In summary, we must win the AI race, but China is currently winning the AI race, though in fact the AI race does not exist, and instead we must cooperate on AI or we're all gonna die.
Профиль
Bancroft Sutherland
Профиль VivelyPortfolio manager
The U.S.-Republic of Korea Alliance: Strong, Modern, Results-Oriented, and Triple-Leveraged.
Haeyoon Kim 김혜윤The full text of an op-ed by Michelle Park Steel, the new U.S. ambassador to South Korea, published by Yonhap News Agency under the title “The U.S.-Republic of Korea Alliance: Strong, Modern, and Results-Oriented."
I thought the concept of quiet quitting died out around 2023.
George PearkesSubtext of this report from @colbylsmith.bsky.social & @bencasselman.bsky.social : FOMC is PISSED (No link yet, will post when I have one)
I saw “safeguard measure for quartz” and thought perhaps this was something protecting the critical mines in NC that provide the pure quartz for crucible manufacturing upon which the semiconductor industry - and therefore the global economy - is reliant. Nope, missed the “surface imports” part.
ReutersTrump signs proclamation on safeguard measure for quartz surface imports reut.rs/4hHAw8X
- milk - bread - buy $5-$10 billion ¥ - dry cleaning - doggie day care
ReutersEXCLUSIVE: Bessent's 'to do' list: buy $5-10 billion worth of Japanese yen, Reuters photo shows reut.rs/4w1pLC6
Looking forward to the next earnings calls and the a humble brags re: currency trading results reflecting the impact of work on behalf of the US Treasury. “The sales were conducted through Goldman Sachs and Morgan Stanley, according to two of those people.”
Kate DuguidSCOOP: The US has intervened in the yen market, selling euros and buying yen for the first time since 1998 www.ft.com/content/0f9b...
Perhaps we could make it a part-time gig.
Warsh Considers Reducing Frequency of Fed Policy Meetingswww.nytimes.comThought this was clickbait hyperbole, but nope: “The rocket’s upper stage will unintentionally slam into the moon on Wednesday, carving out a crater and sending up a plume of dust and rubble” “…packing the energy equivalent of three tons of TNT.”
The Associated PressA SpaceX rocket is on a collision course with the moon after launching a pair of lunar landers last year.
New due diligence factor: Is this investment strategy based upon a manifesto? Y/N “The manifesto helped him raise money for his new hedge fund and vaulted him into prominence.”
Bancroft SutherlandWhat a headline.
Guys, you're still trying to replace Powell. I told you we can't do it, and we can't do it. Now, what we might be able to do is re-create him. Re-create him in the aggregate.
Dario PerkinsNew Fed communication model - we dont know why they did what they did, but we know - in some detail - why some officials wanted to do something different to what they did. Useful
There is no world in which market participants are simply going treat the FOMC like a passive actor. So by shirking responsibility for controlling the narrative, and even refusing to address the reaction function issue at all, all Warsh has done is cede dramatically more influence to other voters.
EconReporterSo far these two dissent statements sent a bit different messages Kashkari focused on the preferred rate hike schedule being gradual and incremental Hammack focus on the fact that she doesn't think the policy rate is restrictive Where are yours, Logan?
BOJ: many of you might be interested in our reaction function. we're interested in the reaction of financial markets.
FinTwitterBOJ: will implement monetary policy as appropriate from perspective of sustainably, stably reaching inflation target