The way I see it is there will be an equilibrium whereby some combination of improved monetising (search style payments for click through links), subscriptions and improved efficiency (not just makin… (View Post)

Midterms in just over 12 months feel like a critical juncture in maintaining real democracy in the US. (View Post)

I think China is overplaying its hand here. There is a short-term hit from any such export controls for other countries. But medium-term it 1) accelerates the need for countries to diversity the sour… (View Post)

They can't afford it. That's the issue. Their debt to GDP is already around 15% higher than ours (at 113%) and forecast to continue to climb higher at a pretty quick rate. Their unfunded pe… (View Post)

I would argue that the government idiot premium should be measured by spread to local currency swap rates, as opposed to outright yield levels (where growth rates, inflation etc play a large part). T… (View Post)