Journalist. Author of The Death of Holden (2016), Just Money (2020) and others. Buy Slick: Australia's Toxic Relationship with Big Oil (2024) now: https://www.slickthebook.com.au/ For more me: https://www.roycekurmelovs.com/ Get me on Signal: RoyceK.11
My own theory: everyone watched governments move quickly to take care of people (social security increases, job guarantee, eviction moratoriums) after years of being told it was impossible. After, it was all immediately yanked away. Worse, politicians have gone back to pretending it's not possible
The Fig EconomyOne of my Crank Theories of Everything, at least of Everything in the Recent Past, is that we are dealing (badly) with COVID trauma we’d mostly prefer to pretend never happened.
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US borrowing costs hit 19-year high as Fed defies inflation fearsCentral bank stands pat on rates even as investors worry Trump’s Iran war will ignite jolt of price growthwww.ft.comRoyce KurmelovsIf I understand correctly: AI investment is racking up massive debt but is the only thing keeping US economic numbers looking good right now. Meanwhile, Trump's war on Iran is being financed through US government bonds but has throttled the global oil supply and driven up interest rates. Right as...
Surprised "Abundance" was not in the mix.
Josh TaylorThe new premier's reading pile from last year, posted without comment.
"The process would take about two years, estimated the company, Holtec International. Four years later, the plant, called Palisades, is not yet generating power."
David RobertsNuclear proving to be more difficult in practice than its glib cheerleaders predicted?!?! This has never happened before I simply don't know what to make of it.
If I understand correctly: AI investment is racking up massive debt but is the only thing keeping US economic numbers looking good right now. Meanwhile, Trump's war on Iran is being financed through US government bonds but has throttled the global oil supply and driven up interest rates. Right as...
Royce Kurmelovs"Wall Street banks have demanded more collateral from hedge funds in recent weeks as a rout in AI stocks accelerates and triggers heavy losses across several popular strategies."
"Wall Street banks have demanded more collateral from hedge funds in recent weeks as a rout in AI stocks accelerates and triggers heavy losses across several popular strategies."
Hedge funds face demands to stump up collateral as AI stocks tumbleScale of losses in recent weeks sparks growing risk aversion on Wall Streetwww.ft.comApparently, we're already at the "too big to fail" stage.
FinTwitterSINGAPORE WARNS OF ECONOMIC RISKS IF GLOBAL AI BOOM FALTERS
"Interestingly, a primary vote of 32% is enough for a very slim One Nation majority. In that scenario, the Coalition is on 24.3% and Labor is on 22.7%."
Ben RaueToday's blog post grapples with understanding how many seats we'd expect One Nation to win in Victoria for a given share of the vote. www.tallyroom.com.au/65163
SpaceX IPO must be going well.
The Guardian‘I got carried away’: Elon Musk expresses regret about Doge and wading into Trump’s orbit