5,842 karma · joined December 29, 2013
Investors know the US is going to lose this status if the current momentum continues and there are some possible alternatives.
Investors won't sit by and tolerate MONEY PRINTER GO BRRRRR if they have ANY alternatives and they have LOTS of incentives to find any.
https://x.com/macropaperr/status/2089255200918007854?s=46
Obviously we don't measure it in "how many traders", but what the effect their trading has on the instruments they buy.
The US Dollar is slipping from the world's reserve currency status and the US treasury is slipping from the default safe haven for liquid assets. The BRICS countries bonds are becoming more attractive as of this month.
Trumpanomics is trying to weaken the dollar to make us more competitive as an exporter (along with tariffs which make imports into the US less competitive with domestic goods) and he is Trump's Congress is blowing away previous deficits, so investors are wise to reevaluate their previous risk mitigation strategies.
The Yen Carry Trade is now fully in reverse and both JP and US are going to see higher interest rates, causing both of their debt service to take up an increasing slice of the budget pie.
Investors are jumping into CN bonds now and are likely to look to the rest of the BRICS nations as the IS looks increasingly unable to manage a responsible budget, an economy that doesn't seem to be growing much, and sovereign bonds which have fewer buyers today than a month ago.
The US sold Euros to do the propping of Japanese bonds without telling the EU. Not only did we spend a lot to save our biggest sovereign buyer, but we undermined our relationship with another. And we didn't buy the Japanese much time.
Worth mentioning that lots of buyers is jumping into Chinese bonds over the past week.
It feels like the BRICS are taking over as of this month.
It is frequently a fallacy because D isn't predetermined by A when humans are involved. If you believe in free will, each of B, C, D are independent decisions. Sometimes we stop at A. Sometimes we pass Prohibition as a Constitutional Amendment, and later roll it back.
A common solution is to create placeholders at the old URLs with permanent redirects to the new URLs, but that doesn't fix all of the old hyperlinks, so it becomes extremely expensive to maintain backwards compatibility after 2 or more CMS changes.
It's important not to ruminate on bad thoughts (when your proposal is a good replacement behavior), but it's also important not to bottle up natural human emotions as if they are unjustified or unreal.
A thought exercise: if it wasn't your behavior that caused your own despair, but your spouse's behaviors that caused you irritation / grief. Do you think it's better to paint a smile on yourself and ignore the underlying problem, or spend a few minutes feeling your emotions, describe the cause to your partner, then politely suggest a substitute behavior? The former builds resentment and bottles up strong emotions for an inevitable outburst down the road. The other diffuses the emotion, potentially alleviates the offending behavior, and doesn't betray what you authentically emote.
That show was created by the creator of Office Space. They were both fictional and satire. Just because it was popular and there were some nuggets of truth in the jokes doesn't mean that every startup in Silicon Valley is as extreme of a cult as WeWork was.
People who haven't even been interviewed let alone hired getting a company brand is one thing. But coworkers (and likely friends) getting a company tattoo after getting hired seems completely plausible, especially if it has grown successful into a unicorn.
This was a local professional tattoo artist from San Francisco doing a pop up shop at their company party, not some prisoner with a sewing needle. Professional Tattoo artists know how to minimize risks. They aren't taking pointers about how to do their job from some stablecoin microfinance startup tween.
But it's kinda accurate. It is a pseudo-bank using crypto/ stablecoins to bring banking to Latin America. And it's 10 years late to the crypto game. It likely will be a cold dark road with a high chance of failure in an industry of gambling where mostly men are.
That said, the CEO is Venezuelan (who previously built a microlending platform for Venezuelans), so if I had to guess the job listing and the company party with tattoo is less cringe if you are trying to bring financial stability to people who live with hyperinflation.
Also, you did the counterfactual wrong. You can't simply say "if I were that CEO" and then change the ethics of the situation and of the person and who has agency in the situation.
Don't get me wrong. I wouldn't want to work for this guy. But that doesn't mean I'm going to shit on people who would consider it, even if they have to do something I would consider degrading.
The people who work at a company all were filtered from the hiring process of the founder. If his filter included sycophants and suck-ups, he filtered out any dissent or critical thinking that could challenge his decisions. It's easy to get an exec team who doesn't diverge from decisions of the guy at the top, but obviously that much homogeneity / thought alignment comes with a cost.
Anyway, I'm glad this was publicized. Some rumored or one bad GlassDoor review can be easily overlooked; this will be a stain on the CEO's reputation for a while.
Could the solution be to turn lots of local IT / programmers into potential experts to bend down the cost curve?
But also, I read the article where it said that no corroborating evidence of any crime was found when searching his house or devices, so I suspect his Kik account is not likely to be full of illegal content if his other possessions weren't.
There was evidence of a crime, only the Kik account ownership evidence was thin. Any decent lawyer would have probed into that aspect of the case, but there are lots of comments here about failures of defense / prosecution / experts / legal system.
But I also suspect your statistic is not accurate and designed to make your point, not represent reality.
The problem is that these intersecting conditions make the number of relevant cases small, while having experts testify for defendants for cheap during mundane cases has MUCH higher demand.
This is effectively a truth, but prosecutors are generally held to high ethical standards, where they are expected to drop cases / not bring cases if the evidence doesn't point specifically to the defendant.
That said, there are occasionally times when prosecutors have been caught hiding / burying / not sharing exculpatory evidence (something the police / prosecution found which would help the defense's case against the prosecution). The only reason to do so would be to sandbag the case against the defendant even when there is a shadow of a doubt in the prosecution's case.
I was actually dismissed from a jury panel partially because I said I don't know if I could trust the experts because my perception is that individual experts either repeatedly testify for only the prosecution or only the defense.
Focusing on a better prompt is likely to get to the correct result faster than incomplete prompts and lots of "no change this ..." replies.
Also, I've heard anecdotally that LLMs will underweight the earliest prompt text once context gets too long, so reminding the LLM of the most important aspects of the prompt seems to be perhaps valuable and certainly what lots of humans attempt.
If the police logged into his Kik account from his device, they would have seen the lack of connection to the case. If they simply trusted the Kik account contents from the subpoena response, then it was up to the defendant/experts to identify the issue and rebut the evidence.
And yeah, the trial lawyer failed to make the case, but if the defendant couldn't raise money for a defense, they he likely didn't have any experts to refute the prosecution's evidence.
Also, the legal system is made up of humans who are ALL fallible and subject to cognitive biases. Canadian police received the case from Wisconsin police, so there was likely too much trust and not enough verification. Same with the prosecution bringing a weaker case with very high confidence.
Let the process play out. "News" is called that because it is new and things are still happening.