ‘s 90DVOL is the active signal. As I’ve mentioned few times now it has not been countered as we search for the snap-back potential high. $NYSE
"If everybody's waiting for a bounce to sell, either the market doesn't bounce or, if it does, you shouldn't sell into it." -- Bob Farrell
If Russia was invited to this #OlympicGames our boat would’ve sunk during opening ceremony.
I hate classifications but this is very very good.
💛 🇷🇴 The perfect guests. Following their elimination from #EURO2024 last night, @hai_romania left their Munich dressing room spotless with a touching letter to their German hosts.
The Soviet Union went from a global superpower to this in just 33 short years.
Six Reasons Why Time Is Better than Money for Measuring Resource Abundance humanprogress.org/six-reasons-wh… via @HumanProgress
Nobody in Moscow is looking for an exit strategy from the war or an opportunity to initiate dialogue with the West; nobody is concerned with persuading the West to ease sanctions; nobody is hungry for compromise with Ukraine, at least under its current leadership. There is no…
For those of you new to this media environment. The main sources of info are an army that lies about everything; a warlord who owns an infamous troll factory and lied about it for years; and the Kremlin. And Russia destroyed the media, so there aren't any good independent sources
MUST READ: “We are witnessing a fragmentation of the global economy into competing blocs, with each bloc trying to pull as much of the rest of the world closer to its respective strategic interests and shared values” — Christine Lagarde ecb.europa.eu/press/key/date…
Incredible stuff, a must read
In this new investigation, the FT and RUSI reveal the Chinese criminal networks behind North Korea's overseas oil procurement and financing operations. Read our visual story about gangsters, ghost ships and spies operating out of Hong Kong and Macau: ig.ft.com/north-korea-oi…
The policy response since the GFC is to always socialize the costs. That cuts off deflationary tail risks, and thus skews potential outcomes towards higher inflation, higher asset prices. There is no political will to bear any pain. IMO this is the big theme of the decade.
This long weekend for bank geeks is just starting: *US regulators open to sharing losses to smooth sale of SVB and Signature (FT)
The Romanian paradox: impressive economic performance despite the perception of unimpressive governance and political processes. It offers two clear scenarios, both with equal chances of prevailing.
Must-read on the rise of zero-day options from @luwangnyc: bloomberg.com/news/articles/…
turkish football fans throwing toys for child victims of the earthquake. humanity on full display, love this.
Moldovan wine gets recommended by wine critic @JancisRobinson in the @FTMag "The country with the most grapevines per capita" + "Their winemaking has jumped from the 19th to the 21st century and missed out the 20th" (Laithwaite). More here: ft.com/content/f5adff…
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